By Whitney Kisling
Nov. 28 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading today. Stock symbols are in parentheses, and share prices are as of 7:50 a.m. in New York, unless otherwise specified.
ArcelorMittal (MT US) slipped 10 percent to $22.91. The world’s biggest steelmaker will lay off 490 workers at its Burns Harbor, Indiana, steel plant, almost 2,000 fewer than originally planned. The company also said yesterday it may cut up to 9,000 jobs, or 3 percent of its global workforce, as demand slumps.
U.S. Steel Corp. (X US), the largest U.S.-based steelmaker by sales, fell 2.3 percent to $29.21.
Chesapeake Energy Corp. (CHK US) lost 11 percent to $18.02. The second-biggest independent U.S. producer of natural gas said it will seek to raise about $2 billion to finance projects and acquisitions by selling shares.
Infineon Technologies AG American depositary receipts (IFX US) lost 14 percent to $2.25. Europe’s second-biggest maker of semiconductors asked for German government aid after semiconductor prices dropped and competitor STMicroelectronics NV cut its forecast. The request is under consideration until the end of the year.
MGM Mirage (MGM US) added 1.6 percent to $11.98 in trading after the official close of markets on Nov. 26. The casino company majority-owned by billionaire Kirk Kerkorian said Terrence Lanni, the departing chairman and chief executive officer, also will step down from the company’s board. Lanni announced his resignation as CEO on Nov. 13 after questions about his post-graduate education surfaced.
Tenet Healthcare Corp. (THC US) gained 3.4 percent to $1.22 in trading after the official close of markets on Nov. 26. The Dallas-based hospital chain was raised to “neutral” from “sell” at UBS AG.
To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloomberg.net
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