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Published: November 12, 2007, 8:37 am

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08:34 MEH Midwest Air Group Reports that October Performance; Scheduled Revenue Passenger Miles increase 15.8% yoy (15.83 ) 08:33 PKX Posco looks for Chinese partner - FT (156.07 ) FT reports the co is considering taking a minority stake in a Chinese steelmaker as it accelerates overseas expansion plans and seeks to become the world’s third-largest steelmaker. Advancing into China, the world’s biggest steel market, was “inevitable”, said Lee Dong-hee, Posco’s CFO. The steelmaker aims to expand its annual global production capacity by about 60% to 50 mln tonnes by 2011. “We are reviewing several candidates to look for business opportunities and strengthen co-operation,” Mr Lee told the Financial Times. “The Chinese government does not allow foreign investors to become major shareholders of local steelmakers, so we want to take a minority stake but will seek to exert management control within the legal framework.” 08:33 NTRZ

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