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Stock Market & Financial Investment News

News Breaks
February 1, 2013
06:04 EDTNUE, DOW, X, MT, AKSCheap gas energizing parts of U.S. economy, WSJ reports
With natural gas suddenly plentiful and relatively cheap in the U.S. due to hydraulic fracturing technology, or fracking, U.S. manufacturing is beginning to pick up again, reports the Wall Street Journal. For example, back in 2004, steelmaker Nucor Corp. (NUE) bought a plant next to Louisiana wetlands, took it apart and shipped it to Trinidad on ocean barges because gas is cheap there.This summer, after almost two years of construction, it will open the same type of plant at the same site at a cost of $750M because natural gas, which is critical to these Nucor plants, is cheap here. Lower-priced natural gas has energized many parts of the country and the economy, including chemical and fertilizer companies, which say lower prices have reduced costs and made the U.S. a more competitive manufacturing location. Reference Link
News For NUE;DOW;X;MT;AKS From The Last 14 Days
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August 22, 2014
12:22 EDTXU.S. Steel CEO comments on affirmative decision by ITC in OCTG trade case
United States Steel President and CEO Mario Longhi issued the following statement in response to the International Trade Commission's affirmative final vote in a trade case on Oil Country Tubular Goods against eight countries including South Korea. The company, the largest integrated producer of tubular products headquartered in the United States, was a petitioner in the case. Longhi's statement follows: "United States Steel Corporation is pleased with the International Trade Commission's affirmative final vote to impose anti-dumping orders against six of the nine countries that are dumping Oil Country Tubular Goods into the market. U. S. Steel will continue to evaluate all of its options, including further litigation, with regards to Saudi Arabia, who was excluded from the International Trade Commission's final vote as a result of an amended final determination from the Department of Commerce, and the two countries, Thailand and the Philippines, for which the ITC reached a negative determination. The International Trade Commission's diligent and conscientious investigation and affirmative final vote clearly recognized that these six countries, which represent more than 90% of the unfairly traded imports that entered the U.S. market in 2013, imported OCTG using unfair methods and market distorting pricing. The dumped imports from all nine countries have caused material injury to the American market and the American worker. Orders have been reduced, mills idled and jobs have been lost. We are satisfied that the affirmative vote will ensure a more competitive and fairer OCTG market for American manufacturing and American workers. While U. S. Steel will continue on our own path toward sustainable profitability and to supply our customers with innovative steel solutions, we also intend to seek transformative, meaningful change to our trade laws to ensure that fairness will exist and is preserved, which can lead to a brighter future for American industry."
10:42 EDTNUE, X, AKSAnalyst says tariff threat could protect steelmakers
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10:01 EDTAKSOn The Fly: Analyst Upgrade Summary
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09:36 EDTXActive equity options trading on open
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07:01 EDTNUE, X, AKSSteel price outlook raised at UBS
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06:43 EDTAKSAK Steel upgraded to Neutral from Sell at UBS
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06:26 EDTAKSAK Steel upgraded to Neutral from Sell at UBS
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August 20, 2014
16:33 EDTNUENucor files automatic mixed securities shelf
09:36 EDTXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FOLD TSLA TWTR WHX FB TM NFLX X EOG
August 18, 2014
12:47 EDTNUENucor volatility at low end of historic range
Nucor September and October call option implied volatility is at 19, January is at 18; compared to its 26-week average of 21 according to Track Data, suggesting decreasing price movement.
August 14, 2014
16:27 EDTDOWBerkshire Hathaway reports 6.0% passive stake in Dow Chemical
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13:03 EDTMTArcelorMittal expresses interest in Italian steelmaker Ilva, Reuters says
ArcelorMittal is said to have sent a non-binding expression of interest for Italian steelmaker Ilva, says Reuters. Reference Link
12:01 EDTDOWThird Point gives quarterly update on stakes
NEW STAKES: Rackspace (RAX), Finisar (FNSR), Amgen (AMGN), Ally Financial (ALLY), and AstraZeneca (AZN). INCREASED STAKES: Dollar General (DG) and Dow Chemical (DOW). DECREASED STAKES: FedEx (FDX), Hertz (HTZ), T-Mobile (TMUS) and Intrexon (XON). LIQUIDATED STAKES: Google Class A (GOOGL), Verizon (VZ) and Mondelez (MDLZ).
August 12, 2014
09:59 EDTMTArcelorMittal shares attractive, says Bernstein
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08:06 EDTXU.S. Steel price target raised to $41 from $31 at Argus
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06:38 EDTMTArcelorMittal Brazil boss says local price view solid, Reuters says
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August 9, 2014
15:31 EDTAKSAK Steel applauds legislation bolstering the Highway Trust Fund
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