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UPDATE 4-RG Steel files Ch 11; cites steel market deterioration
Reuters* Has more than $1 bln in assets, liabilities * Selling all three of its steel plants * Cites "deterioration" of U.S. steel market * Severstal denies misrepresentation By Steve James May 31 (Reuters) - RG Steel LLC filed for Chapter 11 bankruptcy...Tags: Companies and Corporations, Marketing, U.S. Department of Justice, Bankruptcy, Symptoms
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RG Steel files Chapter 11; cites steel market deterioration
Reuters(Reuters) - RG Steel LLC filed for Chapter 11 bankruptcy protection on Thursday, saying it could not overcome the deterioration of the steel market and would sell off the three plants it bought from Russian steelmaker Severstal for $1.2 billion. RG Steel...Tags: Companies and Corporations, U.S. Department of Justice, Bankruptcy, Symptoms, Financially Distressed Companies
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U.S. steelmakers' shares drop on euro, bleak news
ReutersMay 30 (Reuters) - U.S. steelmakers' shares fell on Wednesday and analysts said it likely was due to the euro falling against the dollar, as well as other negative news for the industry. "All commodities are getting killed. I think it's probably the...Tags: NYSE, NASDAQ, Steel Dynamics Incorporated, Stock Market, Market and Exchange
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U.S. steelmakers' stocks fall on gloomy outlook
ReutersMay 16 (Reuters) - Shares in U.S. steelmakers fell on Wednesday and analysts said it was likely related to a major iron-ore producer warning that commodity markets could cool further amid the Euro zone crisis and uncertainty over the global economy. On...Tags: NYSE, Commodity Markets, Steel Dynamics Incorporated, BHP Billiton Plc., Stock Market
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20 Tons of Steel Stolen on Flatbed Truck
Twitter: @AHammond_WREG3FAST FACTS: - Kenneth Le Sure dropped his semi off at a Brooks Rd. repair shop to get fixed - Someone stole the semi’s trailer and its cargo - Cargo is estimated to be worth hundreds of thousands of dollars (Memphis 1/9/2012) Kenneth Le Sure has...Tags: Austin (Chicago, Illinois), Theft
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Natural gas price plunge aids families, businesses
NEW YORK (AP) -- The price of natural gas is plummeting at a pace that has caught even the experts off guard.
A 35 percent collapse in the futures price over the past year has been a boon to homeowners who use natural gas for heat and appliances and to...Tags: Natural Gas, Chemicals, Environmental Politics, Companies and Corporations, Plant Openings
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Starbucks CEO campaigns to end Washington gridlock
ReutersStarbucks Corp Chief Executive Howard Schultz called on Americans on Tuesday to deluge U.S. lawmakers with demands to end the partisan gridlock that he said is paralyzing Washington. Schultz also urged lawmakers to focus on issues such as job creation...Tags: JC Penney Company Inc., Unemployment, AOL LLC, Starbucks Corp., Corporate Officers
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Nucor Employees From Indiana Bring Relief Supplies as Decatur Plant Remains Disabled
WHNT NEWS 19 Anchor/ReporterNucor in Decatur expected to resume operations Tuesday, but no luck. The company essentially shut down due to the tornadoes on April 27th and has been losing an untold amount of money ever since. Despite that, Tuesday morning Nucor sent staff from its...Tags: Companies and Corporations, Employees, Labor Legislation
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Louisiana, Mississippi Economic Competition
Associated PressIn the view of many economists, the national economy is headed for a more upbeat performance in 2011, albeit jobs are expected to grow at a slow rate and unemployment is likely to remain at uncomfortably high levels. Into this scenario step Louisiana...Tags: Executive Branch, Bobby Jindal, New Orleans, ConAgra Foods Incorporated, NASA
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Steel Business Is Slowing
ABC26 NewsSteelmaker Nucor Corp., which is considering a site in southeastern Louisiana for a $2 billion pig iron plant, says business is slowing and the company believes the economy has returned to uncertainty. The Charlotte, N.C.-based company said Tuesday...Tags: Charlotte
Aug 13, 2010
|Resource Link| Baltimore Sun
May 31, 2012
|Story| Reuters
May 31, 2012
|Story| Reuters
May 30, 2012
|Story| Reuters
May 16, 2012
|Story| Reuters
Feb 22, 2012
|Story| Associated Press
Jan 9, 2012
|Story| WREG
Jan 16, 2012
|Story| Petoskey News
Sep 7, 2011
|Story| Reuters
May 24, 2011
|Story| WHNT
Jan 3, 2011
|Story| WGNO-LTV
Sep 14, 2010
|Story| WGNO-LTV
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