As the nation paused to mark the 13th anniversary of the Sept. 11 terror attacks, little about the ceremony has changed. But so much around it has.» Read More
The Pittsburgh company said it expects a big improvement in its third-quarter operating income from its reportable segments and other businesses. Steel said it will provide about $165 million in secured, debtor-in-possession financing to U.S. Steel Canada Inc., which will allow the business to continue operating as it explores the restructuring.
Sept 17- Twenty-two partners have jumped ship en masse from Bingham McCutchen's marquee restructuring practice, raising questions about the fate of the law firm's closely watched merger talks with the larger Morgan Lewis& Bockius.
PITTSBURGH— The H.J. Heinz Co. will resume food production in Pittsburgh for the first time since 2002, when the ketchup giant sold its production plant to Del Monte Foods. The Pittsburgh Post-Gazette reports the baby food will be shipped to Canada.
WASHINGTON— The U.S. current account trade deficit narrowed slightly in the April-June quarter, reflecting gains in exports of oil and civilian aircraft and a bigger surplus in Americans' overseas investment earnings.
The board of Auxilium Pharmaceuticals Inc. has adopted a "poison pill" shareholder rights plan to ward off a hostile takeover after Endo International PLC announced an unsolicited offer worth about $1.41 billion for its fellow drugmaker.
Sept 17- Auxilium Pharmaceuticals Inc said it would not withdraw its offer to buy Canadian eye drug maker QLT Inc and adopted a poison pill, a day after receiving an unsolicited buyout offer from Endo International Plc.
Barcelona was awarded 5 million euro as top finisher. Four others were awarded 1 million euros each: the metropolitan area of Kirklees, England, and the cities of Stockholm; Warsaw, Poland; and Athens, Greece.
Sept 17- Laboratory equipment supplier VWR Corp said it expects its initial public offering of common stock to be priced between $22 and $25 per share, raising up to $638 million.
WASHINGTON— The Commerce Department reports on the U.S. current account trade deficit for the April-June quarter. WIDER DEFICIT: The expectation is that the deficit widened to $113.8 billion in the second quarter, up 2.3 percent from the first quarter, according to a survey of economists by data firm Fact Set.
BURNHAM, Maine— Lincoln Logs, the popular toy created nearly a century ago by a son of famous architect Frank Lloyd Wright, is coming home to the U.S.A..
AUGUSTA, Maine— A California billionaire's political operation is entering Maine's three-way race for governor and will target 90,000 potential voters who it believes can help defeat Republican Gov.
WASHINGTON— Cuts to the nation's food stamp program enacted this year are only affecting four states, far from the sweeping overhaul that Republicans had pushed, an Associated Press review has found. As a result, it's unclear whether the law will realize the estimated $8.6 billion in savings over 10 years that the GOP had advertised.
Sept 16- Endo International Plc made an unsolicited offer to buy Auxilium Pharmaceuticals Inc for about $2.2 billion, which analysts said could complicate Auxilium's buyout of Canadian eye drug maker QLT Inc.
Sept 16- United States Steel Corp said its Canadian arm would apply for relief from creditors under Canada's Companies' Creditors Arrangement Act and said it would drop plans to expand two of its facilities. Steel Canada, formerly known as Stelco, accounts for about $1 billion of U.S.
NEW YORK— Endo International PLC says it is making an unsolicited offer for Auxilium Pharmaceuticals that values Auxilium at $28.10 per share. Dublin- based Endo said the two companies have complementary products and added that there are significant opportunities for savings.
HARRISBURG, Pa.— Philadelphia's school system drew nearer to a badly needed infusion of cash with a unanimous Pennsylvania House committee vote Tuesday in favor of a $2- a-pack cigarette tax in the city.
MALVERN, Pa., Sept 16- As U.S. investors race into Vanguard Group mutual and exchange-traded funds at breakneck speeds, the No. 1 mutual fund company's overseas operations have expanded at a comparative snail's pace.
BOSTON— An energy company is seeking federal approval for a natural gas pipeline through northern Massachusetts that has already garnered significant local opposition. Houston- based Kinder Morgan Inc. filed a request with the Federal Energy Regulatory Commission on Monday.
PITTSBURGH— The final report from a landmark federal study on hydraulic fracturing, or fracking, found no evidence that chemicals or brine water from the gas drilling process moved upward to contaminate drinking water at a site in western Pennsylvania.
PITTSBURGH— A Connecticut construction company should pay a western Pennsylvania woman $15.8 million for injuries she suffered in a work zone crash a day before her daughter's wedding five years ago, a western Pennsylvania jury ruled.