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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

 

Vodafone confirms asset swap talks with Liberty Global

2015-06-05 02:00:00| Total Telecom industry news

U.K. telco insists it is not negotiating a full merger with the U.S.-based cable group.

Tags: global asset talks liberty

 
 

Signs of storm clouds in agriculture: Operating credit, asset sales

2015-06-01 21:08:00| Corn & Soybean Digest

Storm clouds are building as American agriculture, specifically the grain sector, is entering phase one of the post-commodity super cycle downturn. One of the first signs of a downturn is buildup of machinery and equipment inventory on dealership lots. Another: access to short-term operating credit will become an issue as some producers fail to meet existing loan covenants. Road Warrior read more

Tags: sales credit operating signs

 

Smart Analytics Drive Smart Asset Management

2015-05-28 22:59:00| Transmission & Distribution World

Glenn Pritchard, PECO PECO locates overloaded transformers before failure and extends the analytics to additional applications. read more

Tags: management drive smart asset

 

26 Income Securities For A Well-Rounded Asset Allocation

2015-05-28 04:40:24| Steel - Topix.net

In my personal portfolio, I buy the best available dividend securities and use my other investments to balance my asset allocation. I am a firm believer that asset allocation plays a significant part in a portfolio's long-term results.

Tags: income securities asset allocation

 

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