All Posts Tagged With: "U.S. steel"

Global Investing Roundups

Another Coal Merger; Pickens Denounces Yahoo; Possible UK/Spain Airline Merger; Alcatel-Lucent Ousts Top Brass; Consumer Confidence Climbs from 10-Year Low; Home Prices Continue Collapse; Northrop Grumman Sees Second Quarter Profit Soar; U.S. Steel’s Ironclad Earnings

-Teck Cominco Ltd. (TCK) yesterday (Tuesday) announced that it would purchase Fording Canadian Coal Trust (FDG) in a combination cash and stock deal valued at $14.1 billion. Vancouver-based Teck already owns approximately 20% of Calgary-based Fording, Reuters reported. This deal will give Teck full control over Elk Valley Coal, the second-largest exporter of seaborne hard-coking coal, which is used in steelmaking.

-Famous billionaire investor T. Boone Pickens…

30Jul2008 | Money Morning | Comments Off | Continued

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