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U.S. Steel wins approval of Canadian unit restructuring

2014-10-09 05:25:00| Steel - Topix.net

The restructuring of U.S. Steel Canada Inc. will go ahead, with its parent company providing $185-million in financing to support the Canadian unit through the end of next year. The steel maker, operating under the protection of the Companies' Creditors Arrangement Act, has won approval of the Ontario Superior Court to receive debtor-in-possession financing from United States Steel Corp. President Barack Obama speaks at Millennium Steel Service in Princeton, Ind., Friday, Oct. 3, 2014, to discuss the economy as part of Manufacturing Day.

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GTTs new bunker vessel receives Bureau Veritas approval in principal

2014-10-08 01:00:00| Ship Technology

Gaztransport & Technigaz (GTT) has received an approval in principal (AIP) from Bureau Veritas (BV) for its bunker vessel.

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Nucor acquisition of Gallatin receives regulatory approval

2014-10-07 02:35:44| Steel - Topix.net

The Federal Trade Commission has approved Nucor Corp.'s $770 million acquisition of Gallatin Steel Co., Ghent, Kentucky. The steel minimill manufactures flat-rolled products and has an annual capacity of 1.8 million tons.

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Penske wins approval to build Porsche dealership

2014-10-07 00:18:38| Auto Dealers - Topix.net

Tripp Scott attorneys Dan Taylor , Stephanie Toothaker and Matthew Scott helped the Michigan-based company win permission to build Porsche of West Broward. The 60,000-square-foot dealership will be located at the southeast corner of Griffin Road and Interstate 75. "Penske Automotive Group is a highly respected brand that will serve our community well," Toothaker said in a news release.

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PPL Montana gets approval to sell hydroelectric facilities for $900m

2014-10-02 01:00:00| Power Technology

Montana Public Service Commission (PSC) has granted final approval to PPL Montana for the sale of its hydroelectric facilities to NorthWestern Energy, a power utility company in the US.

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