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PITTSBURGH (AP) -- United States Steel Corp. has pulled out of a deal to build its new world headquarters as part of an ongoing $440 million redevelopment of the former Civic Arena site by the NHL's Pittsburgh Penguins. Thursday's decision comes almost exactly a year after company, team, local and state officials announced the plans at the Consol Energy Center, the Penguins new arena. That arena sits across the street from the site where a team-controlled subsidiary planned to break ground on the new headquarters and complete the project before U.S. Steel's lease expires at its current downtown location. The announcement comes two days after the steelmaker reported a third-quarter loss of $173 million, more than four times worse than analysts had forecast. U.S. Steel's stock has dropped nearly 61 percent this year, from $26.59 per share to $10.39 on Thursday — down 67 cents for the day. The company didn't explain the move in a brief statement. "We can confirm that U.S. Steel will not be moving into a new headquarters building at the site of the former Civic Arena," the statement said. |
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United States Steel Corporation
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CODE : X |
ISIN : US9129091081 |
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United States Steel est une société de production minière de fer et de étain basée aux Etats-Unis D'Amerique. United States Steel est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 6,4 milliards US$ (5,7 milliards €). La valeur de son action a atteint son plus bas niveau récent le 28 mars 2003 à 10,01 US$, et son plus haut niveau récent le 30 novembre 2007 à 98,85 US$. United States Steel possède 176 184 431 actions en circulation. |