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Tag: plunge
Cairn Energy shares plunge on tax row
2015-03-11 11:52:09| BBC News | Business | UK Edition
Shares Cairn Energy fall 18.3% following Tuesday's announcement that it must pay a $1.6bn (1bn) fine for unpaid tax in India.
Russian Auto Sales Plunge 38%
2015-03-10 21:54:15| Auto Dealers - Topix.net
New-car sales in Russia last month plunged 38% over a year earlier, and auto-industry executives warned a weaker economy and declines in the ruble's value mean the worst is yet to come. "The market is entering a very difficult phase now, and February is only the beginning.
Tags: auto
sales
russian
plunge
Icahn's investment fund posts first loss since 2008 on oil plunge
2015-02-27 19:25:26| Real Estate - Topix.net
Billionaire activist investor Carl Icahn's publicly traded investment fund posted its first annual loss since 2008 last year, undone by plummeting oil prices, the company said in a regulatory filing on Friday. Icahn Enterprises LP lost $373 million, or $3.08 per depositary unit, in 2014, with much of it due to a loss of $478 million in the fourth quarter.
Tags: posts
loss
investment
oil
Plunge in oil price seen as opportunity for Alberta biotech sector
2015-02-26 06:38:22| Biotech - Topix.net
Alberta's biotechnology sector could benefit from plunging oil prices and the flow of investment away from the energy industry. The province has long courted companies involved in high-tech health and drug development, only to see them leave for the U.S. or other provinces.
Tags: price
opportunity
oil
sector
Gasoline Plunge Wiping Out Profits for Ethanol Producers: Energy
2015-02-25 20:42:59| Oil & Gas - Topix.net
Valero Energy Corp. and Green Plains Renewable Energy Inc., representing about 15 percent of U.S. capacity, have reduced operations as margins have narrowed. At a typical mill in Illinois that makes ethanol from corn, profit margins have almost disappeared after reaching $1.33 a gallon a year ago, according to AgTrader Talk, a Clive, Iowa-based consulting company.
Tags: energy
profits
producers
gasoline
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