Stelco offered $900M package
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Deutsche Bank is offering Stelco Inc. a $900-million refinancing package that could leave it as the company&#39;s biggest shareholder.
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TORONTO (CP) - Troubled steelmaker Stelco Inc. and General Motors reached a deal Tuesday to secure the automaker as a customer next year, if the restructuring steelmaker can reach a key labour deal and prove to GM its restructuring is on track.
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Stelco Inc., a Canadian steelmaker, was granted an extension of its bankruptcy protection by an Ontario court to finish the process of selling its operations or raising enough money to make the company viable.
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GMP Capital Corp. (GMP.TO: Quote, Profile, Research) said on Wednesday it has no plans to make further bids to restructure Stelco Inc.
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United States Steel Corp. is buying the Canadian steel maker Stelco Inc. for about $1.1 billion in a move expected to bolster its position as a supplier to the North American automotive industry.
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Prices for entry-level model will start at about $800.
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The US Postal Service has awarded SAP a $35 million contract to supply a new human-resources system. SAP has benefited from a series of big customer wins this year, showing strong revenue growth
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By David Cay Johnston  Samsung Electronics of South Korea, the world's largest maker of memory chips, has agreed to pay $90 million to settle civil charges that it conspired with six other makers of computer chips to fix prices, the attorneys general of 41 states announced.
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VANCOUVER, British Columbia  - Stelco Inc.  STEa.TO has lost a contract to supply steel to General Motors  Inc. GM.N, its biggest customer, because the insolvent  Canadian steelmaker failed to strike a deal with its workers,  the union at Stelco said on Monday.
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The package is expected to include more than $100 billion in one-time tax rebates for individuals and an opportunity for businesses to rapidly write off their capital investments.
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With its doorstep getting crowded with hopeful suitors, restructuring steel giant Stelco Inc. is keeping its options open despite the appeal of a $900-million financing package from Germany&#39;s Deutsche Bank.
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Tenet Healthcare Corp.  said on  Thursday it reached a $900 million deal with the federal  government to settle allegations it bilked Medicare, the U.S.  health insurance program for the elderly, lifting shares as  much as 9 percent.
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TORONTO (CP) - A German bank&#39;s $900-million financing proposal to Stelco Inc. gives current shareholders a chance to buy new stock in the profitable company - but they would have to pay a premium, Stelco said Monday.
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TORONTO (CP) - Stelco Inc. has salvaged a $900-million financing arrangement with Deutsche Bank despite the loss of a big General Motors contract.
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explanation of market-timing, further attorney comment. Picks up last graf. Also moving on general news wires. DENVER  _ The former chief executive of Invesco Funds Group has agreed to pay $500,000 to
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SAN FRANCISCO - Shock jock Howard Stern&#39;s jump to satellite radio could create a $180 million windfall for Europe&#39;s biggest chip maker, STMicroelectronics, which becomes the new chip supplier to Sirius Satellite Radio Inc.
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Phil Spector will receive $900,000 from a former assistant who he claimed embezzled thousands of dollars from him.