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Stock Market & Financial Investment News

News Breaks
November 30, 2012
12:04 EDTAKS, MTArcelorMittal patent infringement suit against AK Steel revived
The U.S. Court of Appeals for the Federal Circuit ruled that a new trial is required in the patent infringement lawsuit brought by ArcelorMittal (MT) against AK Steel (AKS) and Severstal. The appeals court determined that the lower courtís claim construction error prevented the jury from properly considering ArcelorMittalís evidence. The patent at the center of the suit covers boron steel sheet with an aluminum-based coating applied after rolling the sheet to its final thickness, according to a court filing. The process is used in the manufacture of automobile parts. Reference Link
News For MT;AKS From The Last 14 Days
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August 31, 2015
07:31 EDTMTArcelorMittal Bremen renews partnership with CGI Group
ArcelorMittal Bremen, a subsidiary of ArcelorMittal (MT), has renewed its partnership with CGI. ArcelorMittal Bremen outsourced its IT to CGI five years ago, and, since then, CGI has managed the company's two data centers in Bremen, provided IT infrastructure support, and maintained all applications predominantly developed by ArcelorMittal Bremen, as well as other warehousing and automated production control systems. In addition, CGI provides field service support for approximately 2,000 Windows end-user systems. CGI's scope of activities for ArcelorMittal Bremen has expanded considerably over the course of the engagement. CGI was given, for example, responsibility for an additional 180 production control systems. In fact, the contract volume has doubled in size.
August 27, 2015
10:00 EDTMTOn The Fly: Analyst Initiation Summary
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08:48 EDTMTArcelorMittal initiated with a Neutral at JPMorgan
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August 25, 2015
06:44 EDTMTArcelorMittal finds success in Northern France plant, WSJ reports
ArcelorMittal (MT) has found improbable success investing heavily in Europe, particularly in rust belt Northern France, the Wall Street Journal reports. The company's most profitable business unit is located in Northern France, and the European Union is still the globe's most prestigious automotive market, where companies such as Audi (AUDVF) and BMW (BAMXY) make nearly a trillion dollars worth of cars a year, the report says, meaning higher demand for locally produced steel. Reference Link

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