Milacron board adds new member

Steven N. Isaacs has been appointed to the board of directors of Milacron Inc., the Walnut Hills company said Tuesday.

Isaacs, 40, is a director of Glencore Finance AG, an investment company in Switzerland. He is also a director of Mopani Copper Mines Ltd. in Zambia and an alternate director of Minara Resources Limited in Australia.

He was selected for appointment as a director and as a nominee for re-election by Glencore Finance AG and Mizuho International plc, which recently refinanced Milacron's debt.

Capital fund completes $4M deal

River Cities Capital Funds announced Tuesday that it has completed a $4 million investment in Galaxy Associates Inc. in cooperation with several private investors and Galaxy managers.

Proceeds of the investment were used in the acquisition of Minneapolis-based Fremont Industries Inc., General Industrial Division (Fremont).

"We are extremely pleased to be able to provide capital in support of this important acquisition by a Cincinnati-based company," said Ted Robinson, managing director of River Cities Capital Funds.

No current jobs are expected to be affected by the acquisition agreement.

News Corp. to reincorporate in U.S.

News Corp., Rupert Murdoch's mammoth global media company, said Tuesday morning it intends to reincorporate in the United States from Australia, where it has been since 1949, when Murdoch's father began to buy up interests in Australian newspapers.

As part of the move, the company said it will shift its primary listing to the New York Stock Exchange, while retaining secondary listings in Australia and on the London Stock Exchange.

First-quarter sales down for Nokia

HELSINKI, Finland - Nokia, the world's biggest cell phone maker, said its first quarter sales were down about 2 percent from last year, signaling that its sales were as much as 9 percent below expectations. But it said it should meet earnings expectations.

Nokia cited poor sales Tuesday as it estimated sales were about 6.6 billion euros ($7.92 billion) in the first quarter. The company expects to report its results on April 16.

Fiorina, Greenberg appointed to NYSE

NEW YORK - Hewlett-Packard Co. chairman and chief executive Carly Fiorina and Marsh & McClennan Cos. chairman and CEO Jeffrey Greenberg have been appointed to the New York Stock Exchange's board of executives, the exchange said Tuesday.

The board of executives is an advisory board made up of the NYSE's main constituents - investment bankers, institutional investors, pension funds, traders and representatives of listed companies.

SEC looking into Mamma.com trading

MONTREAL - The U.S. Securities and Exchange Commission has started an informal inquiry into recent trading activity in the stock of Internet search engine Mamma.com Inc., the company said Tuesday.

The Montreal-based company's stock price doubled in early March following the release of strong fourth-quarter results. Trading activity has remained brisk since then. Mamma.com said it is not aware of any information it has not already made public which might account for the stock run-up.

Letter writer thought mistrial declared

NEW YORK - The author of a letter that contributed to the mistrial in the Tyco case told police he thought a mistrial already had been declared when he wrote it, a police official said Tuesday.

The signed letter expressed anger at juror Ruth Jordan for appearing to favor the acquittal of two executives charged with looting Tyco International. The juror also received a phone call, perceived as intimidating, that police believe was from someone other than the letter writer.