Baker Hughes To Record Second Quarter Tax Benefit
Baker Hughes Inc. will reportedly recognize a tax benefit of $20 million in the second quarter as a result of an agreement with the U.S. Internal Revenue Service…
Merger Throws European Steel Sector In Spotlight
Confirmation of merger talks between British Steel and Dutch group Hoogovens reportedly threw Europe's struggling steel sector into the spotlight as investors bet on the next takeover targets.
Kosovo Causes German Barge Shipping Losses
The blockage of the Danube in the Kosovo conflict is reportedly halting 80,000 tons of monthly shipments to and from Germany's inland waterways.
Daewoo Wins $65M Omani Port Deal
Oman reportedly signed a $65.5 million deal with South Korea's Daewoo Corp. to build a reef for a port in northern Oman.
Hyundai Heavy Aiming For KSE Listing
South Korea's leading shipbuilding firm Hyundai Heavy Industries Co. reportedly aims to list its shares on the Korea Stock Exchange in several months.