Industrials

Borusan Mannesmann , Turkey's leading steel pipe manufacturer, will invest $150 million in building a production facility in the United States, the company said on Monday.

French trade unions accused President Francois Hollande of betrayal on Saturday after his government backed away from a threat to nationalize ArcelorMittal's Florange steelworks.

Stocks were set to open little changed on Monday as investors awaited any sign of progress in talks to avert the United States' so-called fiscal cliff of tax hikes and spending cuts.

Wuhan Iron and Steel Group, China's fourth-largest steel producer, has shelved plans to build a steel mill in Brazil after negotiations on infrastructure investment floundered, the company's head Deng Qilin said on Sunday.

Roman Abramovich, owner of Chelsea soccer club, may step up as a "white knight" minority shareholder to resolve a four-year power struggle at Norilsk Nickel in a deal that would also name the Arctic miner's largest owner Vladimir Potanin chief executive.

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Norwegian conglomerate Orkla expects to raise up to $350 million from floating off its specialist chemicals arm Borregaard and also hopes to cut debt by $175 million, it said on Monday.

Spanish steel producer Acerinox said on Tuesday it has decided, with immediate effect, to raise it base prices by 50 euros ($64.53) per metric tonne in Europe.

Norwegian conglomerate Orkla expects to raise up to $350 million from floating off its specialist chemicals arm Borregaard and also hopes to cut debt by $175 million, it said on Monday.

India plans to relax rules for oil and gas exploration licenses in time for the next bidding round, in a move to attract global companies.

Norwegian conglomerate Orkla expects to raise up to $350 million from floating off its specialist chemicals arm Borregaard and also hopes to cut debt by $175 million, it said on Monday.

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Microsoft kept its personal computer partners largely in the dark about its plans to launch a competing tablet computer, with some long-time collaborators learning of the new gadget only days before its unveiling, according to people with knowledge of the matter.

Altria is working on developing new products to entice smokers that are open to trying different types of tobacco and want a change from cigarettes. 

As a U.S. Navy commander, Jose Luis Sanchez helped oversee operations in an area spanning Japan, Russia, Singapore, Australia and many other countries across Asia.

Some residents of the New Hampshire town of Mason say they feel singled out by a proposed natural gas pipeline project that would cross the town twice over.