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Market Update : 
Arcelor Hikes Dividend, Fights Mittal
Author: Elena Todorova
123jump.com
Last Update: 9:03 AM EST February 16 2006


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Asian markets closed strong, following Bernanke''s testimony and the oil prices drop. Taiwan climbed 1.44%, followed by the Nikkei, up 0.84%. European averages were led by the French CAC 40, up 0.2%. DaimlerChrysler said 2005 net profit advanced 15%, beating estimates but its operating profit dropped 10%. In Q4, the automaker posted 84% income rise. Arcelor plans to double its dividend to 768 million euros, trying to fend off a hostile $21.9 billion bid from Mittal Steel.

 

 

 
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