All Posts Tagged With: "CLF"
(BAC) Stock Market News for December 15, 2011 – Market News
Spooked by European financial concerns and a sharp decline in commodity prices, benchmarks ended in negative territory for the third-straight day. Borrowing costs recorded euro-era highs and domestic economic data was not strong enough to negate lingering concerns. The Dow Jones...
15Dec2011 | vitalstocks | 0 comments | Continued(PCE) Stock Market News for October 3, 2011 – Market News
On Friday, markets slipped heavily lower as fresh hints of weakness in the European and domestic economy crippled investor sentiment. However, it was not just Friday’s downtrend that was a matter of concern. With each benchmark losing around 12% for the quarter, this has been...
3Oct2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for September 29, 2011 – Market News
Benchmarks snapped their three-day winning streak as investors grew anxious about Europe’s lingering debt crisis that is now threatening the global economy. Commodity shares dragged down indices as energy and raw materials lost their sheen after a steep drop in their prices. The...
29Sep2011 | vitalstocks | 0 comments | Continued(BJ) Company News for August 18, 2011 – Corporate Summary
• Deere (NYSE:DE) reported Q3 EPS of $1.69, ahead of the Zacks Consensus Estimates of $1.68 per share. Revenues for the quarter rose 24.1% year-over-year to $7.72 billion• Dell Inc. (NASDAQ:DELL) posted second quarter 2012 EPS of 54 cents, easily beating the...
18Aug2011 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for July 14, 2011 – Market News
Remarks from the Federal Chairman came to the rescue of the markets on Wednesday after he indicated a possible third round of economic stimulus. Subsequently, the markets ended their four-day losing streak and benchmarks ended in the green. Moreover, an encouraging report from...
14Jul2011 | vitalstocks | 0 comments | Continued(ADP) Stock Market News for July 8, 2011 – Market News
On Thursday, positive jobs and retail reports lifted investor sentiment and subsequently boosted the benchmarks which edged closer to 2011 highs. Nonetheless, volumes remained tight as investors anxiously await crucial non-farm payroll data from the government. The Dow Jones...
8Jul2011 | vitalstocks | 0 comments | Continued(SID) Rio Tinto to Buy Tata’s Riversdale Stake
Recently, Rio Tinto plc (RIO) received a nod from the Indian Steel major Tata Steel to buy 26% stake in its coal mining company, Riversdale in an open offer of AUD 16.5 per share, or roughly $17.36 per share. The deal is valued at $1.1 billion. The deal is expected to give Rio...
23Jun2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Sells Unit
Freewest Resources Canada Inc., a wholly owned subsidiary of Cliffs Natural Resources Inc. (CLF) entered into an agreement to sell its two mineral properties to Viking Gold Exploration Inc. (TSXV:VGC), subject to the approval of the TSX Venture Exchange and certain other closing...
10Jun2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Restarts Mining at Oak Grove
Cliffs Natural Resources Inc. (CLF) announced that it has resumed underground mining at its Oak Grove coal mine in Alabama but was not able to ship coal from the site because of damage to the above-ground facilities. On April 27, 2011, severe weather and a tornado had snapped...
10May2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Reports Excellent First Quarter
Amidst seasonally slow quarter, Cliffs Natural Resources Inc. (CLF) posted record revenues and earnings in the first quarter of 2011. Net earnings of $423 million or $3.11 per share in the first quarter were 449%, above last year’s $77 million or 57 cents. Earnings surpassed...
3May2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Settles Dispute with ArcelorMittal
North America’s largest iron-ore producer,Cliffs Natural Resources Inc. (CLF), reached an agreement with steel giant ArcelorMittal (MT) to settle disputes over price reopener entitlements for 2009 and 2010 and pellet. Cliffs will get a payment of around $250 million to $270...
13Apr2011 | vitalstocks | 0 comments | Continued(BRKB) Understanding Japan’s Disaster
The awful news out of Japan just seems to keep getting worse. There are now four reactors that are in trouble and significant (although outside the gates of the plant, not immediately dangerous) levels of radiation have been released into the atmosphere. That has severely strained...
29Mar2011 | vitalstocks | 0 comments | Continued(CLF) Stock Market News for March 18, 2011 – Market News
Upbeat economic data helped offset fears of Japan’s nuclear meltdown and pushed indices higher ending a three-day losing streak for US markets. The day after the Dow recorded its largest decline since August 2010, the Dow Jones Industrial Average gained 1.39% to end at 11,774.51....
18Mar2011 | vitalstocks | 0 comments | Continued(CLF) Stock Market News for February 18, 2011 – Market News
Markets touched new multi year highs to end in the green after investors used lackluster economic reports as an opportunity to buy into market leaders. On a sectoral basis, share prices of energy companies rose for the second consecutive day amid fresh tensions surrounding the...
20Feb2011 | vitalstocks | 0 comments | Continued(APD) Company News for February 17, 2011 – Corporate Summary
• Comcast Corp. (NASDAQ:CMCSA) reported Q4 net income of $0.36 per share, slightly ahead of the Zacks Consensus Estimate of $0.34 per share. Revenues for the quarter rose 7.2% year-over-year to $9.72 billion, surpassing the Zacks Consensus Estimate of $9.555 billion • OfficeMax...
17Feb2011 | vitalstocks | 0 comments | Continued(CAT) Stock Market News for January 28, 2011 – Market News
Technology stock earnings results helped the markets close higher on Thursday’s trade after mixed economic data failed to push the markets up to new highs. The Dow fell from the psychological 12,000 mark it had touched Wednesday, the highest since June 2008. The Dow Jones...
29Jan2011 | vitalstocks | 0 comments | Continued(AIG) Company News for January 12, 2011 – Corporate Summary
• JP Morgan (NYSE:JPM) has downgraded Goldman Sachs (NYSE:GS) from “overweight” to “neutral” rating because of valuation concerns, setting a target price of $175 • AIG (NYSE:AIG) has planned to sell off its Taiwan life insurance unit for $2.16...
13Jan2011 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Eyes Aquisition of Canadian Entity
International mining and natural resources company Cliffs Natural Resources Inc. (CLF) has proposed to acquire either of two junior mineral exploration Canadian companies, KWG Resources Inc. and Spider Resources Inc. The takeover bids have substantially similar financial terms....
25May2010 | vitalstocks | 0 comments | Continued(OTTR) April Industrial Production Reports Higher Production, Better Utilization
In April, Industrial Production rose 0.8%, which was in line with consensus expectations. The revisions to previous months’ data was more or less a wash, with growth being revised up in March by 0.1% to 0.2%, and for January it was revised up by 0.2% to 1.2%. That was offset...
17May2010 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources – Bull of the Day
Cliffs Natural Resources Inc. (CLF) is the largest producer of iron ore pellets in the U.S. Cliffs’ increasing international iron ore exposure, recovery in its coal business and longer-term diversification into the chromium business are huge positives for the stock. The...
8Apr2010 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources – Bull of the Day
Cliffs Natural Resources Inc. (CLF) is the largest producer of iron ore pellets in the U.S. Cliffs increasing its international iron ore exposure, recovery in its coal business and longer-term diversification into the chromium business are huge positives for the stock. The company...
29Mar2010 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources – Earnings Report Doubles Expectations
Cliffs Natural Resources Inc. (CLF) recently hit a new 52-week high on better than expected Q4 results from mid February and rising estimates that project next-year earnings growth of 32%. Company Description Cliffs Natural Resources, Inc. is a mining and natural resources company...
19Mar2010 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources – 2010 Growth Forecasted to be 329%
Cliffs Natural Resources Inc. (CLF) shares continue to set new highs as analysts and management raise estimates. Company Description Cliffs Natural Resources mines iron and metallurgical coal in the U.S., South America, and Australia. The company focuses on supplying growing...
5Jan2010 | vitalstocks | 0 comments | Continued(CIEN) Ciena Corporation is Removed From The S&P 500
According to Standard and Poor’s latest realignment, Ciena Corp. (CIEN), the telecommunications equipment maker has been removed from the S&P 500 index and has been included in the S&P MidCap 400, replacing Blyth Inc. (BTH). Visa (V) will replace Ciena in the S&P...
15Dec2009 | vitalstocks | 0 comments | Continued(GGB) Gerdau S.A. Margins Recovered
Today, Gerdau S.A. (GGB) announced consolidated results for the third quarter of 2009. The company did not provide comparable year-on-year figures in a securities filing. Sales reached 3.9 million tons in the quarter, 15% higher than in the second quarter of 2009, reflecting...
7Nov2009 | vitalstocks | 0 comments | Continued(CLF) Weak Third Quarter for Cliffs Natural Resources
Cliffs Natural Resources (CLF), the largest producer of iron ore pellets in the U.S., recorded third-quarter 2009 profits of 45 cents, significantly lower than last year’s earnings of $1.61 per share, on weak iron volumes and prices. However, reported earnings were in contrast...
1Nov2009 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources to Acquire Wabush Mines Stake
International mining and natural resources company, Cliffs Natural Resources Inc. (CLF) announced on Oct 12 its decision to exercise its right of first refusal to acquire U.S. Steel Canada’s 44.6% interest and ArcelorMittal Dofasco’s 28.6% interest in the Wabush Mines joint...
16Oct2009 | vitalstocks | 0 comments | Continued(X) United States Steel Corporation Divests Interest in Wabush Mines
On Oct. 9, United States Steel Corporation’s (X) wholly owned subsidiary U.S. Steel Canada Inc., ArcelorMittal Dofasco and Cliffs Natural Resources Inc. (CLF) have agreed to sell their respective interest in the Wabush Mines joint venture to a Montreal-based steel mining company,...
13Oct2009 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Ups Sales and Production View
International mining and natural resources company Cliffs Natural Resources Inc. (CLF) is expecting increased production and sales volume in its North American Business Unit, which includes its North American Iron Ore and North American Coal business segments. Cliffs expects...
14Sep2009 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources to Raise Production
Cliffs Natural Resources Inc. (CLF) stated that its subsidiary United Taconite in Minnesota plans to ramp up production of iron ore pellet for the rest of 2009 with a moderate increase in steel demand in the last couple of months. In its recent release, Cliffs announced plans...
3Sep2009 | vitalstocks | 0 comments | Continued