abc
QUICK LINKS:

Cliffs Confirms Hedge Fund Takes Control of Board

Updated: 08/05/2014 6:10 PM
Created: 08/05/2014 6:05 PM WDIO.com

The results of a shareholder vote are in, and Cliffs Natural Resources says there are six new members elected to the board of directors.

This was the goal of one of their biggest shareholders, Casablanca Capital, which is trying to change the strategy of the company to make it more profitable.

Cliffs, which owns or manages three mines in the Northland, said that five of their directors were re-elected to the board, including current CEO Gary Halverson.

The current chairman was not re-elected. A new chairman of the board will be elected soon.

Front Page

  • 2 Suspects Arrested, 1 at Large in Hibbing Armed Robbery

    Hibbing Police say two men have been charged for armed robbery and a third suspect is still on the loose. According to police, a man was robbed at gunpoint early Sunday morning on the 2400 block of Fourth Avenue East. They say there is no threat to the public.

  • Hunters Blame Brutal Winter For Expected Low Deer Harvest

    The Minnesota Department of Natural Resources expects this year's deer harvest will be one of the lowest in decades. But, that's by design.

  • Authorities Release New Details in Fond Du Lac Reservation Homicide

    Authorities said Tuesday that a Medical Examiner's report shows 31-year old Waubunoquay Dawn Randall of Stoney Brook Township died as a result of "multiple" stab wounds, allegedly at the hands of her husband. Authorities said they have now located the other woman they were searching for after she called 911 Tuesday night. 

  • Minnesota Hotline Set Up for Ebola Questions

    The state Health Department has set up a hotline to answer Minnesotans' questions about Ebola and precautions against the disease. The line will be staffed during regular business hours, from 8 a.m. to 4:30 p.m., Monday through Friday.

  • The Touchstone Awards: Men as Peacemakers

    Men as Peacemakers are using sports to help children succeed in the Duluth area. They've been honored for their work by the Duluth Superior Area Community Foundation.

 
Advertisement