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Valeant stock suffers worst-ever day as activist Bill Ackman pledges proactive role

2016-03-16 03:53:00| Biotech - Topix.net

Activist investor Bill Ackman said Tuesday his Pershing Square Holdings Ltd. hedge fund would take a "much more proactive role" in protecting its losing investment in Valeant Pharmaceuticals International Inc., after a grim outlook and fears of a possible default sent that stock sharply lower. closed down 51% at $33.51, marking their worst-ever one-day performance, after the company slashed earnings and sales guidance and said it may breach loan covenants if it fails to produce an already delayed annual report by April.

Tags: day stock role bill

Worker Suffers Severe Injury at Ohio Packaging Company

2016-03-09 20:50:00| Electrical Construction & Maintenance

The Occupational Safety and Health Administration's Toledo Area Office cited Safeway Packaging Inc. for two repeated and three serious safety violations. read more

Tags: company ohio injury severe

Wesfarmers' resources business suffers first loss in 16 years

2016-02-24 09:14:57| Agriculture - Topix.net

Wesfarmers chief executive Richard Goyder says it is unlikely the Perth-based conglomerate will offload its struggling resources division, which posted its first loss in 16 years on Wednesday. The resources division, which includes Curragh Coal in Queensland and the 40 per cent-owned Bengalla coal mine in NSW, was one of only two divisions to record a drop earnings in the six months to December 31, driven by currency hedge losses and lower export coal prices.

Tags: business years resources loss

Pest Management Suffers when All Responsibilities and Involvement Are Outsourced

2016-01-28 20:10:00| Food Processing

While pest-control companies welcome full-service contracts with food plants, involvement of plant personnel is essential if outcomes are to be optimized.

Tags: are management involvement responsibilities