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Worthington Reports 3Q Loss, Closes Engineered Cabs Facility

2015-04-02 08:32:41| Steel - Topix.net

Worthington Industries, Inc., Columbus, Ohio, reported a net loss of $25.7 million on sales of $804.8 million for its fiscal third quarter. The company attributed much of the loss to charges related to the reorganization of its Engineered Cabs business and workforce reductions in its Oil & Gas Equipment business, which reduced earnings by $52.9 million.

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Indonesia, Brazil subsidizing forest loss far more than REDD+ slows it

2015-04-01 17:40:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: International aid to protect forests in Indonesia and Brazil pales in comparison to domestic subsidies for commodities driving deforestation there, according to a new report by United Kingdom-based think tank Overseas Development Institute (ODI). If the countries received an average of $1 billion each year via the Reducing Emissions from Deforestation and Forest Degradation (REDD+) scheme, their annual agricultural and biofuel subsidies for just four commodities associated with forest loss palm...

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UTi Worldwide Loss Widens

2015-04-01 01:01:42| Logistics - Topix.net

UTi Worldwide Inc. said its fiscal fourth-quarter loss widened sharply on one-time expenses related to recent restructuring efforts, as well as a decline in revenue.

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Antarctic ice loss is accelerating

2015-03-30 19:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Environmental News Network: New research published this week in the journal Science Express describes how the ice shelves around Antarctica are thinning and therefore allowing more of the ice sheet behind them to flow into the sea. Using nearly two decades of satellite data, the team of international researchers observed an acceleration of ice loss from the continents ice shelves, with an increase in loss of 70% in West Antarctica over the last decade. In the Amundsen and Bellingshausen regions, some ice shelves have...

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Antarctica ice shelves see substantial loss last two decades, finds study

2015-03-27 14:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: A new study has found that over the last two decades there has been substantial changes in Antarcticas floating ice shelves, with some areas experiencing as much as an 18% decreases. The researchers argue that the findings show how the ice sheet is responding to climate change. The study, which has been published in the journal Science, was led by Scripps Institution of Oceanography at the University of California San Diego. The researchers analysed data from nearly two decades of satellite...

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