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Friedman Industries, Incorporated Announces Second Quarter EPS of $.26
Monday, November 15, 2010 - 2:05pm | 59Friedman Industries, Incorporated (Amex: FRD) announced today its results of operations for the second quarter. For the quarter ended September 30, 2010, the Company recorded net earnings of $1,784,431 ($0.26 per share diluted) on sales of $29,353,262. During the quarter ended September 30, 2009,...
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Company News for November 15, 2010 - Corporate Summary
Monday, November 15, 2010 - 10:33am | 805• Caterpillar (NYSE: CAT) announced plans to buy Bucyrus (NASDAQ: BUCY) for $8.6 billion, or $92 per share • EMC (NYSE: EMC) said it plans to buy Isilon (NASDAQ: ISLN) for $33.85 per share, or $2.25 billion • ArcelorMittal (NYSE: MT) said it is interested in buying Massey Energy (NYSE: MEE) • BHP...
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Massey's Board To Decide On Sale Next Week
Monday, November 15, 2010 - 10:10am | 161Massey Energy's (NYSE: MEE) board is expected to meet next week to decide whether to put the largest coal producer in Central Appalachia up for sale. The company has said recently it is considering strategic alternatives, including a possible sale, making an acquisition of its own or just standing...
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Citigroup Downgrades MT To Hold
Monday, November 15, 2010 - 7:47am | 39Analysts at Citigroup downgrade ArcelorMittal (NYSE: MT) from "buy" to "hold." MT's shares lost 2.67% to close at $34.69 on Friday. More Analyst Ratings here
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ArcelorMittal Considering Massey Buy
Monday, November 15, 2010 - 4:35am | 206ArcelorMittal (NYSE: MT), the world's largest steel producer, may be considering an acquisition of Massey Energy (NYSE: MEE) if the Virginia-based coal producer puts itself up for sale. Massey, the sixth-largest U.S. coal producer, has said in recent weeks that is evaluating strategic options,...
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PKX Invests in Brazil's Steel Market - Analyst Blog
Friday, November 12, 2010 - 4:30pm | 458Korean steel producer, POSCO (PKX) joined hands with Brazil's Vale S.A. (VALE) and Dongkuk Steel Mill for the construction of a steel plant in the state of Ceara, Brazil. Vale will hold a 50% stake in the plant with POSCO holding 30% and Dongkuk Steel Mill the remaining 20%. As per the...
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Unconfirmed Rumor: Nucor Taking A Look At AK Steel Corp
Friday, November 12, 2010 - 10:34am | 50There is unconfirmed talk that Nucor (NYSE: NU) is taking a look at AK Steel Corp (NYSE: AKS). AK Steel is trading down 1.70% so tread carefully. Calls to company management have not been returned.
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Allegheny Technologies' Chairman and CEO to Speak at the Dahlman Rose & Co. Global Metals, Mining & Materials Conference
Thursday, November 11, 2010 - 11:32am | 68Allegheny Technologies Incorporated (NYSE: ATI) announced that L. Patrick Hassey, Chairman and Chief Executive Officer, will speak at the Dahlman Rose First Annual Global Metals, Mining & Materials Conference in New York on November 17, 2010. Mr. Hassey's remarks and presentation slides will...
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Cliffs Natural Resources Inc. Declares Quarterly Cash Dividend of $.14
Tuesday, November 9, 2010 - 3:34pm | 54Cliffs Natural Resources Inc. (NYSE: CLF) today announced that its Board of Directors declared a quarterly cash dividend on the Company's common shares of $0.14 per share. The cash dividend will be payable on Dec. 1, 2010, to shareholders of record as of the close of business on Nov. 19, 2010.
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Steel Stocks Solid (X, SCHN, NUE)
Tuesday, November 9, 2010 - 11:49am | 161The steel stocks are running today, as they have been since then Federal Reserve announced an additional $600 billion in quantitative easing last week, in an effort to boost economic growth. United States Steel Corporation (NYSE: X) is up 95 cents this morning to $48.65, a gain of 2%. Volume is...
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Company News for November 9, 2010 - Corporate Summary
Tuesday, November 9, 2010 - 10:33am | 785• Chevron (NYSE: CVX) announced plans to buy Atlas Energy (NASDAQ: ATLS) for $4.3 billion, or $43.35 per share • Bank of America (NYSE: BAC) and PNC (NYSE: PNC) sold $8.3 billion of BlackRock (NYSE: BLK) shares in a secondary offering priced at $163 per share, a 3.6% discount to BlackRock's close...
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Genomic Health Beats Estimates - Analyst Blog
Tuesday, November 9, 2010 - 9:30am | 502The third quarter of fiscal 2010 was the second consecutive profitable quarter for Genomic Health (GHDX). The company reported an EPS of 12 cents compared to the prior-year period's loss per share of 2 cents driven by higher revenues. According to the Zacks Consensus Estimate, the company was...
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Benzinga's Top Downgrades (AKS, CCME, EPR, HIW)
Tuesday, November 9, 2010 - 8:25am | 149AK Steel Holding Corporation (NYSE: AKS) was downgraded by Goldman Sachs from "buy" to "neutral." AKS' shares closed at $14.01 yesterday. AK Steel's 52-week trading range is $11.30-$26.50. China MediaExpress Holdings Inc (NASDAQ: CCME) was downgraded by Global Hunter Securities from "buy" to "...
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Goldman Sachs Upgrades RS To Buy
Tuesday, November 9, 2010 - 8:13am | 51Analysts at Goldman Sachs upgrade Reliance Steel & Aluminum (NYSE: RS) from "neutral" to "buy." The target price for RS has been raised from $45 to $50. RS' shares gained 1.06% to close at $46.55 yesterday. More Analyst Ratings here
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Goldman Sachs Downgrades AKS To Neutral
Tuesday, November 9, 2010 - 7:50am | 52Analysts at Goldman Sachs downgrade AK Steel Holding Corporation (NYSE: AKS) from "buy" to "neutral." The target price for AKS has been reduced from $15 to $12. AKS' shares gained 1.01% to close at $14.01 yesterday. More Analyst Ratings here