On Wednesday, United States Steel Corporation (NYSE:X)’s shares declined -0.61% to $20.51.
United States Steel Corporation (X) President and CEO Mario Longhi issued the following statement in response to the passage of the Trade Promotion Authority (TPA) and Trade Adjustment Assistance (TAA) bills.
The TAA legislation clarifies the injury standard in dumping and countervailing duties cases – the interpretation and enforcement of which have been weakened and become a less-effective tool to counter 21st century trade practices mastered by foreign companies and governments. By the time ‘injury’ has occurred and can be demonstrated, our markets have already been flooded with unfairly traded goods leading to suppressed prices, plant closures and layoffs. This legislation allows American manufacturers to seek adequate and timely relief under U.S. trade laws.
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). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products. This segment serves customers in the service center, conversion, transportation, construction, container, and appliance and electrical markets. The USSE segment provides slabs, sheets, strip mill plates, tin mill products, and spiral welded pipes, in addition to heating radiators and refractory ceramic materials.
Altria Group Inc (NYSE:MO)’s shares gained 0.39% to $49.10.
Altria Group, Inc. (Altria) (MO) is hosting an investor day conference in New York City recently. Marty Barrington, Altria’s Chairman, Chief Executive Officer and President, and other members of Altria’s senior administration team will highlight Altria’s unique capabilities, its companies’ strong brands and strategies to create long-term value for shareholders.
2015 Full-Year Guidance
Altria reaffirms its guidance for 2015 full-year adjusted diluted earnings per share (EPS), which excludes the special items talk about in Plan 1, to be in the range of $2.75 to $2.80, representing a growth rate of 7% to 9% from an adjusted diluted EPS base of $2.57 in 2014, as shown in Plan 1.
The factors described in the Forward-Looking and Cautionary Statements section of this release represent ongoing risks to Altria’s forecast.
Altria Group, Inc., through its auxiliaries, manufactures and sells cigarettes, smokeless products, and wine in the United States and internationally. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, Husky, and Marlboro Snus brand names.
At the end of Wednesday’s trade, Willis Group Holdings PLC (NYSE:WSH)‘s shares dipped -0.13% to $46.81.
While competition remains intense for non-peak areas where traditional reinsurers still dominate the market, signs of reinsurance pricing stabilization are starting to emerge in peak property catastrophe zones as supply and demand starts to equalize, according to the latest 1st View Renewals Report from Willis Re, the reinsurance division of global risk advisory, re/insurance broking, and human capital and benefits firm Willis Group Holdings plc (WSH).
According to the report, the recent pricing trend across both the June 1 and July 1 2015 renewals is a result of the noteworthy enhance in demand for Floridian catastrophe capacity. Secondly, the recent swell in capacity from collateralized reinsurance markets - which has played a major role in driving pricing down in the peak zones - appears to have abated, with a number of these markets now showing pricing discipline by cutting the capacity they are prepared to offer as rates continued to soften throughout the first half of 2015.
While property catastrophe pricing competition may be cooling, the reinsurer M&A frenzy continues. The report notes that despite the unappealing short-term outlook for nearly all companies across the sector, such activity is assisting to maintain current high valuations, and despite diminishing underwriting and investment returns being delivered, investor capital continues to be attracted to the sector.
Willis Group Holdings Public Limited Company provides insurance brokerage, reinsurance, and risk administration consulting services worldwide. It provides services to aerospace clients, counting aircraft manufacturers, air cargo handlers and shippers, airport managers, and other general aviation companies; and advisory services, such as claims recovery, contract and leasing risk administration, safety services, and market information. The company also offers various insurance brokerage services, counting property damage, offshore construction, liability, and control of well and pollution insurance to the energy industry; and marine insurance and reinsurance brokerage services, such as hull, cargo, and general marine liabilities.
PepsiCo, Inc. (NYSE:PEP), ended its Wednesday’s trading session with 1.31% gain, and closed at $94.56.
Cheetos is one of the billion-dollar brands that makes up Frito-Lay North America, the $14 billion convenient foods business unit of PepsiCo (PEP).
Chester Cheetah’s boss is heading out of town for the season and while the boss is away, the Cheetah will play. Everyone’s favorite spokes-cheetah has “borrowed” keys to the boss’ fabulous beach house and has hidden them in two specially marked bags of Cheetos Mix-Ups Flamin’ Hot & Cheezy, Cheetos Flamin’ Hot Crunchy, Cheetos Puffs or Cheetos Crunchy for two lucky families to find. Once a key is found, all the finder needs to do is follow the enclosed instructions to return the key to the Cheetos brand, one of the flagship brands from PepsiCo’s Frito-Lay division. With the winning keys, doors to the beach house will be unlocked so each lucky finder can start their own flamin’ hot vacation for five nights and six flamin’ hot days in either San Diego, Calif.; Laguna Beach, Calif. or Destin, Fla.
The Cheetos Flamin’ Hot Summer sweepstakes marks the introduction of the latest flavor in Frito-Lay’s Cheetos line: Cheetos Mix-Ups Flamin’ Hot & Cheezy. It joins Cheetos Flamin’ Hot Crunchy and the original, Cheetos Crunchy snacks, Cheetos Puffs, and more, all of which promise to make this season extra hot and spicy.
PepsiCo, Inc. operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay’s potato chips, Doritos tortilla chips, Cheetos cheese-flavored snacks, Tostitos tortilla chips, branded dips, Ruffles potato chips, Fritos corn chips, and Santitas tortilla chips.
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