Steelmaker Corus reports first profit
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Anglo-Dutch steelmaker Corus reported the first profit since its birth in 1999 thanks to cost cuts, rising metals prices and strong demand, notably from China.
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The company posted first-quarter profit of $288.9 million as rising revenue offset higher ingredient costs and increased spending on marketing.
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Steel giant Arcelor Mittal reports profits of $2.37bn for the final quarter of 2006, the first results since last year's merger.
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Corus shareholders on Wednesday overwhelmingly backed a takeover of the Anglo-Dutch steel group by Tata Steel of India, as 97 percent of voters approved a deal worth 7 billion pounds.
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Anglo-Dutch steelmaker Corus has reported a profit for the first time since it was formed in 1999. Surging steel prices have helped the company lift earnings, and it has cut jobs and sold a number of businesses.
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The business software maker delivered a fiscal first-quarter performance that topped analyst expectations.
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Corus Group Plc, the UK&#39;s biggest steelmaker, reported its first profit and said earnings will rise in the second half because of higher steel prices and cost cutting by Chief Executive Officer Philippe Varin.
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Corus lifted a threat to 1,700 steelworkers&#39; jobs today by securing the future of a major operation in the north-east. The company ended speculation over the imminent shutdown of its Redcar site with the announcement
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United States Steel Corp. saw profits rise in the third quarter, thanks to both strong demand and cost cuts. Pittsburgh-based US Steel on Tuesday reported third-quarter net income of $354 million, or $2.
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Nucor Corp., one of the largest U.S.  steel producers, on Thursday reported a more than 25-fold  increase in quarterly profit due to high steel prices, and said  it expected demand to remain strong next year.
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Leading shares staged a late rally to help the FTSE 100 post modest gains, with Corus' share price soaring by more than five percent amid hopes of a bidding war for the Anglo-Dutch steel group.
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Personal computer maker Gateway Inc. (GTW.N: Quote, Profile, Research) on Thursday posted its first operating profit in nearly three years as its retail strategy
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Tata Steel of India has bought Anglo-Dutch producer Corus for 13.7 billion dollars, beating Brazilian rival CSN in an auction that highlighted the growing global clout of emerging market companies.
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Tata Steel of India has out-bid its Brazilian rival CSN in an auction to take over the Anglo-Dutch steelmaker Corus with a bid of 608 pence per share, the Takeover Panel has said.
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United States Steel Corp. X.N, the  largest U.S. integrated steelmaker, on Monday reported a  fourth-quarter profit after a loss a year earlier, citing  robust worldwide steel prices and tight supplies.
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LONDON (Dow Jones/AP) -- Corus Group PLC, one of the world&#39;s largest makers of steel, Thursday reported a profit for the first time in its five-year history.
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IRISH drinks firm C&amp;C today posted a six per cent rise in first-half profits. The owner of Bulmers cider in Ireland and Ballygowan mineral water said operating profit in the six months to August 31 rose 6.1