Australia-based miner Rio Tinto has announced that it will register an impairment charge of $3 billion in its financial results for 2012 due to underperformance of its Mozambican coal business and an additional $10 billion write-down from ...
Tags: coal business, coal assets, coal
As previously communicated, in the face of increasingly difficult domestic trading conditions for its soda ash business, Penrice Soda Holdings Limited has been conducting a strategic review of its entire chemicals business to improve its ...
Tags: Penrice, JV, Soda Ash Distributor
NICKEL is on track to end 2012 as the worst performing base metal and 2013 doesn't look much better. In fact, the only hope for existing nickel producers is that some of the emerging operations strike technical problems in their ...
Tags: Nickel needs project, Nickel needs, Nickel, base metal, nickel pig iron
HP has revealed in a securities and exchange commission legal filing,that the US Department of Justice has been investigating fraud allegation at Autonomy since last month. HP bought Autonomy in 2011 for$11.7bn,but in November,claimed ...
Vale informs that it has concluded the annual assessment of Onça Puma and aluminum assets, which will imply the recognition of an impairment charge before tax of USD 4.2 billion, thus affecting our earnings in the fourth quarter of ...
Tags: Onça Puma, aluminum assets, aluminum price, aluminum
Autonomy founder and former CEO Mike Lynch has written an open letter to HP calling for immediate and specific explanations to the allegations HP has made about the software company. HP bought UK software company Autonomy for $11.7bn in ...
Tags: HP, software company, software, HP allegations
European coatings companies must deal with the widening gap between mature domestic markets Mature Domestic Markets in Europe Present Challenges Nonetheless,the poor prospects for major parts of Europe underline the challenges for its ...
Big 5 Sporting Goods Corporation, a leading sporting goods retailer, reported financial results for the fiscal 2012 third quarter and first nine months ended September 30, 2012. For the fiscal 2012 third quarter, net sales increased to ...
HP is planning to "aggressively" seek recompense for alleged accounting fraud related to the acquisition of its Autonomy unit, which resulted in the vendor taking a non-cash impairment charge of US$8.8 billion. HP acquired Autonomy in ...
ThyssenKrupp has announced financial statements for fiscal year 2011/12. In fiscal year 2011/12, ThyssenKrupp achieved order intake from its continuing operations was €42.3 billion, down by 5% year on year. The Sales figure from ...
Tags: Metallurgy, Mineral
US c-store operator The Pantry has reported lower third-quarter profits as an impairment charge and lower fuel sales weighed on earnings. In the three months ended 28 June, earnings dropped to US$14.8m from $19m in the comparable period ...
Tags: Pantry, Q 3profits, fuel sales, earnings
US cereal maker Post Holdings has recorded an increase in third-quarter profits and reaffirmed its outlook for the year. In the three months to the end of June, earnings reached US$15.8m, compared to $1.6m in the prior-year quarter, when ...
Tags: Post Holdings, cereal market, profits, earnings
US regional retailer Tops Markets has reported a half-year profit despite a fall in sales. Tops, which has over 120 stores in New York state and Pennsylvania, booked net income of US$10.1m for the 28 weeks to 14 July, compared to a $1.8m ...
Tags: Tops Markets, H1 profit, lower sales
Australian retail distributor Metcash has booked a drop in full-year profit. For the 12 months to the end of April, earnings dropped to A$90m (US$90.4m) from A$241.4m in the prior-year. Metcash blamed the decline on restructuring costs ...
Tags: Metcash, full year profit drop, food retail, food industry
Price rises have helped US-based nut group John B. Sanfilippo & Son to book a 4% increase in full-year sales, despite lower volumes. For the 12 months to the end of June, Sanfilippo & Son saw net sales reach US$700.6m. The group ...
Tags: nut, sales rise, food market, food sales, food industry