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Stock Market & Financial Investment News

News Breaks
June 19, 2014
16:19 EDTCLFCliffs Natural urges shareholders to support all nine company nominees
Cliffs Natural Resources continues to believe that it is in the best interest of Cliffs' shareholders to support all nine of the company's nominees at the upcoming Annual Meeting of Shareholders to be held on July 29. Cliffs' shareholders of record at the close of business on June 2, will be entitled to vote at the Annual Meeting. Cliffs' nine director nominees, eight of whom are independent, have decades of leadership experience in mining, steel, basic materials, finance, engineering and natural resources businesses - the skills that the Board of Directors believes are required to understand and lead Cliffs. The Board continues to take an active approach in overseeing Cliffs' strategy and execution, providing guidance and, as appropriate, exacting accountability, in the current challenging iron ore pricing environment. As previously announced, in connection with the pending proxy contest between Cliffs and Casablanca Capital, the Cliffs Board has been considering whether Casablanca's nominees should be "approved" with respect to the Company's senior notes indenture for the limited purpose of not triggering the change of control provision in the senior notes indenture. The Cliffs Board took this limited, technical action after determining that this action was prudent to protect the interests of all of Cliffs' shareholders by eliminating the possibility that the outcome of the upcoming Board election could result in triggering the change of control provision. In no way should today's action be construed as Cliffs endorsing any of the Casablanca nominees in the proxy contest. The Cliffs Board continues to recommend shareholders vote by telephone, by Internet, or by signing and dating the WHITE proxy card to vote "FOR ALL" of the company's nine highly qualified and experienced director nominees with expertise in leading mining, steel, basic materials, engineering and natural resources businesses: Gary B. Halverson, Barry J. Eldridge, Mark E. Gaumond, Susan M. Green, Janice K. Henry, Stephen M. Johnson, James F. Kirsch, Richard K. Riederer and Timothy W. Sullivan. By voting the WHITE proxy card, the company intends for two of Casablanca's nominees to be elected to the company's Board.
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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