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A bankruptcy court has approved U.S. Steel's controversial plan to relieve itself of tens of millions of dollars in pension and municipal tax obligations. The ruling severs the Canadian subsidiary from its American parent company ---- and the judge has called it one of the toughest decisions he's had to make. Lawyers for the steelmaker argue that it was a victim of changing market conditions that turned the former Stelco into a crisis requiring difficult measures. It had warned of an almost...

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