All Posts Tagged With: "CLF"

(BAC) Stock Market News for February 14, 2013 – Market News

Benchmarks finished mixed following a small increase in retail sales and marginally upbeat earnings reports. The State of the Union speech from U.S. President Barack Obama focused on infrastructure spending, economic growth and employment. Industrial stocks were the major gainer among the top 10 S&P...

14Feb2013 | | Comments Off | Continued

(AMZN) Company News for January 2, 2013 – Corporate Summary

• Shares of Netflix, Inc. (NASDAQ:NFLX) gained 3.6% after Amazon.com, Inc. (NASDAQ:AMZN) issued an apology letter for the failure of its streaming service on December 24 • Duff & Phelps...

2Jan2013 | | Comments Off | Continued

(CLF) Cliffs Natural Resources – Bear of the Day

We are downgrading our rating on Cliffs Natural Resources (CLF) to Underperform following its lackluster third-quarter 2012 results. Earnings fell well short of the Zacks Consensus Estimate while profit slid roughly 86% on account of lower iron...

18Dec2012 | | Comments Off | Continued

(CLF) Cliffs Natural Resources Enters 3-year Deal with USW

Cliffs Natural Resources Inc. (CLF) entered into a three-year tentative labor contract with the United Steel Workers (USW) union that will cover approximately 2,400 USW-represented workers at Cliffs’ Empire and Tilden mines in...

23Oct2012 | | Comments Off | Continued

(XLE) Stock Market News for March 26, 2012 – Market News

Energy and basic materials took the benchmarks modestly higher on Friday, snapping a three-day losing streak. However, meager gains failed to prevent the Dow and S&P 500 from suffering their worst weekly performance this year. Global economic concerns weighed on investors through the week and...

28Mar2012 | | Comments Off | Continued

(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 Industrial...

15Dec2011 | | 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 the worst quarter since...

3Oct2011 | | 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 Dow Jones...

29Sep2011 | | 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)...

18Aug2011 | | 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 China on its economic...

14Jul2011 | | 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 Industrial Average...

8Jul2011 | | 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...

23Jun2011 | | 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),...

10Jun2011 | | 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...

10May2011 | | 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...

3May2011 | | 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...

13Apr2011 | | 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 the country’s...

29Mar2011 | | 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. The S&P...

18Mar2011 | | 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 Suez and protests...

20Feb2011 | | 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...

17Feb2011 | | 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 | | 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...

13Jan2011 | | 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...

25May2010 | | 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...

17May2010 | | 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...

8Apr2010 | | 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...

29Mar2010 | | 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...

19Mar2010 | | 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...

5Jan2010 | | 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...

15Dec2009 | | 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...

7Nov2009 | | 0 comments | Continued