Cleveland-Cliffs Inc and Alpha Natural Resources, Inc. announced that each company’s Board of Directors has approved a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
Under the terms of the agreement, for each share of Alpha common stock, Alpha [...]

Anadarko Petroleum Corporation announced it has agreed to sell its interests in certain natural gas properties in Oklahoma and Texas to EXCO Resources, Inc. for $860 million. The sale is effective Jan. 1, 2007.
“We are very pleased with the progress we have made with our asset sales program and debt reduction. In the [...]

Thirty-three of 35 state senators have signed a petition urging Gov. Jim Risch to opt out of a federal pollution trading program that, if adopted, could clear the way for coal-fired power plants to be built in Idaho.
Twenty-six Republicans and seven Senate Democrats want to buy more time for state agencies — the departments of [...]