Thursday, January 18, 2007

Auto parts - Weirton native lands on cover of Wall Street Journal


Weirton native lands on cover of Wall Street Journal
Weirton Daily Times - Weirton native Mike Psaros recently was on the cover of The Wall Street Journal because of his company s success. Psaros company, KPS Capital Partners, was featured in the journal because of its recent success in the automotive parts industry

Dearborn men involved in mix-up
Detroit Free Press - incident -- Amar Al Hadad, 28; his brother, Hussain Al Hadad, 24; and Hassan El Sayed, 20 -- were taken into custody after Amar Al Hadad allegedly told a security guard that he was alone in a cargo truck that was delivering a load of automotive parts

Charges dropped in Miami port scare
MSNBC - The truck s contents electrical automotive parts in a 40-foot container matched the driver s cargo manifest, she said. The three men did not appear on any terrorist watch list, said Barbara Gonzalez, a U.S. Immigration and Customs

Highland bids $4.7bn for Delphi
MSN MoneyCentral - A battle erupted on Thursday for control of Delphi, the bankrupt Michigan-based automotive parts supplier, with a $4.7bn bid by Highland Capital Management, a Texas-based hedge fund. Highland, which has built up a significant position in Delphi over

Delphi in $3.4bn injection
MSNBC - Delphi, North America's biggest automotive parts maker, has passed a significant milestone in its court-supervised restructuring with a deal for a $3.4bn equity injection by five hedge funds and investment banks. The deal could also help smooth the