Business News from WN Network

Wednesday, 24 March 2010

ArcelorMittal protests Algeria contract award

ALGIERS: A unit of ArcelorMittal's Algerian operations which produces pipes and tubes for the oil and gas industry has lodged a complaint with a state-owned firm, saying it unfairly missed out on a contract. ArcelorMittal, the world's biggest...

Full Story: The Times of India

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Attorneys sharpen tools to sue Toyota The Wichita Eagle

SAN DIEGO - As lawsuits over Toyota acceleration problems multiply nationwide, more than 150 attorneys gathered Wednesday to sharpen their legal tools on the eve of a major federal court hearing on whether dozens of cases will be consolidated before a single judge. The main topic at the conference,...

AP sources: Former FBI director monitors Daimler The Wichita Eagle

WASHINGTON - Two people familiar with an investigation of German automaker Daimler AG say former FBI director Louis...

Shaw’s to replace Methuen plant’s strikers Boston Herald

Shaw’s Supermarkets yesterday said it will start hiring permanent workers to replace union employees who are in the third week of a strike at its Methuen distribution center. “We are extremely disappointed that it’s come to this, but as we continue to weather the...

SEC: Tim Cahill fund-raiser illegally did business with state Boston Herald

The U.S. Securities and Exchange Commission claims a Medfield executive illegally won $14 billion of bond deals from state Treasurer Tim Cahill’s office after throwing Cahill a fund-raiser and donating to his campaign. An SEC civil complaint filed today charges John Kendrick, former New...

Schlumberger acquires Geoservices for $1.07B Wtop

NEW YORK (AP) - Schlumberger Ltd. on Wednesday said it bought a French oil services company for $1.07 billion. Houston-based Schlumberger said it bought The...

Michigan's Feb. jobless rate dips to 14.1 percent Wtop

LANSING, Mich. (AP) - Michigan's unemployment rate dipped slightly in February to 14.1 percent, continuing a downward trend, the state said Wednesday. The state's latest seasonally adjusted jobless rate...

Michigan attorney general subpoenas Toyota records Wtop

By KATHY BARKS HOFFMAN Associated Press Writer LANSING, Mich. (AP) - Michigan's attorney general has sent a subpoena to Toyota, asking for records regarding...

IPO market has best day since financial crisis Wtop

NEW YORK (AP) - Investors eager to put their money to work in the stock market sent shares of two technology...

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