International Business News - AKS http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of steel companies tumbled Monday as fears of a possible global economic slowdown shook financial markets around the world, triggering a widespread sell-off. http://www.ibtimes.com/articles/20081006/sector-wrap-steel-companies-sink-with-markets.htm Mon, 06 Oct 2008 16:58:33 EDT Steel producer shares sank Wednesday on fresh evidence of slowing U.S. manufacturing and an analyst's prediction of subdued demand for the rest of the year. http://www.ibtimes.com/articles/20081001/sector-snap-steel-producers-shares-retreat.htm Wed, 01 Oct 2008 11:43:58 EDT The steel industry was battered in the third quarter, as shares of major steel companies fell sharply over the three-month period on sinking prices and projections of weaker demand. http://www.ibtimes.com/articles/20080930/steel-shares-drop-in-q3-on-weaker-demand-outlook.htm Tue, 30 Sep 2008 16:52:14 EDT Shares of steel producers fell hard Monday after buyers virtually suspended purchases in the expectation that the cost of steel product will fall. "There's actually a buyers' strike at the moment," Soleil analyst Charles Bradford said in a telephone interview. http://www.ibtimes.com/articles/20080929/sector-snap-steel-shares-down-on-buyers-strike.htm Mon, 29 Sep 2008 15:19:08 EDT Steel industry shares slid Wednesday as the world's largest steelmaker unveiled plans to cut costs by $4 billion over the next five years through smarter investments and job cuts. http://www.ibtimes.com/articles/20080917/sector-snap-steel-shares-decline-with-markets.htm Wed, 17 Sep 2008 12:39:40 EDT Among the premarket activity stories for Wednesday, Sept. 17, from AP Financial News: NEW YORK (AP)--Goldman Sachs Group Inc. reported its weakest quarter in a decade late Tuesday, but on Wednesday, analysts more mostly positive on the results and a government-backed bailout of insurer AIG. http://www.ibtimes.com/articles/20080917/premarket-roundup-goldman-sachs-tupperware.htm Wed, 17 Sep 2008 09:43:45 EDT Investors waited to see which direction AK Steel Holding Corp. stock would turn on Wednesday, a day after shares of the country's third-largest steel producer tumbled nearly 3 percent. http://www.ibtimes.com/articles/20080917/ahead-of-the-bell-investors-watch-ak-steel.htm Wed, 17 Sep 2008 08:51:05 EDT Shares of most steel companies continued to drop Tuesday after the Federal Reserve announced no change in its benchmark federal funds rate. Despite a market upheaval following the collapse of Lehman Brothers, the central bank said it would keep its target for the federal funds rate at 2 percent. http://www.ibtimes.com/articles/20080916/steel-companies-dip-after-fed-holds-rate.htm Tue, 16 Sep 2008 14:45:08 EDT Among the stock activity stories for Tuesday, Sept. 16, from AP Financial News: NEW YORK (AP)--Shares of Vail Resorts Inc. dropped Tuesday as a Wachovia Capital Markets analyst downgraded the ski resort operator, anticipating a cautious forecast for fiscal 2009. http://www.ibtimes.com/articles/20080916/movers-roundup-vail-resorts-cbrl-group.htm Tue, 16 Sep 2008 14:14:32 EDT Shares of AK Steel Holding Corp. fell nearly 3 percent Tuesday, a drop an analyst said was likely the result of a stronger dollar chasing investors away from commodities and the recent sale of stock by a major investor. http://www.ibtimes.com/articles/20080916/analyst-ak-steel-shares-drop-on-stronger-dollar.htm Tue, 16 Sep 2008 20:18:46 EDT Shares of North American steel companies sank Monday as analysts predicted weaker demand and said the industry needed to cut production. UBS Investment Research analyst Timna Tanners wrote in a client note: "As we refresh our outlook on steel stocks, we lower our production forecasts to reflect weak demand, but we also lower scrap and natural gas to reflect the recent sharp correction." http://www.ibtimes.com/articles/20080915/sector-snap-shares-of-steel-companies-drop.htm Mon, 15 Sep 2008 14:29:10 EDT Shares of AK Steel Holding Corp. dropped Tuesday after Harbinger Capital Partners reported lowering its stake in the steel company to about 4 percent. http://www.ibtimes.com/articles/20080909/ak-steel-shares-fall-after-shareholder-cuts-stake.htm Tue, 09 Sep 2008 14:34:36 EDT Shares of steel companies fell again Tuesday as an analyst forecast continued risk in the sector. Analyst Melissa Cook at Calyon Securities said in an investor note Tuesday that the correction in steel prices gained momentum through August. http://www.ibtimes.com/articles/20080909/sector-snap-steel-companies-drop-again.htm Tue, 09 Sep 2008 13:56:29 EDT AK Steel Holding Corp. said Wednesday it will add a $940 per ton surcharge to its electrical steel products starting next month. The steel maker said the surcharge amount accounts for the reported prices for raw materials and energy used to make the products, with August's purchase cost determining the October surcharges. http://www.ibtimes.com/articles/20080903/ak-steel-to-add-surcharge-to-electrical-steel.htm Wed, 03 Sep 2008 15:05:17 EDT Shares of steel companies fell Wednesday as an analyst upgraded United States Steel Corp. but predicted lower steel prices. Michael Willemse, an analyst with CIBC World Markets Corp., wrote in a client note that current share prices already reflect normalized profitability levels. http://www.ibtimes.com/articles/20080903/sector-snap-steel-shares-decline.htm Wed, 03 Sep 2008 12:37:20 EDT Shares of steel companies dropped Tuesday as oil prices plunged, the dollar strengthened and a survey showed U.S. manufacturing activity and construction spending slowed in recent months. http://www.ibtimes.com/articles/20080902/sector-snap-steel-shares-drop.htm Tue, 02 Sep 2008 15:56:30 EDT Shares of some steel producers sank Monday amid a broader market downturn. The Dow Jones industrial average was off more than 200 points, after surging nearly 200 points Friday as oil tumbled more than $6 a barrel--its biggest percentage drop in more than four years. http://www.ibtimes.com/articles/20080825/sector-snap-steel-companies-drop.htm Mon, 25 Aug 2008 15:49:43 EDT Duke Energy Corp. has reached an out-of-court settlement with a former employee who claimed he was fired for questioning payments the utility made to some major corporate customers, a spokesman said Monday. http://www.ibtimes.com/articles/20080818/duke-energy-ex-employee-settle-suit-in-ohio-court.htm Mon, 18 Aug 2008 20:05:37 EDT Shares of steel producers rose Wednesday, a day after Nucor Corp. announced two scrap metal acquisitions, a move that will reduce the company's need to go to the open market to obtain increasingly expensive scrap. http://www.ibtimes.com/articles/20080806/sector-snap-steel-makers-up-after-acquisitions.htm Wed, 06 Aug 2008 11:49:13 EDT AK Steel Holding Corp. said Tuesday that it will add a $1,040 per ton surcharge for electrical steel products shipped in September. AK Steel said its surcharges are based on reported prices for raw materials and energy used to manufacturer the products, with the July purchase cost used to determine the September surcharges. http://www.ibtimes.com/articles/20080805/ak-steel-to-add-surcharge-to-electrical-products.htm Tue, 05 Aug 2008 10:50:02 EDT