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Stock Market & Financial Investment News

News Breaks
June 2, 2014
10:32 EDTXU.S. Steel to idle two tubular facilities, says dumping a factor
United States Steel announced it will indefinitely idle two tubular manufacturing facilities in McKeesport, Pa., and Bellville, Texas, in early August, impacting approximately 260 employees as a result of business conditions which are influenced by unfairly traded tubular products imported into the United States. The indefinite idling of these loss-making operations will reduce the number of U. S. Steel's tubular facilities from 10 to eight, but will enable the company to operate more profitably as it repositions to meet future customer demand, the company said. Approximately 45 professional and management employees and 215 represented employees were advised of the upcoming idling and resulting job reductions and are being issued notices under the Worker Adjustment and Retraining Notification Act. U. S. Steel President and CEO Mario Longhi stated, "We will continue to fight unfair trade by foreign competitors who are creating a detrimental impact and threat to middle-class paying manufacturing jobs." U. S. Steel, along with other domestic producers, has filed an anti-dumping action with the U.S. Department of Commerce to halt the unfair trading and dumping of foreign Oil Country Tubular Goods into the American market, it noted.
News For X From The Last 14 Days
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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.
10:46 EDTXBofA/Merrill metals/mining/steel analysts hold analyst/industry conference call
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10:36 EDTXBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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09:17 EDTXU.S. Steel makes management changes at European and North American operations
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April 6, 2015
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.

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