Steel company 'in administration'
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A steel firm employing around 450 workers in south Wales goes into administration, says a union.
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DaimlerChrysler AG said Thursday it had been notified that it was under investigation by the U.S. Securities and Exchange Commission over alleged violations of a federal anti-bribery statute after a fired employee complained to labor officials.
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British billionaire Lakshmi Mittal will be chairman and chief executive of Mittal Steel, which will be the world&#39;s largest steel maker, producing 57 million tonnes of crude steel a year.
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A troubled company in the troubled housing sector.
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Regulators are investigating share dealing by the chief executive of Scottish dairy firm Robert Wiseman Dairies.
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Steelmaker Corus is ordered to pay nearly Â£300,000 following the death of one of its workers at its Trostre plant.
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Staff at supermarket chain Kwik Save are told the firm will go into administration unless they work unpaid.
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A Canadian steel maker, Ipsco, said it was buying the NS Group, a maker of steel pipes and tubes used in oil fields, for about $1.46 billion. The deal will be used to broaden IpscoÂs sales to the energy industry, the chief executive, David Sutherland, said. ÂThis is a transaction thatÂs all about growth, and if anything, what we will see over the next three years is a growth in the output of all of their facilities, as well as the continuing demand on our own,Â Mr. Sutherland said in a conference call. Ipsco agreed to pay $66 a share for the NS Group, which was a 43 percent premium to its closing price on Friday. After the transaction is complete, the new company is expected to have combined annual revenue of more than $4 billion. Ipsco, which is based in Regina, Saskatchewan, and has executive offices in Leslie, Ill., operates three steel mills and six pipe mills in the United States and Canada. The NS Group is based in Newport, Ky.
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By Kyodo News International, Tokyo  Feb. 20--TOKYO -- Investment fund Ichigo Asset Management Ltd. said  Tuesday it has mustered almost one-third of shareholder votes in Tokyo  Kohtetsu Co. to scuttle the steelmaker's motion to become a wholly owned unit  of Osaka Steel Co.
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Gloucestershire based-travel company, Travelscope Holidays, is placed into administration.
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Steelworkers strike after the world's third largest tire maker and the steelworkers union failed to agree on a new labor contract
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Lakshmi Mittal&#39;s $4.5 billion acquisition of International Steel Group Inc. may prompt a spree of deals as the steel industry consolidates to cut costs.
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Tata Steel of India appears set to become the world's fifth-largest steel producer after beating its Brazilian rival CSN in an auction to take over Anglo-Dutch steelmaker Corus with a 13.7-billion-dollar bid.
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Metronet, the firm responsible for the upkeep of most of London's tube network, faces administration, the BBC learns.
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Tesco and Asda say they are looking into allegations of employee abuse at suppliers' factories in Bangladesh.
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Management is trying to turn things around, but the company's paying for past mistakes.
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The $17.8 billion, three-way deal that Lakshmi N. Mittal, a financier based in London, announced this week would put him at the head of the largest steel company in the world.