Word: mergers
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...Aceralia, leaving Usinor and Germany's Thyssen-Krupp in the running for Cockerill. When the Germans pulled out, Usinor got Cockerill's mills by default. Now those same mills are part of the new company-the most expendable part. No surprise then that workers there greeted the merger announcement with a one-day walkout...
...pressed into strips and rolled into coils). These are the basic divisions between long products and flat products, and each steelmaker has its forte. "There are only a few players in each product," Dupont says. "Most steel beams are made by Corus [itself formed two years ago through the merger of British Steel and the Netherlands' Hoogovens], Salzgitter or Arbed, and this new company has close to 40% of Europe's flat products, which is where the European Commission starts to get nervous." If the company is too big in any one area the Commission could squash the deal...
...maybe it was the sight of Mike screaming for drugs like a woman in labor. ("Shots - drugs - pain - I can take it - I'll take whatever you give me!") Maybe it was just that they'd gotten really excited about the prospect of heading into the Week 7 merger with a 6-to-4 advantage over their scraggly opponents...
...What next? The RTL stock swap left intact a cash horde of more than $10 billion, which Bertelsmann earned from its sale of stock in AOL after the online service announced its merger with Time Warner (TIME's parent). Though global in outlook, Bertelsmann has relatively few broadcast and Internet assets in North America, so the German giant could soon be trolling for bargains among companies that have been bloodied by the precipitous fall of the U.S. high-tech stock market nasdaq. The RTL deal also provided outsiders an intriguing glimpse into Bertelsmann's finances. Company officials...
...Second, Tom and Nicole. How many thousands of misty, reverent magazine stories were written about the union of Tom Cruise and Nicole Kidman? How perfectly suited and endlessly devoted they were to each other. But, as it turns out, it was a merger more than a marriage between two spoiled people who each wanted their...