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Severstal Buys WCI Steel for $141 Million

May 17, 2008

A potential suitor for Esmark, its partner in the Mountain State Carbon coke plant at Follansbee, has purchased Warren-based WCI Steel for $141 million.

OAO Severstal, a Russian steelmaker and ore firm, announced its agreement to buy WCI Friday.

Severstal and Wheeling-Pittsburgh Steel Corp., an operating unit of Esmark, have been joint venture partners since 2005 in operating the Follansbee coke plant.

The United Steelworkers have backed away from statements made by a union official in early April that Severstal was going to buy Esmark and neither Severstal nor Esmark have confirmed talks were under way.

However, a union letter Friday to James Bouchard, Esmark’s chairman and chief executive, indicated offers for Esmark have been made at various times since February, though a copy of the letter did not indicate who was making the offers.

Esmark has entered into loan agreements with India’s Essar Steel Holdings and has reached agreement on a $17 per share offer. The USW said Friday Esmark violated right-to-bid rights of the union in its dealings with Essar by failing to provide the Steelworkers with adequate notice. The union also reminded Bouchard a deal with Essar cannot be closed unless a contract is reached by Essar with the Steelworkers.

WCI makes custom, flat-rolled steel. Severstal also owns the former Ford Rouge Steel plant in Dearborn, Mich., and has opened a new steel mill in Columbus, Miss.

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Boy Allegedly Shot With Pellet Gun

May 17, 2008

Valley View Avenue resident Tina Butts always felt safe about her kids playing in the alley behind her home. But that was before someone allegedly shot her 9-year-old son, Michael, in the chest with a pellet gun about 8 p.m. Thursday.

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Army Shows Off Portable Bridge

May 17, 2008

The 459th Engineer Company of the U.S. Army Reserves practiced its bridge-building skills Friday on the Ohio River.

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Jefferson Community College Graduation Is a Family Affair

May 17, 2008

Monica Hasley will be a proud daughter when she watches her father, Wayne, walk across the stage today to accept his two-year accounting degree from Jefferson Community College.

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Hughes Named MTR Gaming CFO

May 16, 2008

CHESTER, W.Va. (AP) — David R. Hughes has been named chief financial officer and executive vice president of MTR Gaming Group Inc.

Hughes joined the company as chief operating officer in 2003.

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WVNCC Announces $6 Million Endeavor

May 16, 2008

West Virginia Northern Community College plans to spend $6 million to expand its facilities in both Wheeling and Weirton.

WVNCC President Martin J.

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