International Business News - NUE 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 Steel maker Nucor Corp. on Thursday said it elected Christopher J. Kearney to its board effective Oct. 1. Kearney, 53, currently serves as the chairman, president and chief executive of Charlotte, N.C.-based manufacturer SPX Corp. http://www.ibtimes.com/articles/20080904/nucor-elects-head-of-spx-to-board.htm Thu, 04 Sep 2008 14:00:55 EDT Risks including a strengthening dollar and fears of easing demand from China have re-emerged in the U.S. steel industry, Goldman Sachs Global Investment Research said Thursday, downgrading its rating of the sector. http://www.ibtimes.com/articles/20080904/ahead-of-the-bell-goldman-sachs-downgrades-steel.htm Thu, 04 Sep 2008 08:42:20 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 Although attention is focused on the petroleum industry as Hurricane Gustav takes aim at the Gulf Coast, billions of dollars are at stake in other economic sectors: New Orleans' trademark tourism industry, the shipping business, sugar harvesting--and even such niche products as red-hot Tabasco sauce. http://www.ibtimes.com/data/articleimgs/119800-correction-gustav-gulf-coast.jpg http://www.ibtimes.com/articles/20080831/gustavs-possible-economic-hit-is-widespread.htm http://www.ibtimes.com/articles/20080831/gustavs-possible-economic-hit-is-widespread.htm Sun, 31 Aug 2008 18:00:34 EDT Shares of steel makers rose Wednesday after government data showed stronger-than-expected orders for big-ticket manufactured goods in July. Earlier Wednesday, the Commerce Department said orders for durable goods rose 1.3 percent last month, well above the 0.1 percent increase economists expected. http://www.ibtimes.com/articles/20080827/sector-snap-steel-companies-rise.htm Wed, 27 Aug 2008 13:39:41 EDT Steel producer Nucor Corp. said Tuesday it plans to start steel bar production at a previously idle mill in Kingman, Ariz. The company expects operations to start by the second quarter of 2009. Capital improvements needed to restart production at the facility are expected to cost about $30 million. http://www.ibtimes.com/articles/20080826/nucor-to-start-production-at-arizona-mill.htm Tue, 26 Aug 2008 09:52:07 EDT Steel producer Nucor Corp. said Tuesday it paid about $185 million to buy Ambassador Steel Corp., which fabricates and distributes reinforcement bars, or rebar, that are used to strengthen concrete. http://www.ibtimes.com/articles/20080826/nucor-buys-ambassador-steel-for-185-million.htm Tue, 26 Aug 2008 09:36:13 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 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 Steelmaker Nucor Corp. said Thursday it will install a $110 million plate-heat-treating facility at its plate mill in Hertford County, N.C. Heat-treated plate is used in applications where higher strength and abrasion resistance is required, the company said. http://www.ibtimes.com/articles/20080731/nucor-to-make-110m-addition-to-nc-mill.htm Thu, 31 Jul 2008 14:38:16 EDT Gov. Bobby Jindal met with steel executives in South Carolina as he tries to bring a new $2 billion plant to south Louisiana. Jindal said he met with Nucor Corp.'s chief executive Dan DiMicco and others, and took a tour of the Charlotte, N.C.-based steelmaker's South Carolina plant. Jindal called the Wednesday meeting "very productive" and involved negotiations over financial incentives, as he tries to persuade the firm to build the plant in St. James Parish instead of a location overseas. http://www.ibtimes.com/articles/20080731/la-gov-jindal-lobbies-steel-execs-for-new-plant.htm Thu, 31 Jul 2008 09:30:17 EDT Stocks of steel companies surged Tuesday after U.S. Steel posted sharply higher quarterly earnings, saying it saw record prices for steel and robust demand that it expects will extend into the second half of the year. http://www.ibtimes.com/articles/20080729/sector-wrap-steel-stocks-soar-on-us-steel-2q.htm Tue, 29 Jul 2008 17:22:18 EDT Shares of steel makers fell Tuesday after AK Steel Holding Corp. said its third-quarter shipments will decline from second-quarter levels and raw material and energy costs are due to increase in the period. http://www.ibtimes.com/articles/20080722/sector-snap-steel-makers-slides-on-weak-outlook.htm Tue, 22 Jul 2008 15:23:10 EDT Among the earnings stories for Thursday, July 17, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080717/earnings-roundup-microsoft-google.htm Thu, 17 Jul 2008 18:08:45 EDT Among the earnings stories for Thursday, July 17, from AP Financial News: NEW YORK (AP)--Cosmetics maker Revlon Inc. said Thursday it expects to move to a profit in the second quarter, partly because of strong sales of newly launched products. http://www.ibtimes.com/articles/20080717/earnings-roundup-revlon-insteel-industries.htm Thu, 17 Jul 2008 15:12:13 EDT Among the stock activity stories for Thursday, July 17, from AP Financial News: NEW YORK (AP)--Shares of eBay Inc. fell to their lowest point in nearly two years Thursday after the online auction company's second-quarter profit growth was eclipsed by a softer forecast than analysts had expected. http://www.ibtimes.com/articles/20080717/movers-roundup-ebay-nucor.htm Thu, 17 Jul 2008 15:07:53 EDT Among the earnings projection stories for Thursday, July 17, from AP Financial News: NEW YORK (AP)--Nucor Corp. on Thursday issued a third-quarter forecast that widely missed Wall Street expectations, and shares of the big steel maker dropped sharply. http://www.ibtimes.com/articles/20080717/outlook-roundup-nucor-amphenol.htm Thu, 17 Jul 2008 14:37:39 EDT Shares of Nucor Corp. fell more than 11 percent Thursday after the big steel maker's third-quarter guidance missed Wall Street expectations. Other U.S. steel makers also declined, though not as much as the Charlotte, N.C.-based company. http://www.ibtimes.com/articles/20080717/nucor-falls-as-market-focuses-on-3q-guidance.htm Thu, 17 Jul 2008 19:31:39 EDT Among the earnings stories for Thursday, July 17, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080717/earnings-roundup-continental-jpmorgan-chase.htm Thu, 17 Jul 2008 10:33:57 EDT Nucor Corp. on Thursday issued a third-quarter forecast that widely missed Wall Street expectations, and shares of the big steel maker dropped sharply. http://www.ibtimes.com/articles/20080717/nucor-shares-drop-on-weaker-than-expected-forecast.htm Thu, 17 Jul 2008 10:32:50 EDT