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Stock Market & Financial Investment News

News Breaks
June 10, 2014
15:31 EDTCLFCliffs Natural sees best interest served by nominating 9 to 11 member board
Cliffs Natural Resources filed its definitive proxy materials with the SEC in connection with its upcoming annual meeting of shareholders. Cliffs stated that, based on discussions with various shareholders, the board of directors currently believes that it is in the best interest of all Cliffs shareholders for the board to nominate a slate of nine directors for its eleven-person board. "As a result, by using the WHITE proxy card and voting as recommended by the Board, we believe that at least two of Casablanca's proposed nominees will be elected to the Cliffs Board, assuming that Casablanca continues its proxy contest," Cliffs said.
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May 29, 2015
09:30 EDTCLFCredit Suisse said 2H looking like a 'win-win' for US steel equities
Credit Suisse said 2H 2015 is looking like a "win-win" for U.S. steel equities. The firm assumes favorable outcomes in proposed congressional legislation redefining injury in anti-dumping trade cases, a trade case filing, and an end to market restock cycle. Credit Suisse continues to favor U.S. Steel (X) given its leverage to the trade case story and said the entire sector will benefit if 2H plays out as expected. Firm said Reliance Steel (RS), Worthington (WOR), and Olympic Steel (ZEUS) are leveraged to a drop in import volumes and raw materially suppliers Cliffs Natural (CLF), Arch Coal (ACI), and Alpha Natural (ANR) should benefit from production increases in domestic Blast Furnace given less import competition.
May 20, 2015
16:23 EDTCLFCliffs Natural says Wabush has commenced restructuring proceedings
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