Mittal's Arcelor bid cleared in Canada
New Delhi: Mittal Steel has received assurance from the Canadian Competition Bureau that it will not challenge Mittal's bid to acquire Arcelor. Mittal Steel said the clearance accorded by the Canadian Competition Bureau was unconditional.

"Along with the granting of EU anti-trust clearance on June 2 last and the expiry of the waiting period under the US Hart-Scotte-Rodino Antitrust Improvements Act of 1976 on May 11, 2006, this clearance is a further positive and important step towards the successful completion of Mittal's bid," the company said in its statement.
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US stocks recover some losses
Mumbai: US markets recovered some dizzying losses and finished mixed on Thursday. This was after the White House released data on US economic growth that eased market jitters about a sharp slowdown. The Dow Jones Industrial Average, after falling more than 200 points in early trade, managed a gain of 6.16 points or 0.06 per cent to 10,937.06 at the closing bell.

The Nasdaq composite finished down 6.48 points or 0.30 per cent at 2,145.32 after sliding more than 50 points. The broad-market Standard and Poor's 500 index gained 1.52 points to 1,257.67 after falling more than 20 points.
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