Bidness Etc looks at why AK Steel stock can be expected to remain in the red on Friday, following the downward revision of 1Q guidance [Reposted from Bidness, Etc. | Michael Kaufman | March 20, 2015] On Thursday, AK Steel Holding Corporation (NYSE:AKS) released guidance for the first quarter of fiscal year 2015 (1QFY15),…
A trade association linked to the conservative billionaires Charles G. and David H. Koch will begin a new lobbying effort pressuring lawmakers to shut down the Export-Import Bank, a top target of conservative activists and outside groups that will cease to exist after June 30 if it is not reauthorized by Congress. [Reposted from The…
Rep. Mark Pocan (D-Wis.) on Thursday accused the Office of the U.S. Trade Representative (USTR) of “baffling” Democrats “with bullshit” in an effort to advance President Obama’s trade agenda. [Reposted from The Hill | Kevin Cirilli | March 19, 2015] Pocan’s remarks, which were triggered by a debate over whether the U.S. enjoys a trade surplus with…
Despite his inspirational speeches about helping the middle class, President Obama is poised to outsource more well-paying American jobs and irretrievably subvert our democracy and national sovereignty to corporate interests, by ramming through the Trans-Pacific Partnership (TPP) Free Trade Agreement. Even scarier, our Congress is poised to give him the right to do so, if…
U.S. Steel Corp. (NYSE:X) may be looking to fund projects in an effort to save jobs in Birmingham, but steel production in China continues at a pace that could make it difficult for Alabama manufacturers to compete. [Reposted from the Birmingham Business Journal | Ryan Phillips | March 20, 2015] Manufacturers face overproduction U.S. Steel…
(Bloomberg) — Sipping coffee at a Starbucks on a tree-lined road in Bothell, Washington, Representative Suzan DelBene finds herself stuck in the middle on international trade policy. [Reposted from Bloomberg Business | Carter Dougherty | March 23, 2015] As a former executive at global software giant Microsoft Corp., just down the road in Redmond, and…
