Management Newsfeed Update

A group of investors is in talks to buy the General Motors building in Manhattan and up to three other properties from New York developer Harry Macklowe for $3.6 billion to $3.9 billion, the Wall Street Journal reported on its website on Tuesday.

Shares of Macarthur Coal Ltd. surged Wednesday after ArcelorMittal, the world’s largest steelmaker, bought a 14.9 percent stake in the miner and opened discussions about another transaction.

Shares of Macarthur Coal surged Wednesday after ArcelorMittal, the world’s largest steelmaker, bought a 14.9 percent stake in the miner to lock up raw materials.