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Actionable news in CLF: CLIFFS NATURAL RESOURCES Inc,

Cliffs Natural Resources (CLF) Stock Down on New Labor Contract

NEW YORK (TheStreet) -- Shares of Cliffs Natural Resources (CLF) were lower in late afternoon trade on Friday after the company reached a tentative agreement on a labor contract with the United Steelworkers Union (USW).

The three-year retroactive contract will be in effect as of October 1, 2015, the company said in a statement.

Roughly 2,000 workers at Cliffs' Tilden and Empire mines in Michigan and its United Taconite and Hibbing Taconite mines in Minnesota will be affected.

"We are pleased to reach a new labor...


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