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Stock Market & Financial Investment News

News Breaks
July 18, 2014
08:15 EDTCLFCliffs Natural announces revised proxy with ISS, Glass Lewis recommendations
Cliffs Natural announced that it has revised its WHITE proxy card to provide shareholders with a clear path to vote consistently with the recommendations of Institutional Shareholder Services, or ISS, and Glass Lewis without inadvertently providing Casablanca Capital with a majority of the board as a result of Cliffs' cumulative voting provision. While both proxy solicitation firms have recommended shareholders support four Casablanca nominees, they have recommended that Cliffs' nominees should remain as the majority of Cliffs' board. As such, Cliffs' board has reduced its slate of directors to be elected at the 2014 Annual Meeting from nine to seven candidates, with Barry J. Eldridge and Stephen M. Johnson no longer standing for re-election. With this change, shareholders can vote the company's WHITE proxy card in order to elect four of Casablanca's nominees and seven of Cliffs' nominees, which is in line with both ISS' and Glass Lewis' recommendations. In addition, Cliffs' board is offering to include Lourenco Goncalves, Joseph Rutkowski, Gabriel Stoliar, and Douglas Taylor on Cliffs' WHITE proxy card, subject to such individuals providing Cliffs with their consent to include their names on Cliffs' proxy card.
News For CLF From The Last 14 Days
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August 21, 2015
10:02 EDTCLFOn The Fly: Analyst Initiation Summary
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08:22 EDTCLFCliffs Natural initiated with a Sell at Axiom
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August 16, 2015
17:54 EDTCLFUnited Steelworkers union prepares for week of strike action
The United Steelworkers union said it is preparing for a "busy week of events" at U.S. Steel (X), ArcelorMittal (MT), and Cliffs Natural (CLF), as the union's steelworkers prepare for various strike actions and rallies from August 19-21. USW notes that contract negotiations with the companies "continue to proceed slowly," though it reassured that the union committee "continues to meet both internally and with management as the process continues." Reference Link

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