Arcelor Boosts Profits and Spurns Mittal
17th Feb 2006, 09:36 GMT
European steelmaker Arcelor reported a 66 percent rise in net profit in 2005 and said the hostile takeover bid launched by Mittal Steel for the company "seriously undervalues" its business.
Latest news from NewsFactor Business:
- NYSE Books $28M Charge for Job Cuts
- Jim Allchin Clarifies Windows Antivirus Remarks
- Deutsche Telekom Gets a New CEO
- Japanese Stocks Fall to Six-Week Low
- Anadarko Selling Oilfield for $1.35 Billion
- U.S. Commerce Secretary Visits China
- Tyson Foods Posts Quarterly Loss
- Asia Summit Pushes WTO Talks
- Google Downplays Video Copyright Suit
- APEC Mulls Pacific-Wide Free Trade Zone