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Stock Market & Financial Investment News

News Breaks
August 13, 2014
12:22 EDTCLF, VALE, RIO, BHPIron ore prices at lowest level in months, Business Spectator says
Iron ore prices have fallen to their lowest levels in months as investors become concerned over the strength of the Chinese economy, says Business Spectator. The latest move down in prices comes as oversupply continues and demand in China softens, added Business Spectator. Publicly traded companies in the space include Vale (VALE), BHP Billiton (BHP), Rio Tinto (RIO), and Cliffs Natural (CLF). Reference Link
News For VALE;BHP;RIO;CLF From The Last 14 Days
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July 31, 2015
06:21 EDTVALEVale CEO sees nickel prices increasing in 2H15, Reuters reports
Vale CEO Murilo Pinto de Oliveira Ferreira says he expects nickel prices will improve in the second half of 2015, Reuters reports. The executive commented that the company has made up most of its cash-flow deficit with asset sales, and the company has not made a decision about whether it will move forward with an IPO of its base metals unit. Reference Link
05:47 EDTVALEStocks with implied volatility movement; KORS VALE
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July 30, 2015
06:36 EDTVALEVale reports Q2 underlying EPS 19c vs. 38c last year
Reports Q2 gross operating revenue revenue $7.08B vs. $10.08B last year and $726M in Q1, as a result of higher sales volumes and better price realizations in spite of lower iron ore and nickel reference prices. Reports Q2 adjusted EBITDA $2.21B, mainly as a result of lower costs and higher sales volumes in most business segments.
July 29, 2015
16:00 EDTCLFOptions Update; July 29, 2015
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10:58 EDTCLFCliffs Natural Resources sees trade cases as 'game changer' for steel makers
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10:23 EDTCLFCliffs Natural Resources says it has 'ample liquidity'
Says customers updated forecast for prices was "substantially lower" than prior quarter. Says has opportunity to optimize working capital. Says able to maintain cost guidance despite volume cuts. Says it expects to receive anticipated $160M federal tax refund. Sees FY15 SG&A guidance of $120M. Says continues to resolve all issues left from previous regime. Says has moved forward with divestiture of several assets. Says "we control our destiny and our use of cash." Says working diligently with interested buyers for Pinnacle toward a deal, expects to announce in very near future. Says will continue to pursue further cost reduction opportunities in order to stay cash flow positive. Says will be temporarily be idling production at United Taconite facility. Comments taken from Q2 earnings call. In morning trading, shares in Cliffs Natural Resources were down 7.74% to $2.74.
08:21 EDTCLFCliffs Natural backs FY15 capital expenditure budget of $100M-$125M
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08:18 EDTCLFCliffs Natural reports Q2 U.S. iron ore pellet sales volume down 2% to 4.2M tons
Cliffs Natural reports U.S. Iron Ore pellet sales volume in Q2 was 4.2M tons, a 2% decrease when compared to the second quarter of 2014. The decrease was driven by reduced year-over-year export sales and lower demand by U.S. mills, partially offset by improved shipping conditions on the Great Lakes. Cash production cost per ton in U.S. Iron Ore was $56.06, down 9% from $61.37 in the prior year's second quarter. The decrease was driven by a reduction in salaried workforce headcount and overall reductions in employment costs along with a year-over-year reduction in energy rates. This was partially offset by decreases in production volume due to scheduled maintenance and repairs. Realized revenue rates of $78.32 per ton were lower than previously guided as a result of a significant adjustment to the hot-band steel price estimate for one major contract.
08:17 EDTCLFCliffs Natural reports Q2 EPS 39c, consensus (11c)
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05:59 EDTCLFStocks with implied volatility movement; AMGN CLF
Stocks with implied volatility movement; Amgen (AMGN) 30, Cliffs Natural (CLF) 125 according to iVolatility.
July 28, 2015
16:00 EDTVALEOptions Update; July 28, 2015
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July 23, 2015
05:23 EDTCLFStocks with implied volatility movement; MDLZ CLF
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July 22, 2015
11:34 EDTCLFOptions with increasing put volume and implied volatility: RSX CLF FFIV
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05:36 EDTBHPBHP Billiton reports FY15 group production up 9%
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