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.
January 25, 2005 |
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.
April 27, 2002 |
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.
August 28, 2007 |
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.
October 29, 2008 |
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."
January 28, 2009 |
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.