Mechel Reports Decision of Extraordinary Shareholder Meeting
GlobeNewswire - Wed Mar 12, 12:30AM CDT
Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports that its extraordinary general shareholders' meeting approved the pledge of a blocking minority stake of common shares in Mechel Mining OAO, which comprises the company's mining assets, in favor of Sberbank of Russia OAO.
Ukrainian Crisis: Will Russian ADRs Take a Hit?
Louie Grint, The Motley Fool - Motley Fool - Wed Mar 05, 9:27AM CST
As you know, Ukraine is facing hard times, and this political turmoil is hammering its economy. Former president Viktor Yanukovych's refusal to enter into a free trade pact with the European Union in search of a closer relationship with Russia...
Hasty Reaction by Russia Puts Investors on Notice
James Catlin, The Motley Fool - Motley Fool - Tue Mar 04, 9:59AM CST
Unilateral action by Russia regarding Ukrainian instability has put investors on notice. It is unclear as to what Russia's end game is in Ukraine but this action spooked investors and caused a great deal of uncertainty as evidenced by a 7% midday...
Don't 'Russian' To These ADRs - Analyst Blog
David Bartosiak - Zacks Investment Research - Mon Mar 03, 4:07PM CST
With the news surrounding Russia and the Ukraine I went looking for Russian ADRs traded here in the US, searching for a strong fundamental story in the face of bad news.
Why Mechel OAO Shares Dropped Today
Travis Hoium, The Motley Fool - Motley Fool - Mon Mar 03, 3:06PM CST
What: Shares of Mechel OAO fell as much as 17% today as investors sold off Russian stocks because of a potential conflict with Ukraine. So what: The Russian ruble hit an all-time low today as Moscow postured for control of Crimea, an area of...
Mechel Down 5.3%, Shares Slide into the Red (MTL)
Comtex SmarTrend(R) - Mon Mar 03, 10:11AM CST
Mechel (NYSE:MTL) is one of today's worst performing low-priced stocks, down 5.3% to $1.80 on 2.7x average daily volume. Mechel has traded 3.1 million shares thus far today, vs. average volume of 1.2 million shares per day. The stock has underperformed the Dow (-5.3% to the Dow's -0.8%) and underperformed the S&P 500 (-5.3% to the S&P's -0.7%) during today's trading.
Terrorism Pushes Up Reinsurance Premium Rates
All Africa Global Media - Wed Feb 26, 5:13AM CST
Re-insurers have increased premium rates for terrorism by between 10 and 40 per cent. Heritage Insurance executive director, Joseph Kyungu said the rise was occasioned by the frequent terrorism attacks in the country but moreso the Westgate Mall attack.
Mechel Successfully Tests New Coal Export Terminal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Feb 13, 6:00PM CST
Russian mining company Mechel OAO said that it has successfully tested a new coal export terminal at Primorye Region's Port Posiet.
Traders Get Bullish on Shares of Mechel, Shares Up 5.4% (MTL)
Comtex SmarTrend(R) - Wed Feb 12, 12:46PM CST
Mechel (NYSE:MTL) is one of today's best performing low-priced stocks, up 5.4% to $2.15 on 1.3x average daily volume. Mechel has traded 1.3 million shares thus far today, vs. average volume of 1.1 million shares per day. The stock has outperformed the Dow (5.4% to the Dow's -0.1%) and outperformed the S&P 500 (5.4% to the S&P's 0.1%) during today's trading.
Mechel Reports Successful First Tests of New Coal Export Terminal at Trade Port Posiet
GlobeNewswire - Wed Feb 12, 6:30AM CST
Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, reports successful tests of the new coal export terminal at Primorye Region's Port Posiet. Modernization of the port's facilities will enable the company to significantly increase export to the Asia-Pacific countries. The project's cost is estimated to total some 4.5 billion rubles.
Mechel Reports 2013 Operational Results
GlobeNewswire - Wed Feb 05, 6:00AM CST
Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces 2013 operational results.
Downgrade Alert for Mechel (MTL)
Comtex SmarTrend(R) - Tue Jan 21, 6:59AM CST
Mechel (NYSE:MTL) was downgraded from Neutral to Underweight at JP Morgan today. The stock closed yesterday at $2.22 on volume of 798,000 shares, below average daily volume of 1.2 million. Mechel share prices have moved between a 52-week high of $7.22 and a 52-week low of $1.65 and closed yesterday at 35% above that low price at $2.22 per share. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has declined 4%.
Korzhov Succeeds Mikhel as Mechel CEO - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jan 02, 12:40PM CST
Mechel has appointed Oleg Korzhov as its new Chief Executive Officer.
Mechel Reports Oleg Korzhov's Appointment as Company's Chief Executive Officer
GlobeNewswire - Tue Dec 31, 7:00AM CST
Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces the appointment of the company's Senior Vice-President for Economics and Management Oleg Korzhov as Mechel OAO's Chief Executive Officer. This decision was approved by the company's Board of Directors and is valid starting on January 1, 2014. Evgeny Mikhel, who occupied this post since 2010, left the company by his own wish.
Mechel, Yildirim Seal Asset Deal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Dec 30, 12:40PM CST
Mechel closes the deal for disposal of several ferroalloys assets to Yildirim Group for $425 million.
Mechel Announces Closing Deal on Disposal of Several Ferroalloy Assets
GlobeNewswire - Fri Dec 27, 8:00AM CST
Mechel OAO (NYSE:MTL), one of the leading Russian mining and metals companies, announces closing the deal for disposal of 100% shares in Voskhod Mining Plant (Khromtau, Kazakhstan) and Tikhvin Ferroalloy Plant (Tikhvin, Leningrad Region, Russia) to Turkey's YILDIRIM Group for a total of 425 million US dollars.
Mechel, Sberbank Pen Agreement - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Dec 23, 3:50PM CST
Mechel has entered into agreements with its creditor Sberbank of Russia to restructure part of its debt.
Mechel Reports the First Half and Nine Months 2013 Financial Results
GlobeNewswire - Mon Dec 23, 1:59AM CST
Revenue in 9M2013 amounted to $6.7 billion
ARC Document Solutions Announces Closing of Tender Offer and Replacement of 10.5% Senior Notes With New 6.25% Term B Loan; Estimated 9 Cents Accretive to Earnings per Share
Marketwire - Fri Dec 20, 1:51PM CST
ARC Document Solutions, Inc. (NYSE: ARC) announced today that it has closed its previously disclosed cash tender offer and consent solicitation relating to its outstanding 10.5% Senior Notes due 2016 (the "Notes"), and that it has provided notice for the redemption of all remaining outstanding Notes. The company also announced that it has entered into a new Term Loan Credit Agreement that consists of a term loan facility in the amount of $200 million, the proceeds of which will be used to fund the closing of the tender offer and the subsequent redemption of the Notes. The new term loan facility bears an initial annual interest rate of 6.25% (LIBOR plus 525 basis points with a 1.0% LIBOR floor). The company expects to save more than $7 million in annual cash interest payments relative to the Notes, which equates to approximately nine cents earnings per share.