The drop in pay from $12.8 million the previous year was the result of a lower performance-based bonus, reflecting the troubles that have beset the company's important China division.
Yum Brands, based in Louisville, Ky., is the biggest Western fast-food operator in China with its KFC restaurants. China has been a critical growth driver for the company, with the unit accounting for about 40 percent of its operating profit.
But in late 2012, a report on Chinese TV said some of Yum's suppliers were giving chickens unapproved levels of antibiotics, touching off sensitivities about food safety in the country. Sales began to nosedive.
Top 5 Small Cap Stocks For 2015: ArcelorMittal SA (MT)
ArcelorMittal, incorporated on June 8, 2001, is a global steel producer. During the year ended December 31, 2010, ArcelorMittal had steel shipments of approximately 85 million tons and crude steel production of approximately 90.6 million tons. ArcelorMittal produces a range of finished and semi-finished products. ArcelorMittal produces flat products, including sheet and plate, long products, including bars, rods and structural shapes, and stainless steel products. The Company operates in five segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa and Commonwealth of Independent States (CIS) (AACIS), and Distribution Solutions. ArcelorMittal also produces pipes and tubes for various applications. ArcelorMittal sells its products in local markets and through its centralized marketing organization to a range of customers in approximately 174 countries, including the automotive, appliance, engineering, construction and machinery industries. On February 18, 2011 ArcelorMittal and Nunavut Iron Acquisition Inc. announced they had taken up over 93% of the Baffinland Iron Mines Corporation (Baffinland) under their joint offer. On January 25, 2011, ArcelorMittal approved the spin-off of ArcelorMittal�� stainless and specialty steels business into Aperam. On September 20, 2010, ArcelorMittal Poland completed the acquisition of Zaklady K Zdzieszowice. On July 23, 2010, the Company completed the acquisition of ArcelorMittal Ostrava. On July 5, 2010, the Company completed a disposition of the Anzherskaya coal mine in Russia.
Flat Carbon Americas
ArcelorMittal�� Flat Carbon Americas segment has production facilities in both North and South America, including the United States, Canada, Brazil and Mexico. As of December 31, 2010, ArcelorMittal USA had 18 production facilities, consisting of four integrated steel-making plants, one basic oxygen furnace/compact strip mill, six electric arc furnace plants, five finishing plants, and two coke-makin! g operations. ArcelorMittal USA�� operations include both flat carbon and long carbon production facilities. ArcelorMittal USA�� main flat carbon operations include integrated steel-making plants at Indiana Harbor, Burns Harbor and Cleveland. ArcelorMittal USA, through various subsidiaries, owns interests in joint ventures, including ArcelorMittal Tek, ArcelorMittal Kote, Double G Coatings, PCI Associates, and Hibbing Taconite Company. ArcelorMittal USA also owns several short-line railroads that transport materials among its facilities, as well as raw material assets. ArcelorMittal USA operates an iron ore mine through its wholly owned subsidiary ArcelorMittal Minorca. ArcelorMittal Coal Group USA, LLC and its subsidiaries operate surface mines and deep mines in McDowell County, as well as a surface mine in Tazewell County.
ArcelorMittal Tubarao (AMT), a wholly owned subsidiary of ArcelorMittal Brasil, has two production facilities: the Tubarao integrated steel making facility and the Vega finishing complex. ArcelorMittal Lazaro Cardenas (AMLC) is a steel producer in Mexico. AMLC operates a pelletizer plant, two direct reduced iron plants, electric arc furnace-based steel-making plants and continuous casting facilities. ArcelorMittal Dofasco Inc. (Dofasco) is a North American steel solution provider and manufacturer of flat rolled steels. Its products include hot-rolled, cold rolled, galvanized and tinplate, as well as tubular products and laser-welded blanks. ArcelorMittal Mines Canada is a North American producer of iron ore products, including concentrate and several types of pellets. During 2010, the mines in aggregate produced 15.1 million tons of pellets and concentrates.
Flat Carbon Europe
ArcelorMittal�� Flat Carbon Europe segment has production facilities in Western and Eastern Europe, including Germany, Belgium, France, Spain, Italy, Luxembourg, Romania, Poland, Macedonia, Estonia and the Czech Republic. ArcelorMittal�� Flat Carbon Europe segm! ent has p! roduction facilities in Western and Eastern Europe, including Germany, Belgium, France, Spain, Italy, Luxembourg, Romania, Poland, Macedonia, Estonia and the Czech Republic. During 2010, ArcelorMittal Bremen GmbH produced 3.3 million tons of crude steel. The facilities of ArcelorMittal Liege Upstream are located in two main plants along the Meuse River: the Seraing-Ougree plant, which includes a coke plant, a sinter plant and two blast furnaces, and the Chertal plant, which includes a steel shop with three converters, a ladle metallurgy, two continuous caster machines and a hot strip mill. During 2010, ArcelorMittal Liege Upstream produced 0.9 million tons of crude steel. ArcelorMittal Atlantique is part of ArcelorMittal Atlantique et Lorraine, which is wholly owned by ArcelorMittal France. It has four plants in the north of France, located in Dunkirk, Mardyck, Montataire and Desvres. During 2010, ArcelorMittal Atlantique et Lorraine S.A.S. produced 5.3 million tons of crude steel.
During 2010, ArcelorMittal Eisenhuttenstadt GmbH produced 1.9 million tons of crude steel. It produces and sells a range of products, including hot-rolled, cold-rolled, electrical and hot dip galvanized and organic-coated rolls to automotive, distribution, metal processing, construction and appliances industry customers in Germany, Central and Eastern Europe. ArcelorMittal Mediterranee S.A.S. operates a flat carbon steel plant in Fos-sur-Mer. It also operates a finishing facility for electrical steel located in Fos-sur-Mer. ArcelorMittal Mediterranee S.A.S.�� principal equipment consists of one coke oven plant, one sinter plant, two blast furnaces, two basic oxygen furnaces, two continuous slab casters, one hot strip mill, one pickling line, one cold rolling mill and two continuous annealing lines. ArcelorMittal Mediterranee�� products include coils to be made into wheels, pipes for energy transport and coils for finishing facilities for exposed and non-exposed parts of car bodies, as well as the constructio! n, home a! ppliance, packaging, pipe and tube, engine and office material industries. ArcelorMittal Gent is an integrated coastal steelworks. ArcelorMittal Liege produces a range of steel grades, including a range of construction steels and micro-alloyed grades.
ArcelorMittal Piombino manufactures galvanized and organic-coated steel products. During 2010, it operated one pickling line, four-stand tandem mill, three hot dip galvanizing lines and three organic coating lines. ArcelorMittal Piombino�� products are sold to European customers, primarily in the distribution, appliance and construction industries. During 2010, ArcelorMittal Dudelange operated two hot dip-coating lines, producing Alussi and Aluzinc, and two electro galvanizing lines for appliances and industries. ArcelorMittal Sagunto is a flat steel finishing products. The facilities consist of a pickling line, a regeneration plant for hydrochloric acid and a full continuous five stands tandem mill. ArcelorMittal Sestao�� equipment consists of two electric arc furnaces, two continuous slab casters, one hot rolling mill and one pickling line. During 2010, ArcelorMittal Sestao produced 1.3 million tons. ArcelorMittal Sestao is a supplier of hot-rolled, pickled and oiled coils to the Spanish market. Its range of production includes cold forming and drawing steels, structural steels, cold for re-rolling, direct galvanization, dual phase, weather resistance and floor plates.
ArcelorMittal Poland S.A. (AMP) is a steel producer in Poland. AMP�� Zdzieszowice Coke Plant produces and supplies coke to ArcelorMittal subsidiaries and third parties. AMP produces coke and a range of steel products, including both long products and flat products. Its product range includes slabs, billets, blooms, sections, rails, hot-rolled sheets and strips, cold rolled sheets and strips, galvanized sheets, heavy plates, wire-rods, wires and other wire products and coated sheets and coils. During 2010, ArcelorMittal Galati S.A. produced 1.9 million tons! of crude! steel which were sold as plates, hot-rolled coil, cold rolled coil and galvanized products for the Romanian, Turkish and Balkan markets. ArcelorMittal Ostrava a.s. produces both flat and long carbon products. ArcelorMittal Annaba produces both flat and long carbon products.
Long Carbon Americas and Europe
ArcelorMittal�� Long Carbon Americas and Europe segment has production facilities in North and South America and Europe, including the United States, Canada, Brazil, Argentina, Costa Rica, Mexico, Trinidad, Spain, Germany, France, Luxembourg, Poland, Romania, Morocco, Algeria, Bosnia and Herzegovina and the Czech Republic. ArcelorMittal Brasil S.A. is a long-rolled steel producer and the wire steel producer in Latin America in terms of both capacity and sales. During 2010, ArcelorMittal Brasil S.A.�� steel production facilities included one integrated plant, one semi-integrated steel plant, three mini-mills, nine wire plants and three plants that produce transformed steel products. In addition, ArcelorMittal Brasil S.A., through its subsidiary, produces charcoal from eucalyptus forestry operations that is used to fuel its furnaces in Juiz de Fora and or to exchange for pig iron with local producers, and through the jointly controlled entity Guilman Amorin, produces energy used to supply the Joao Monlevade plant. During 2010, it produced 3.4 million tons of crude steel and a total of 3.3 million tons of rolled products, of which 0.6 million tons were processed to manufacture wire products. Andrade Mine is an iron ore producer located in the Minas Gerais state of Brazil. In 2010, Andrade Mine produced 1.6 million tons of iron ore.
ArcelorMittal Mineracao Serra Azul is an iron ore producer located in the Minas Gerais state of Brazil. It supplies sinter feed to ArcelorMittal plants in Europe and domestic market and also lump ore for local pig iron producers and certain ArcelorMittal Brasil integrated plants. During 2010, ArcelorMittal Mineracao Serra Azul produ! ced 3.3 m! illion tons of iron ore. It produces rebars, wire rod, merchant bars, special bar quality (SBQ), wires, wire mesh, cut and bend and drawn bars. Acindar�� own distribution network can also service end-users. ArcelorMittal Point Lisas Ltd. is a steelmaker in the Caribbean. During 2010, ArcelorMittal Point Lisas exported substantially all of its wire rod shipments, to steel manufacturers in South and Central America, the Caribbean and the United States. ArcelorMittal USA produces both flat and long carbon products. During 2010, ArcelorMittal Montreal Inc. produced 1.8 million tons of crude steel. ArcelorMittal Duisburg GmbH�� production facilities are located in Ruhrort and Hochfeld, Germany. During 2010, ArcelorMittal Duisburg GmbH produced 1.2 million tons of crude steel. During 2010, ArcelorMittal Hamburg GmbH produced one million tons of crude steel. ArcelorMittal Poland S.A. produces both flat carbon and long carbon products. ArcelorMittal Ostrava�� production facilities are located in Ostrava, Czech Republic. As of December 31, 2010, ArcelorMittal Energy Ostrava had 11 boilers. During 2010, ArcelorMittal Rodange & Schifflange produced 0.7 million tons of crude steel. During 2010, ArcelorMittal Warszawa S.p.z.o.o. produced 0.5 million tons of crude steel. During 2010, ArcelorMittal Madrid produced 0.4 million tons of crude steel.
ArcelorMittal Zaragoza is located in Aragon, in northeastern Spain. During 2010, ArcelorMittal Zaragoza produced 0.5 million tons of crude steel. During 2010, ArcelorMittal Zenica produced 0.6 million tons of crude steel. During 2010, ArcelorMittal Prijedor produced 1.4 million tons of iron ore. ArcelorMittal Annaba produces both long and flat products. Its flat product range includes slabs, hot rolled and cold-rolled coils and sheets, hot-dipped galvanized products and tin plates, and its long product range includes billets, wire-rods, rebars and seamless tubes. Societe Nationale de Siderurgie (Sonasid) is a steel producer in Morocco and has facilities in! Nador, J! orf and Lasfar. Its facilities consist of one electric arc furnace, one continuous caster, one wire rod and one bar mill. Sonasid produces steel bars and rods. These products include reinforcing bars, wire rods and merchant bars. During 2010, Sonasid produced 0.5 million tons of crude steel. ArcelorMittal Hunedoara�� facilities are located in Romania. Its production facilities are one electric arc furnace, two continuous casters and a sections rolling mill. During 2010, Arcelor Mittal Hunedoara produced 0.1 million tons of crude steel. During 2010, ArcelorMittal Tubular Products division operated 19 operating units in Europe, North America, South America, CIS and Africa. The division caters to the energy, mechanical and automotive tubing and components markets. The facilities include four facilities producing seamless tubes, three facilities producing large diameter welded tubes, 10 facilities producing electric resistance welded (ERW) tubes, one facility producing cold drawn tubes and two facilities producing automotive components using welded tubes.
AACIS
ArcelorMittal�� AACIS segment has production facilities in Asia and Africa, including Kazakhstan, Ukraine, South Africa and Russia. During 2010, ArcelorMittal South Africa Ltd. produced 5.5 million tons of crude steel. OJSC ArcelorMittal Kryviy Rih�� integrated steel plant consists of six coke oven plants, three sintering plants, six blast furnaces, six basic oxygen furnaces, two open hearth furnaces, two blooming mills and six light section / bar mills and three wire rod mills. ArcelorMittal Temirtau�� wholly owned integrated steel plant located in the Karaganda region of Kazakhstan, consists of six coke oven batteries of which six are operating, three sinter plants, four blast furnaces (three of which are operational), three basic oxygen furnaces, two continuous slab casters, one hot strip mill, two cold rolling mills and three tinning lines, one hot dip galvanizing and one aluminum-zinc coating lines, one color ! coating l! ine, two welded pipe mills and a bar mill.
JSC ArcelorMittal Temirtau�� products includes pig iron, continuous caster slabs, hot- and cold-rolled coils and sheets, black plates, covers, tin plates, hot dipped galvanized products, color coated products and welded pipes, bars, sections and re-bars. JSC ArcelorMittal Temirtau has four iron ore mines in central Kazakhstan. ArcelorMittal Northern Kuzbass in Siberia, Russia includes the Berezovskaya and Pervomayskaya mines, as well as the Severnaya coal washery. The main consumers of the coking coal produced are OJSC ArcelorMittal Kryviy Rih and some local coke producers.
Distribution Solutions
Distribution Solutions is primarily the in-house trading and distribution arm of ArcelorMittal. It also provides steel solutions. It services a range of customer industries, including automotive, construction, household appliances, public works, civil engineering and general industry. The range of Distribution Solutions is offered through a network covering 30 countries, while specific solutions are dispatched in five business units: ArcelorMittal Construction Solutions, ArcelorMittal International, ArcelorMittal Projects, ArcelorMittal Total Offer Processing, ArcelorMittal Wire Solutions. The range of distribution solutions is organized across geographical areas through locally empowered management: Benelux, Central and Eastern Europe, France, Germany/Switzerland, Iberia, Italy, the Maghreb, Turkey/Mediterranean, South America, Poland, the United Kingdom/Scandinavia. The processing facilities provide services for flat and long carbon steel, as well as for specialty products, from light finishing work on beams to an integrated offer of slit coils, sheets and blanks.
ArcelorMittal Construction Solutions provides its customers with steel-based solutions for cladding, roofing, flooring and structure. ArcelorMittal International is the global sales network supplying ArcelorMittal products from over 30 mills outside ! of their ! home markets. ArcelorMittal Projects provides distribution solutions and services for projects in foundation solutions, infrastructure, oil and gas and building related steel constructions. ArcelorMittal Total Offer Processing provides a global offer in steel processing, ranging from design to production and from the logistics of steel components to steel solutions for industrial accounts. ArcelorMittal Wire Solutions is a global industrial wiredrawer, serving sectors, such as agriculture, automotive, construction, energy and general industry.
Advisors' Opinion:- [By Selena Maranjian]
ArcelorMittal (NYSE: MT ) dropped 22%, dealing with a weak global steel market. A giant in steel, it carries a lot of debt and hasn't been producing gobs of free cash flow lately. Still, some see it as promisingly priced now, with a forward P/E near 8, and a global economic recovery likely. Rising auto sales bode well for the steel company, too. Its stock is yielding about 6%.
- [By Rich Smith]
If you want to know what the future holds for global steel giants like Arcelor Mittal (NYSE: MT ) , U.S. Steel (NYSE: X ) , and Nucor (NYSE: NUE ) , one of the best ways you can spend your time, I suspect, is by reviewing the earnings reports of another company entirely -- Schnitzer Steel (NASDAQ: SCHN ) .
Top Dow Dividend Stocks For 2014: Norwood Financial Corp.(NWFL)
Norwood Financial Corp. operates as the holding company for the Wayne Bank, which provides various commercial banking products and services to individuals, businesses, nonprofit organizations, and municipalities in Pennsylvania. The company?s various deposit products include interest-bearing and noninterest bearing transaction accounts, statement savings and money market accounts, and certificate of deposits. Its loan products comprise mortgage loans to finance principal residences, as well as second home dwellings; commercial loans, including lines of credit, revolving credit, term loans, mortgages, secured lending, and letter of credit facilities; construction loans for commercial construction and single-family residences; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles. The company also offers various other services, such as cash management, direct deposit, remote deposit capture, automated clearing house activity, credit ser vices, trust, investment products, real estate settlement services, and Internet banking. It operates five offices in Wayne County, three offices in Pike County, and three offices in Monroe County, and also serves Lackawanna and Susquehanna counties. The company operates eleven automated teller machines in its branch locations. Norwood Financial Corp. was founded in 1870 and is headquartered in Honesdale, Pennsylvania.
Advisors' Opinion:- [By Marc Bastow]
Bank holding company Norwood Financial (NWFL) raised its quarterly dividend 7.1% to 30 cents per share, payable on Feb. 3 to shareholders of record as of Jan. 15.
NWFL Dividend Yield: 4.39%
Top Dow Dividend Stocks For 2014: Canadian National Railway Company(CNI)
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business in North America. It provides transportation for various goods, including petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, and intermodal and automotive products. The company operates a network of approximately 20,600 route miles of track that spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico. It serves the ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), as well as metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth (Minnesota)/Superior (Wisconsin), Green Bay (Wisconsin), Minneapolis/St. Paul, Memphis, and Jackson (Mississippi), with connections to various points in North America. The company was founded in 1922 and is headquartered in Montreal, Canada.
Advisors' Opinion:- [By Sean Williams]
Notable railroads that could be hit by a slowdown in oil transports because of a declining spread include Canadian National Railway (NYSE: CNI ) , Union Pacific (NYSE: UNP ) , and Berkshire Hathaway�subsidiary BNSF.
Top Dow Dividend Stocks For 2014: E-Commerce China Dangdang Inc.(DANG)
E-Commerce China Dangdang Inc. operates as a business-to-consumer e-commerce company in the People?s Republic of China. It engages in the sales of Chinese and foreign language books, and music CDs, VCDs, and DVDs through its Website dangdang.com. The company also offers general merchandise products, such as beauty and personal care products; home and lifestyle products; consumer electronics; baby, children, and maternity products; apparel and accessories; and footwear, handbags, and luggage. In addition, it operates the dangdang.com marketplace program, which enables third-party merchants to sell their products alongside products sourced by the company. The company is headquartered in Beijing, the People?s Republic of China.
Advisors' Opinion:- [By John Seward]
E-Commerce China Dangdang Inc. (NYSE: DANG), which offers Chinese language book,s gained 6.39 percent to $12.98.
Chinese Internet provider NQ Mobile Inc. (NYSE: NQ) gained nearly five percent to $6.35.
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