United States Steel Corp
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This market is not being kind to shorts. In fact they're getting buried, according to research done by Paul Hickey of Bespoke Investment Group.
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This market is not being kind to shorts. In fact they're getting buried, according to research done by Paul Hickey of Bespoke Investment Group.
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Since the Dow Jones Industrial Average's recent low on November 15, 2012, the 12 stocks pulled from the blue chip index since 1999 have outperformed the Dow even with new highs.
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The Dow is up 20 percent since the recent low on Nov. 15, but 12 stocks that have been kicked out of the index over the years are up an average of 30 percent.
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May 2- Natural Gas Exchange Inc:. *Natural gas exchange- its application to become registered as a foreign. board of trade gets approval from U.S. commodity futures trading commission.
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May 2- TMX Group Ltd:. *April volume on mx decreased 4% compared to March 2013, and was down 16%. from March 2013* Source text for Eikon* Further company coverage ().
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NEW YORK, May 01 Fitch Ratings affirmed United States Steel Corporation's Issuer Default Rating and debt ratings at' BB-'. A full list of rating actions follows at the end of this release. The Rating Outlook is Stable.
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May 1- United States Steel Corp:. *Credit Suisse cuts target price to $24 from $30; rating outperform. Reuters Station users, click. 1568.
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Stocks reversed their early losses to finish higher on the final day of the month, with all three major averages posting robust gains for April, despite some weak corporate earnings and mixed economic data.
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April 30- United States Steel Corp reported a first quarter loss on Tuesday, but reassured investors it is meeting its commitments to customers, despite a lockout at a large facility in Canada. Steel locked out unionized workers at its Lake Erie works in Nanticoke, Ontario, on Sunday morning.
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rose 0.17 percent and the Nasdaq Composite Index gained 0.58 percent. **APPLE INC, $442,5, up 3 pct. **TRANSITION THERAPEUTICS INC, $3.27, up 45 pct.
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Wall Street opened flat on Tuesday as investors awaited economic data and central bank meetings this week, looking for catalysts to push the benchmark S&P 500 index through 1,600. The Dow Jones industrial average dropped 0.11 percent. **APPLE INC, $434, up 1 pct.
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*Sales drop to $4.60 billion from $5.17 billion. April 30- United States Steel Corp reported a first-quarter loss versus a year-earlier adjusted profit as sales dropped, and forecast results would deteriorate further in the current quarter, sending shares down 3.8 percent.
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Earnings: A large number of misses this morning. Among industrials and materials, big misses from Cummins, Pitney Bowes, U.S. Steel, and Martin Marietta. Pfizer also missed, though just by a penny.
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Staff reviewers for the U.S. Food and Drug Administration are expected to ask a panel of medical experts on May 2 if another clinical trial is required before it approves an experimental kidney cancer drug made by Aveo Oncology and Astellas Pharma Inc. **MGIC INVESTMENT CORP, Monday close $5.48, down 13 pct premarket.
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U.S. stock market index futures hovered around the flatline Tuesday, a day after the S&P 500 logged a fresh closing high, as investors weighed a batch of weak corporate earnings against a better-than-expected S&P/Case-Shiller home price report.
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The Pittsburgh- based steelmaker's flat-rolled segment, its biggest business unit, recorded an operating loss of $13 million, compared with a year-earlier profit of $183 million, as prices and shipments slipped. Net loss for the first quarter narrowed to $73 million, or 51 cents a share, from $219 million, or $1.52 a share, a year earlier.
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The Pittsburgh- based steelmaker's flat-rolled segment, its biggest business unit, recorded an operating loss of $13 million, compared with a year-earlier profit of $183 million, as prices and shipments slipped. Net loss for the first quarter narrowed to $73 million, or 51 cents a share, from $219 million, or $1.52 a share, a year earlier.
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**MGIC INVESTMENT CORP, Monday close $5.48, down 13 pct premarket. **PFIZER INC, Monday close $30.43, down 3 pct premarket. **ZOETIS INC, Monday close $32.66.
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April 30- Canada's main stock index looked set open lower as commodity prices slipped, but hopes for further monetary stimulus from the Federal Reserve, which starts its two-day monetary policy meeting later in the day, and the European Central Bank could provide support.
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NEW YORK, April 30- United States Steel Corp:. *Shares down 3.1 percent in premarket trading after results. ( (New York Treasury Desk; Tel: 223 6300)).