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Australia: Latrobe coalmines not paying enough for cleanup: Hazelwood fire inquiry

2016-04-14 10:41:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The fourth and final report into Victorias Hazelwood coalmine fire in 2014 has highlighted a looming national problem: the huge cost of rehabilitating mines when they close. The mine fire inquiry found rehabilitation bonds paid by the three open-cut coalmines in the Latrobe valley, east of Melbourne, were much lower than the real cost of cleaning up the sites if mining operators defaulted on their obligation to do so. It urged an immediately increase in the bonds of tens of millions of dollars...

Tags: australia fire paying inquiry

 

Annaly paying $1.5 billion for Hatteras

2016-04-11 18:30:59| Real Estate - Topix.net

Annaly Capital Management Inc. will buy Hatteras Financial Corp. for about $1.5 billion in a move that will expand the real estate investment trust's portfolio. The cash-and-stock deal values Hatteras at $15.85 per share, marking a 10.6 percent premium from the company's closing price of $14.33 on Friday.

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Google is paying off its angry smart home customers

2016-04-07 06:48:33| Wireless - Topix.net

A backlash is brewing against Nest, the smart home company owned by Google's parent company. To diffuse the situation, Nest is offering to pay off its aggrieved customers.

Tags: home google customers smart

 

Gilead paying up to $1.2B for Nimbus unit, drug candidate

2016-04-04 22:15:41| Biotech - Topix.net

Biologic drugmaker Gilead Sciences Inc. said Monday that it will buy a subsidiary of Nimbus Therapeutics LLC and its experimental pill for an increasingly common metabolic disorder that causes life-threatening fat buildup in the liver. Gilead, based in Foster City, California, will pay $400 million for Nimbus Apollo Inc. Parent company Nimbus Therapeutics, based in Cambridge, Massachusetts, could receive another $800 million if Nimbus Apollo's drug development program meets certain milestones in testing results and medicine approval and sales.

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Ashford Files Injunction To Freeze Sessa From Paying Investor Redemptions

2016-03-28 14:18:51| Jewelry - Topix.net

Ashford Inc. today announced that it requested that a Texas state court issue an injunction to prevent Sessa Capital from paying redemption requests made by its investors. The Company filed a lawsuit claiming tortious interference, together with additional claims including conspiracy, alleging monetary damages potentially exceeding $200 million as well as other non-monetary relief against Sessa and its purported director nominees John E. Petry, Philip B. Livingston, Lawrence A. Cunningham, Daniel B. Silvers, and Chris D. Wheeler on March 23, 2016.

Tags: files investor paying freeze

 

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