Moody's Investors Service ("Moody's") has today affirmed the B1 corporate family rating (CFR), B1-PD probability of default rating (PDR) of PAO TMK (TMK), one of the world's largest producers of steel pipe products for the oil and gas industry. Concurrently Moody's affirmed the B1 senior unsecured rating of the notes issued by TMK Capital S.A., a wholly owned subsidiary of TMK.

Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) announces that it has filed today the annual report and the sustainability report, containing the non-financial information required by applicable Luxembourg law, for the year ended December 31, 2019, with the Luxembourg Stock Exchange and has submitted such reports to the other securities regulators of the markets where its securities are listed. The 2019 annual report and the 2019 sustainability report may be downloaded from the Luxembourg Stock Exchange’s website at www.bourse.lu/regulated-information-oam and are available on Tenaris’s website at ir.tenaris.com.

Tenaris S.A. (NYSE, Mexico: TS and MTA Italy: TEN) announced today that the U.S. Department of Justice (DOJ) has closed its investigation of Tenaris’s proposed acquisition of IPSCO Tubulars, Inc. from PAO TMK, a Russian company and manufacturer of steel pipe. The proposed acquisition was entered into on March 22, 2019 pursuant to a Stock Purchase Agreement between a wholly owned subsidiary of Tenaris and PAO TMK.

Tenaris S.A. has acquired U.S. steel pipe manufacturer IPSCO Tubulars, Inc. from PAO TMK for nearly $1.1 billion in cash.

NEW YORK, NY / ACCESSWIRE / January 13, 2019 / Pomerantz LLP announces that a class action lawsuit has been filed against, Tenaris S.A. ("Tenaris" or the "Company") (TS) and certain of its officers. The class action, filed in United States District Court, Eastern District of New York, and indexed under 19-cv-00174, is on behalf of a class consisting of all persons and entities, other than Defendants and their affiliates, who purchased or otherwise, acquired Tenaris securities between May 1, 2014 through November 27, 2018, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

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Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) announced today that, in light of the current uncertainty around the extent and timing of the future spread of COVID-19, the imposition or relaxation of protective measures adopted in response to the pandemic, and their effect on the energy industry generally and the Company’s business in particular, its board of directors has resolved to postpone the Company’s annual general meeting of shareholders originally planned to be held in Luxembourg on 30th April 2020.

The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and.

Tenaris has been advised that the Italian court overseeing the investigation into alleged improper payments made in Brazil for the supposed benefit of Confab Industrial S.A., a Brazilian subsidiary of the Company, has decided to move the case to trial. The case involves Chairman and Chief Executive Officer Paolo Rocca and Board members Gianfelice Rocca and Roberto Bonatti, and the Company’s controlling shareholder, San Faustin S.A.

Previously, the company planned a temporary significant reduction in operations at the plant, but now those operations will be suspended.

A Northern Kentucky steel manufacturer is laying off 114 following the company's acquisition by a Luxembourg firm.

TS earnings call for the period ending March 31, 2020.

Tenaris is cutting more than 900 employees in the United States due to the sharp decline in the price of oil.

Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) announced that, in response to an adverse scenario of declining oil and gas prices, unprecedented oversupply in the oil market, and operational restrictions originated by the COVID-19 crisis, the company is restructuring its operations in the United States. Tenaris’s facilities in Koppel and Ambridge, PA, Brookfield, OH, and Baytown, TX, have been or will be temporarily closed until market conditions improve. In addition, Tenaris will be performing employee reductions and adjusting production levels at its other facilities in line with market demand.

The financial and operational information contained in this press release is based on audited consolidated financial statements presented in U.S. dollars and prepared in.

Oil-services stocks have lost two-thirds of their value this year, but one analyst thinks they have fallen enough and are now attractive.

Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

Tenaris S.A. (NYSE, Mexico: TS and MTA Italy: TEN) announced today the completion of its previously announced acquisition of IPSCO Tubulars, Inc., a U.S. manufacturer of steel pipe, from PAO TMK. The acquisition price was determined on a cash-free, debt-free basis, and the final amount paid in cash, following contractual adjustments, was US$1,067 million (including approximately US$220 million in working capital). Tenaris will consolidate IPSCO’s balance sheet and results of operations in its consolidated financial statements beginning in the first quarter of 2020.

Tenaris is reducing operations and laying off a combined 900 employees across multiple U.S. sites in response to low oil prices.