Weirton bid rules questioned in bankruptcy sales
MARCO Steam Co. argues a creditor’s steam generation plant was wrongly grouped with Weirton Steel assets in a U.S. Bankruptcy Court sale. Judge Friend set an April 12 auction in Pittsburgh with a possible April 24 Wheeling hearing, as ISG seeks to buy the mill for 255 million. MARCO appeals and bids for the steam plant separately, saying EW Holdings owns the plant and the consolidation was improper.
MENTIONED IN THIS ARTICLE
Morgantomwn
W.va
Weirton Steel Corp
Mabco Steam Co
L Edward Friends
MABCO
U.S. District Court
Friend
Marco
Weirton Steel
Gregg Warren Sai
Ohio
International Steel Group
Weirton
West Virginia
ISG
Nucor Corp
John Correnti
Pittsburgh
Wheeling
Alarco
EW Holdings Inc
EW. Holdings
Alabco
Moton Sa
Petco buys 20 Kids R Us stores for 45 million
Petco Animal Supplies Inc agrees to acquire 20 former Kids R Us outlets from Office Depot for about 45 million plus lease obligations. The Florida and Ohio sites boost Petco’s footprint in underrepresented South Florida and Ohio markets ahead of the spring closing in 2004.
MENTIONED IN THIS ARTICLE
Delray Beach
Fla
Petco Animal Supplies Inc
Florida
Ohio
Kids “R” Us
Office Depot Inc
Minois
Kansas
Michigan
North Carolina
New York
Office Depot
Toys “R” Us Inc
Toys “R” Us
Petco
San Diego
Calif
Rising steel costs hit small manufacturers nationwide
Small manufacturers like Youngberg Industries suffer as mills add surcharges on steel from high scrap prices. Consumers face steady prices while big buyers pass costs up or down. experts blame China for soaring scrap costs and tighter Coke supply. Builders such as Miller & Long cope with higher reinforcing bar costs across dozens of projects amid volatile steel pricing.
MENTIONED IN THIS ARTICLE
Liebovich Bros
Rockford
Liebovich
Youngberg Industries Inc
Youngberg
China
U.S
Morgan Stanley
Wayne Atwell
Bush
John McMahon
Miller & Long Co
Bethesda
Microsoft calls $615M EU fine inappropriate
Microsoft defends itself against the European Union for seeking a record 615 million dollar antitrust fine. Horacio Gutierrez says the penalty exceeds EU guidelines and unfairly targets U S operations. The case highlights trans Atlantic tensions amid EU scrutiny of American tech firms.
MENTIONED IN THIS ARTICLE
Brussels
Belgium
Microsoft Corp
Unon
United States
U.S
Ge-Honeywell
Patty Murray
Microsoft
Washington
Horacio Gutierrez
European Commission
Recording industry sues 532 for music sharing
The Recording Industry Association of America filed John Doe complaints against 532 people, including 89 individuals at 21 universities and 443 users of commercial Internet providers, accusing them of illegally sharing digital music over networks. The lawsuits seek civil penalties or settlements potentially totaling thousands, with prior cases averaging about 3000 dollars.
MENTIONED IN THIS ARTICLE
Los Angeles
Recording Industry Association of America
RIAA
John Doe
Cary Sherman
Also Mentioned on This Page
The
Associated Press
Lucian Perkins
Washington Fost
Michael von Kaenel
Bethesda (Md
Europe
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Gutierrez
U.S. Department of Justice
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