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Opening Day Of The World Economic Forum (WEF) 2016

ArcelorMittal to sell 3 of its US steel operations

Billionaire Lakshmi Mittal-controlled ArcelorMittal is selling three of its US steel operations to Black Diamond Capital Management. As part of the sale deal, ArcelorMittal will offload three units at LaPlace in Louisiana, Harriman in Tennessee and El Paso in Texas. Both companies denied to provide terms of the deal.

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Coal-Fired Power Plants As Natural Gas Becomes Main Source Of U.S. Electricity Generation

Louisiana Public Service Commission Rejected Macquarie's Move to Acquire Public Utility Cleco Power LLC

State regulator rejected a $4.85 billion dollar acquisition of utility power company Cleco to Macquarie Group on Wednesday. The regulator said that the acquisition did not serve the best interest of the customers.

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Liquefied Natural Gas (LNG) Ltd

LNG closes $49.5M in placement for Magnolia facility

Perth, Australia-based publicly listed firm Liquefied Natural Gas (LNG) Ltd secured $49.5 million in a placement of 90 million shares to its Australian and new US investors at $0.55 apiece for development of its Magnolia LNG facility.

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Rural Broadband Investments LLC

Rural Broadband Investments snaps up Poplar Bluff cable system

Kansas, US-based broadband infrastructure investor Rural Broadband Investments LLC snapped up the cable system catering to Poplar Bluff, Missouri, for an undisclosed amount to provide people with better cable and internet services.

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Bay Bank

Alabama's Bay Bank bought by The First in $6.6M merger deal

Alabama, US-based banking firm Bay Bank has been bought by Hattiesburg-based firm The First Bancshares Inc in a merger deal worth $6.6 million in combined cash and stock.

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Terral RiverService

CHS picks up Terral RiverService's fertilizer business in Lake Providence

Minnesota, US-based CHS Inc agricultural and energy firm CHS Inc picked up the fertilizer business of Lake Providence, Louisiana-based river transportation service provider Terral RiverService for an undisclosed sum.

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Huntington Ingalls Industries

Huntington Ingalls buys Colorado-based firm Stoller

Newport News, Virginia-based nuclear services provider Huntington Ingalls Industries has picked up Broomfield, Colorado-based environmental engineering company SM Stoller Corp in a deal, of which financial terms were undisclosed.

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General Motors

Caddo agency purchases former GM plant in Louisiana

The officials of Caddo Parish's Industrial Development Board closed the deal on Friday afternoon to acquire the former General Motors (GM) facility from RACER Trust for $7.5 million.

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Entergy Corp

US power firms Entergy and ITC abandon merger deal

Louisiana-based big utility Entergy Corp ended its plans to transfer its high-voltage power lines to independent electricity transmission firm ITC Holdings Corp after Mississippi regulators rejected the deal.

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CenturyLink

CenturyLink buys cloud service provider Tier 3

US-based telecommunications giant CenturyLink acquired enterprise cloud service provider Tier 3 in a deal that improved the combined company's speed, security level, and product offerings.

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