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UPDATE 1-Nippon Steel takes $583 mln charge on Brazilian unit after oil slump
2015-01-29 12:09:16| Grocery - Topix.net
Nippon Steel & Sumitomo Metal Corp said on Thursday it took a 68.6 billion yen charge in the April-December period as a slump in oil prices was hurting profits at its pipe affiliate in Brazil. Japan's biggest steelmaker, which also supplies steel pipes to oil and gas companies globally, expects the drop in oil to have a negative impact on its earnings for the next business year starting in April, an executive said.
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UPDATE 2-UnitedHealth backs Gilead's Harvoni as preferred hepatitis C treatment
2015-01-29 03:19:07| Beverages - Topix.net
UnitedHealth Group Inc, the largest U.S. health insurer, on Wednesday backed Gilead Sciences Inc's Harvoni as the preferred hepatitis C treatment on its 2015 commercial drug coverage list, another victory for Gilead over competitor AbbVie Inc. Gilead and AbbVie have been battling for hepatitis C market share since the approval in December for an AbbVie drug that challenges Gilead's blockbusters. Insurers and pharmacy benefit managers have been striking deals for preferred or exclusive status in exchange for discounts for 2015.
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UPDATE 2-Electrolux shares hit record after profit beat and upbeat outlook
2015-01-28 22:16:51| Appliances - Topix.net
Home appliances maker Electrolux AB has raised its growth forecast for European markets this year after cost cuts powered it to a bigger than expected rise in quarterly earnings, sending its shares to a record high. The Sweden-based group, which makes fridges and dish washers under brands such as AEG and Zanussi as well as its own name, saw cost cuts in 2014 from years of plant closures kick in to fortify earnings amid tepid demand outside a firmly expanding U.S. market.
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California Environmental Law & Policy Update - January 2015 #2
2015-01-28 04:51:03| Grocery - Topix.net
On Tuesday, Governor Jerry Brown and other California leaders launched the state's high-speed rail project at a ceremony in downtown Fresno, declaring the city the nation's high-speed rail capital and the "central cog" of a new transportation system. The Governor, seeking to reset the public debate on the controversial $68 billion project, stressed the benefits the completed project could bring the state.
Tags: policy
january
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UPDATE 1-Higher shipment boosts steelmaker Nucor's profit
2015-01-27 18:33:33| Steel - Topix.net
Nucor Corp, the No. 1 U.S. steelmaker by market capitalization, reported a better-than-expected quarterly profit due to increases in selling price and shipments.
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profit
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