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Mumias Sugar can bail itself out

2015-04-10 12:24:18| Sugar Industry News

KENYA: The crippling problems strangling the very survival of the country\'s leader in sugar production, the giant Mumias Sugar Company (MSC) is a classic example on how bad corporate governance, corruption, bad politics and outright looting by top corporate individuals have ruined the lives and a promising economy supporting more than 10 million people.

Tags: out sugar bail mumias

 

India: RK Pachauri quits PM panel, complainant to appeal his anticipatory bail

2015-02-28 09:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Economic Times: Prime Minister Narendra Modi has accepted Rajendra K Pachauri's resignation from the PM's Council on Climate Change even as the complainant in the sexual harassment case against him decided to challenge the anticipatory bail granted to him early this week. Govt sources told ET that Pachauri had submitted his resignation from the PM Panel on Friday evening, and a PIB release on Saturday afternoon confirmed Prime Minister Narendra Modi had accepted his resignation. ET had reported on February...

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Utilities bail on buying power from wind project

2015-01-24 15:24:38| Energy - Topix.net

An ambitious and controversial push to erect America's first offshore wind farm has been dealt what some call a potentially "fatal" blow after two utility companies pulled out of commitments to buy energy from the lagging operation. The $2.6 billion Cape Wind project, a private operation benefiting from millions in federal subsidies, is attempting to pioneer offshore wind energy in pursuit of an eco-friendly, sustainable energy supply.

Tags: power project buying wind

 

Biotech Investors bail out after Gilead's drug pricing fight

2014-12-24 00:59:28| Biotech - Topix.net

The biotechnology sector is having its worst day since April as investors fear health insurers and companies that manage patient's drug benefits will put new pressure on how much the industry can charge for breakthrough treatments. The selloff, prompted by Express Scripts Holding's announcement Monday that it would block its U.S. patients from getting Gilead Sciences's $1,100-a-pill hepatitis C medicine, sent the Nasdaq Biotechnology Index down 4.6 percent, the biggest one-day drop since April.

Tags: drug fight pricing investors

 

Chinese Man in Iran Export Case Held Without Bail

2014-12-09 01:08:18| Electronics - Topix.net

A Chinese man accused of conspiring to export to Iran devices that can be used in nuclear production was held without bail after making an initial court appearance on Monday. Cheng is accused of conspiracy, illegal exporting of U.S. goods to Iran and smuggling.

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