Steel companies are finally getting their arms around the need to deleverage, consolidate and restructure.» Read More
NEW YORK— A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:. Centrus Energy fell 25.3 percent to $7.63. Doral Financial Corp. fell 24.1 percent to $5.04.
NEW YORK— A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:. Carbo Ceramics Inc. fell 16.1 percent to $70.91. Goodrich Petroleum Corp. Holding Co. fell 12.5 percent to $14.85.
NEW YORK— A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:. Pier 1 Imports Inc. fell 18.5 percent to $12.66. Rite Aid Corp. fell 18.5 percent to $5.41.
Sept 17- Nucor Corp shares rose to a six-year high on Wednesday after the steelmaker said it would report higher-than-expected third-quarter earnings. Nucor said it expected to post a third-quarter profit of 70 cents to 75 cents per share.
Sept 17- Shares of United States Steel Corp rose as much 12 percent to a three-year high a day after the company said its loss-making Canadian arm would apply for relief from creditors and that it would drop plans to expand two of its U.S. facilities.
NEW YORK, Sept 17- U.S. stocks were set to open little changed on Wednesday ahead of a key statement by the Federal Reserve which is expected to provide clues on the next monetary policy move by the U.S. central bank.
NEW YORK, Sept 17- Auxilium Pharmaceuticals shares surged in brisk premarket trading Wednesday, a day after receiving an unsolicited offer from Endo International. Analysts said the offer could complicate Auxilium's buyout of Canadian eye drug maker QLT Inc, whose U.S. shares were down 11.3 percent in light trading.
NEW YORK, Sept 11- U.S. stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support.
NEW YORK, Sept 11- U.S. stocks were lower on Thursday, with biotechnology shares among the weakest of the day as investors continued to take profits. Celgene Corp was the biggest decliner on the S&P 500, off 3 percent at $91.28, while Vertex Pharmaceuticals was down 2.3 percent at $92.60.
Shares of Nabors Industries dipped 2.4 percent and shares of Chesapeake Energy fell 2.1 percent. "If you look at the price action it the energy/commodity space, the market seems to be tracking that pretty closely," said Art Hogan, chief market strategist at Wunderlich Securities in New York.
NEW YORK, Sept 11- U.S. stocks fell on Thursday, dropping in a broad decline that saw the number of companies hitting 52- week lows outnumber the companies hitting highs for the first time since early August.
NEW YORK, Sept 11- U.S. stocks were lower in early trading Thursday as a weak jobless claims data pushed investors to continue taking profits in a market that had rallied to repeated records. The day's losses were modest but broad, with nine of the ten primary S&P 500 sectors lower.
*Second-quarter adj. profit 2 cents/ shr vs est loss 4 cents/ shr. July 29- AK Steel Holding Corp reported a surprise quarterly profit as prices rose and it shipped more steel, sending its shares up nearly 8 percent to their highest in two years.
July 29- AK Steel Holding Corp reported a surprise adjusted profit for the second quarter as shipments rose. Steel prices in North America are near two-year highs, helped by firm U.S. economic growth. Net loss attributable to the company narrowed to $17.1 million, or 13 cents per share, in the second quarter, from $40.4 million, or 30 cents per share, a year earlier.
July 29- U.S. steelmaker AK Steel Holding Corp reported a smaller second-quarter loss, helped by higher shipments. Net loss attributable to the company narrowed to $17.1 million, or 13 cents per share, in the quarter ended June 30, from $40.4 million, or 30 cents per share, a year earlier. Net sales rose 9 percent to $1.53 billion.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
This week, a mother lode of second quarter earnings are due. Early results are giving Wall Street reasons to be encouraged.
Some of the names on the move ahead of the open.
July 21- Steel Dynamics Inc will buy Severstal's mini-mill in Columbus, Michigan for $1.62 billion in cash, and AK Steel will buy the Russian steelmaker's assets in Dearborn, Michigan for $700 million in cash. Last month, CEO Alexey Mordashov said that selling the U.S. assets could help decrease Severstal's debt and make the company a lot more profitable.
July 21- Steel Dynamics Inc will buy Severstal's Columbus mini-mill for $1.62 billion in cash, and AK Steel will buy the Russian steelmaker's assets in Dearborn, Michigan for $700 million in cash. AK Steel said the deal also included a cokemaking facility and interests in three joint ventures that process flat-rolled steel products.