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Stock Market & Financial Investment News

News Breaks
July 17, 2014
09:50 EDTCLFEgan-Jones recommends Cliffs Natural investors vote for director nominees
Cliffs Natural Resources announced that Egan-Jones Proxy Services, an independent proxy advisory firm, has recommended that Cliffs shareholders vote "FOR ALL" of Cliffs' director nominees on the WHITE proxy card in connection with the company's 2014 Annual Meeting of Shareholders to be held on Tuesday, July 29. In its report, Egan-Jones stated: "[We believe that the] dissidents are unpersuasive in making their case that implementing their strategies and being given a majority of the seats on the Board -- which would be vastly disproportionate to their current holdings in the company -- would likely lead to significant increases in stockholder value. We are particularly troubled by the dissidents' reported insistence on requiring Mr. Lourenco Goncalves as the company's executive chairman, given his experience. "[We believe] that the Company's reconstituted Board and its new management team led by CEO Gary Halverson, having the qualifications and experience we believe necessary to lead the company through the volatile iron ore and met coal price environment, deserve the opportunity to see through the implementation of their plans."
News For CLF From The Last 14 Days
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February 23, 2015
07:40 EDTCLFBMO Capital to hold a conference
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February 18, 2015
07:17 EDTCLFCliffs Natural finalizes energy agreement with We Energies in U.P. of Michigan
Cliffs Natural (CLF) has finalized an interim power agreement with Wisconsin Energy's (WEC) utility energy segment We Energies for its Michigan operations. The company stated that this is "one key step in a series of contemplated short and long-term agreements that are essential to the viability of its iron ore mines in the Upper Peninsula".

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