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Stock Market & Financial Investment News

News Breaks
January 9, 2013
07:42 EDTMTArcelorMittal files to sell $3.5B in common stock and convertible sub notes
Goldman Sachs & Co will be the sole global coordinator of the Combined Offering, and Goldman Sachs & Co, BofA Merrill Lynch , Credit Agricole Corporate and Investment Bank, and Deutsche Bank AG, London Branch will serve as joint bookrunners of the Combined Offering.
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May 13, 2013
08:26 EDTMTArcelorMittal calls for protection from Chinese competition, FT says
The chairman of ArcelorMittal, Lakshmi Mittal, has urged Europe to consider applying higher tariffs on imports of Chinese-produced steel, or for a surcharge on imported steel from "countries where environmental standards are very low,” according to Financial Times. Reference Link
May 10, 2013
10:13 EDTMTArcelorMittal gaps up after Q1 report, guidance, levels to watch
The shares are up over 5% at time of writing to $13.22. At that price, next resistance is at $13.75. Support is at $13.03.
08:57 EDTMTArcelorMittal backs guidance for FY13 EBITDA above $7.1B
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08:55 EDTMTArcelorMittal reports Q1 revenue $19.75B, one estimate $20.86B.
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