ArcelorMittal Ostrava is revamping the continuous casting machine (CCM) in its steel shop. The aim of the project, worth 53m is to improve the quality of steel as well as to produce new high value added products.
Citigroup Inc will pay a $30 million fine after one of its analysts improperly sent confidential research on an Apple supplier to big clients including Steven A. Cohen's hedge fund SAC Capital Advisors, a securities regulator said.
Cooper Tire & Rubber Company filed a complaint in Delaware Chancery Court asking that subsidiaries of Apollo Tyres be required to expeditiously close the pending merger between the two companies in accordance with the terms of the definitive merger agreement.
The resignation of Franco Bernabe as chairman and CEO of Telecom Italia (TI) removes the possibility of a large capital increase, which would have been positive for TI's credit profile, Fitch Ratings says.