United States Steel Corp. Big has agreed to acquire the remaining .10.1% stake in Big River Steel LLC for 74 million, giving the steelmaker ownership of one of the country’s newest, most advanced steel mills. Osola, Arch of the Big River. Owned by Mills, US Steel rivals Newcore Corp., one …
Read More »Goldum Sachs China Securities will acquire 100% of the joint venture
Goldam Sachs Group Inc. China is moving to acquire 100% ownership of its securities joint venture, deepening its investment in the world’s second-largest economy after a 17-year partnership with domestic brokerage. New York-based bank Goldm Sachs is applying to Chinese regulators for full control of the securities and has signed …
Read More »Glencore CEO Evan Gleisenberg will retire after 18 years at Helm
Evan Glensenberg, the longtime chief executive of London G Glencore PLC, is handing over the reins of the global mining and trading giant he created, saying on Friday that he would retire early next year. The Switzerland-based London-listed company said it currently supports senior deputy Gary Nagle, who currently runs …
Read More »Amazon’s fears gripped as internet retail giant shakes up pharmacy business
Amazon.com has been one of the most innovative and disorganized companies of this century, with incredible success in areas beyond historically considered its core business (book sales). Thus every ad or speculation Amazon AMZN, -0.96% Whoever enters a particular industry sends the shares of that industry into the tailspin. Investors …
Read More »Milky Way’s ‘Family Tree’ reveals mysterious Kraken Galaxy fat
The Milky Way has merged with many other galaxies in its long lifespan, but stealing its history together has been a loving act. A new analysis of galactic clusters around the galaxy has now given us the most complete galactic merger history ever. And that data includes a previously unknown …
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