Monday, 25 Aug 2008 | Source: The Associated Press
Federal regulators have approved iron ore miner Cleveland-Cliffs Inc.'s purchase of coal producer Alpha Natural Resources Inc., the companies said Monday.
Iron ore and coal miner Cleveland-Cliffs said on Wednesday that it would acquire Alpha Natural Resources for $10 billion in cash and stock, expanding its coal assets and positioning itself to capitalize on the boom in the global steel industry.
Despite their record breaking profits, Exxon Mobil dragged the Dow lower Thursday after its earnings fell short of Wall Street's expectations... Read More