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Tata Steel pays $12 billon for Corus (Reuters)

Posted on January 31st, 2007. About Business.

Tata group Chairman Ratan Tata, speaks during company's annual general meeting in Mumbai July 11, 2006. India's Tata Steel is set to become the world's fifth-biggest steelmaker after winning a battle for Anglo-Dutch steelmaker Corus Group with a 6.2 billion pounds ($12 billion) offer. (Punit Paranjpe/Reuters)Reuters - India’s Tata Steel is set to become the world’s fifth-biggest steel maker after winning a dramatic bid battle for Anglo-Dutch group Corus with a 6.2 billion pound ($12.2 billion) offer.


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Fed seen holding rates steady (Reuters)

Posted on January 31st, 2007. About Business.

A new neighborhood in a Denver suburb, February 27, 2006. Facing a strengthening economy and moderating inflation, the Federal Reserve looks set for a stay-the-course strategy at its first policy-setting meeting of the year on Tuesday and Wednesday. (Rick Wilking/Reuters)Reuters - Faced with a strengthening economy and scant signs of runaway prices, the Federal Reserve appeared set to keep interest rates steady on Wednesday while keeping up a verbal guard against potential inflation.


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Futures slip as Fed, data loom; Boeing up (Reuters)

Posted on January 31st, 2007. About Business.

The Exxon logo in a file photo. U.S. crude oil futures prices rose on colder temperatures and a supply cut expected this week from OPEC producers. (Yuri Gripas/Reuters)Reuters - U.S. stock futures were flat to slightly lower on Wednesday before the Federal Reserve’s statement on the interest-rate outlook, data on fourth-quarter economic growth and a slew of corporate earnings.


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