by Matthew Philips and Cristina Lindblad, Bloomberg, Sept. 3, 2015 When John Pierpont Morgan bought Andrew Carnegie’s steel business and combined it with two competitors to create U.S. Steel in 1901, the result was the world’s first billion-dollar corporation. Its roughly $1.4 billion market value would translate into about $33 billion in current dollars. But the…
Read more »by David Boe, Business North, Aug. 27, 2015 With five months of uncertainty still remaining, 2015 is turning out as a red-letter year for iron mining in the Northland. Hundreds have lost their jobs as mines on the Iron Range have been idled, with more losses possible as the industry – and the region –…
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