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United States Steel Corp

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BUSINESS
July 23, 2002 | Bloomberg News
United States Steel Corp., the largest U.S. steelmaker, said it had second-quarter earnings of 28 cents a share as revenue rose. Net income was $27 million, contrasted with a net loss of $30 million, or 34 cents a share, a year earlier. Sales rose 4% to $1.81 billion. Pittsburgh-based U.S. Steel has been helped by rising steel prices because tariffs imposed in March have lessened competition from imports.
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BUSINESS
January 28, 2009 | Times Wire Reports
United States Steel Corp.'s fourth-quarter earnings soared as strong pipe sales and an acquisition-related gain boosted results, but the steel maker forecast an operating loss in the current quarter because of the global economic slowdown. The Pittsburgh-based company -- the largest U.S.-based steel producer -- said its net income jumped to $308 million, or $2.65 a share, from $35 million, or 29 cents, a year ago. The earlier quarter included charges totaling $117 million, or 98 cents a share.
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BUSINESS
January 31, 2006 | From Associated Press
United States Steel Corp. posted a sharp decline in fourth-quarter profit on lower steel prices and volume as well as an accounting change related to its Slovak operation that resulted in a one-time charge of $35 million. Including the accounting change, net income slid 76% to $109 million, or 85 cents a share, from $451 million, or $3.46, a year earlier.
BUSINESS
October 29, 2008 | Times Wire Reports
United States Steel Corp.'s quarterly profit more than tripled as higher prices led to record gains in its tubular and flat-rolled steel businesses, but the company warned that softening demand in North America and Europe would hurt results for the rest of the year. U.S. Steel Chief Executive John P. Surma said the Pittsburgh-based company turned in the most profitable quarter in its history, but warned that fourth-quarter results would decline because of "the volatile global economic climate."
BUSINESS
October 26, 1985
United States Steel Corp., the nation's largest steelmaker, said it is discussing a possible business combination with Texas Oil & Gas Corp., one of the nation's largest independent natural gas producers. An acquisition at $25 a share for Texas Oil & Gas' 210 million common shares outstanding would make the deal worth $5.2 billion. U.S. Steel spokesman William H. Hoffman Jr. said no agreement has been reached, but he declined further comment.
BUSINESS
January 25, 2005 | From Reuters
United States Steel Corp., the largest U.S. integrated steelmaker, reported a fourth-quarter profit after a loss a year earlier, citing robust worldwide steel prices and tight supplies. The Pittsburgh-based company posted earnings of $462 million, or $3.55 a share, compared with a net loss of $22 million, or 26 cents, in the same quarter of 2003, when it was hurt by expenses for retiree pension and healthcare costs. Fourth-quarter revenue soared to $3.93 billion from $2.
BUSINESS
April 27, 2002 | Reuters, Bloomberg News
United States Steel Corp., the nation's largest integrated steel maker, reported a first-quarter net loss on weak prices but forecast a profitable 2002 based on a better outlook for prices and shipments. The loss was $89 million, or 93cents a share, compared with year-earlier net income of $9 million, or 10 cents. Sales fell 8.3% to $1.43 billion, the Pittsburgh-based company said. U.S.
BUSINESS
August 28, 2007 | From the Associated Press
pittsburgh -- United States Steel Corp. is buying Canadian steel maker Stelco Inc. for about $1.1 billion in a move expected to bolster the American company's position as a supplier to the North American automotive industry. Pittsburgh-based U.S. Steel said Stelco's Lake Erie and Hamilton plants would supply finishing facilities for flat-rolled steel -- used in the auto and appliance industries -- and tubular steel used mostly in the energy sector. With the acquisition, U.S.
BUSINESS
October 29, 2008 | Times Wire Reports
United States Steel Corp.'s quarterly profit more than tripled as higher prices led to record gains in its tubular and flat-rolled steel businesses, but the company warned that softening demand in North America and Europe would hurt results for the rest of the year. U.S. Steel Chief Executive John P. Surma said the Pittsburgh-based company turned in the most profitable quarter in its history, but warned that fourth-quarter results would decline because of "the volatile global economic climate."
BUSINESS
January 28, 2009 | Times Wire Reports
United States Steel Corp.'s fourth-quarter earnings soared as strong pipe sales and an acquisition-related gain boosted results, but the steel maker forecast an operating loss in the current quarter because of the global economic slowdown. The Pittsburgh-based company -- the largest U.S.-based steel producer -- said its net income jumped to $308 million, or $2.65 a share, from $35 million, or 29 cents, a year ago. The earlier quarter included charges totaling $117 million, or 98 cents a share.
NATIONAL
October 14, 2007 | Michael Hawthorne, Chicago Tribune
Indiana is moving to scale back limits on pollutants dumped into a Lake Michigan tributary by the sprawling U.S. Steel Corp. mill in Gary, according to environmental lawyers and former federal regulators who have reviewed a proposed water permit.
BUSINESS
August 28, 2007 | From the Associated Press
pittsburgh -- United States Steel Corp. is buying Canadian steel maker Stelco Inc. for about $1.1 billion in a move expected to bolster the American company's position as a supplier to the North American automotive industry. Pittsburgh-based U.S. Steel said Stelco's Lake Erie and Hamilton plants would supply finishing facilities for flat-rolled steel -- used in the auto and appliance industries -- and tubular steel used mostly in the energy sector. With the acquisition, U.S.
BUSINESS
January 31, 2006 | From Associated Press
United States Steel Corp. posted a sharp decline in fourth-quarter profit on lower steel prices and volume as well as an accounting change related to its Slovak operation that resulted in a one-time charge of $35 million. Including the accounting change, net income slid 76% to $109 million, or 85 cents a share, from $451 million, or $3.46, a year earlier.
BUSINESS
April 27, 2005 | From Bloomberg News
Lockheed Martin Corp. said Tuesday that first-quarter profit rose 27% after margins widened in space and aircraft programs. The company raised its 2005 sales and earnings forecasts. Net income climbed to $369 million, or 83 cents a share, from $291 million, or 65 cents, a year earlier, the Bethesda, Md.-based company said. Sales rose 1.7% to $8.5 billion, the smallest gain in three years.
BUSINESS
January 25, 2005 | From Reuters
United States Steel Corp., the largest U.S. integrated steelmaker, reported a fourth-quarter profit after a loss a year earlier, citing robust worldwide steel prices and tight supplies. The Pittsburgh-based company posted earnings of $462 million, or $3.55 a share, compared with a net loss of $22 million, or 26 cents, in the same quarter of 2003, when it was hurt by expenses for retiree pension and healthcare costs. Fourth-quarter revenue soared to $3.93 billion from $2.
BUSINESS
January 31, 2004 | From Bloomberg News
U.S. Steel Corp., the biggest U.S. steelmaker, said it had a fourth-quarter loss because of costs to pay retirees, fire workers and payments related to stock options. The loss was $22 million, or 26 cents a share, contrasted with net profit of $11 million, or 10 cents, a year earlier. Sales rose 41% to $2.68 billion, helped by the acquisition of National Steel Corp., the company said.
BUSINESS
October 22, 2002
United States Steel Corp. posted a better-than-expected quarterly profit, reversing a year-earlier loss, helped by federal tariffs on imports and strong demand from the auto industry. Domestic steel prices soared this year, in part because President Bush imposed tariffs on a range of imports in an effort to prop up the ailing industry. Prices also got a lift from a falloff in U.S.
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