U S Steel seeks shark repellant shareholders vote in Birmingham
US Steel asks shareholders to approve anti takeover provisions to shield the company from unsolicited bids. Proxy statement notes management seeks to stagger director terms and limit written consent while granting option rights on 2 million more shares. Analysts weigh profits from oil tied to steel gains amid Marathon Oil deal context.
MENTIONED IN THIS ARTICLE
Birmingham
Southern Steel Center Company
Metal Corp
US Steel
Marathon On Corp
Gulf Corp
Pittsburgh
T Boone Pickens Jr
Standard Oil Corp
California
US Steels
CS Steeds
CS Steel
Oland Pas
LS Steel
US Steel Tech
Abiney
National Intergroup
Inland
Italy
Opening stocks slide as markets open lower on higher rates
New York stocks opened lower amid widespread losses from retail and telecom setbacks. The Dow fell about 1.22 points to 1,041.41 in early trading as declines outpaced advances on the NYSE by more than 2 to 1. Volume reached roughly 558 million shares. The Commerce Department reported a quarterly U.S. foreign trade deficit of 25.8 billion dollars. Texaco and Standard of Indiana among notable losers in early trading.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Commerce Department
Texaco
NYSE
Amercan Stock Exchange
Mierties
Sale
StorTer
Ieee
al Az Futura
Ine
Tee
Bilson
Lita Pieree Ro
Smitha Banversen
Feyeell
Varker Hannuin
Aled Corper Iin
Ate
Aly Sibren
Antemi Casadei
Teaas
Lear Sigler
Milian
Cleveland
Mortgage rates climb to 14.11 percent in April
Mortgage rates rose in April with conventional fixed rate loans at 14.71 percent, the first time above 14 percent in six months. The Federal Home Loan Bank Board noted rates for newly built homes edged up from 13.45 percent in March, while adjustable rates rose sharply to an average 11.90 percent in April, up from 11.73 percent in March.
MENTIONED IN THIS ARTICLE
Washington
Federal Home Loan Bank Board
Sard Tt
Also Mentioned on This Page
U.S. Steel
Charles Bradford
Merrill Lynch
Pieres Fenner & Smith
Sand
Ts Stech
Marhinery
ES Steel
David Heats
Drexel Burnham Lambert Inc
Troyol
Nuppen
Japan
Marathon
Steel Accu?ting
Adrink
Jason Robards
National Council On
Alcoholism
NCA
Third Avenue
Nyn
Syx
State
Mid-Ohio Securities Corp
Lorain
Norwalk
Elyria
Spitters Park
Ploza
Broad St
Elync
Ioe
Democrat
Robert J
Lorain County
Provence
Bea
PT A
PT Hae Eed
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