New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
January 26, 2015
16:52 EDTXU.S. Steel to adjusted production in AL, TX
Subscribe for More Information
16:01 EDTXOptions Update; January 26, 2015
iPath S&P 500 VIX Short-Term Futures down 1.47 to 30.63. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX X MSFT BP GILD according to Track Data.
January 23, 2015
16:01 EDTXOptions Update; January 23, 2015
iPath S&P 500 VIX Short-Term Futures up 80c to 32.10. Option volume leaders: AAPL TSLA TWTR AMZN FB FXCM X GDP PBR according to Track Data.
10:02 EDTXOn the Fly: Analyst Downgrade Summary
Subscribe for More Information
06:28 EDTXU.S. Steel downgraded to Neutral from Buy at Goldman
Subscribe for More Information
January 21, 2015
18:07 EDTXU.S. Steel to idle plants, cut headcount, WSJ says
Subscribe for More Information
09:41 EDTXUS Steel volatility elevated into Q4 and outlook
Subscribe for More Information
January 15, 2015
10:00 EDTXOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:10 EDTXU.S. Steel price target lowered to $40 from $55 at Cowen
Subscribe for More Information
05:33 EDTXU.S. Steel initiated with an Equal Weight at Barclays
Target $33.
January 14, 2015
10:22 EDTXUS Steel calls active
Subscribe for More Information
09:42 EDTXRumor: U.S. Steel moves off lows on renewed takeover chatter
January 13, 2015
11:31 EDTXBofA/Merrill metals & steel analysts hold analyst/industry conference call
Subscribe for More Information

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

I agree to the theflyonthewall.com disclaimer & terms of use