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Stock Market & Financial Investment News

News Breaks
January 1, 2013
15:50 EDTMT, PKXPosco-led partners acquire 15% stake ArcelorMittal mines Canada, WSJ says
Posco (PKX) and its partners agreed on Monday to acquire a 15% stake in n an ArcelorMittal (MT) controlled iron-ore mining company in Canada, ArcelorMittal Mines Canada, for $1.1B, says the Wall Street Journal. Reference Link
News For PKX;MT From The Last 14 Days
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September 3, 2015
09:49 EDTPKXPosco downgraded to Neutral from Outperform at Macquarie
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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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