On Tuesday, United States Steel Corporation (NYSE:X)’s shares inclined 8.19% to $9.11.
United States Steel Corporation (NYSE:X) ) declared that it will postpone construction of its Electric Arc Furnace (EAF) at its Fairfield Operates in Birmingham, Ala., due to continued challenging market conditions in both the oil and gas and steel industries.
On Dec. 14, 2015 oil prices hit an eight-year low in the same week that rig counts dropped by another 28 to a 16-year low of 709. The company continues to feel the effect of these energy market conditions, together with low steel prices and continued high levels of imports. In order to combat these continued challenging global market conditions, U. S. Steel has made the decision to postpone the construction of the 1.6 million net ton EAF facility at Fairfield Operates in Birmingham, Ala., until market conditions improve.
United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular).
WPX Energy Inc (NYSE:WPX)’s shares dropped -4.27% to $5.16. The market capitalization of WPX Energy Inc (NYSE:WPX) is $1.48 billion with the total traded volume of the company is 10.20 million. Turning to market valuation, the Price-to-Sales ratio is 0.10 and the Price-to-Book ratio is finally 0.42. The dividend yield amounts to 2.20 percent and the beta ratio has a value of 1.32.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States.
Tenet Healthcare Corp (NYSE:THC)‘s shares dipped -0.88% to $30.32.
Tenet Healthcare Corporation (THC) and Aetna (AET) signed a new, four-year agreement providing Aetna’s commercial, Medicare Advantage, Medicaid and Coventry members with in-network access to Tenet’s 87 hospitals, more than 2,130 employed physicians and 218 of the company’s outpatient centers.
“We are happy to have extended and expanded our long-standing relationship with Aetna,” said Clint Hailey, Tenet’s chief managed care officer. “It is always our aim to work collaboratively with insurance companies to bring high-quality, convenient and affordable options to its members. Aetna, our largest health plan customer, recognizes the value in having Tenet’s hospitals and other care facilities in its networks, and we look forward to continue delivering trusted services to its members.”
The new agreement is effective January 1, 2016 and comprises the newest hospitals in Tenet’s network: Baptist Health System in Birmingham, Alabama and Carondelet Health Network in Tucson, Arizona.
Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer.
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