On Monday, United States Steel Corporation (NYSE:X)’s shares inclined 4.87% to $8.40.
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.
The postponement of the construction EAF will not impact the company’s ability to serve its customers across all sectors as U. S. Steel will continue to operate the Fairfield pipe mill, and its steelmaking operations in Indiana, Michigan and Pennsylvania. Fairfield’s #5 coating line and the Double G hot-dip galvanizing joint venture in nearby Jackson, Miss. will continue to operate.
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).
Hilton Worldwide Holdings Inc (NYSE:HLT)’s shares dropped -0.42% to $21.37.
An iconic hotel that has hosted numerous dignitaries, presidents and celebrities, the historic Amway Grand Plaza recently joined Curio – A Collection by Hilton. As Hilton Worldwide’s (HLT) rapidly-expanding global collection of distinctive upscale and luxury hotels, Curio caters to passionate travelers seeking local discovery and authentic experiences. Located in downtown Grand Rapids, the Amway Grand Plaza, Curio Collection by Hilton is owned and managed by AHC+Hospitality.
“This iconic property serves as a hot-spot for residents, business and leisure travelers thanks to its distinctive features that comprise the original architecture and design, in addition to world-class dining options,” said Dianna Vaughan, global head, Curio – A Collection by Hilton. “We’re thrilled to welcome this intriguing hotel to the Curio collection that not only has a deep history in the Grand Rapids community, but one located at the heart of the best this beautiful city has to offer.”
Originally opened in 1913 as The Pantlind, the hotel comprised of one of the world’s largest gold-leaf ceilings in the lobby and is honored to now be recognized as a Historical Hotel of America. As a National Trust for Historic Preservation, Historic Hotels of America recognizes hotels for faithfully maintaining their authenticity, sense of place and architectural integrity. Its distinguished history paved the way for the new Amway Grand Plaza, which reopened in 1981. Recently, the hotel combines the graceful heritage of The Pantlind with the modern Glass Tower – which reopened in 2014 following a $14 million renovation featuring classic and contemporary design for recently’s modern traveler.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under the Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations brands.
Republic Airways Holdings Inc. (NASDAQ:RJET)‘s shares dipped -2.05% to $4.29. The last trading range of Republic Airways Holdings Inc. (NASDAQ:RJET) ranges between $4.28 and $4.50. The EPS of the company stands at $0.50. The 52-week range shows that the stock reached higher at $15.36 while its lower range is $1.97 in the last 52-weeks. The average volume of the company is at 992,599 million with the Outstanding Shares of 50.90 million. The market capitalization of the company is $222.94 billion. The Beta of the company stands at 0.93 with the RSI (Relative Strength Index) of 42.52.
Republic Airways Holdings Inc., through its auxiliaries, provides planned passenger services. The company offers planned passenger service on about 1,229 flights daily to about 101 cities in the U.S. and Canada. It provides fixed-fee regional airline services under United Express, Delta Connection, or US Airways Express/American Eagle.
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