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Cleveland-Cliffs names new executives
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Cleveland-Cliffs (CLF) Q2 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
Cleveland-Cliffs (NYSE: CLF)
Good morning, ladies and gentlemen. My name is Diego, and I am your conference facilitator today. I would like to welcome everyone to Cleveland-Cliffs second-quarter 2021 earnings conference call. [Operator instructions] The company reminds you that certain comments made on today s call will include predictive statements that are intended to be made as forward-looking within the safe harbor protections of the Private Securities Litigation Reform Act of 1995.
Although the company believes that its forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially. Important factors that could cause results to differ materially are set forth in reports on Forms 10-K and 10-Q and news relea
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US Tobacco Cooperative Hits Ch. 11 With $100M Debt
Law360 (July 8, 2021, 5:32 PM EDT) U.S. Tobacco Cooperative Inc. has filed for Chapter 11 protection in a North Carolina bankruptcy court with more than $100 million in debt, citing changes in federal regulation that prompted litigation and a recent damages award to member farmers.
The cooperatively owned tobacco processor and manufacturer has $99.6 million in secured debt and $2.5 million in trade debt, according to a first-day declaration filed Wednesday by Chief Financial Officer Keith Merrick. The cooperative is seeking to fund its bankruptcy proceeding with cash collateral, the document shows.
Merrick s declaration pointed to a July notice from the cooperative s lender banks, finding U.S. Tobacco.
Fortinet CEO: We Expect To Become SD-WAN Market Share Leader
Fortinet CEO Ken Xie says its two biggest competitors got into the SD-WAN space via acquisition, and will therefore be slower going forward when it comes to innovation and responding to market changes. By Michael Novinson February 04, 2021, 06:57 PM EST
Fortinet CEO Ken Xie said the company expects to overtake its two biggest SD-WAN competitors and become the market share leader within a few years.
The Sunnyvale, Calif.-based platform security vendor said its two primary rivals got into the SD-WAN space via acquisition, and will therefore be slower going forward when it comes to innovation and responding to market changes, according to Xie. Fortinet is currently third in SD-WAN market share behind VMware - which bought VeloCloud and Nyansa – and Cisco, which bought Meraki and Viptela.
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