ArcelorMittal sells stake in South African miner
BRUSSELS (Reuters) - ArcelorMittal (ISPA.AS), the world's largest steelmaker, on Thursday agreed to sell its 50 percent stake in South African miner Kalagadi Manganese to the chairwoman of joint venture partner Kalahari Resources.
The steelmaker will receive 3.9 billion rand ($438.20 million) for its stake in Kalagadi.
DETROIT - General Motors Co reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million for a compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.