International Business News - RS 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 earnings projection stories for Friday, Nov. 21, from AP Financial News: ATLANTA (AP)--Nine days after announcing new overseas routes for 2009, Delta Air Lines Inc., the world's biggest carrier, said in a regulatory filing Friday it plans to reduce future domestic and international capacity because demand for seats has slowed amid the global financial crisis. http://www.ibtimes.com/articles/20081121/outlook-roundup-delta-cigna.htm Fri, 21 Nov 2008 14:45:31 EST Reliance Steel & Aluminum Co. said Friday its profit margins deteriorated in the first half of November as selling prices fell and economic uncertainty eroded demand. http://www.ibtimes.com/articles/20081121/reliance-steel-says-profit-margins-shrank-in-nov.htm Fri, 21 Nov 2008 10:30:37 EST Shares of aluminum companies sank Wednesday after the spot price of the commodity closed near a three-year low and an analyst revised an estimate for Alcoa Inc. from a profit to a loss and downgraded another aluminum producer's shares. http://www.ibtimes.com/articles/20081119/sector-snap-aluminum-companies-struggling.htm Wed, 19 Nov 2008 14:23:31 EST Among the earnings stories for Thursday, Oct. 16, from AP Financial News: SAN JOSE, Calif. (AP)--Cypress Semiconductor Corp. Thursday reported a loss in the third quarter due to the spinoff of its solar-panel business, and said the stock market was undervaluing the company. http://www.ibtimes.com/articles/20081016/earnings-roundup-cypress-semiconductor-reliance.htm Thu, 16 Oct 2008 19:41:59 EDT Reliance Steel & Aluminum Co.'s third-quarter profit climbed 63 percent partly due to gains from an acquisition, the company said Thursday. Net income rose to $152.5 million, or $2.07 per share, for the three months ended Sept. 30. That compares with $93.6 million, or $1.22 per share, during the same period last year. http://www.ibtimes.com/articles/20081016/reliances-3q-profit-jumps-thanks-to-acquisition.htm Thu, 16 Oct 2008 15:38:15 EDT Shares of steel producers fell Monday after an analyst said declining prices for scrap metal, an important feedstock for many companies, may force producers to cut their prices. http://www.ibtimes.com/articles/20080908/sector-wrap-steel-producers-shares-retreat.htm Mon, 08 Sep 2008 15:48:21 EDT Shares of Reliance Steel & Aluminum Co. rose Tuesday after an analyst increased his earnings estimate for the recently enlarged company. On Aug. 4 the Los Angeles-based company completed its $340 million acquisition of PNA Group Holding Corp., a steel service center company, and arranged financing for the deal. Reliance assumed $725 million of PNA's debt. PNA buys steel and then processes and distributes it for industrial and commercial customers. http://www.ibtimes.com/articles/20080819/reliance-steel-aluminum-gains-on-analyst-note.htm Tue, 19 Aug 2008 19:16:41 EDT Metal products distributor Earle M. Jorgensen Co. plans to invest about $6 million to open a distribution facility in a Virginia county, creating 16 jobs. http://www.ibtimes.com/articles/20080815/metals-distribution-center-to-be-opened-in-va.htm Fri, 15 Aug 2008 12:40:41 EDT Reliance Steel & Aluminum Co. said Monday it completed its acquisition of PNA Group Holding Corp., a steel service center company, and arranged financing for the deal. http://www.ibtimes.com/articles/20080804/reliance-steel-aluminum-buys-pna-group-holding.htm Mon, 04 Aug 2008 09:53:25 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 Reliance Steel & Aluminum Co. said Friday it has canceled a previously announced stock offer of around 6.8 million shares because of market conditions. http://www.ibtimes.com/articles/20080725/reliance-steel-cancels-6-8-million-share-offering.htm Fri, 25 Jul 2008 07:28:56 EDT Standard & Poor's Inc. included 4 U.S. materials companies among 73 companies based in the United States that made its annual Global Challengers, a list released Wednesday of mid-sized companies that show the "highest growth characteristics." http://www.ibtimes.com/articles/20080723/s-p-names-4-us-materials-companies-likely-to-grow.htm Wed, 23 Jul 2008 16:49:01 EDT Reliance Steel & Aluminum Co., which processes and sell products to aerospace, energy and construction companies, said Tuesday its board declared a regular quarterly cash dividend of 10 cents. http://www.ibtimes.com/articles/20080722/reliance-steel-declares-10-cent-dividend.htm Tue, 22 Jul 2008 11:19:27 EDT Among the earnings stories for Thursday, July 17, from AP Financial News: DES MOINES, Iowa (AP)--Shares of office furniture and home fireplace manufacturer HNI Corp. rose nearly 30 percent Thursday, after the company reported better-than-expected profit. http://www.ibtimes.com/articles/20080717/earnings-roundup-hni-td-ameritrade.htm Thu, 17 Jul 2008 18:10:56 EDT Reliance Steel & Aluminum Co., which processes and sells products to aerospace, energy and construction companies, said Thursday its fiscal second-quarter profit rose 28 percent due in part to high carbon steel prices. http://www.ibtimes.com/articles/20080717/reliance-steel-profit-grows-28-percent-in-2q.htm Thu, 17 Jul 2008 16:26:27 EDT Reliance Steel & Aluminum Co., which processes and sells products to the aerospace, energy and construction companies, said Thursday it plans a public offering of 6.8 million common shares. http://www.ibtimes.com/articles/20080717/reliance-steel-to-offer-6-8-million-common-shares.htm Thu, 17 Jul 2008 11:11:36 EDT AK Steel Holding Corp. said Tuesday it is raising spot market prices for its carbon steel products by $50 per ton for all new orders, effective Sept. 1. http://www.ibtimes.com/articles/20080715/ak-steel-hikes-prices-for-carbon-steel-products.htm Tue, 15 Jul 2008 10:18:33 EDT Shares of steel producers rose Monday after an analysis of the sector concluded that the price of the commodity has significantly further to climb. Barclays Capital analyst Amrita Sen said demand for the commodity has yet to peak--which means this year's price increases will likely be followed by more such gains. http://www.ibtimes.com/articles/20080630/sector-snap-analyst-says-steel-prices-yet-to-peak.htm Mon, 30 Jun 2008 15:01:14 EDT Among the earnings projection stories for Tuesday, June 24, from AP Financial News: LOS ANGELES (AP)--Steel processor Reliance Steel & Aluminum Co. on Tuesday boosted its second-quarter guidance, citing larger and faster-than-expected increases in carbon steel product prices. http://www.ibtimes.com/articles/20080624/outlook-roundup-reliance-steel-conagra.htm Tue, 24 Jun 2008 10:39:40 EDT Steel processor Reliance Steel & Aluminum Co. on Tuesday boosted its second-quarter guidance, citing larger and faster-than-expected increases in carbon steel product prices. http://www.ibtimes.com/articles/20080624/reliance-steel-boosts-2q-profit-prediction.htm Tue, 24 Jun 2008 09:20:24 EDT