Dallas, Texas 08/13/2013 (Financialstrend) – United States Steel Corporation (NYSE:X) has commenced trading ex-dividend yesterday. A cash dividend sum of around $0.05 per scrip is proposed to be paid by 10th September. Stockowners who bought X stock before the ex-dividend day are entitled for the cash dividend sum.
Zacks Upgrades United States Steel Corporation (NYSE:X) to Neutral
Zacks promoted scrip of United States Steel Corp. (NYSE:X) from an ‘underperform’ rating to a ‘neutral’ rating in a report issued during the last week. At this time, Zacks holds $18.00 price objective on the scrip.
United States Steel Corporation (NYSE:X) staff cast vote on Lake Erie Works labor argument
Around 1,000 union affiliates voted on United States Steel Corporation (NYSE:X)’s latest contract offer for workforce at its Lake Erie Works plant. Because of a labor argument, employees at the Nanticoke, Ontario, plant have been kept out of the plant since April 28.
Union head Mr. Bill Ferguson stated that US Steel has offered 100 shortly-to-be-retired staff a signing additional benefit if the firm’s contract offer gets endorsed. United States Steel Corporation is accusing the union of making attempts to thwart retiring workers from participating in the election.
In a conference call with market expert, company’s chairman and chief executive officer Mr. John Surma stated that if the issue gets sanctioned, the plant will start production as soon as possible, but it will expected take a period of 30 days to heat the stoves and get the heating system up to the level of fabrication the facility was operating at before the lockout.
Hathaway becomes part of United States Steel Corporation (NYSE:X)
David E. Hathaway Jr. has been nominated as GM for engineering projects at United States Steel Corporation (NYSE:X). The 46-year-old GM has worked for United States Steel Corporation since the year 2000.