Insights about U.S. Stocks that landed in the Red-Zone during Tuesday’s trade, are depicted underneath:
Arch Coal Inc (NYSE:ACI)’s shares dwindled - 6.20%, and closed at $1.21, during the last trading session.
Arch Coal Inc. (ACI), declared that James A. Sabala, 60, has been elected to its board of directors, effective right away. Sabala will serve on the board’s audit and finance committees.
Sabala presently serves as the senior vice president and chief financial officer of Hecla Mining Corporation, a precious metal mining corporation headquartered in Coeur d’Alene, Idaho. Preceding to joining Hecla in 2008, Sabala served as executive vice present and chief financial officer for Coeur d’ Alene Mines Corporation and vice president and chief financial officer for Stillwater Mining Corporation. Sabala also held various other positions with Coeur d’Alene Mines counting controller, treasurer and vice president of finance. Early in his career, Sabala worked as a certified public accountant for Price Waterhouse and Corporation.
Sabala accomplished Stanford University’s Executive Education Financial Administration program, a joint Stanford and London School of Business’ International Investment Administration program and earned a Bachelor of Science degree in business and accounting from the University of Idaho. In addition, Mr. Sabala serves on the Advisory Board to the University of Idaho College of Business.
Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2013, it operated or contracted out the operation of 22 mines, and owned or controlled about 5.3 billion tons of proven and probable recoverable reserves.
AK Steel Holding Corporation (NYSE:AKS), declined - 6.02%, and closed at $4.06.
AK Steel Holding Corporation (AKS), formerly on February 23, declared that it will build a new, world-class Research and Innovation Center in Middletown, Ohio. The 120,000 square foot facility will be constructed on a 15-acre site located in the Cincinnati – Dayton growth corridor along Interstate 75. The estimated project cost is $36 million.
The new Research and Innovation Center will replace the corporation’s existing research facility that is located at another site in Middletown. AK Steel’s largest steel manufacturing plant is also in Middletown, and the corporation’s corporate headquarters is in nearby West Chester, Ohio, a northern suburb of Cincinnati.
Mr. Wainscott noted, “Our talented researchers, scientists and engineers are already working to develop such innovative products as next-generation Advanced High Strength Steels to assist automotive customers design lighter, more fuel-efficient vehicles that maintain superior strength and safety performance, high efficiency electrical steels that will assist the nation’s electricity grid become more energy-efficient, and new stainless steels that offer superior corrosion resistance for a wide variety of applications. The new research and innovation center will enhance our capabilities to bring these products to the marketplace.”
The new facility will be home to the corporation’s about 75 researchers, scientists and engineers who will perform cutting-edge research, applications engineering, advanced engineering, product development, and customer technical services. The facility will also house pilot lines that simulate the corporation’s steel manufacturing operations, ranging from melting and casting, to hot- and cold-rolling, to final finishing. The pilot lines are used for research, enhancing existing products, problem-solving in production, and experimentation for new and improved products.
AK Steel said groundbreaking for its new research and innovation center is planned for the late spring or early summer of 2015. The project is subject to final state and local government approvals.
AK Steel is a world leader in the production of flat-rolled carbon, stainless and electrical steel products, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets.
Aeropostale Inc (NYSE:ARO) dipped - 6.00%, and closed at $4.07.
Aéropostale, Inc. (ARO), a mall-based specialty retailer of casual and active apparel for young women and men, will be holding its quarterly earnings conference call for all interested parties on Thursday, March 12, 2015 at 4:15 PM (ET).
Aeropostale®, Inc. is a primarily mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale® stores and 4 to 12 year-olds through its P.S. from Aeropostale® stores.
Tri Pointe Homes Inc (NYSE:TPH) dropped -5.78%, and closed at $14.99.
TRI Pointe Homes, Inc. (TPH), declared results for the fourth quarter and full year ended December 31, 2014.
On July 7, 2014, TRI Pointe consummated the formerly declared merger with Weyerhaeuser Real Estate Corporation (“WRECO”). Before the merger, WRECO was an indirect wholly-owned partner of Weyerhaeuser Corporation engaged in homebuilding and related activities through five operating auxiliaries. The merger was accounted for as a “reverse attainment” of TRI Pointe by WRECO. As a result, legacy TRI Pointe’s financial results are only comprised of in the combined corporation’s financial statements from the closing date forward and are not reflected in the combined corporation’s historical financial statements, except for legacy TRI Pointe’s ordinary stock. Accordingly, legacy TRI Pointe’s financial results are not comprised of in the Generally Accepted Accounting Principles (“GAAP”) results for any periods preceding to the closing.
The Corporation has appended Supplemental Combined Corporation Information to this press release to provide supplemental financial and operational information of the combined corporation that is “Adjusted” to comprise legacy TRI Pointe’s standalone operations for the relevant periods preceding to the merger.
TRI Pointe Homes, Inc. designs, constructs, and sells single-family homes. The corporation also attains and develops land. It operates a portfolio of six brands across eight states, counting Maracay Homes in Arizona, Pardee Homes in California and Nevada, Quadrant Homes in Washington, Trendmaker Homes in Texas, TRI Pointe Homes in California and Colorado, and Winchester homes in Maryland and Virginia.
