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Stock Market & Financial Investment News

News Breaks
April 25, 2014
10:30 EDTCLFCliffs Natural says keeping FY14 outlook intact
Says welcomes open communication with shareholders, committed to acting in best interests of shareholders. Says will not comment on Casablanca Capital situation. Says company must strive for continuous improvement in lowering cost profile. Says maintaining FY14 sales volume and cash cost per ton guidance. Says continue to look for opportunities to reduce overhead. Says company experienced 70 days of minus 30 degree Fahrenheit weather this winter. Expect tightness in the pellet market to continue into Q2. The company is maintaining U.S. iron ore sales volume expectation of 22M-23M tons. Says maintains 14 North American Coal expected sales and production volumes of 7-8M tons. Says near term target is to reduce debt profile. Sees FY14 CapEx approximately $375M-$425M. Expected effective tax rate 24% for FY14. Sees SG&A expenses $200M excluding severance related costs. Comments made during the company's Q1 earnings conference call
News For CLF From The Last 14 Days
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August 15, 2014
08:36 EDTCLFCliffs pays $11M to Halverson in connection with employment termination
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August 13, 2014
12:22 EDTCLFIron ore prices at lowest level in months, Business Spectator says
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August 7, 2014
10:44 EDTCLFCliffs Natural appoints Goncalves as Chairman, President and CEO
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