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Stock Market & Financial Investment News

News Breaks
July 1, 2014
18:50 EDTCLFCliffs Natural recommends shareholders support current board
Cliffs Natural Resources issued the following statement, "This late addition to the Casablanca Capital slate removes any doubt that Casablanca continues to try to acquire control of the Cliffs board of directors. Cliffs believes in shareholder representation on the board, but believes that handing over control of the board to a single minority shareholder with a short-term and value destructive agenda would put the company and all other shareholders at significant risk. We recommend that shareholders support Cliffs’ nine highly qualified and experienced director nominees, who are already executing a plan to enhance value for all shareholders."
News For CLF From The Last 14 Days
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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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