Arcelor Mittal terminates sale of Sparrows Point
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Arcelor Mittal , the world's largest steelmaker, said on Sunday it has terminated an agreement to sell its Sparrows Point, Baltimore facility to E2 Acquisition Corp due to E2's inability to secure financing.
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InfoWorld - British mobile services company Vodafone Group has reserved the right to terminate its agreement with Hutchison Telecommunications International Ltd. (HTIL), if a &quot;prohibition&quot; comes in the way of the closure of its&#160;$11.1 billion acquisition&#160;of a controlling stake in Hutchison Essar, an Indian mobile services company.
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Mittal Steel MT.N, seeking to win back   eroding investor support for its bid for Arcelor CELR.PA,   raised its offer by a third and dropped a key demand for family   control over the combined global steel giant.
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InfoWorld - IBM sold off a chunk of its stake in Lenovo Group, leading the world&#39;s third-largest PC vendor to temporarily suspend trading of its shares in Hong Kong on Tuesday.
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By Dale Kasler, The Sacramento Bee, Calif.  May 31--Two key Tower Records employees have quit the company that bought Tower's Web site, leaving unclear the future of the site's Sacramento office.   Caiman Holdings Inc.
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Following the recent announcement that it will be terminating its online music store. Virgin announced yesterday that it will turn its mobile phone business public with an IPO.
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UK general insurer Royal & Sun Alliance   Insurance Group Plc RSA.L said on Thursday it was selling its   U.S. arm to Arrowpoint Capital, providing the company with a   long-awaited exit from its U.S. unit.
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Private equity firm Carlyle Group   dropped out of a bidding group for arts and crafts  retailer Michaels Stores Inc. , a source familiar with  the matter said on Thursday, marking the second time this week  the firm left a high-profile auction.
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The company is a second-string wholesaler no more.
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A US Bankruptcy Court judge yesterday approved the sale of Boston's oldest jeweler, Shreve, Crump &amp; Low, to Chestnut Hill jeweler David &amp; Co.
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The Justice Department has ordered Mittal Steel to sell a mill in Maryland rather than one in West Virginia to settle antitrust issues raised by its merger with Arcelor SA.
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NEW YORK The horse that spoiled &quot;Smarty Jones&#39;&quot; bid for the Triple Crown is being retired from racing. Belmont Stakes winner &quot;Birdstone&quot; was retired today after chipping a bone in his left front ankle during the Breeders&#39; Cup Classic.
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Union Pacific, once the jewel in Rocco DiSpirito's crown, will close at the end of the year.
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Mittal Steel, the biggest steel producer in the world, announced that it had acquired at least 50 percent of Arcelor shares, the minimum amount Mittal has set for the takeover to go ahead.
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&quot;The Software Patent Directive has been withdrawn from the Agenda of the Agricultural Council. Poland&#39;s Minister of Information Society and Technology, Wlodzimierz Marcinski, made a powerful statement at the
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SunRocket, an Internet telephone company, has ceased operations, according to a person briefed on its status.
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Mobile telecoms giant Vodafone has shelved the sale of Arcor, its German fixed-line operation, until the end of the year at the earliest, The Times newspaper reported, without citing its sources.