Brazilian steelmaker Companhia Siderurgica Nacional (CSN) will have to pay BRL 4 billion (US$1.78 billion) to the country's revenue service Receita Federal as a result of unpaid taxes. According to the nation's fiscal council Carf, CSN ...
Tags: Metallurgy, Mineral, Energy
Tactical Holdings, a major supplier of military footwear, has filed a Chapter 11 Bankruptcy Petition in U.S. Bankruptcy Court in the District of Delaware, and is seeking a quick sale of its businesses. The company’s footwear ...
Tags: Tactical Holdings, Bankruptcy Petition, Sporting Goods
Clean Clothes Campaign has released a new report that uncovers the truth behind high-end fashion chains and the Eastern European and Turkish garment workers that make their clothes. "Stitched Up – Poverty wages for garment workers in ...
The European Steel Association (EUROFER) has stated that the growing uncertainties in Ukraine show once again the strong correlation between security of supply and increasing energy prices in Europe. Russian state gas monopoly Gazprom ...
Tags: Metallurgy, Energy, gas
India's state-owned refiners, who have all posted net losses over the first nine months of fiscal year 2013-2014 (April-March), are expected to turn in a profit for the full year as the government is likely to fully compensate them for ...
Tags: Refiners, Full-Year Losses
Today's headlines include reports about how the health law played in last night's State-of-the-Union address by President Barack Obama. Kaiser Health News: Ex-Microsoft Exec Brings Lists And Whiteboard To Overhaul Of Obamacare Website ...
Tags: Treating Clubfoot, Obamacare Website, America's Economic Divide
At the end of 2013, a new list of bankrupt Chinese LED lighting manufacturers was published. Industry sources estimate more than 10,000 people have been impacted by the bankruptcy wave. Frustrated workers and angry investors have hunt down ...
Tags: LED Manufacturers, LED Lighting
A third or more of all the honey consumed in the U.S. is likely to have been smuggled in from China and may be tainted with illegal antibiotics and heavy metals. A Food Safety News investigation has documented that millions of pounds of ...
Tags: honey, Chinese honey, food safety
Crocs, Inc. announced that Blackstone Group LP is making a $200 million investment that will give the private equity firm a 13 percent stake in the shoe company. Crocs also said late on Sunday that John McCarvel, its CEO, plans to retire in ...
Tags: Crocs, Blackstone Group LP, investment, John McCarvel, retirement
Having a longer maternity leave reduces a woman's risk of postpartum depression, new research shows. The findings suggest that the maximum 12 weeks of maternity leave given to American mothers under federal law may be inadequate, ...
Fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has announced its intention to offer (subject to market conditions and other factors) $200m aggregate principal amount of convertible senior notes ...
Tags: Finisar, Convertible Senior Notes
Pilot Flying J has been embattled in a lawsuit since mid-April, all of which ended Monday in a settlement of $84.9 million. The money is payment, with interest to about 5,500 carriers that claim to have been cheated by the trucstop chain ...
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
Titan International Inc. recently completed the previously announced redemption of all of its outstanding $137,681,000 aggregate principal amount of the 7.875% senior secured notes due 2017. The company redeemed the notes at a price of ...
Tags: Senior Secured Notes, Titan
The debate over unpaid overtime in the trucking industry is heating up, with a $100-million class action lawsuit launched against Canada Cartage. The law firm Lax O’Sullivan Scott Lisus LLP has launched the suit on behalf of workers ...
Tags: Canada, Cartage, $100-million, lawsuit