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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: US Steel

US Steel stories: 4 news summaries
MARKETS

 Dow Rallies on Housing; Up 214 

Financials and materials firms gain on construction spending, existing home sales

May 4, 09 3:17 PM CDT
(Newser) - Stocks rallied today on positive economic news, with the S&P 500 surpassing the psychologically significant 900 mark, the Wall Street Journal reports. Surges in construction spending and existing-home sales fueled investor optimism, with financials and materials firms pacing advances. The Dow rose 214.33 to close at 8,426.... More »

MORE ABOUT:
Dow Jones • Alcoa • construction • Nasdaq • US Steel • existing home sales • S&P 500 • financial stocks

MARKETS

 Dow Drops 125 
 With Banks, Materials 

Market awaits Alcoa earnings after close

Jan 12, 09 3:27 PM CST
(Newser) - Stocks posted losses today as financial and basic-materials firms led losses, MarketWatch reports. Alcoa, which reports earnings after the bell, fell 7.32% on expectations the steel giant will report losses of 10 cents a share. The Dow closed down 125.13 at 8,474. The Nasdaq fell 32.80... More »

MORE ABOUT:
Citigroup • Bank of America • Dow Jones • Morgan Stanley • Nasdaq • US Steel • S&P 500

Slowdown Puts Mining Outfits
in Deep Hole

China's drop in demand further drives down commodities

Nov 17, 08 8:43 AM CST
(Newser) - Mining companies are shutting down production, laying off workers, and trying to sell excess product as the global economic slowdown drills into the industry’s profits, reports the Wall Street Journal. Metal prices dropped a record 35% last month, and nearly every mineral has been hit. Mining, once an economic... More »

MORE ABOUT:
mining • Chinese economy • US Steel • auto industry • commodity prices • financial crisis

US Steel Buys Canadian Rival

$1.1B deal for Stelco consolidates market, makes Pittsburgh giant fifth largest

Aug 28, 07 6:02 AM CDT
(Newser) - US Steel's agreement to buy Canadian competitor Stelco for $1.1 billion, making it the world's fifth-largest steelmaker, is the company's second major acquisition this year, but not necessarily the last, CEO John Surma said yesterday. In the face of breakneck growth by Indian and Russian steel producers, the Pittsburgh... More »

MORE ABOUT:
merger • steel • US Steel • Stelco • John Surma

4 Stories


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