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Positive Data for Genomics Oncotype - Analyst Blog
Wednesday, December 15, 2010 - 3:14pm | 433Genomic Health (GHDX), an oncology based biotech company, recently presented results from seven new studies for its flagship product, Oncotype DX breast cancer test. Data presented at a recently held breast cancer conference confirmed that the Oncotype DX Recurrence Score (RS) can accurately...
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POSCO Steps into SNG Business - Analyst Blog
Wednesday, December 15, 2010 - 2:03pm | 494Korean steelmaker, POSCO (PKX) signed an agreement with Jeollanam-do and Gwangyang-si, according to which the company will invest in establishing a Synthetic Natural Gas (SNG) manufacturing factory in Gwangyang-si. The factory will be built on a 415,000m2 site within the Jeonnam Gwangyang...
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POSCO Steps into SNG Business - Analyst Blog
Wednesday, December 15, 2010 - 1:30pm | 494Korean steelmaker, POSCO (PKX) signed an agreement with Jeollanam-do and Gwangyang-si, according to which the company will invest in establishing a Synthetic Natural Gas (SNG) manufacturing factory in Gwangyang-si. The factory will be built on a 415,000m2 site within the Jeonnam Gwangyang...
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Schnitzer Steel To Acquire Steel Pacific Recycling in British Columbia
Wednesday, December 15, 2010 - 9:01am | 43Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today announced that it has entered into a definitive agreement to acquire substantially all of the assets of Selkirk Recovery, Inc., dba Steel Pacific Recycling, of Duncan, British Columbia.
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Top 4 NYSE Stocks In The Metal Fabrication Industry With The Highest Dividend Yield (MLI, RS, VMI, X)
Wednesday, December 15, 2010 - 6:48am | 119Below are the top metal fabrication stocks on the NYSE in terms of dividend yield. Mueller Industries Inc (NYSE: MLI) has a dividend yield of 1.20%. MLI's shares closed at $32.76 yesterday. Reliance Steel & Aluminum Company (NYSE: RS) has a dividend yield of 0.80%. RS' shares closed at $49.45...
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ArcelorMittal Buys 61.7 Million Call Options on Its Own Shares
Tuesday, December 14, 2010 - 5:08pm | 88Following the reopening of its share buy-back program as announced on 26 November 2010, ArcelorMittal (NYSE: MT) acquired on 14 December 2010 euro-denominated call options on 61,728,395 of its own shares with a strike price of EUR 20.25 per share. The 61.7 million of call options acquired allow...
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United States Steel Moving Higher (X)
Tuesday, December 14, 2010 - 2:34pm | 38United States Steel Corporation (NYSE: X) is moving 2% higher as 1,800 Dec $52.5 calls recently traded near offer. At last check, shares of X were up $1.06 to $55.24 on just over 4 million shares.
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Calls Purchased on Steel Dynamics (STLD)
Tuesday, December 14, 2010 - 12:58pm | 143Shares of Steel Dynamics (NASDAQ: STLD) are higher on the session by 0.65%, currently trading at $17.02. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and the 200-day moving averages. Options traders are buying calls on the name today. A...
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Mechel Reports 2010 Nine Months Revenue of $7.0B
Tuesday, December 14, 2010 - 11:28am | 41Mechel OAO (NYSE: MTL) today announced financial results for the 2010 nine months. --Revenue amounted to $7.0 billion --Consolidated adjusted EBITDA amounted to $1.4 billion --Net income attributable to shareholders of Mechel OAO amounted to $462 million
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How Long Will China Float the Global Economy? - Voice of the People
Monday, December 13, 2010 - 6:33pm | 715Zacks' Voice of the People Highlights user inthemoneystocks: "How Long Will China Float the Global Economy?" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post How Long Will China Float the Global Economy? Last night the Shanghai...
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CSN to Acquire Spanish Assets - Analyst Blog
Monday, December 13, 2010 - 6:03pm | 416Brazil-based Companhia Siderúrgica Nacional (SID), or CSN, aims at strengthening its portfolio by acquiring steel and cement assets in Spain. The steelmaker entered into talks with Grupo Alfonso Gallardo, S.L.U. (AG Group) to acquire the latter's interest in Cementos Balboa S.A. (Balboa),...
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How Long Will China Float the Global Economy? - Voice of the People
Monday, December 13, 2010 - 6:02pm | 715Zacks' Voice of the People Highlights user inthemoneystocks: "How Long Will China Float the Global Economy?" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post How Long Will China Float the Global Economy? Last night the Shanghai...
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CSN to Acquire Spanish Assets - Analyst Blog
Monday, December 13, 2010 - 5:30pm | 416Brazil-based Companhia Siderúrgica Nacional (SID), or CSN, aims at strengthening its portfolio by acquiring steel and cement assets in Spain. The steelmaker entered into talks with Grupo Alfonso Gallardo, S.L.U. (AG Group) to acquire the latter's interest in Cementos Balboa S.A. (Balboa),...
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ArcelorMittal Receives Regulatory Approvals For the Acquisition of Baffinland Iron Mines
Monday, December 13, 2010 - 4:01pm | 230ArcelorMittal (NYSE: MT) announced today that the Commissioner of Competition under the Competition Act (Canada) has issued a "no action" letter to ArcelorMittal confirming that the Commissioner of Competition does not intend to challenge ArcelorMittal's acquisition of Baffinland in respect of its...
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Commercial Metals Company Declares Dividend of $.12
Monday, December 13, 2010 - 11:59am | 58The board of directors of Commercial Metals Company (NYSE: CMC) has declared a quarterly cash dividend of twelve cents per share on common stock to stockholders of record on January 3, 2011. The dividend will be paid on January 17, 2011. This is the 185th consecutive quarterly cash dividend paid...