International Business News - MT 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 Among the stock activity stories for Friday, Nov. 28, from AP Financial News: NEW YORK (AP)--Shares of mortgage lender Fannie Mae surged nearly 75 percent Friday after the company said it is considering a reverse-stock split to help meet New York Stock Exchange listing requirements. http://www.ibtimes.com/articles/20081128/movers-roundup-fannie-mae-stmicroelectronics.htm Fri, 28 Nov 2008 14:34:20 EST Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20081128/target-yahoo-ford-eli-lilly-big-movers.htm Fri, 28 Nov 2008 13:23:50 EST Shares of ArcelorMittal SA, the world's largest steelmaker, fell more than 7 percent Friday, a day after it said it is looking to cut 9,000 jobs as it copes with the economic slowdown. http://www.ibtimes.com/articles/20081128/arcelormittal-falls-after-job-cut-announcement.htm Fri, 28 Nov 2008 16:40:56 EST The number of planned layoffs from ArcelorMittal's Burns Harbor, Ind. steel mill will be reduced from more than 2,400 to fewer than 500 under an agreement between the company and the United Steelworkers. http://www.ibtimes.com/articles/20081128/arcelormittal-cuts-planned-layoffs-by-nearly-2-000.htm Fri, 28 Nov 2008 09:36:46 EST ArcelorMittal SA, the world's largest steelmaker, said Wednesday it is looking to cut 9,000 jobs through voluntary agreements, shedding around 3 percent of its global workforce in response to the economic downturn. http://www.ibtimes.com/articles/20081127/arcelormittal-looks-to-cut-9-000-jobs.htm Thu, 27 Nov 2008 10:37:36 EST The government has not allowed enough time for public comment on a proposed oil pipeline that would stretch from Alberta to the Gulf Coast, and a new comment period of 90 days should be designated, several groups concerned about the project wrote the U.S. State Department. http://www.ibtimes.com/articles/20081126/groups-want-longer-period-for-pipeline-comment.htm Wed, 26 Nov 2008 09:56:43 EST A new study finds that Internet access lags in rural Montana, and is more costly than in other parts of the country. The study, conducted by Montana State University professor Richard Wolff and Montana Common Cause, found that Montana is well behind the nation in the availability of government services over the Web. It recommends more study and action aimed at helping small communities. http://www.ibtimes.com/articles/20081125/internet-access-lags-in-rural-areas-in-montana.htm Tue, 25 Nov 2008 10:21:47 EST Just weeks after posting record profits, steel makers are facing a harsh new reality: dwindling orders, production cuts, layoffs. And tougher times lay ahead, analysts say. http://www.ibtimes.com/data/articleimgs/180841-meltdown-steel.jpg http://www.ibtimes.com/articles/20081123/after-record-profits-steel-shaken-by-sudden-drop.htm http://www.ibtimes.com/articles/20081123/after-record-profits-steel-shaken-by-sudden-drop.htm Sun, 23 Nov 2008 16:08:46 EST As many as 2,444 employees at ArcelorMittal's steel plant could be laid off indefinitely in January, the company said. The company has notified the United Steelworkers and other stakeholders about the possibility of an "indefinite layoff" at the Porter County plant beginning in the second half of January, ArcelorMittal announced Friday. http://www.ibtimes.com/articles/20081122/steelmaker-warns-up-to-2-444-layoffs-at-ind-plant.htm Sat, 22 Nov 2008 17:22:38 EST Sen. Jon Tester is requesting an investigation by the U.S. Department of Agriculture's inspector general. The Montana Democrat wants the inspector to investigate a pending agreement between the Forest Service, which is an agency of the USDA, and Plum Creek Timber Co. The Forest Service and the company held closed-door negotiations about easements for Plum Creek's use of national forest roads in areas where there are corporate timberlands. http://www.ibtimes.com/articles/20081121/sen-tester-seeks-forest-service-plum-creek-probe.htm Fri, 21 Nov 2008 18:06:29 EST Montana's unemployment rate rose to 4.8 percent in October, up from 4.6 percent in September but still well below the national rate, the Montana Department of Labor and Industry said Friday. http://www.ibtimes.com/articles/20081121/mont-s-unemployment-rate-rises-to-4-8-pct-in-oct.htm Fri, 21 Nov 2008 12:47:39 EST Steel company stocks tumbled Thursday as declining demand has led to inventory reduction, sharply lower sales and falling product prices, an analyst said. http://www.ibtimes.com/articles/20081120/sector-snap-steel-stocks-bend-on-weak-demand.htm Thu, 20 Nov 2008 14:58:16 EST The state Land Board wants a lower price for a big conservation easement in northeastern Montana. Fish, Wildlife and Parks was proposing a $5 million easement for the 24,000 acre Cornwell Ranch near Glasgow. It would allow hunting, public access and prevent development. http://www.ibtimes.com/articles/20081117/montana-land-board-balks-at-big-easement.htm Mon, 17 Nov 2008 14:00:33 EST The Montana Public Service Commission gave final approval Thursday for NorthWestern Energy ratepayers to buy a coal-fired power plant. It will be the first large-scale power generating plant owned by Montana's main utility since energy deregulation of the 1990s when the old Montana Power Company was splintered. http://www.ibtimes.com/articles/20081114/mont-regs-approve-northwestern-coal-plant-buy.htm Fri, 14 Nov 2008 07:57:35 EST Among the stock activity stories for Wednesday, Nov. 12, from AP Financial News: NEW YORK (AP)--Shares of Goldman Sachs Group Inc. fell as the broader market again declined Wednesday morning and after an analyst cut his price target on the stock. http://www.ibtimes.com/articles/20081112/movers-roundup-goldman-sachs-arcelormittal.htm Wed, 12 Nov 2008 14:40:54 EST Shares of steel producers fell hard Wednesday as the global financial turmoil slashed demand, resulting in production cuts as well as diminished profit margins due to inventories becoming more expensive, an analyst said. http://www.ibtimes.com/articles/20081112/sector-snap-steel-producers-share-prices-decline.htm Wed, 12 Nov 2008 12:19:58 EST Shares of the ArcelorMittal SA, the world's largest steel maker, tumbled Wednesday after an analyst downgraded the company on collapsing demand and falling prices, as well as the company's high debt. http://www.ibtimes.com/articles/20081112/arcelormittal-shares-drop-after-analyst-downgrade.htm Wed, 12 Nov 2008 19:41:19 EST The state has issued a new permit for a power plant near Great Falls that was challenged over air pollution. Construction on the 250-megawatt Highwood Generating Station is already under way as its developer, Southern Montana Electric, seeks to beat a Nov. 30 regulatory deadline. The new permit will be revoked if concrete for the part of the plant's foundation is not in place by that time. http://www.ibtimes.com/articles/20081111/montana-coal-plant-gets-new-air-permit.htm Tue, 11 Nov 2008 08:35:39 EST Montana's securities commissioner has ordered a Tennessee-based oil and gas development company, accused of defrauding Montana investors, to pay more than $657,000 in fines and restitution. http://www.ibtimes.com/articles/20081110/oil-firm-ordered-to-pay-restitution-to-investors.htm Mon, 10 Nov 2008 15:53:49 EST Shares of steel companies rose along with the broader market Monday after China announced a $586 stimulus package expected to help stabilize the global economy. http://www.ibtimes.com/articles/20081110/sector-snap-steel-shares-up-on-china-stimulus.htm Mon, 10 Nov 2008 11:07:59 EST