Some of the names on the move ahead of the open.» Read More
The Pittsburgh company said it expects a big improvement in its third-quarter operating income from its reportable segments and other businesses. Steel said it will provide about $165 million in secured, debtor-in-possession financing to U.S. Steel Canada Inc., which will allow the business to continue operating as it explores the restructuring.
Stocks up in early trading ahead of Fed statement US homebuilder confidence soars in September US consumer prices fall 0.2 percent in August Financial markets awaiting any Fed signal on rates FedEx to add 50,000 seasonal jobs US current account deficit dips to $98.5 billion Alibaba post-IPO structure gives insiders control Sony forecasts $2 B loss as smartphones lag US Steel shares jump after 3 Q outlook update Family Dollar opposes Dollar General overture
US stocks move higher in morning trading ahead of Fed statement on rates; DuPont, FedEx surge Confidence among US homebuilders surges to nearly 9- year high on stronger sales outlook US consumer prices fall 0.2 percent in August, first drop in 16 months, as energy costs dip Financial markets watching for 2 words as clues to Fed's intentions on rates FedEx 1 Q profit, sales top expectations; company will hire 50,000 seasonal workers US current account trade deficit narrows to $98.5 billion in second quarter, down 3.5 percent Alibaba post-IPO' partnership' structure helps founder, insiders retain control Sony forecasts loss of $2.1 billion, cancels dividend after cutting value of mobile business US Steel shares jump after steelmaker says it expects significant improvement in 3rd quarter Family Dollar board recommends shareholders reject Dollar General's tender offer
Sept 16- United States Steel Corp said its Canadian arm would apply for relief from creditors under Canada's Companies' Creditors Arrangement Act and said it would drop plans to expand two of its facilities. Steel Canada, formerly known as Stelco, accounts for about $1 billion of U.S.
WASHINGTON, Aug 22- The U.S. International Trade Commission on Friday voted to impose anti-dumping duties against steel pipe imports from seven countries, exempting two, handing a victory to domestic producers who had complained that the cheap imports were undercutting their prices.
Take a look at some of Wednesday's midday movers:
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Some of Monday's midday movers:
Some of the names on the move ahead of the open.
July 29- United States Steel Corp reported a narrower second-quarter loss on Tuesday as steel prices improved, but the impact of bad weather, higher repairs and maintenance costs continued to weigh on earnings. Net loss narrowed to $18 million, or 12 cents a share, in the three months to end-June from $78 million, or 54 cents, a year earlier.
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July 29- United States Steel Corp reported a narrower second-quarter loss on Tuesday as steel prices improved, but the impact of bad weather, higher repairs and maintenance costs continued to weigh on earnings. Net loss narrowed to $18 million, or 12 cents a share, in the three months to end-June from $78 milllion, or 54 cents, a year earlier.
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.
Some of Monday's midday movers:
GENEVA, July 14- The World Trade Organization on Monday backed some key claims by India against countervailing duties imposed by the United States on certain steel products, but rejected others.
WASHINGTON, July 11- The U.S. Commerce Department on Friday set duties on South Korean steel pipe used in the oil and natural gas industry, reversing itself in one of the most contentious trade disputes in years after hefty lobbying from U.S. producers and lawmakers.
The move was an about face for Commerce, which confirmed in its final determination that duties would also be set on oil country tubular goods from India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey and Vietnam.
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