On Tuesday, Shares of AK Steel Holding Corporation (NYSE:AKS), gained 1.57% to $2.27.
AK Steel (AKS) supports the U.S. Department of Commerce’s preliminary determinations on December 22, 2015, that imports of corrosion-resistant steel (“CORE”) from China are being sold at less-than-fair value (“dumped”) in the United States. India, Italy, and South Korea were also found to be dumping, and as a result, the U.S. Department of Commerce will instruct U.S. Customs and Border Protection to start requiring U.S. importers of CORE from these countries to deposit estimated anti-dumping duties at the time of importation.
With respect to Taiwan, the Commerce Department preliminarily found that the margin of dumping was zero. However, the Commerce Department’s investigation continues with respect to certain recently-discovered issues that the Commerce Department had insufficient time to address before the preliminary determination. Thus, depending on the Commerce Department’s findings during the remainder of the investigation, its final determination with respect to imports from Taiwan ultimately could be affirmative.
AK Steel also noted that the Commerce Department reached affirmative preliminary critical circumstances findings with respect to certain foreign producers of CORE in China, South Korea, and Taiwan. As a result of this critical circumstances determination, the Commerce Department can impose provisional anti-dumping duties on imports of CORE from China and South Korea retroactively starting from 90 days before its publication of the preliminary determination in the Federal Register. Because the preliminary determination for Taiwan was negative, no provisional duties will be collected.
AK Steel Holding Corporation, through its partner, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, counting coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms.
Shares of Solar City Corp (NASDAQ:SCTY), declined -3.06% to $49.74, during its last trading session.
Solar City, declared that as a result of the decision by the Nevada Public Utilities Commission to severely undermine Nevadans’ ability to go solar, the company is ceasing solar sales and installation in the state effective right away.
“This is a very difficult decision but Governor Sandoval and his PUC leave us no choice. The people of Nevada have consistently chosen solar, but yesterday their state government decided to end customer choice, damage the state’s economy, and jeopardize thousands of jobs,” said Solar City CEO Lyndon Rive. “The PUC has protected NV Energy’s monopoly, and everyone else will lose. We have no alternative but to cease Nevada sales and installations, but we will fight this flawed decision on behalf of our Nevada customers and employees.”
Governor Sandoval’s Office of Economic Development assisted bring Solar City to Nevada in 2013, and encouraged the company to create local jobs. Accepting the Governor’s invitation, the company expanded to Nevada and has hired more than 2,000 local workers in just over two years. The state also created a rebate program to entice Nevadans to go solar, and many chose to do so. The rooftop solar industry assisted Nevada become number one in the nation in solar jobs per capita in 2014. With abundant sunshine and a populace eager to adopt solar energy and save on electricity bills, the industry was poised to become a cornerstone of the state’s innovation economy.
Solar City Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; mounting hardware for photovoltaic panels; and related software, in addition to develops a proprietary battery administration system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators.
Finally, Johnson & Johnson (NYSE:JNJ), ended its last trade with 0.78% gain, and closed at $104.03.
Johnson & Johnson (JNJ) will take part in the 34th Annual JP Morgan Health Care Conference on Monday, Jan. 11, at the Westin St. Francis in San Francisco. Alex Gorsky, Chairman of the Board of Directors and Chief Executive Officer, will represent the Company in a session planned at 2:30 p.m. (Pacific Time)/5:30 p.m. (Eastern Time).
Johnson & Johnson, together with its auxiliaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment offers baby care products under the JOHNSONS brand name; oral care products under the LISTERINE brand name; skin care products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSONS Adult, LE PETITE MARSEILLAIS, LUBRIDERM, NEUTROGENA, and RoC brand names; women’s health products, such as sanitary pads under the STAYFREE and CAREFREE, and o.b. tampon brand names; wound care products, counting adhesive bandages and first aid products under the BAND-AID and NEOSPORIN brand names; and nutritional products comprising no calorie sweetener under the SPLENDA brand name.
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