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Stock Market & Financial Investment News

News Breaks
March 14, 2013
13:26 EDTAA, MT, XSteelmakers stay competitive in autos with lighter 'new steel,' Reuters says
In the quest for lighter more fuel efficient vehicles, steel makers are now defending themselves against lighter aluminum with 'new' lighter steel products, says Reuters. Aluminum, however, is set for more gains in the U.S. as vehicle makers look to lighten up SUVs and pick-ups. Reference Link
News For X;MT;AA From The Last 14 Days
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July 31, 2015
12:48 EDTXWTO issues compliance report on steel dispute between U.S. and China
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July 30, 2015
16:00 EDTXOptions Update; July 30, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 16.05. Option volume leaders: AAPL FB SPLS X TWTR BAC NFLX MU CHK BIDU WFM HPQ LNKD MDLZ XOM
10:05 EDTXHigh option volume stocks
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10:00 EDTXOn The Fly: Analyst Upgrade Summary
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09:59 EDTXU.S. Steel August options active
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07:51 EDTXU.S. Steel upgraded to Overweight from Neutral at JPMorgan
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July 29, 2015
16:00 EDTXOptions Update; July 29, 2015
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09:13 EDTXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Buffalo Wild Wings (BWLD), up 11.4%... Panera Bread (PNRA), up 5.9%... Sonus Networks (SONS), up 7.2%... Gilead Sciences (GILD), up 3.6%... U.S. Steel (X), up 3.3%... Synchronoss (SNCR), up 2.8%. ALSO HIGHER: Cytec Industries (CYT), up 26.7% after being acquired by Solvay (SVYZY)... MagneGas (MNGA), up 7.8% after receiving multiple orders... AK Steel (AKS), up 5.2% after being upgraded to Outperform from Neutral at Macquarie. DOWN AFTER EARNINGS: Yelp (YELP), down 23.6%... VASCO Data Security (VDSI), down 13.3%... Tableau Software (DATA), down 16%... Twitter (TWTR), down 11.4%... Akamai Technologies (AKAM), down 7.9%.
05:12 EDTXU.S. Steel down 4.1% after reporting Q2 results
05:12 EDTXU.S. Steel sees FY15 adjusted EBITDA $700M-$900M
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05:10 EDTXU.S. Steel reports Q2 EPS with-items ($1.79), may not compare to consensus (10c)
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July 28, 2015
10:33 EDTX, MTAK Steel, other producers file trade cases related to cold-rolled steel
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July 26, 2015
15:35 EDTAAAlcoa looks 'far more promising' under CEO Kleinfeld, Barron's says
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July 24, 2015
07:02 EDTXU.S. Steel July weekly volatility elevated into Q2 and outlook
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July 23, 2015
09:06 EDTAAAlcoa announces realignment of downstream portfolio
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09:02 EDTAAAlcoa completes acquisition of RTI International
Alcoa (AA) announced that it has completed the acquisition of RTI International Metals (RTI). The merger, announced on March 9, became effective today. Under the terms of the merger agreement, each share of RTI common stock has been converted into the right to receive 2.8315 shares of Alcoa common stock, plus an amount of cash in lieu of fractional shares of Alcoa common stock. Alcoa expects RTI to contribute $1.2 billion in revenue in 2019, up from $794 million that RTI generated in 2014, with 65 percent of revenues supported by contracts over the next five years. RTI’s profitability is expected to reach 25 percent EBITDA margin in 2019. Contracts that underpin RTI’s growth include the recently announced contract with Airbus for finished titanium structural supply parts for the new A350-1000 aircraft program. Under the agreement, Alcoa will supply titanium parts for the fuselage, among other components. Alcoa expects global aerospace sales growth of 8 to 9 percent in 2015. Projections for 2016 and 2017 sales growth have nearly doubled to 8 and 13 percent, from 4 to 5 percent and 6 percent, respectively, showing the ongoing strength of the sector. Eighty percent of RTI’s revenues in 2014 were from the aerospace and defense industries. With RTI, Alcoa’s 2014 pro forma aerospace revenue increases by 13 percent to $5.6 billion. RTI is being integrated as a standalone business unit into Alcoa’s downstream Engineered Products and Solutions segment.

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