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Stock Market & Financial Investment News

News Breaks
February 27, 2014
09:08 EDTMT, CLFCliffs Natural announces extended supply agreement with ArcelorMittal
Cliffs Natural Resources (CLF) announced that it has entered into a revised commercial agreement with ArcelorMittal (MT) USA to supply iron ore pellets for an additional two years through the end of January 2017, with a mutual option to extend for a third year. In addition, Cliffs and ArcelorMittal USA have also extended their joint partnership for the Empire Mine located on the Marquette Iron Range in Michigan.Previously, Cliffs had announced an impending closure of the Empire Mine. Until the amended commercial agreement was reached with ArcelorMittal, the Empire Mine did not have a customer for pellet production beyond FY14. In addition, the partnership arrangement was scheduled to expire automatically in December, without the mutual agreement of both companies to extend. With this decision, Cliffs and ArcelorMittal will extend the life of this mining operation into FY16. Cliffs is maintaining its FY14 full-year sales and production volume expectation of 22M-23M tons from its U.S. Iron Ore business. Cliffs' FY14 U.S. Iron Ore cash-cost-per-ton expectation is $65-$70. The company said that this extension would require very limited capital.
News For CLF;MT From The Last 14 Days
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November 24, 2014
06:13 EDTMTInvestec Asset reports 10.16% passive stake in ArcelorMittal
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November 21, 2014
09:36 EDTCLFActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN TSLA BIDU CLF DOW LVS BABA TWTR GILD
November 20, 2014
10:02 EDTCLFOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Zoetis (ZTS) downgraded to Market Perform from Outperform at William Blair... Target (TGT) downgraded to Hold from Buy at Evercore ISI... Alexandria Real Estate (ARE) downgraded to Neutral from Outperform at RW Baird... Allscripts (MDRX) downgraded to Sector Perform from Outperform at RBC Capital... athenahealth (ATHN) downgraded to Underperform from Sector Perform at RBC Capital... Boston Properties (BXP) downgraded to Neutral from Outperform at RW Baird... Cliffs Natural (CLF) downgraded to Hold from Buy at Deutsche Bank... Cubist (CBST) downgraded to Neutral from Outperform at Credit Suisse... Denbury Resources (DNR) downgraded to Equal Weight from Overweight at Barclays... E-House (EJ) downgraded to Perform from Outperform at Oppenheimer... Owens-Illinois (OI) downgraded to Market Perform from Outperform at BMO Capital... Quality Systems (QSII) downgraded to Sector Perform from Outperform at RBC Capital... Sapient (SAPE) downgraded to Hold from Buy at Stifel... Harsco (HSC) downgraded to Hold from Buy at Argus... Credit Acceptance (CACC) downgraded to Underperform from Market Perform at JMP Securities... Liberty Media (LMCA) downgraded to Hold from Buy at Telsey Advisory.
09:36 EDTCLFActive equity options trading
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06:25 EDTCLFCliffs Natural downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank downgraded Cliffs Natural to Hold citing the likely closure of the company's Bloom Lake operations. Deutsche lowered its price target for shares to $10.
06:23 EDTCLFStocks with implied volatility movement; CLF GDP
Stocks with implied volatility movement; Cliffs Natural (CLF) 110, Goodrich Petroleum (GDP) 144 according to iVolatility.
November 19, 2014
16:31 EDTCLFOn The Fly: Closing Wrap
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12:46 EDTCLFOn The Fly: Midday Wrap
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10:35 EDTCLFCliffs Natural's Bloom Lake closure costs a worst case, says Credit Suisse
Credit Suisse said Cliffs Natural's Bloom Lake closure cost guidance of $650M-$700M is a worst case scenario and significantly less negative scenarios are possible.
10:10 EDTCLFCliffs Natural only has nominal value at $85/mt iron ore, says CRT Capital
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09:53 EDTCLFCliffs Natural price target lowered to $4 from $8 at Brean Capital
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06:27 EDTCLFCliffs Natural to pursue exit options for Eastern Canadian iron ore operations
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November 18, 2014
13:28 EDTCLFIron ore, steel stocks lower after iron ore prices, China home prices decline
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