Steel Output Mounting The Steel industry, which consists of companies engaged in the extraction of iron ore and coke coal for the processing of iron and steel, has the major chunk of sales concentrated with a few producers. The industry includes metal ore exploration and mining services, iron and steel foundries for smelting, rolling, forging, spinning, recycling, stamping, polishing and plating of iron and steel products such as pipes, tubes, wire, spring, rolls and bars. The largest drivers of steel consumption have historically been the automotive and construction markets, which make up more than 50% of total steel consumption. Other steel consuming industries include appliances, converters, containers, tin, energy, electrical equipment, agricultural, domestic and commercial equipment and industrial machinery. Large automakers such as General Motors, Ford Motor Company ([url=http://www.zacks.com/stock/quote/f]F[/url]), Toyota Motor Corporation ([url=http://www.zacks.com/stock/quote/tm]TM[/url]) and Honda Motor Company ([url=http://www.zacks.com/stock/quote/hmc]HMC[/url]) depend upon the steel industry. ArcelorMittal ([url=http://www.zacks.com/stock/quote/mt]MT[/url]) is ...

We have just received a copy of an open letter from Amnesty International Canada to Canadian Prime Minister Stephen Harper in advance of his upcoming trip to the forthcoming APEC meeting in Singapore, followed by a visit to India. The letter urges Prime Minister Harper to uphold Canada's well-known reputation as a staunch human rights supporter by raising concerns with and presenting recommendations to Singapore authorities regarding the case of Dr. Chee Soon Juan and other civil society representatives and to address ongoing human rights challenges in India. Below is an excerpt from the letter, followed by a link that will allow you access to the letter in full.

Singapore has two realities: its appearance as a progressive country with regular elections and economic success; and its record of human rights violations designed

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For Immediate Release

Chicago, IL – October 28, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BP plc (BP), ExxonMobil (XOM), Chevron (CVX), U.S. Steel Corp. (X) and POSCO (PKX).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s AnalystBlog:

BP Tops on Better Cost Control

BP plc (BP) reported its third quarter 2009 results of $1.71 per ADS (American Depositary Share), beating the Zacks Consensus Estimate of $1.14 on the back of stronger cost controls and increased upstream volumes. However, in comparison with the year-earlier results, earnings fell approximately

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According to the data released by the World Steel Association (WSA), global steel output increased to 107 million tons in the month of Sep 2009, down marginally (0.6%) from the same month of the previous year. Month-on-month, steel output improved slightly from 106.5 million tons. World crude steel production has continued to show a steady increase since Apr 2009.  Steel production had reached its highest level in July this year on the back of a moderate rise in demand and the resumption of idled facilities by producers. Total output of 103.9 million tons was an improvement of 4% from 99.8 million tons produced in the last month, but down 11.1% year over year.  All major steel producing countries such as China, Japan, Germany, the U.S., Brazil, Turkey, Russia and Ukraine showed peak monthly figures so far this year. Production in the Middle East, where demand was buoyant ...

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Friday October 23, 2009

DrStockPick.com Stock Report!

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Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has signed a Letter of Intent with Tactical Connections Inc. to provide various financial services to major tier one US, Canadian and European manufacturing and retail industries.

Shaw Communications Inc. (NYSE: SJR) announced today that it has been granted approval by the CRTC to acquire Mountain Cablevision Limited in Hamilton, Ontario making Shaw the largest cable company in Canada.

The Board of Directors of The Finish Line, Inc., (Nasdaq:

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Tuesday October 20, 2009

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Power3 Medical Products, Inc. (OTCBB: PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests, announces further international recognition of validity as the company’s President and CSO, Dr. Ira Goldknopf, will deliver an invited Keynote address and chair a session on “Biomarkers and Diagnostics in Personalized Medicine (Track 6-4),” at the BIT Life Sciences 2nd International Congress and Expo of Molecular Diagnostics in Beijing, China, November 19-21, 2009. The Theme of the meeting is “New Leadership of

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United States Steel Corp. (X) is restarting its blast furnace at its Hamilton, Ontario plant as steel demand edges higher after a nine-month shutdown.

Demand for U.S. Steel’s flat-rolled steel has improved after bottoming in April and May, this year and is likely to improve going forward. The largest steel producer in the U.S. expects mill-operating rates to exceed 50% in the current quarter, up from 32% in the prior period.

U.S. Steel acquired the Hamilton and Nanticoke plants in Ontario from Canadian peer Stelco Inc. for about $1.1 billion in 2007. The Hamilton operation has an annual production capacity of about 2 million tons. The facility also consists of galvanizing lines and a cold mill. However, the company does not plan to restart these for now.

U.S. Steel had closed the Hamilton blast furnace in November 2008. It suspended the remaining operations at Hamilton and the Nanticoke

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Recently, Shaw Communications (SJR) announced that it has entered into a strategic agreement to acquire Mountain Cablevision Limited, based in Hamilton, Ontario and owned by the Boris Family. The Boris family has been running the business for the last fifty years, which has approximately 41,000 cable subscribers, 28,000 Internet users and 27,000 telephone customers. Shaw’s management declared that the purchase consideration will consist of cash and may also involve the issue of Class B Non-Voting Participating Shares of the company. The transaction is subject to approval by the Canadian Radio-Television and Telecommunications Commission (CRTC). The terms of the transaction were not disclosed. Shaw has a strong foothold in western Canada, and the acquisition of Mountain Cablevision will allow the company to tap the market beyond western Canada into mostly eastern Canada, where the company has lower brand recognition. The move has given Shaw a stronghold ...

PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Friday, July 17, 2009

PennyOmega.com Stock Report!

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SpongeTech(R) Delivery Systems, Inc., America’s Cleaning Company(TM), (OTCBB: SPNG ) announced that the Company has received its initial purchase order for its products from Wakefern Food Corp. (”Wakefern”), the merchandising and distribution arm for ShopRite. The products will be made available in select northeast ShopRite locations in particularly high volume areas. The Company will focus on penetrating other large national supermarket chains to help diversify revenues most effectively.

FirstEnergy Corp. (NYSE: FE) announced today that employees of its Pennsylvania Electric Company (Penelec) represented by the International Brotherhood of Electrical Workers (IBEW) Local 459 ratified a three-year contract agreement and will

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Judging from the contents of an increasing number of emails more and more investors are choosing to “actively” trade the market rather than “buy and hold.” In the main, this is due to the fact that in a bear market the latter strategy creates losses that are difficult to accept long term. However another reason is that with limited business opportunity available investors are seeking “income” rather than capital gain from their investments.

Accordingly I set out below some parameters to help these new “traders” avoid the worse pitfalls and hopefully guide them towards the mindset required for long term success.

1. Start. Markets are rational. The best theory to gain this insight is Dow Theory. Learn everything you can about Hamilton’s and Dow’s perceptions and make it part of your investment “macro-view”.

2. Due to the growing complexity in financial reporting

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