International Business News - Reliance http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Reliance Steel & Aluminum Co. said Friday its profit margins deteriorated in the first half of November as selling prices fell and economic uncertainty eroded demand. http://www.ibtimes.com/articles/20081121/reliance-steel-says-profit-margins-shrank-in-nov.htm Fri, 21 Nov 2008 10:30:37 EST Indian oil and petrochemical company Reliance Industries Ltd. said Thursday profits for the second quarter rose 7.43 percent to 41.22 billion rupees (US$877 million) on higher oil prices. http://www.ibtimes.com/articles/20081023/india-reliance-industries-profits-up-7-percent.htm Thu, 23 Oct 2008 10:55:24 EDT Reliance Steel & Aluminum Co.'s third-quarter profit climbed 63 percent partly due to gains from an acquisition, the company said Thursday. Net income rose to $152.5 million, or $2.07 per share, for the three months ended Sept. 30. That compares with $93.6 million, or $1.22 per share, during the same period last year. http://www.ibtimes.com/articles/20081016/reliances-3q-profit-jumps-thanks-to-acquisition.htm Thu, 16 Oct 2008 15:38:15 EDT Director Steven Spielberg met with Anil Ambani, one of India's top industrialists, to finalize the launch of a new movie studio in Los Angeles in January, two people familiar with negotiations said Friday. http://www.ibtimes.com/articles/20081003/indias-ambani-meets-spielberg-on-studio-deal.htm Fri, 03 Oct 2008 10:56:17 EDT DreamWorks SKG, the movie production vehicle for star director Steven Spielberg, on Friday completed a widely expected new financing deal with Reliance Entertainment of India, a person close to the talks said. http://www.ibtimes.com/articles/20080919/dreamworks-gains-financing-from-reliance-of-india.htm Fri, 19 Sep 2008 18:31:11 EDT Shares of Reliance Steel & Aluminum Co. rose Tuesday after an analyst increased his earnings estimate for the recently enlarged company. On Aug. 4 the Los Angeles-based company completed its $340 million acquisition of PNA Group Holding Corp., a steel service center company, and arranged financing for the deal. Reliance assumed $725 million of PNA's debt. PNA buys steel and then processes and distributes it for industrial and commercial customers. http://www.ibtimes.com/articles/20080819/reliance-steel-aluminum-gains-on-analyst-note.htm Tue, 19 Aug 2008 19:16:41 EDT Vornado Realty Trust said Wednesday it has formed a joint venture with India's Reliance Industries Ltd. to invest in shopping centers in India. Vornado, a Paramus, N.J.-based real estate investment trust, and Reliance will each commit up to $250 million to the 50/50 venture to acquire, develop and operate shopping centers in key Indian cities. http://www.ibtimes.com/articles/20080813/vornado-reliance-form-retail-venture-in-india.htm Wed, 13 Aug 2008 10:14:44 EDT Reliance Entertainment of India and DreamWorks SKG are close to finalizing a deal to set up a new film company, three people familiar with the negotiations said Monday, allowing Steven Spielberg and others to split from Viacom Inc.'s Paramount Pictures subsidiary. http://www.ibtimes.com/articles/20080811/dreamworks-indian-company-seen-as-close-to-a-deal.htm Mon, 11 Aug 2008 16:35:40 EDT Reliance Steel & Aluminum Co. said Monday it completed its acquisition of PNA Group Holding Corp., a steel service center company, and arranged financing for the deal. http://www.ibtimes.com/articles/20080804/reliance-steel-aluminum-buys-pna-group-holding.htm Mon, 04 Aug 2008 09:53:25 EDT Reliance Steel & Aluminum Co. said Friday it has canceled a previously announced stock offer of around 6.8 million shares because of market conditions. http://www.ibtimes.com/articles/20080725/reliance-steel-cancels-6-8-million-share-offering.htm Fri, 25 Jul 2008 07:28:56 EDT Reliance Steel & Aluminum Co., which processes and sell products to aerospace, energy and construction companies, said Tuesday its board declared a regular quarterly cash dividend of 10 cents. http://www.ibtimes.com/articles/20080722/reliance-steel-declares-10-cent-dividend.htm Tue, 22 Jul 2008 11:19:27 EDT South Africa's largest mobile phone network operator, MTN Group Ltd., said Friday it has failed to reach a deal in talks with India's Reliance Communications Ltd. http://www.ibtimes.com/articles/20080718/mtn-no-deal-with-reliance.htm Fri, 18 Jul 2008 17:49:33 EDT Reliance Steel & Aluminum Co., which processes and sells products to aerospace, energy and construction companies, said Thursday its fiscal second-quarter profit rose 28 percent due in part to high carbon steel prices. http://www.ibtimes.com/articles/20080717/reliance-steel-profit-grows-28-percent-in-2q.htm Thu, 17 Jul 2008 16:26:27 EDT Reliance Steel & Aluminum Co., which processes and sells products to the aerospace, energy and construction companies, said Thursday it plans a public offering of 6.8 million common shares. http://www.ibtimes.com/articles/20080717/reliance-steel-to-offer-6-8-million-common-shares.htm Thu, 17 Jul 2008 11:11:36 EDT Among the earnings projection stories for Tuesday, June 24, from AP Financial News: LOS ANGELES (AP)--Steel processor Reliance Steel & Aluminum Co. on Tuesday boosted its second-quarter guidance, citing larger and faster-than-expected increases in carbon steel product prices. http://www.ibtimes.com/articles/20080624/outlook-roundup-reliance-steel-conagra.htm Tue, 24 Jun 2008 10:39:40 EDT Steel processor Reliance Steel & Aluminum Co. on Tuesday boosted its second-quarter guidance, citing larger and faster-than-expected increases in carbon steel product prices. http://www.ibtimes.com/articles/20080624/reliance-steel-boosts-2q-profit-prediction.htm Tue, 24 Jun 2008 09:20:24 EDT India's Reliance Entertainment and other investors are in talks with Hollywood's DreamWorks SKG to raise up to $2 billion to create a movie venture, two people familiar with negotiations said Tuesday. http://www.ibtimes.com/articles/20080624/indias-reliance-talking-with-dreamworks.htm Tue, 24 Jun 2008 17:18:23 EDT Reliance Steel & Aluminum Co. said Tuesday it agreed to buy PNA Group Holding Corp., a steel service center group owned by Platinum Equity, for about $1.1 billion. http://www.ibtimes.com/articles/20080617/reliance-steel-buys-pna-group-for-1-1b.htm Tue, 17 Jun 2008 09:40:28 EDT A feud that split one of India's most powerful business families two years ago resurfaced this weekend over the potential takeover of a South African telecom company. http://www.ibtimes.com/articles/20080616/indias-ambani-brothers-in-new-feud.htm Mon, 16 Jun 2008 10:48:16 EDT The vice president and corporate controller of metals processor Reliance Steel & Aluminum Co. exercised options for 2,500 shares of common stock, according to a filing with the Securities and Exchange Commission Friday. http://www.ibtimes.com/articles/20080602/reliance-steel-aluminum-vp-exercises-options.htm Mon, 02 Jun 2008 14:16:08 EDT