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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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September 10, 2014
08:08 EDTCLFCliffs Natural amends credit facilty to allow for $200M share repurchase program
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September 7, 2014
12:59 EDTCLFIron ore giants keep up production amid falling prices, WSJ says
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September 4, 2014
11:35 EDTCLFStocks with call strike movement; CLF YHOO
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September 3, 2014
12:32 EDTCLFCliffs Natural hires banks to sell assets, WSJ reports
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12:25 EDTCLFCliffs Natural up 4% after WSJ says banks hired to sell assets
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12:24 EDTCLFCliffs Natural hires banks to sell U.S. coal assets, WSJ reports
September 2, 2014
11:43 EDTCLFAnglo American open to takeover proposals, CEO says, WSJ reports
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10:46 EDTCLFAnglo American CEO sees iron-ore prices under pressure, WSJ says
The CEO of miner Anglo American (AAUKY) Mark Cutifani said he is worried about the outlook for iron-ore, says the Wall Street Journal. In spite of concerns about an iron-ore glut, the company intends to press on with the Minas-Rio iron-ore project in Brazil , added the Wall Street Journal. Publicly traded companies in the space include Vale (VALE),Cliffs Natural Resources (CLF), Rio Tinto (RIO), and BHP Billiton (BHP). Reference Link

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