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LOCAL BRIEFING
Justice Dept. Approves Sale Of Sparrows Point Mill
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The Justice Department approved the sale of the Sparrows Point steel mill near Baltimore to Russian steelmaker Severstal, which agreed in March to buy the plant from Arcelor Mittal of Luxembourg for $810 million. The Justice Department ordered Arcelor Mittal in 2007 to sell Sparrows Point because of antitrust concerns over the production of tin-plated steel.
ENTERTAINMENT
Snyder's Six Flags Seeks To Become More Like Disney
Theme park operator Six Flags aims to become an entertainment company with its own characters to entice thrill-seekers to its parks, its chief executive Mark Shapiro said in a speech at the National Association of Broadcasters convention.
Shapiro said Six Flags' previous strategy was based on its roller-coaster hardware, but now it would focus on building anticipation to its rides through stories and characters -- much like the Walt Disney Co. -- while upgrading attractions.
Washington Redskins owner Daniel Snyder has served as chairman of money-losing Six Flags since winning a proxy battle in 2005. Since then, the New York-based company has invested $100 million in revamping its business model, including purchasing half of Dick Clark Productions, producer of the Golden Globes.
Compiled from reports by Washington Post staff writers, the Associated Press and Bloomberg News.
