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Market Update : 
Exxon Mobil - Record Profit
Author: 123jump.com Staff
123jump.com
Last Update: 4:18 PM EST January 30 2006

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The steel manufacturer Arcelor on Sunday rejected a takeover bid from its larger rival Mittal Steel. After a meeting at its headquarters in Luxembourg, Arcelor''s board unanimously snubbed Mittal''s $22.5 billion, hostile offer - which would have combined the top two global steel producers - on the ground that the companies do not share the same strategic vision, business model and values.


$122.88
 2.14%
$21.86
 0.09%
$84.42
 0.74%
$19.04
 0.63%
$52.29
 -0.04%
$19.64
 -2.19%
$22.60
 1.80%
$61.79
 -0.18%
$39.10
 -0.28%
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