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Arrium to book $320m write-off amid iron ore pain, flags asset sales

2015-06-15 11:34:14| Industrial Machines - Topix.net

Arrium boss Andrew Roberts declared the indebted steel and mining group "certainly has a future" after the company said it expects to book a $320 million write-down due to the falling iron ore price and announced a review to consider asset sales and debt restructuring. In January, Arrium announced more than 500 job losses and $1.3 billion in write-downs associated with shutting its high cost Southern Iron mining operation in South Australia to stem losses caused by the collapse in iron ore prices.

Tags: book sales pain iron

 

Activist Rehan Jaffer Flying High With His Small-Cap Picks Like Six Flags Entertainment Corp

2015-06-05 12:59:44| Trucking - Topix.net

The unheralded activist hedge fund manager Rehan Jaffer can boast 30% annualized returns for his fund H Partners Management , which was established about a decade ago. After working for one of the pioneers of activist investing, Dan Loeb, and following a brief tenure at River Run Partners, Jaffer launched H Partners Management in 2005 with $15 million, which has since swelled to $1.5 billion.

Tags: high entertainment corp flying

 
 

Freedom and liberty should not be red flags for climate science denial, but they are

2015-05-29 05:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: You can play one of those fun bingo games with anyone that reckons climate change science is all bunk, is a conspiracy or can be easily ignored and pushed down the list of priorities. Heres what you do. First you need to wait until time youre about to read an opinion column or listen to a speech from one of the usual suspects (good candidates include Australian Prime Minister Tony Abbotts business advisor Maurice Newman or anyone speaking at an event for a free market think tank anywhere...

Tags: are they red science

 

CNRL flags uncertainty under NDP government

2015-05-28 02:26:10| Oil & Gas - Topix.net

One of Canada's biggest oil and gas producers said Wednesday it can't make future spending decisions until it gets a better handle on the new Alberta government's plans for royalties, taxes and environmental regulation. But NDP Premier Rachel Notley said, if anything, the province's lack of progress thus far on combatting climate change has been the bigger cause of uncertainty for the industry.

Tags: government flags uncertainty ndp

 

Group Flags 'Inappropriate' Videos on YouTube Kids

2015-05-19 18:03:29| PC Magazine Software Product Guide

A two-minute video highlights "just a few" ill-suited clips found on the "family friendly" service.

Tags: group videos kids inappropriate

 

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