Steel giant ArcelorMittal SA (MT) agreed Thursday to sell Skyline Steel LCC and Astralloy Steel Products, Inc. in the NAFTA Region to Nucor Corp. (NUE) for about $605 million. The deal, which is part of ArcelorMittal’s stated strategy of selective divestment of non-core assets, is expected close by the end of the second quarter of 2012.
May 18th, 2012
Comments Off
May 18th, 2012
Comments Off
Sports apparel retailer Zumiez, Inc. (ZUMZ) reported Thursday a profit for the first quarter that increased from last year, reflecting improved margins and strong sales at established stores. Both earnings per share and quarter sales topped analysts’ expectations. The company also provided earnings guidance for the second quarter, below Street view.
May 18th, 2012
Comments Off
Marvell Technology Group Ltd. (MRVL) on Thursday reported a 36 percent decline in first-quarter profit, reflecting lower revenues and weak margins. Nevertheless, both earnings and revenue beat analysts’ estimates.
