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Yahoo! Steel

Posts by Yahoo! Steel

Commercial Metals Company Reports Loss of $1.53 Per Share for the Second Quarter (PR Newswire)

March 24, 2010

Commercial Metals Company today reported a net loss of $173.3 million or $1.53 per diluted share, including a loss of $135.3 million or $1.19 per diluted share from continuing operations, for the quarter ended February 28, 2010.

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[$$] Rio Tinto-BHP Iron Ore JV Losing Luster (at The Wall Street Journal Online)

March 24, 2010
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[video] Heard on the Street: In China, Rio or Google? [2.8 min] (at MarketWatch)

March 23, 2010

Rio Tinto and Google reacted to conflicts with China in starkly different ways this week. Heard on the Street&os;s Andrew Peaple talks about the implications for foreign businesses in China.

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Asian Shares Higher; Nintendo Surges On 3-D Console News (at The Wall Street Journal Online)

March 23, 2010
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Northwest Pipe Receives Expected Nasdaq Notice Related to Late Filing of Form 10-K (Marketwire)

March 23, 2010
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New U.S. Healthcare Law to Result in AK Steel Recording $31 Million Non-Cash Charge in First Quarter of 2010 (PR Newswire)

March 23, 2010

AK Steel said today that it will record a non-cash charge of approximately $31 million in the first quarter of 2010 resulting from the recently-enacted Patient Protection and Affordable Care Act .  The charge is due to a reduction in the value of the company&os;s deferred tax asset as a result of a change to the tax treatment of Medicare Part D reimbursements.  The company emphasized, however, that it expects to continue to receive Medicare Part D reimbursements even after the Act and that the first quarter charge attributable to this change is non-cash in nature.  

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