House of Representatives Speaker John Boehner's"Plan B"to limit income-tax increases to the wealthiest sliver of the population appeared likely to pass the House on Thursday evening after it narrowly cleared a procedural hurdle in the ...
Tags: sliver, US, House of Representatives, Obama
Overview 1. US steelmaker Severstal Columbus LLC's financial performance weakened in the third quarter of 2012 amid unfavorable industry conditions. 2. Consequently, we don't expect the company to generate material positive free ...
Tags: generate material, steelmaker, steel, steel markets
Business Line reported that Lanco Infratech Ltd is close to selling stake in its holding company and in the special purpose vehicles,while some of its strategic investors Genting and Doosan may exit. The diversified infrastructure ...
Tags: Lanco Infratech Ltd, NTPC, Genting, Doosan
Gulf News reported that cross border collaboration could help the Arab world maximise its gains from energy resources that could be piped and distributed across the region through a regional energy grid as a large number of opportunities ...
Tags: energy, energy resources, regional energy grid, energy sector
Business Standard reported that Unitech Corporate Parks Plc, the real estate investment company listed on London’s Alternative Investment Market in which developer Unitech Ltd holds a 40% stake, has decided to put one of its largest ...
Tags: Unitech Corporate Parks, Gurgaon property, real estate, economic zone
Business Line reported that the India’s infrastructure players are passing through a tough phase as this year comes to an end. They expect a turnaround early next year as the Government seeks to fix sector concerns with reforms. ...
Tags: India, infrastructure, reform, roads projects
PTI reported that Moser Baer Projects has received the final approval from the Central Electricity Authority for its 120 MW Miyar hydro plant in Himachal Pradesh and construction is expected to start in April next year. An integrated ...
Tags: Moser Baer, hydro project, power company, solar
Lakeland Industries, Inc. a leading global manufacturer of industrial protective clothing for industry, municipalities, healthcare and to first responders on the federal, state and local levels, announced financial results for its third ...
Tags: industrial protective clothing, clothing, glove manufacturing, sales
European chemicals output will contract by 2.0 per cent in 2012 compared with 2011, European chemicals group Cefic said. A lowering of its forecast released in September, the chemicals trade body downgrade reflects recent data showing a ...
Tags: chemical sector, chemical, chemicals output, chemicals group
International credit ratings agency Fitch Ratings has announced that it has downgraded Luxembourg-based steel giant ArcelorMittal's credit rating to BB+, below investment grade. The rating agency stated that the downgrade reflects the ...
Tags: Fitch Ratings, ArcelorMittal, steel, steel market
Police have started investigating a case involving CNY 100 million of bank debt instruments tied to some troubled steel transactions, and one expert says the industry could face more similar problems. State owned trading enterprise Sinoma ...
Tags: steel transactions, steel, metal, steelmakers
Suzlon Energy,world's fifth largest wind turbine supplier,announced that Mr Tulsi Tanti CMD of Suzlon Energy on behalf of the promoter group sold 2.11%stake for a total consideration of INR 630 million to raise funds for Corporate Debt ...
Tags: Suzlon Energy, Tulsi Tanti, CDR, wind turbine supplier
The Chinese people's main goal in most negotiations is to establish a relationship for future business opportunities. Guanxi is more important in these cases. The Chinese will spend considerable time on bargaining, drafting agreements, ...
Tags: Focus Vision, Service
CGI, the Canadian IT firm that is acquiring UK outsourcer Logica, has announced a fall in net income of 30% following the takeover announcement. For its third-quarter results for the three months to June, the company saw sales increase by ...
Tags: CGI, net income, UK outsourcer Logica, Profit
Fitch Ratings has affirmed ThyssenKrupp AG's Long-term Issuer Default Rating and senior unsecured rating at 'BBB-'. The Outlook is Negative. The Short-term IDR has been affirmed at F3. The affirmation reflects Fitch's view that TK will be ...
Tags: Fitch Ratings, AG, Steel, affirmation