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Merger activity increased last week with five new deals announced and one deal closing. The new deals announced last week were across different sectors. Two of the five new deals belong to the financial services sector, one from the real estate sector and two from the technology sector. Acco...
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs” or “Cleveland-Cliffs”) and AK Steel Holding Corporation (NYSE: AKS) (“AK Steel”) today announced that they have received recommendations from both Glass, Lewis & Co., LLC (“Glass Lewis”) an...
Cleveland-Cliffs ( CLF -1.7% ) says it will start selling hot-briquetted iron from its new plant in Toledo, Ohio, in a few months as planned and will price HBI using blast furnace pig iron as a reference . More news on: Cleveland-Cliffs Inc., AK Steel Holding Corporation, Commodities ne...
AK Steel slips ( AKS -6.8% ) as Q4 earnings came below expectations; adjusted EBITDA margin compressed to 3.3% from 8.1% led by lower spot market selling prices, lower shipments to the automotive market due primarily to the General Motors strike, and higher costs for iron ore, coal and c...
AK Steel (NYSE: AKS ): Q4 Non-GAAP EPS of -$0.11 misses by $0.01 ; GAAP EPS of -$0.17 misses by $0.05 . More news on: AK Steel Holding Corporation, Earnings news and commentary, Energy stocks news, Read more ...
WEST CHESTER, Ohio, Feb. 20, 2020 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) today reported its financial results for the fourth quarter and full-year 2019. Fourth Quarter 2019 Highlights Fourth quarter 2019 net loss of $53.9 million, or $0.17 per diluted share; adjusted net loss o...
Companies anticipate an earlier-than-expected consummation of the Merger on March 13 The extended Expiration Date coincides with this earlier closing date Companies have already received the necessary consents to effect the proposed amendments to the subject AK Steel Indenture...
WEST CHESTER, Ohio, Feb. 05, 2020 (GLOBE NEWSWIRE) -- AK Steel (NYSE: AKS) said today that to align the timing of its fourth quarter and full-year 2019 earnings release with the updated timing for Cleveland-Cliffs Inc.’s release of its fourth quarter and full-year 2019 earnings, AK S...
The month of February usually means fourth-quarter and full-year earnings reports from many top companies. This year, the slew of incoming data happens to coincide with the recent coronavirus outbreak in China. That's adding a lot of uncertainty not only to Chinese companies, but also to global ...
A Golden Opportunity For Gold Stocks Amid Consolidation? As they say, what goes up must come down. Yet when it comes to gold stocks and gold prices, the “must come down” part of that statement hasn’t been dramatic during consolidation periods. In fact, while broader mark...
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Nucor Corp. (NYSE: NUE) stock is currently trading at a five-year low. In fact, the shares are very near a 10-year low as well. At this point, they are down around 50% from the highs reached in early 2018. That's a painful decline, to be sure, but the bigger question now is whether or not th...
Are These 5 Names On Your List Of Penny Stocks To Watch This Week? This was a crazy week for trading penny stocks and blue-chip stocks alike. not only did we see massive swings in either direction, but headlines were also a huge force too. Whether it was the latest news of coronavirus cas...
Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) and AK Steel Holding Corporation (NYSE: AKS) (“AK Steel”) jointly announced that, at their respective special shareholder/stockholder meetings held earlier today, the shareholders of Cliffs and the stockholders of AK Ste...