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Astec Industries (ASTE) Set to Announce Quarterly Earnings on Tuesday
2015-10-19 10:54:01| Industrial Machines - Topix.net
Astec Industries will issue its Q315 quarterly earnings data on Tuesday, October 20th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $225.27 million for the quarter.
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United Technologies (UTX) Set to Announce Earnings on Tuesday
2015-10-19 10:54:00| Industrial Machines - Topix.net
United Technologies will post its Q315 quarterly earnings results on Tuesday, October 20th. Analysts expect United Technologies to post earnings of $1.56 per share and revenue of $14.56 billion for the quarter.
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EU regulators set 3-mth deadline for new safe harbour deal
2015-10-19 09:27:00| Telecompaper Headlines
(Telecompaper) The EU's data protection regulators have given the EU and US three months to negotiate a new 'safe harbour' agreement on the transfer of personal data to the US, or the regulators may start pursuing enforcement action against companies. The existing designation for the US as a 'safe' destination for data on EU residents was overturned in a ruling by the EU Court of Justice. It found the US could not be considered safe given the evidence of wide-ranging data collection by security services in the US and the lack of legal recourse for EU citizens in the US if their data is misused. The Article 29 Working Party, which unites the EU's data protection regulators, said in a statement that it was "absolutely essential" for EU members to take a common position on implementation of the court ruling. They called for the EU to open talks with the US in order to find ways for data to be transferred between the countries while still respecting fundamental rights of the data subjects. Until a new agreement can be reached, companies may continue to use standard contractual clauses and binding corporate rules to provide protection for subjects of data collection and transfer. The Article 29 group will start a review of these and other tools to assess the impact of the ECJ ruling. If no apporpriate solution is found with the US by the end of January 2016 and depending on the results of the regulatory review, the EU data protection authorities said they are "committed to take all necessary and appropriate actions, which may include coordinated enforcement actions".
Closing date set for Labasa Sugar Mill
2015-10-19 08:56:15| Sugar Industry News
Crushing for the 2015 season at the Labasa Sugar Mill will end next Saturday.
Government taking initiative to set sugar industry back on growth trajectory
2015-10-19 08:56:15| Sugar Industry News
Sugar is a sector of significant importance to the national economy, an important agro - based industry that impacts rural livelihoods of about 50 million sugarcane farmer and around 5 lakh workers directly employed in sugar mills. The industry is highly fragmented with organized and unorganized players. The sugar industry also supports diversified ancillary activities and skills that support the local economy. The country is the largest consumer of sugar and usually consumes all sugar produced domestically. About 62-65% of sugar is consumed directly by bulk users. While consumption has been growing historically, the production has been cyclical. Sugarcane is primarily grown in nine states of India: Andhra Pradesh, Bihar, Gujarat, Haryana, Karnataka, Maharashtra, Punjab, Uttar Pradesh and Tamil Nadu.
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