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Stock Market & Financial Investment News

News Breaks
August 25, 2014
06:03 EDTXU.S. Steel upgraded to Outperform from Underperform at Credit Suisse
Credit Suisse upgraded U.S. Steel two notches to Outperform from Underperform. The firm believes U.S. Steel is on the cusp of a multi-billion dollar earnings opportunity driven by raw material cost advantages and a supportive macro environment. The analyst said the company ability to produce Direct Reduced Iron using vertically integrated iron ore allowing it to produce low cost steel and the macro environment of demand strength, trade cases and consolidation should allow for better supply side rationalization and pricing. Price target raised to $50 from $25.
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November 24, 2014
12:01 EDTXU.S. Steel announces new headquarters location
United States Steel President and CEO Mario Longhi joined Pittsburgh Penguins President and CEO David Morehouse in announcing that the company will relocate its corporate headquarters to the former Civic Arena site in Pittsburgh's lower Hill District. This announcement assures that the company will help anchor new development in the region while sustaining more than 800 jobs in Pittsburgh at the headquarters location. The announcement of the new headquarters location in Pittsburgh is another step in the company's Carnegie Way transformation journey. To be completed in 2017, the new 250,000 square foot headquarters will promote collaboration and best practices for U. S. Steel employees in the advanced work environment. Additionally, by housing employees from a number of locations under one roof, the new headquarters location will provide significant cost savings for the company.
November 18, 2014
13:28 EDTXIron ore, steel stocks lower after iron ore prices, China home prices decline
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06:33 EDTXU.S. Steel initiated with a Market Perform at BMO Capital
Target $43.

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