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Walter Energy, spun out of Tampa's Jim Walter home, may face bankruptcy

2015-05-06 22:19:03| Industrial Machines - Topix.net

Walter Energy Inc., the Alabama coal company once spun out of Tampa's Jim Walter home building business, is dwindling fast. Its stock continued to plummet Wednesday, dropping more than 20 percent to 37 cents after the company said there's "substantial doubt" about its ability to continue as a going concern.

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Food companies face questions on cost-cutting

2015-05-06 00:32:39| Agriculture - Topix.net

U.S. packaged food and beverage companies are facing pressure to look more closely at their costs in the wake of ketchup maker H.J. Heinz Co's plans to merge with Kraft Foods Group Inc , analysts said on Tuesday. A Heinz Ketchup bottle and a bottle of Kraft parmesan cheese are displayed in a grocery store in New York March 25, 2015.

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Food companies face questions on cost-cutting

2015-05-06 00:09:11| Food - Topix.net

U.S. packaged food and beverage companies are facing pressure to look more closely at their costs in the wake of ketchup maker H.J. Heinz Co's plans to merge with Kraft Foods Group Inc ( The Brazilian private equity firm 3G Capital, which backed Heinz in the deal announced in March, is known for its ability to trim the fat at companies, and many industry watchers think its playbook could be a model for others in the space. Packaged food companies are struggling to grow and are under pressure from boards and shareholders to cut costs and increase profit margins.

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Detroit automakers face speed bumps as sales growth slows

2015-05-03 15:32:57| Automakers - Topix.net

Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead. Auto executives say the industry is as healthy as it's been since being restructured in 2009.

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The changing face of the oil industry in Alaska

2015-05-03 05:57:05| Oil & Gas - Topix.net

On some things, the Alaska leaders of the oil giants BP, ExxonMobil and Royal Dutch Shell agree: The 49th state's oil future remains solid despite today's global oil glut. Any natural gas development will require cooperation among a large circle of interests both in and out of government.

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