COMPANIES

AcelorMittal, the world's largest steelmaker, announced Tuesday it would keep an operating unit in Luxembourg shuttered indefinitely, the result of poor demand amidst a weak housing market in Europe.

Thomas Chan, a senior project planning and land acquisition executive at Sun Hung Kai Properties, was arrested by Hong Kong's Independent Commission Against Corruption on Monday, the company said.

The market clearly liked the news – Apple shares jumped 2.65 percent on Monday to close above $600 per share for the first time.

To power all of these new features of the new iPad and maintain a 10-hour battery life, Apple had to upgrade the iPad 2's rechargeable lithium-ion battery and make it substantially bigger. But at what cost?

Deutsche Börse AG, the operator of the Frankfurt stock exchange, announced Tuesday that it will appeal the decision by European antitrust regulators to block its planned merger with NYSE Euronext, the New York Times said.

Nearly 23 years to a day after an overworked mariner crashed it into a reef, causing it to spill hundreds of thousands of barrels of oil into the pristine Alaskan sea, the bulker formerly known as the 'Exxon Valdez' is being retired and sold for scrap. In an ironic twist, the ship at the center of one of the most infamous environmental disasters ever will be recycled in a process called one of the greenest by an executive in the vessel demolition world.

Wendy's had toppled Burger King's rein as the second biggest fast food chain, after McDonalds. The burger joint has surpassed Burger King's U.S sales for the first time since it was established in 1969, according to a report by research firm Technomic Inc.

On Monday, Starbucks, the well-known coffee company, opened the doors to their latest store, Evolution Fresh. Don't expect to walk in there for your daily coffee fix though; Starbucks newest venture is a juice bar.

Even though the app is only five weeks old, the turn-based Pictionary-style game called Draw Something, created and developed by New York-based gaming company OMGPOP, has risen to the top of the iOS and Android App Stores. The addictive drawing and guessing game boasts 25 million registered users, 10 million active daily users, and almost 1 billion paid ad impressions per day.

The bank, formally known as the Institute for Works of Religion (IOR), reportedly failed to provide a Milan affiliate of JP Morgan with details about payments into the account, in which €1.8 billion was deposited in the last 18 months.

The Samsung Galaxy S2 smartphone, a leading challenger to Apple's iPhone, has received the eagerly awaited Android 4.0 Ice Cream Sandwich update.

Jeremy Lin, despite the dissipating Linsanity, is still attracting major corporations beyond Nike for endorsements. Monday, Volvo announced a two-year deal with the New York Knicks sensation.

Rumors are rife that Microsoft is hard at work on the highly anticipated next-generation Xbox 720. Reports flooding the internet have suggested that the new Xbox 720, which reared its head back in 2005, will arrive later this year.

The Federal Reserve plans to fine eight more bank holding companies for improper home mortgage foreclosures, the latest fallout from the so-called robo-signing scandal in which banks filed foreclosure documents without verifying their accuracy.

iPhone 5 is one of the most-anticipated devices of the year.

March 2012 will witness a slew of new game releases that gamers have been itching to get their hands on. This week comes with something for everyone, including the PS3, Xbox, Nintendo 3DS, PC, Mac, iOS and Android users.

A Reverse Telephone Lookup, which is commonly known as gray pages directory, criss-cross directory or reverse phone directory, is one of the most popular investigative searches on the Internet to collect customer details associated with telephone numbers. Check out the list of five best US service providers.

Washington Mutual Inc , one of the biggest corporate casualties of the 2008 financial crisis, on Monday emerged from bankruptcy protection, just two weeks after Lehman Brothers Holdings Inc also emerged from Chapter 11.

The Colorado School of Public Health concludes that residents close to hydraulically fractured natural gas wells are at risk to their health.

Square-shaped burger paddies have surpassed charbroiled slabs of meat, as Wendys' Co. (NASDAQ: WEN) leapfrogged Burger King Holdings Inc. (NYSE: BKC) to become the second-largest U.S. hamburger chain, according to Technomic Inc.'s Top 500 Chain Restaurant Report.

Oprah Winfrey, the talk show host and tastemaker maven, has sold her full-floor penthouse at 207 East 57th Street in Manhattan for $7.9 million.

In three short days, Apple has sold off more three million copies of its third-generation iPad, simply called the new iPad, the company said in a statement released Monday. The new iPad features a stunning new Retina Display, which is the best screen to ever grace a tablet, the speeds of 4G LTE connectivity, an improved 5-megapixel iSight rear camera, and a bigger battery to power 10 hours of life.

QuestBack, a fast-growing Norwegian developer of feedback software, is making a play for the U.S. market by opening an office and beefing up local personnel.

A federal appeals court upheld most of a 2009 law that lets the Food and Drug Administration tightly regulation tobacco marketing and packaging.

Apple (Nasdaq: AAPL) closed above $600 a share for the first time after announcing a $10 billion share buyback with plans for a $2.65 share dividend later this year.

Apple (AAPL) is feeling generous. After a record-breaking quarter announced in January and a record-breaking launch weekend for the new iPad, Tim Cook decided to share some of Apple's $100 billion in cash on Monday to fulfill a deep-seated desire of investors, announcing a quarterly dividend and a three-year shares buyback program to go in effect later this year.

When the late Steve Jobs had a will, he often got his way. That's why Apple hasn't paid a dividend since 2005.

Is Digiboo, the new kiosk movie service that allows users to download films instead of spitting out traditional DVDs, a threat to the more established Redbox brand of kiosks?

There's not a whole lot to say here besides to remark on how lucky this driver at Lonestar Motorsports Park was to not total his $89,950 MSRP Nissa GT-R. Hopefully the fortunate individual will study what went wrong with the launch and be a bit more careful in the future.