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A bankruptcy court auction has boosted the sale price almost $20 million to about $75 million for a catalyst business that Delphi Corp., Troy, Mich., had agreed in June to sell to Umicore SA, Brussels.
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General Motors Corp. has agreed to work with a Massachusetts lithium-ion battery supplier to develop a battery for use in GM’s Chevrolet Volt electric car.
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The Chicago Mercantile Exchange (CME) plans to cut 380 jobs after its $11.5-billion tie up with the Chicago Board of Trade (CBOT).
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Global stock markets have careened wildly in recent trading, with shares of steel companies often fluctuating more violently than those in other industries.
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TransCanada Corp., Calgary, Alberta, is teaming with Northwest Natural Gas Co., Portland, Ore., to build a 110-mile natural gas pipeline from northwestern Oregon to north-central Oregon to serve both Oregon and southwest Washington state.
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Credit Suisse First Boston analyst Bruce Klein raised a chuckle from other conference call participants when he responded to a diatribe by C. Lourenço Gonçalves, chairman, president and chief executive officer of Metals USA Inc., Houston, while talking to investors and analysts about the company's second-quarter results.
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Ryerson Inc., Chicago, and hedge fund investor Harbinger Capital Partners have filed competing presentations for shareholders, with each laying out their conflicting views on a deal to take the big service center company private, in addition to Ryerson’s board and the company’s performance.
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Analysts at an auto industry gathering in northern Michigan said talks between the Big 3 domestic auto manufacturers and the United Auto Workers (UAW) union appear to be on track to reach a deal without a strike or lockout later this summer.
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Managers of Ryerson Inc. have continued to fail in a large number of areas and should not be allowed to dictate the terms of taking the company private, an executive of hedge fund investor Harbinger Capital Partners, which is orchestrating a proxy fight against Ryerson’s board, said in an interview.
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Nymex Holdings Inc., parent company of the New York Mercantile Exchange, has promoted three members of its staff.
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Light loading of ships on the Great Lakes hampered iron ore shipments in June, according to the Lake Carriers’ Association, Cleveland.
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Steel service center Denman & Davis Inc., Clifton, N.J., will replace existing plate-burning capacity at its Clifton facility with two new high-definition plasma torches, and move current plate-burning equipment to plants in Albany, N.Y., and Slatersville, R.I.
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Tubular and bar products distributor Marmon/Keystone Corp., Butler, Pa., has named Carl L. Wyant account manager at the company’s Seattle branch and Patrick Pigulski account manager at the company’s Southampton, Mass., service center.
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Tower Automotive Inc., Novi, Mich., said Mark Malcolm, who had been lead automotive consultant at its new private equity owner, Cerberus Capital Management LP, for the past 18 months, has been appointed president and chief executive officer, succeeding Kathleen Ligocki.
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Fred Redmond, vice president of human affairs at the United Steelworkers union, has been named chairman of the board of the A. Philip Randolph Institute, a group working for racial equality and economic justice.
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The House of Representatives passed an energy bill over the weekend that U.S. steel and aluminum producers said would restrict the supply of metals while increasing costs.
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Four unions, including one that last month said it was planning to terminate its contracts with Delphi Corp., Troy, Mich., as a first step toward a possible October strike, have reached tentative agreements with the auto parts maker, leaving the United Steelworkers union as the only holdout.
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A judge has approved a plan for an injection of up to $2.55 billion into automotive parts supplier Delphi Corp., Troy, Mich., by Appaloosa Management LP, Chatham, N.J., and other investors.
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ThyssenKrupp Materials NA Inc., Southfield, Mich., has purchased the assets of OnlineMetals.com, an eight-year-old Internet-based retailer of metals and plastics, in a move that executives said will increase its low-volume commercial customer base and individual consumer sales.
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A judge has approved a plan for an injection of up to $2.55 billion into automotive parts supplier Delphi Corp., Troy, Mich., by Appaloosa Management LP, Chatham, N.J., and other investors.
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Despite all the talk of mergers and acquisitions in the steel industry, Allegheny Technologies Inc. (ATI), Pittsburgh, has mostly been left out of the loop.
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Shipping specialist Pittsburgh Logistics Systems Inc. (PLS), Rochester, Pa., has appointed Rich Kozak vice president of global sales with responsibility for strategic sales development and product marketing.
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Sempra Commodities’ earnings more than doubled in the second quarter on improved margins in all its commodity product lines.
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The House Ways and Means trade subcommittee held a wide-ranging hearing Thursday on the challenges presented by trade with China.