Cleveland Cliffs Newswire

Comprehensive Real-Time News Feed for Cleveland Cliffs.

Results 1 - 20 of 1,321 in Cleveland Cliffs

  1. Analyst Update: American International Group Inc, Cliffs Natural...Read the original story

    16 hrs ago | SchaeffersResearch.com

    Specifically, AIG's 10-day International Securities Exchange , Chicago Board Options Exchange , and NASDAQ OMX PHLX put/call volume ratio of 1.04 sits just 8 percentage points from a 52-week peak. CLF was hit with a downgrade to "sell" from "neutral" -- as well as a price-target cut to $5 -- at Citigroup earlier, but has nonetheless added 1.1% to hover near $8.84.

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  2. Citi Downgrades Cliffs Natural ResourcesRead the original story w/Photo

    18 hrs ago | Benzinga

    Citi downgraded Cliffs Natural Resources Inc. from Neutral to Sell and lowered its price target from $16 to $5 in a report issued Monday. Analyst Brian Yu noted that iron ore prices continued to remain weak and at "$80/tonne iron ore, the company will likely need to shutter production in both Canada and Australia to avoid EBITDA losses."

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  3. Cliffs Natural Resources: Now You Tell MeRead the original story w/Photo

    19 hrs ago | Barron's

    Cliffs Natural Resources has plunged nearly 70% this year-which means that another analyst must have decided that it was the perfect time to downgrade its shares. The analyst in question: Citigroup's Brian Yu , who slashed his rating on Cliffs Natural Resources to Sell from Neutral.

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  4. How Will Cliffs Natural Resources (CLF) Stock React to This Analyst Action Today?Read the original story w/Photo

    19 hrs ago | TheStreet.com

    Your browser is not supported. Please upgrade to one of the following browsers: Google Chrome Mozilla Firefox Apple Safari Microsoft Internet Explorer 8+ You may proceed to the site by clicking here , however some pages might not work correctly.

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  5. 's Top DowngradesRead the original story w/Photo

    20 hrs ago | Benzinga

    Analysts at Deutsche Bank downgraded Mead Johnson Nutrition Company from Buy to Hold. The price target for Mead Johnson Nutrition is set to $103.

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  6. Iron Ore Risks Extending Collapse as Supply Jumps, Moody's SaysRead the original story

    20 hrs ago | The Washington Post

    The collapse in iron ore prices may have further to run as global supply increases and steel-demand growth slows, according to Moody's Investors Service, which said it may reduce ratings on producers. About 300 million metric tons of new and expanded supply will come on stream over the next few years, analysts including Carol Cowan said in an e-mailed report received today.

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  7. Short Sellers Catch Recent DownturnRead the original story w/Photo

    22 hrs ago | Seeking Alpha

    Average short interest in S&P 500 companies now stands at an 18 month high after steadily increasing in the last few months. The ten most shorted companies a month ago have fallen nearly twice as hard as the rest of the market.

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  8. Mining company teams up with First Nation for new winter roadRead the original story w/Photo

    Yesterday | Thunder Bay's Source

    One of the players still active in this Far North region is now teaming up with Marten Falls First Nation to help build a new winter road. Officials with Noront Resources hope to build its Eagle's Nest nickel mine, and the company also owns the rights to some of the chromite deposits in the rich mining area.

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  9. Markets Live: Investors fight backRead the original story w/Photo

    Sunday | The Age

    A global sharemarket rally on Friday has set the stage for a positive start to the local trading week, with the Medibank IPO prospectus due this morning. The board of contractor Transfield Services has advised shareholders to take no action in response to a cash takeover bid of $999 million for the company from Spanish infrastructure firm Ferrovial Servicios .

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  10. Iron ore price collapse claims more victimsRead the original story

    Friday Oct 17 | The Northern Miner

    Cliffs Natural Resources and London Mining have become the latest casualties of falling iron ore prices, with Cliffs declaring a US$6 billion non-cash impairment charge in the third quarter on its iron ore and coal assets, and London Mining placed into administration. London Mining says it will try to work with its administrator, PwC, to maintain its Marampa iron ore mine in Sierra Leone as a going concern, while Cliffs is working with its banking group to get an amendment that will eliminate the debt-to-capitalization covenant of 45% currently present in its revolving credit facility, as the non-cash impairment charge will increase the debt-to-capitalization ratio over that threshold.

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  11. Cliffs plans to write down $6 billion in assetsRead the original story w/Photo

    Friday Oct 17 | MarketWatch

    Cliffs Natural Resources Inc. is taking a $6 billion write-down, mostly related to the ill-timed purchase of a Canadian iron ore mine intended to supply the then-booming Chinese steel market. The hefty write-off by Cleveland-based iron ore and coal miner, announced Friday, is the latest blow to a sector reeling from a 40% drop in iron ore prices from a year earlier due largely to oversupply and slumping demand in China.

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  12. Cliffs To Take Billion Dollar Writedown With Iron Ore FallRead the original story

    Friday Oct 17 | Resource Investing News

    Cliffs Natural Resources, the largest U.S. iron ore producer, has said it expects ti take a writedown of $6 billion as iron ore prices continue to slump on the back of softening demand. The after-tax non-cash impairment will be taken for the third quarter, the Cleveland-based company said today in a statement.

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  13. Cliffs to Take $6 Billion Writedown After Iron Ore PlungeRead the original story

    Friday Oct 17 | The Washington Post

    Cliffs Natural Resources Inc., the largest U.S. iron-ore producer, said it expects to take a writedown of about $6 billion on its seaborne iron ore and metallurgical coal assets after commodity prices slumped. The after-tax non-cash impairment will be taken for the third quarter, the Cleveland-based company said today in a statement.

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  14. Cliffs Natural Resources Receives Market Perform Rating from FBR Capital MarketsRead the original story

    Friday Oct 17 | AmericanBankingNews.com

    's stock had its "market perform" rating reiterated by equities research analysts at FBR Capital Markets in a research note issued to investors on Friday. They currently have a $10.00 price objective on the stock, down from their previous price objective of $20.00.

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  15. Cliffs' Book Value Goes Away With Write-downRead the original story

    Friday Oct 17 | GuruFocus.com

    Headlines across the financial news today include a write-down of $6 billion by Cliffs Natural Resources . The write-down is on its seaborne iron ore and metallurgical coal assets as iron-ore prices have dropped more than 40 percent this year.

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  16. Cliffs Natural Resources takes $6B chargeRead the original story w/Photo

    Friday Oct 17 | Star Tribune

    Falling prices sharply reduced the value of iron ore assets for Cleveland-based Cliffs, one of the largest operators of mines in Minnesota. Cliffs Natural Resources took a $6 billion charge to account for falling prices for iron ore.

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  17. Why Cliffs Natural Resources (CLF) Stock Is Sinking TodayRead the original story w/Photo

    Friday Oct 17 | TheStreet.com

    The Cleveland-based company said the move doesn't affect cash flows, and added that its domestic iron ore business is more stable. Iron ore prices have dropped more than 40% this year, as iron ore companies continue to boost output even as global steel demand slows, Bloomberg reports.

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  18. Cliffs Natural Resources: Look Out BelowRead the original story w/Photo

    Friday Oct 17 | Barron's

    Rio Tinto is up today. So are BHP Billiton and Vale . But Cliffs Natural Resources has dropped nearly 10% today despite being in the same business.

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  19. Cliffs Natural Resources Short Thesis Under Question?Read the original story w/Photo

    Friday Oct 17 | Seeking Alpha

    Several things happened since my latest article on Cliffs Natural Resources was published. First, Cliffs entered into an agreement with the activist fund Casablanca Capital.

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  20. Cliffs Natural Resources to take $6 billion chargeRead the original story w/Photo

    Friday Oct 17 | Star Tribune

    Cliffs Natural Resources Inc., a major operator of iron ore mines in MInnesota, said it expects to take a $6 billion impairment charge on some coal and iron ore assets in the third quarter. The company, due to report quarterly results on Oct. 27, said the non-cash charge would not impact its cash flows from operations or any future operations.

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