Mittal Steel and Arcelor had reached a merger agreement in principle and the new company would be called Arcelor Mittal
Media Release
Jun. 25, 2006

Two Indian television channels on Sunday reported that steel makers Mittal Steel and Arcelor had reached a merger agreement in principle and the new company would be called Arcelor Mittal.

The channels, NDTV Profit and CNBC TV-18, cited unnamed sources for their reports. They said the merger value was 43 euros per share and the papers would be signed shortly. Arcelor board members on Sunday debated whether to back a takeover from Mittal or a rescue deal with Russia's Severstal.

Mittal Steel and Arcelor had reached a merger agreement in principle and the new company would be called Arcelor Mittal
Media Release
Two Indian television channels on Sunday reported that steel makers Mittal Steel and Arcelor had reached a merger agreement in principle and the new company would be called Arcelor Mittal.
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Advanced Micro Devices is to invest $3.2bn in a new chip plant in the state of New York
Media Release
AMD said the plant would be built over the next three to five years and would employ directly 1,200 people.
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A consortium led by Mexican media group joins the bidding for Univision
Media Release
A consortium led by Mexican media group Televisa overcame last-minute walkouts and a skittish debt market to join the bidding on Friday for Univision, the US’s largest Spanish-language media company.
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US Senate puts SEC under microscope for allowing possible insider trading by hedge funds
Media Release
Two Senate committee chairmen have launched their own probe into an SEC investigation into Pequot Capital, signalling deepening concern in Congress over the growing hedge fund industry.
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Speculation that the Federal Reserve may deliver a 0.5-percentage-point interest rate increase drives dollar high
Media Release
The dollar extended its prior session's gains, hitting two-month highs against the euro and yen Friday, amid growing market convictions that the Federal Reserve will keep lifting interest rates.
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Google began streaming free commercial videos
Media Release
Google began streaming free commercial videos, including movies and TV shows, supported by advertising as part of a trial.
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The EU may launch an inquiry into anticompetitive behavior in the telecommunications industry
Media Release
The EU may launch an inquiry into anticompetitive behavior in the telecommunications industry next year, according to the bloc's top antitrust regulator.
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The UAW said about 37,000 hourly workers have accepted early-retirement or buyout offers from GM
Ajit Parker
The UAW said about 37,000 hourly workers have accepted early-retirement or buyout offers from GM and Delphi. Chrysler said it plans a program of rebates and 0% financing, a move that could draw GM and Ford into another incentive war.
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