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UPDATE 1-Nippon Steel H1 profit inches up on low iron ore costs

2014-10-30 08:20:18| Steel - Topix.net

Nippon Steel & Sumitomo Metal Corp , Japan's biggest steelmaker, said on Thursday its first-half recurring profit rose 1.5 percent as lower material costs boosted margins and offset appraisal losses on its high-priced stockpiles. The world's No.2 steelmaker by output stuck to its full-year forecast of 400 billion yen in recurring profit, which is pre-tax before one-off items, compared with the 403.77 billion yen mean estimate of 16 analysts polled by Thomson Reuters I/B/E/S.

Tags: low update costs profit

Chicago Bridge & Iron: The Rebound Has Begun

2014-10-28 08:21:26| Industrial Machines - Topix.net

The catalyst for the rally was a beat on the bottom line of its earnings report with no evidence of the purchase accounting liberties that have dogged its shares. This could be the start of a powerful rally due to how hard the stock has fallen this year, a massive order backlog and a very cheap stock.

Tags: chicago bridge iron begun

Iron Range community, state lawmakers welcome 140 soldiers home

2014-10-26 07:23:59| Agriculture - Topix.net

If you visited Chisholm High School around noon Saturday, you would have found hundreds of families waiting to say: welcome back. Rosi and Larry Anderson have not seen their son Brady for one year.

Tags: home state community range

Chicago Bridge & Iron: Has The Market Overreacted To Its Troubles?

2014-10-26 00:28:44| Industrial Machines - Topix.net

Chicago Bridge and Iron is experiencing indigestion from an acquisition in 2013 which could cost it as much as $1.5B. As a result, CBI has gone from being the darling of hedge funds to being highly suspected.

Tags: to its market chicago