Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co. (Bayi Steel), a subsidiary of Chinese steel giant Baosteel Group, has announced that it plans to increase the registered capital of its wholly-owned subsidiary Nanjiang Steel ...
Tags: steel, metallurgy
Seneca Foods Corporation confirmed that it has entered into an Asset Purchase Agreement (the "Purchase Agreement") to acquire substantially all the operating assets of Allens, Inc. ("Allens") for a purchase price of approximately $148.0 ...
Tags: Seneca Foods, Food
The Indian power sector scenario remains gloomy. Although power reforms started about a decade back, the achievements are only dismal. Financial health of most state electricity boards remains critical, mainly due to the uncontrolled use of ...
Tags: energy conservation, energy audit
US fashion retailer Loehmann's Holdings has filed for Chapter 11 bankruptcy protection for a third time and said it plans to sell substantially all of its assets. The discount clothing chain filed its bankruptcy petition with the US ...
Tags: Loehmann's, bankruptcy, apparel
"During the quarter we took the significant step of agreeing to sell our Consumer Products business. We believe separating our two segments will set them up for individual, long-term success and is a good outcome for our stakeholders. ...
Tags: Agriculture, Food
ACE Group, a global multiline property and casualty insurer, has rolled out its new and improved risk management plan for companies in Continental Europe, to support the evolving casualty needs of middle-market businesses. Dubbed as ACE ...
Tags: ACE, Export Protection, Continental Europe
W&T Offshore, Inc. (NYSE: WTI) announced today that it has recently received notices from U.S. Government regulators that could affect certain aspects of its operations on Federal oil and gas leases in the Gulf of Mexico. The Company ...
Tags: Metallurgy, Mineral, Energy, oil
Local Brazilian news outlets reported Monday that the government has given Vale until the end of this week to accept or reject the terms of a tax amnesty program that would allow the company to almost halve a $14 billion debt and pay it ...
Tags: Brazil, Vale, opportunity, Halve Government, debt
Gold Bullion Development Corp. (TSX-V: GBB) (OTCPINK: GBBFF) (the "Company" or "Gold Bullion") is providing an update on activities at the Granada Gold Property in Quebec with the Pre-Feasibility Study or ("PFS") anticipated in Q4 2013. ...
When the world was digesting news of Detroit’s bankruptcy in July, the biggest ever by a municipality in the US, attention in China turned to the highly indebted government of Jiangsu province. Provincial, city and county authorities ...
Tags: Bond Markets, Local Officials
Petrobras, in compliance with the provision set forth in CVM Instruction 358/02, announces that its Board of Directors, in a meeting held today, has approved the following merger proposals, which will be voted by shareholders in a Special ...
CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced today that its wholly-owned subsidiary Nexen Energy ULC (Nexen), has entered into an exclusive agreement with the Government of British Columbia, Canada to examine ...
In an economic environment marked by continuing uncertainty, specialty chemicals Group LANXESS has narrowed its guidance range for the full year 2013: EBITDA pre exceptionals is expected to be between EUR 710 million and EUR 760 million, ...
Gard, a P&I, marine and energy insurance products provider, is set to launch a new liability policy, which allows ship managers to receive financial protection, claims handling and legal assistance. The launch is in response to ...
Tags: Gard, Ship Managers
Fifth & Pacific Companies, Inc. announced the commencement of an offer to purchase (the "Offer") up to $125.0 million aggregate principal amount (the "Offer Amount") of 10.50% Senior Secured Notes due 2019 (the "Notes") issued by the ...
Tags: Fifth&Pacific, Apparel