It is reported that analysts at Goldman Sachs have cut coking coal prices, saying that they see a slower, longer grind back to mid cycle. Goldman cut 2013 met coal prices by 8% to USD 178 per tonne Goldman cut 2014 met coal prices ...
Tags: coking coal prices, mid cycle, prices
The facility, initially planned for an amount of Euro 1 billion, was significantly oversubscribed with bank commitments reaching in excess of Euro 2.2 billion. This enabled Saint-Gobain to increase the size of the facility to Euro 1.5 ...
Tags: credit facility, construction markets, building materials
Conducted by influential market research firm Millward Brown, Top 100 Most Valuable Global Brands Report is monitoring the value of the great brands around the globe for a full seven years. This year almost half of the Top 100 brands lost ...
Tags: Valuable Global Brands Report, appetite for luxury, sales growth
Premier Foods plc has refused to be drawn on reports it has hired Goldman Sachs to talk to potential suitors for its bread business. Sky News and The Times reported the UK food maker had asked the investment bank to sound out whether ...
Tags: Premier Foods plc, Goldman Sachs, bread business, food industry
Those who are familiar with my work know that I like it when investment ideas remind me of prior decisions that have worked out well.Corning(GLW)reminds me of other cyclical stocks that have done well once earnings estimates first start to ...
Tags: Corning, cyclical stocks, LCD glass
Some 900 jobs are to go at Premier Foods plc after the Hovis manufacturer announced a range of measures to reshape its bread business. Premier plans to close two bakeries, cut over 100 distribution routes and revamp its logistics ...
Tags: Premier Foods, bread arm, bread business, Foods
The US Department of Treasury is likely to sell the remaining nearly 234.2 million shares of American International Group(AIG)common stock,in a public offering,marking end of government ownership of the company. Following the completion ...
Tags: AIG, government, common stock, financial crisis
Premier Foods plc has offloaded another of its brands, this morning (30 October) announcing the sale of Branston pickle to Japanese group Mizkan. The UK food manufacturer has agreed to sell its sweet pickles and table sauces to Mizkan for ...
Tags: Premier Foods plc, Branston pickle, food brand, food product
The US Department of the Treasury has launched an underwritten public offering of $18bn of its American International Group (AIG) common stock, of which AIG is likely to purchase $5bn of the stock at the initial public offering price. The ...
Tags: Treasury, American International Group, underwriters, sale of securities
US based diversified conglomerate Berkshire Hathaway has agreed to acquire Spain based Caixabank's life insurance operation, VidaCaixa, in a deal valued at EUR600m. The seller will get EUR524m pretax gain following the completion of ...
Tags: Berkshire Hathaway, acquire, life insurance, Spain, insurance operations
Dubai's Drake & Scull International has signed three contracts valued at a total AED 149 million for projects in Qatar and India. The firm signed two mechanical electrical and plumbing contracts in Qatar one for a AED 55 million hotel ...
Tags: water power operations, Goldman Sachs, wast water treatment
American International Group (AIG) said that the US Department of the Treasury has set an offer price of 30.50 per share for its 163,934,426 shares. The recent move to offload the AIG's share is a step ahead to free the money, it invested ...
Tags: American International Group, underwriter, Stock, insurance
US wholesale insurance broker AmWINS Group has completed the recapitalization with New Mountain Capital, a New York‐based private equity firm. AmWINS CEO Steven DeCarlo said the newly established partnership is an important next ...
Tags: wholesale insurance, AmWINS Group, recapitalization, equity firm
Lincoln Financial has appointed Ellen Cooper as the executive vice president and chief investment officer, effective from 6 August 2012. Cooper, who joins Lincoln Financial from Goldman Sachs Asset Management, will be responsible for ...
Tags: Lincoln Financial, Ellen Cooper, executive vice president
Guggenheim Life, the underwriting business unit of Guggenheim Partners, is gearing up to acquire some, or all, of Aviva US, for expected purchase price of 800m p ($1.25bn). With $160bn assets, Guggenheim has plans to increase its ...
Tags: Guggenheim Life, acquisition, Aviva US, purchase price