Boston, MA 02/10/2014 (wallstreetpr) – ArcelorMittal (ADR) (NYSE:MT) is interested in buying part or all of Ilva, an Italian steelmaker. Reports about this possible takeover surfaced over the weekend. MT is the world’s largest steelmaker while Ilva runs the biggest steel plant in the whole of Europe. The company produces steel products used mainly be shipbuilders, carmakers and electrical appliance manufacturers. Ilva is a family controlled business at it accounts for about 40 percent of the Italian steel output. The company has been at the center of a long-standing environmental dispute, thus the company is currently under special administration since last year. By acquiring Ilva in whole or part, Mt would effectively boost its position in southern Europe, and more so, acquire more price control in the region. By the time of this writing, ArcelorMittal (ADR) (NYSE:MT) had not commented on the speculation, yet various media outlets have reported the same.
JPMorgan Chase & Co. (NYSE:JPM) will pay about $1.5 million in to settle sex discrimination charges brought against it by the U.S. Equal Employment Opportunity Commission. Several women claimed that they were sexually harassed and such cases date back to 2006 though EEOC brought up the case against the bank in 2009. The bank’s supervisors apparently used sexually charged comments and behaviors that didn’t go down well with some women bankers. Thus, the amount of fine quoted in the case will go to about 16 women employees. According to Jason Lobo, the bank’s spokesperson, harassment and discrimination have no place in the workplace, including JPMorgan Chase & Co. (NYSE:JPM).
Advanced Micro Devices, Inc. (NYSE:AMD) is still a source of good news however much we know that the company is facing intense competition in the market, especially from such well established rivals like Intel Corporation (NASDAQ:INTC). First, AMD featured in the recognition list of about 24 top PR, Marketing and Social Media Award in 2013. And also, although the company plummeted about 12 percent around January 24, it is rising steadily. If that is not enough, it should be recalled that the Advanced Micro Devices, Inc. (NYSE:AMD)’s revenue estimates for the current quarter are encouraging.
