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Stock Market & Financial Investment News

News Breaks
March 7, 2014
06:45 EDTCLFCliffs Natural postpones annual meeting of holders, Casablanca rejects offer
Cliffs Natural Resources announced that, in an attempt to avoid a costly and distracting proxy contest, the company has attempted in good faith to reach a settlement with Casablanca Capital that it believes would be in the best interests of all Cliffs shareholders. Casablanca has requested that Cliffs postpone the record date for its annual meeting of shareholders. In order to accommodate this request and to continue to pursue a potential settlement, Cliffs has determined to postpone the record date for its annual meeting of shareholders, originally scheduled to be held on May 13. The new record date will be announced in a future press release. Cliffs proactively offered to permit Casablanca to appoint two new independent directors to the Cliffs' board and a third mutually agreed upon director to be named at a later date. However, Casablanca rejected the company's settlement offer and stated that they plan to continue their effort to seek full control of the Cliffs' board and to replace Cliffs' CEO through a proxy contest, representation that is entirely disproportionate to Casablanca's recently acquired stake in the company and that does not offer Cliffs' shareholders a control premium.
News For CLF From The Last 14 Days
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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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