New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 2, 2014
12:49 EDTCLFCasablanca says Cliffs Natural statement not 'genuine' attempt to settle
Casablanca Capital the beneficial owner of approximately 5.2% of Cliffs Natural Resources, issued the following statement on the latest Cliffs press release: “The press release issued by Cliffs before engaging with Casablanca’s principals is another public relations ruse by an incompetent and entrenched Board that has failed shareholders -- and in our view not a genuine attempt to reach a settlement that will create the fundamental change shareholders clearly want and deserve. We have no intention of negotiating through press releases but remain willing, as we have detailed in our public filings, to enter into a reasonable settlement that provides for real change. The current Board must be held accountable for wasting $9B on a disastrous diversification strategy and overseeing the destruction of 85% of shareholder value. Shareholders deserve better.”
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.
April 29, 2015
11:20 EDTCLFStocks with call strike movement; VXX CLF
iPath S&P 500 VIX Short-Term Futures (VXX) September 26 call option implied volatility increased 2% to 70, Cliffs Natural (CLF) October 6 call option implied volatility decreased 1% to 69 according to IVolatility.
10:23 EDTCLFCliffs Natural says 'confident' company will manage through current cycle
Says "confident" company will manage through current cycle. Says will methodically allocate capital, take costs out of business in response to current environment. Says met coal prices "under pressure," says cost discipline "must remain a priority." Says North American coal business considered non-core asset, but says not shutting down these operations during sale process. Says further reduced corporate headcount in Q1 by 25%. Says seeking to keep Asia Pacific iron ore asset cash flow positive in low near-term pricing environment. Says has long-term contracts in place that substantially protect company from pricing volatility. Says expects to continue to reduce net debt by increasing available cash balances. Says sees stronger business for clients in 2H. Comments made on the Q1 earnings conference call. Cliffs Natural is down 2.39% to $5.73 in morning trading.
09:26 EDTCLFOn The Fly: Pre-market Movers
Subscribe for More Information
April 28, 2015
19:10 EDTCLFOn The Fly: After Hours Movers
Subscribe for More Information
16:33 EDTCLFCliffs Natural cuts FY15 capex view to $100M-$125M
Cliffs is lowering its FY15 capital expenditures budget to a range of $100M-$125M, from its previous expectation of $125M-$150M. This reduction reflects a continued focus on reducing expenditures. The spending range includes outflows related to North American Coal and assumes no additional asset divestitures.
16:32 EDTCLFCliffs Natural lowers FY15 sales and production volume view to 20.5M tons
Subscribe for More Information
16:31 EDTCLFCliffs Natural reports Q1 adjusted EPS 2c, consensus (19c)
Subscribe for More Information
15:06 EDTCLFNotable companies reporting after market close
Subscribe for More Information
10:49 EDTCLFCliffs Natural announces increase in sales price for Chromite assets
Subscribe for More Information
April 21, 2015
17:51 EDTCLFCommunications Sales & Leasing to replace Cliffs Natural in S&P 400 as of 4/24
Communications Sales & Leasing (CSALV) will replace Cliffs Natural Resources (CLF) in the S&P MidCap 400 after the close of trading on Friday, April 24. S&P MidCap 400 constituent Windstream Holdings (WIN) is spinning off Communications Sales & Leasing in a transaction expected to be completed on or about that date pending final conditions. Windstream will remain in the S&P MidCap 400 following the spin-off transaction. Cliff Natural Resources has a market capitalization below $800M and is no longer representative of the mid-cap market space.
17:30 EDTCLFCommunications Sales & Leasing to replace Cliffs Natural in S&P 400 as of 4/24
April 20, 2015
09:18 EDTCLFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Morgan Stanley (MS), up 2.1%... Cliffs Natural (CLF), up 1.3%... Check Point Software (CHKP), up 1.1%. ALSO HIGHER: Genetic Technologies (GENE), up 28.2% after additional health centers to offer BREVAGenplus... Hanwha Q Cells (HQCL), up 16.2% following solar module supply agreement with NextEra Energy (NEE)... Provectus (PVCT), up 6.7% after receiving notice of allowance for PV-10 combined with other drugs. DOWN AFTER EARNINGS: Royal Caribbean (RCL), down 6.1%... FARO (FARO), down 16.4%. ALSO LOWER: Yandex (YNDX), down after Barron's recommends that investors take some profits... Carnival (CCL), down 2% after Royal Caribbean reported quarterly results.

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