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Steel and aluminum processor and distributor Novamerican Steel Inc., Montreal, said there was "no basis whatsoever" for what it described as false rumors posted on the Internet that the company is being investigated for fraud.
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An agreement between the United Steelworkers union and Powerlasers Ltd., a Concorde, Ontario, unit of Dofasco Inc., has been ratified by a 75-percent majority of the 60 employees.
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Hayes Lemmerz International Inc. is shutting its aluminum wheel manufacturing facility in La Mirada, Calif., and transferring production to its Huntington, Ind., plant.