New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 15, 2014
10:19 EDTCLFCliffs Natural repeats FY14 CapEx forecast of $375M-$425M
Sees FY14 USIO sales volume of 22M-23M tons, sees ECIO sales volume of 6M-7M tons, APIO sales volume of 10M-11M tons, NAC sales volume of 7M-8M tons. Says remains fully committed to acting in the best long-term interests of all shareholders. Says company, advisors have had an ongoing dialogue with Casablanca since December 2013, says Cliffs has made "a number" of offers to Casablanca in an effort to settle, but Casablanca has rejected all offers. Cliffs says will continue to pursue a resolution that avoids a "costly and distracting" proxy contest. Comments from slides that will be presented at the Bank of America Merrill Lynch 2014 Global Metals, Mining & Steel Conference.
News For CLF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 29, 2015
16:00 EDTCLFOptions Update; July 29, 2015
Subscribe for More Information
10:58 EDTCLFCliffs Natural Resources sees trade cases as 'game changer' for steel makers
Subscribe for More Information
10:23 EDTCLFCliffs Natural Resources says it has 'ample liquidity'
Says customers updated forecast for prices was "substantially lower" than prior quarter. Says has opportunity to optimize working capital. Says able to maintain cost guidance despite volume cuts. Says it expects to receive anticipated $160M federal tax refund. Sees FY15 SG&A guidance of $120M. Says continues to resolve all issues left from previous regime. Says has moved forward with divestiture of several assets. Says "we control our destiny and our use of cash." Says working diligently with interested buyers for Pinnacle toward a deal, expects to announce in very near future. Says will continue to pursue further cost reduction opportunities in order to stay cash flow positive. Says will be temporarily be idling production at United Taconite facility. Comments taken from Q2 earnings call. In morning trading, shares in Cliffs Natural Resources were down 7.74% to $2.74.
08:21 EDTCLFCliffs Natural backs FY15 capital expenditure budget of $100M-$125M
Subscribe for More Information
08:18 EDTCLFCliffs Natural reports Q2 U.S. iron ore pellet sales volume down 2% to 4.2M tons
Cliffs Natural reports U.S. Iron Ore pellet sales volume in Q2 was 4.2M tons, a 2% decrease when compared to the second quarter of 2014. The decrease was driven by reduced year-over-year export sales and lower demand by U.S. mills, partially offset by improved shipping conditions on the Great Lakes. Cash production cost per ton in U.S. Iron Ore was $56.06, down 9% from $61.37 in the prior year's second quarter. The decrease was driven by a reduction in salaried workforce headcount and overall reductions in employment costs along with a year-over-year reduction in energy rates. This was partially offset by decreases in production volume due to scheduled maintenance and repairs. Realized revenue rates of $78.32 per ton were lower than previously guided as a result of a significant adjustment to the hot-band steel price estimate for one major contract.
08:17 EDTCLFCliffs Natural reports Q2 EPS 39c, consensus (11c)
Subscribe for More Information
05:59 EDTCLFStocks with implied volatility movement; AMGN CLF
Stocks with implied volatility movement; Amgen (AMGN) 30, Cliffs Natural (CLF) 125 according to iVolatility.
July 23, 2015
05:23 EDTCLFStocks with implied volatility movement; MDLZ CLF
Subscribe for More Information
July 22, 2015
11:34 EDTCLFOptions with increasing put volume and implied volatility: RSX CLF FFIV
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use