 There's a merger in the steel business. Cleveland Cliffs is buying Canada's Stelco Holdings. It's valued at about $2.5 billion. However, Macy's says it will not be merging with Ark House Management and Brigade Capital Management. Macy's says after seven months of talks, it told the firms the offer was not sufficient. That's your Fox Business Report. I'm Ginny Kosolda. Invested in you.