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Tag: steelmaker
Banks at Risk of Bad-Debt Blowout as Aussie Steelmaker Collapses
2016-04-08 17:14:01| Automakers - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Commonwealth Bank of Australia and its competitors are staring at a potential blowout in bad-debt expenses as they try to claw back a combined A$1 billion of loans to steel and iron ore supplier Arrium Ltd., underscoring the looming threat to lenders from the commodities bust.
Tags: risk
banks
blowout
aussie
Police raid Brazil steelmaker Gerdau, issue CEO arrest warrant
2016-02-25 16:21:09| Steel - Topix.net
Federal police said Gerdau, Brazil's largest steelmaker, is suspected of evading 1.5 billion reais in back taxes. A police spokesman said they had a warrant for the arrest of Andre Gerdau Johannpeter, the company's chief executive, for questioning.
Police raid Brazilian steelmaker Gerdau in corruption case -source
2016-02-25 13:25:26| Steel - Topix.net
Feb 25 Federal police raided several offices of Brazilian steelmaker Gerdau SA as part of an ongoing corruption case known as "Operation Zelotes," a source with knowledge of the raids said on Thursday. Federal police released a statement saying that search and seizure warrants were being conducted in the cities of Sao Paulo, Brasilia, Rio de Janeiro, Porto Alegre and Pernambuco, but did not name the company.
Steelmaker Posco pays $250 million to settle lawsuits with Nippon Steel
2015-10-01 13:31:29| Steel - Topix.net
Japan-based Nippon Steel & Sumitomo Metal Corp. said that South Korea-based steelmaker Posco has paid it 30 billion Japanese yen to settle lawsuits over alleged patent infringement and illegal acquisition of manufacturing technology, reported Bloomberg. Nippon Steel had accused Posco of using illegally acquired trade secrets in the lawsuits.
Tags: million
pays
steel
settle
Steelmaker Looking For Employees
2015-09-28 17:32:46| Steel - Topix.net
Dozens of steelmaking jobs are up for grabs today in Butler County. AK Steel is holding a job fair at the OhioMeansJobs center on Dixie Highway in Fairfield from 3 p.m. to 6 p.m. Anyone interested in the 60 full-time, entry-level positions should apply online at www.applytoaksteel.com.
Tags: employees
steelmaker