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Nippon Steel believes shareholder accord necessary for Usiminas plan, source says
2016-02-16 04:55:56| Steel - Topix.net
Feb 15 Nippon Steel & Sumitomo Metal Corp is willing to participate in a potential capital increase for ailing Brazilian steelmaker Usinas SiderAorgicas de Minas Gerais SA if an understanding with other shareholders is reached in principle, a source with direct knowledge of the matter said on Monday. The source, who requested anonymity because of the sensitivity of the issue, said that an accord between Nippon Steel and Techint Group - the other controlling shareholder at the steelmaker known as Usiminas, is unlikely to happen before the latter releases fourth-quarter results on Thursday.
UPDATE 1-Nippon Steel sees Usiminas accord necessary for capital plan, source says
2016-02-16 04:55:55| Steel - Topix.net
Feb 15 Nippon Steel & Sumitomo Metal Corp would be willing to participate in a capital increase for ailing Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA if an understanding with other shareholders were reached in principle, a source with direct knowledge of the matter said on Monday. The source, who spoke under condition of anonymity due to the sensitivity of the issue, said that an accord between Nippon Steel and Techint Group - the other controlling shareholder of the steelmaker known as Usiminas - for a capital injection may not happen before Usiminas releases fourth-quarter results on Thursday.
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US alcohol industry rails against Kroger shelf plan
2016-02-15 16:21:00| Daily beverage news and comment - from just-drinks.com
US alcohol industry groups have warned members not to take part in retailer Kroger's new shelf management programme after guidance from the Tax and Trade Bureau (TTB).
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Will US supreme court judge death save climate plan?
2016-02-14 21:47:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: The death of a 79-year-old Texan judge could have radically changed the mood music around US president Barack Obamas beleaguered plan to make states slash greenhouse gas emissions. Antonin Scalia was one of five members of the Supreme Court of the United States to last week vote to stay implementation of the Clean Power Plan, which mandates emission cuts from power plants. With the death of Scalia -- a distinguished justice appointed by Ronald Reagan -- theres now a 4-4 ideological split...
Obama Administration's "Clean Power Plan" dealt a setback by the Supreme Court
2016-02-14 15:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Triple Pundit: The Obama administrations Clean Power Plan suffered a setback on Tuesday when the Supreme Court granted a stay to the program. In a 5-4 decision, the court sided in favor of petitioning states, utilities and coal companies that claimed that the federal government was overreaching its powers when it attempted to establish a national plan to move away from fossil-fuel based power. Requests for the Supreme Court to impose the stay were submitted in January after an appeals court ruled that the plan...
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