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UnitedStatesSteel


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U.S. STOCKS Morgan Stanley, Intel, Guardant

BUZZ-U.S. STOCKS ON THE MOVE-Morgan Stanley, Intel, Guardant Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq Composite was set to plunge into a correction on Friday, falling more than 10% from its July peak after weak employment numbers aggravated worries of a slowdown in the U.S.
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U.S. STOCKS Intel, Nvidia, Chevron

BUZZ-U.S. STOCKS ON THE MOVE-Intel, Nvidia, Chevron Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were poised to slump at the open on Friday after weak employment numbers exacerbated worries of a slowdown in the U.S.
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U.S. Steel falls after dour Q3 profit view on lower spot prices

BUZZ-U.S. Steel falls after dour Q3 profit view on lower spot prices ** United States Steel Corp's shares X.N fall 4.1% to $39.00 premarket ** Thursday, after the bell, co flagged the impact of lower spot prices on Q3 earnings across all its segments ** Co reported 56% yoy fall in Q2 per-share adjusted profit and ~18% yoy fall in Q2 net sales; however, beat Wall Street estimates for both ** "The beat is entirely due to earnings in the Flat-Rolled segment almost doubling sequentially as the impac
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United States Steel Corp reports results for the quarter ended in June - Earnings Summary

United States Steel Corp reports results for the quarter ended in June - Earnings Summary United States Steel Corp X.N reported quarterly adjusted earnings of 84 cents​​ per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of $1.92. The mean expectation of eight analysts for the quarter was for earnings of 77 cents per share.
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Nippon Steel Vice Chairman - We Believe With A High Degree Of Certainty That We Can Complete Planned Acquisition Of U.S. Steel

BRIEF-Nippon Steel Vice Chairman - We Believe With A High Degree Of Certainty That We Can Complete Planned Acquisition Of U.S. Steel Aug 1 (Reuters) - Nippon Steel Corp 5401.T : NIPPON STEEL VICE CHAIRMAN: WE BELIEVE WITH A HIGH DEGREE OF CERTAINTY THAT WE CAN COMPLETE PLANNED ACQUISITION OF U.S. STEEL NIPPON STEEL VICE CHAIRMAN: STEADY PROGRESS IS BEING MADE IN THE REVIEW OF U.S.
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Japan's Nippon Steel raises full-year profit forecast, confident on US Steel deal

CORRECTED-UPDATE 2-Japan's Nippon Steel raises full-year profit forecast, confident on US Steel deal In Aug. 1 story, corrects Nippon Steel's commitment to "until" the current agreement expires, not "even after", in paragraph 9 Boosts annual profit f'cast by Y40 bln Dialogue with 700 stakeholders fostered deal understanding Sees former U.S. Secretary of State Pompeo as a strong advisor By Yuka Obayashi and Katya Golubkova TOKYO, Aug 1 (Reuters) - Japan's biggest steelmaker Nippon Steel 5401.T on
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions July 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** Egyptian microfinance lending and payments company MNT-Halan's recent purchase of Turkey's biggest nonbank microleasing company will help develop its factoring business in Egypt while expanding consumer credit in Turkey, its chief executive said.
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United States Steel Corp <X.N> expected to post earnings of 77 cents a share - Earnings Preview

United States Steel Corp expected to post earnings of 77 cents a share - Earnings Preview United States Steel Corp X.N , X is expected to show a fall in quarterly revenue when it reports results on August 1 for the period ending June 30 2024 The Pittsburgh Pennsylvania-based company is expected to report a 19.7% decrease in revenue to $4.02 billion from $5.01 billion a year ago, according to the mean estimate from 6 analysts, based on LSEG data.
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Pennsylvania governor says cannot support Nippon-US Steel merger

Pennsylvania governor says cannot support Nippon-US Steel merger PHILADELPHIA, July 30 (Reuters) - Pennsylvania Governor Josh Shapiro said on Tuesday that he cannot support Nippon Steel's 5401.T bid to buy U.S. Steel X.N in its current form because the United Steelworkers union is unhappy with the merger. Shapiro, who is a contender to be Vice President Kamala Harris' Democratic Party running mate in the November U.S.
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Nippon Steel to dissolve JV with China's Baoshan after 20 years

UPDATE 4-Nippon Steel to dissolve JV with China's Baoshan after 20 years Recasts with Nippon Steel's confirmation in paragraphs 1, 2 and 6-7; Baoshan's statement in paragraph 2; updates throughout By Katya Golubkova and Amy Lv TOKYO, July 23 (Reuters) - Nippon Steel 5401.T will dissolve its joint venture with China's Baoshan Iron & Steel 600019.SS , it said on Tuesday, ending two decades of cooperation when their existing shareholders' agreement expires at the end of August.
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German tax revenue rose 6.2% in June

German tax revenue rose 6.2% in June By Maria Martinez BERLIN, July 23 (Reuters) - Germany's federal and regional state governments' tax revenue rose strongly in June compared with the same month last year, the finance ministry said on Tuesday. The federal and state governments' tax revenue increased by 6.2% year-on-year to a total of 91.7 billion euros ($99.85 billion) in June, according to the ministry's monthly report.
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With no big deal safe, investment bankers move to safeguard fees

ANALYSIS-With no big deal safe, investment bankers move to safeguard fees Bankers push for fees on deals that regulators thwart Top banks seek up to 25% of breakup fees Fairness opinion fees rise to 20-25% of success fees By Anirban Sen NEW YORK, July 22 (Reuters) - Investment bankers are changing how they ask to be paid in a bid to preserve and boost fee revenue they generate from advising companies on mergers and acquisitions, as more big deals face challenges by regulators.
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Nippon Steel hires Mike Pompeo to advise on U.S. Steel deal

UPDATE 1-Nippon Steel hires Mike Pompeo to advise on U.S. Steel deal Updates with Nippon Steel's confirmation in paragraphs 1-3, background in paragraph 6, 8 TOKYO, July 20 (Reuters) - Japan's biggest steelmaker, Nippon Steel Corp. 5401.T , has hired former U.S. Secretary of State Mike Pompeo to help with its effort to acquire U.S. Steel X.N , the Japanese company said on Saturday.
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Nippon Steel hires Pompeo to help clinch purchase of US Steel - Bloomberg News

MEDIA-Nippon Steel hires Pompeo to help clinch purchase of US Steel - Bloomberg News -- Source link: https://tinyurl.com/2st3rs95 -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Steel Dynamics quarterly profit nearly halves on weak steel pricing

Steel Dynamics quarterly profit nearly halves on weak steel pricing July 17 (Reuters) - Steel Dynamics STLD.O on Wednesday reported a drop of 47% in second-quarter profit, amid declining domestic steel prices. Oversupply in the market, stemming from both domestic production and imports, has led steel distributors to refrain from purchases beyond immediate inventory needs.
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J.P. Morgan lifts PTs of Steel Dynamics, US Steel ahead of Q2 results

BUZZ-J.P. Morgan lifts PTs of Steel Dynamics, US Steel ahead of Q2 results ** J.P. Morgan lifts PTs of steelmakers Steel Dynamics STLD.O to $120 from $118 and U.S. Steel X.N to $43 from $40 ** Brokerage sees steel companies in the U.S. reporting results in line or above their mid-quarter forecasts ** STLD's diverse product offering and downstream b
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US steelmakers brace for tepid quarterly profit, further price declines

PREVIEW-US steelmakers brace for tepid quarterly profit, further price declines By Aatreyee Dasgupta July 16 (Reuters) - Top U.S. steelmakers are expected to post a decline in second-quarter earnings and could face additional pressure from a further retreat in steel prices heading into a slow summer season, according to analysts. Nucor NUE.N , Steel Dynamics STLD.O and U.S.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Updates Macy's July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday: ** Macy's M.N scrapped talks with an investor group comprising Arkhouse Management and Brigade Capital that had offered to acquire the department store chain for $6.9 billion, sending its shares down 15%.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Macy's M.N has ended its buyout discussions with Arkhouse Management and Brigade Capital, saying that their raised offer lacked the certainty of financing and did not provide compelling value, sending its shares down 15% in early trading.
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Cleveland-Cliffs to buy Canadian steelmaker Stelco for $2.8 billion

UPDATE 4-Cleveland-Cliffs to buy Canadian steelmaker Stelco for $2.8 billion Adds CEO and analyst comment in paragraph 3, 7, updates shares in paragraph 5 By Aatreyee Dasgupta and Nathan Gomes July 15 (Reuters) - Cleveland-Cliffs CLF.N will buy Canadian steelmaker Stelco Holdings STLC.TO for C$3.85 billion ($2.8 billion), it said on Monday, marking its first acquisition since a failed bid for rival U.S.
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