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Fonterra loses suit brought by former NZ Dairies suppliers
2015-12-01 05:35:08| Food - Topix.net
Farmers who formerly supplied milk to the failed New Zealand Dairies' milk processing plant at Studholme have won a High Court case against Fonterra Cooperative Group challenging the legality of new inferior supply contracts they were offered by the dairy giant. The nub of the case was whether Fonterra, which bought the Studholme plant from the receivers in 2012, was lawfully able to offer the former suppliers to the plant so-called "growth contracts" on inferior terms in order to keep its existing farmer suppliers sweet.
Tags: brought
suit
suppliers
loses
Spacecom loses contact with Amos-5
2015-11-23 14:29:00| Telecompaper Headlines
(Telecompaper) Israeli satellite operator Spacecom has lost contact with its Amos-5 communication satellites, Reuters reported. The company sent a statement about the matter to the Tel Aviv Stock Exchange, saying the satellite loss will be covered by an USD 158 million insurance policy and will have a minimal impact on its finances. The company said it does not know what caused the failure in Amos-5, which was manufactured by Russia's ISS-Reshetnev, launched in 2011 and provides coverage to clients in Africa. Spacecom has three other satellites functioning in orbit and plans to launch a fourth at the start of 2016. The company is expected to launch Amos-6 in 2016 and has already signed a deal with Facebook to provide internet coverage to large parts of Sub-Saharan Africa.
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loses
spacecom
loses contact
Redcar owner loses 530m on closure
2015-11-17 18:41:02| BBC News | Business | UK Edition
The bankrupt Thai owner of the Redcar steelworks has said that it lost almost 530m from the liquidation of the Teesside steelworks.
Tags: owner
closure
loses
530m
Billionaire Pickens Energy Fund Loses Half Its Value in Downturn
2015-11-17 14:28:32| Energy - 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. Billionaire investor T. Boone Pickens reversed course in the third quarter by slimming down his energy holdings as the worst oil market downturn in decades drags on longer than many expected.
Tiffany Loses Some of Its Luster
2015-11-11 22:47:26| Jewelry - Topix.net
Watching a number of retailers decline this morning prompted us to look at another one of New York's iconic brands -- Tiffany & Co. . Everyone knows their packaging, but the charts suggest that TIF is losing its luster and Santa may prefer other stores on 57 Prices for TIF have been trending irregularly lower the past 12 months, as can be seen in the chart above.
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