NATION

NATION
Rouge board to suggestapproval of sale of assets
DETROIT -- The board of directors for bankrupt steelmaker Rouge Industries Inc. plans to recommend that a judge approve the sale of its assets to Russian steelmaker Severstal, the company announced Sunday.
Severstal had a top bid -- $285.5 million -- in a Friday auction for Rouge's assets that ended early Saturday. Pittsburgh-based U.S. Steel was the only other participant in the auction, which was held in New York.
A final sales hearing was scheduled today in U.S. Bankruptcy Court in Wilmington, Del.
Associated Press