New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 22, 2013
08:53 EDTZEUS, SCHN, STLD, X, AKSU.S. Steel and Schnitzer Steel have most risk to downside, says Goldman
Goldman said recent multiple expansion in the Steel sector is unwarranted given weak supply-demand fundamentals. The analyst sees significant downside risk to Sell rated U.S. Steel (X) and Schnitzer Steel (SCHN) as well as Neutral rated AK Steel (AKS), and Steel Dynamics(STLD), and Olympic Steel (ZEUS).
News For X;SCHN;AKS;STLD;ZEUS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 15, 2015
15:25 EDTXU.S. Steel makes management changes at European and North American operations
U.S. Steel announced two management changes at its European and North American operating facilities. Scott Buckiso has been named vice president – European Solutions and president – U. S. Steel Kosice, succeeding George Babcoke, who has elected to retire following 39 years of service with the company. Amy Smith-Yoder will succeed Buckiso as general manager – Mon Valley Works. The changes are effective May 31. In his new role, Buckiso will assume executive responsibility for the company's operations in the Slovak Republic.
11:33 EDTAKSAK Steel announces the retirement of Chief Legal and Administrative Officer
Subscribe for More Information
10:46 EDTX, STLD, AKS, SCHNBofA/Merrill metals/mining/steel analysts hold analyst/industry conference call
Subscribe for More Information
10:36 EDTXBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
Subscribe for More Information
09:17 EDTXU.S. Steel makes management changes at European and North American operations
Subscribe for More Information
April 7, 2015
11:03 EDTSCHNSchnitzer Steel advances after earnings, levels to watch
Subscribe for More Information
10:49 EDTSCHNSchnitzer Steel sees strategic actions delivering $60M by year-end FY16
Subscribe for More Information
08:38 EDTSCHNSchnitzer Steel sees restructuring charges of approximately $10M
Subscribe for More Information
08:37 EDTSCHNSchnitzer Steel commence scost reduction, capacity reduction
The company has commenced two strategic initiatives: (i) A cost reduction, capacity reduction and productivity improvement initiative which, in the aggregate, is intended to improve financial performance by $60M annually by the end of 2016; and (ii) The integration of the Auto Parts and Metals Recycling Businesses into a single division by the end of fiscal 2015 which is intended to further optimize the efficiencies in our operating platform, enable additional synergies to be captured throughout our supply chain and global sales channel, and more effectively leverage our shared services platform. "In the face of steep declines in commodity prices, we are taking deliberate and substantial steps to continue to lower our operating costs and generate positive cash flow,” said Tamara Lundgren, President and CEO. “The strategic cost reduction actions currently underway are expected to deliver additional annual benefits of approximately $60M. This comes in addition to approximately $65M in cost savings and productivity benefits we have delivered since fiscal 2013. The new strategic actions form part of a longer term plan which we expect will lead to improved financial performance and will position us to emerge from this trough in the cycle with greater operating leverage,” Lundgren said.The company says, "About half of the approximately $60M in targeted savings is expected to come from our Metals Recycling Business, through a combination of equipment idling, including reduced depreciation, and SG&A reductions. Another approximately 40% is expected to come from our Auto Parts Business through the closing of stores, SG&A reductions and productivity improvement initiatives, including $14 million announced earlier this fiscal year. The balance is expected to come from our Corporate Shared Services Division through the reduction of organizational layers and leveraging support functions across the Company’s operating platform. The Company expects approximately a quarter of the savings to be achieved in the fourth quarter of fiscal 2015, with the remainder to be delivered by the end of fiscal 2016. In connection with our strategic cost reduction initiatives, we expect to incur restructuring charges of approximately $10M."
08:35 EDTSCHNSchnitzer Steel reports Q2 adjusted EPS (33c), consensus (6c)
Subscribe for More Information
April 6, 2015
15:16 EDTSCHNNotable companies reporting before tomorrow's open
Subscribe for More Information
15:06 EDTXUS Steel volatility elevated
US Steel April call option implied volatility is at 49, May is at 52, July is at 48; compared to its 26-week average of 46 according to Track Data, suggesting large near term price movement.
11:52 EDTXStocks with call strike movement; X GPRO
U.S. Steel (X) July 29 call option implied volatility increased 4% to 47, GoPro (GPRO) October 50 call option implied volatility decreased 2% to 47 according to IVolatility.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use