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Stock Market & Financial Investment News

News Breaks
February 6, 2013
11:32 EDTMTArcelorMittal reports Q4 EBITDA $1.32B vs. Q3 EBITDA $1.34B
Earlier today, ArcelorMittal reported Q4 EBITDA of $1.32B compared to Q3 EBITDA of $1.34B. Sales for Q4 decreased by 2.1% to $19.3B as compared with $19.7B for 3Q 2012, and were down 14% as compared with $22.4B for 4Q11. Sales were lower during 4Q12 as compared to 3Q12 primarily due to lower average steel selling prices, down 2.8% offset in part by marginally higher steel shipment volumes up 0.7%. The company sites demand contraction in Europe and the slowdown in China as its key challenges in Q4. The company, however, expects 2013 EBITDA above the $7.1B reported in 2012, with steel shipments are expected to increase by approximately 2-3% in 2013 as compared to 2012.
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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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