The base salary of the president and CEO of Potash Corp. of Saskatchewan Inc. will not rise - or fall - in 2009.
Saturday, 28 February 2009
Thursday, 26 February 2009
( .Sherritt reports Q4 net loss of $592.1M after $463.3M Ambatovy writedown )
Sherritt International Corp. has reported a net loss of $592.1 million for the fourth quarter and $289.7 million for all of 2008 after taking a $463.3-million writeoff of goodwill on the Ambatovy nickel project ...
Wednesday, 25 February 2009
( .S&P lowers Anglo American rating to BBB )
Standard & Poor's Ratings Services announced that it has lowered its long-term global scale corporate credit and senior unsecured debt ratings on diversified mining group Anglo American PLC by two notches to ...
( .North American Palladium Announces Fourth Quarter and Year Ended December 31, 2008 Results )
North American Palladium Ltd. today announced financial results for the fourth quarter and year ended December 31, 2008.
( .Sherritt reports Q4 net loss of $592.1M after $463.3M Ambatovy writedown )
Sherritt International Corp. has reported a net loss of $592.1 million for the fourth quarter and $289.7 million for all of 2008 after taking a $463.3-million writeoff of goodwill on the Ambatovy nickel project ...
Monday, 23 February 2009
( Republican governors split over Obama stimulus )
WASHINGTON (Reuters) - U.S. Republicans governors were split on Sunday over whether to accept all of the money their states stand to receive from a $787 billion economic stimulus plan which President Barack Obama signed last week...
Read full story from Reuters( .U.S. economy to shrink in Q1, rebound seen in H2: poll )
WASHINGTON (Reuters) - The U.S. economy is set to contract sharply in the first quarter, with the current cyclical downturn on track to rival the 1973-75 slump as soaring unemployment depresses demand, a survey showed.
Read full story from Reuters( Financial stocks give JSE lifeline )
The JSE remained in positive territory by noon taking direction from steady European markets with banking and financial stocks offering firm support.
( Gov. Bob Riley tours ThyssenKrupp terminal under construction in Mobile )
Gov. Bob Riley today toured the $115 million-plus terminal that the Alabama State Port Authority is building for steelmaker ThyssenKrupp AG .
( .Ala. AG requested to argue for Massey )
On Friday, the United States Supreme Court denied a motion filed by seven state attorneys general asking to participate in March 3 oral arguments about the appeal by Hugh M. Caperton and Harman Mining against ...
( .Teck Cominco loses appeal to stay suit concerning Columbia damages )
The Teck Cominco mining company, accused of causing environmental damage to the Columbia River in Washington state, has lost an appeal to the Supreme Court of Canada to stay a lawsuit.
Sunday, 22 February 2009
( .Alcoa cuts fewer jobs in Quad Cities )
Wilson Trailer Announces Layoffs Wilson Trailer blames conditions due to the economic recession for the decision to let go dozens of workers in three states.
( Tata group firms 'have to survive on their own )
NEW DELHI: The head of India's oldest and biggest conglomerate Tata Group says each of its nearly 100 companies will have to find its own way to survive the global financial crisis.
( .Minmetals to shop for more Australia mines: Oz CEO )
SYDNEY (Reuters) - Chinese state-owned metals group Minmetals is keen to use its $1.7 billion acquisition of debt-crippled Australian miner Oz Minerals Ltd to buy more distressed firms, Oz Managing Director Andrew Michelmore said on Sunday....
Read full story from ReutersFriday, 20 February 2009
( Nearly 5 million Americans drawing jobless benefits )
WASHINGTON (Reuters) - The number of U.S. workers drawing unemployment aid jumped to a record high of nearly 5 million, the government said on Thursday, as a worsening economy made it increasingly hard to find jobs.
Read full story from Reuters( .The United States and Canada agree work together on new energy technologies )
OTTAWA (Reuters) - The United States and Canada, two significant greenhouse gas emitters, agreed on Thursday to work together on new energy technologies to fight climate change, saying it was key to recovery from global recession.
Read full story from Reuters( .The possibility of a power struggle in North Korea )
SEOUL (Reuters) - The possibility of a power struggle in North Korea made it more urgent to find a way to end the secretive state's nuclear weapons program, U.S. Secretary of State Hillary Clinton said on Thursday.
Read full story from Reuters( Oil jumps 14 percent on U.S. inventory drop )
NEW YORK (Reuters) - Oil prices jumped 14 percent to top $39 a barrel on Thursday after U.S. government data showed an unexpected fall in crude inventories last week due to lower imports and higher demand.
Read full story from Reuters( JC Flowers has called on Berlin to Talk )
MUNICH (Reuters) - U.S. investor JC Flowers has called on Berlin to return to the negotiating table after talks failed to resolve how the German government could take control of Hypo Real Estate (HRXG.DE), a bank that Flowers partly owns.
Read full story from Reuters( Kirin Holdings Co Ltd buy 43.25 percent stake )
NEW YORK (Reuters) - Kirin Holdings Co Ltd (2503.T) has agreed to buy a 43.25 percent stake in the San Miguel Brewery Inc (SMB.PS) affiliate of Philippine foodmaker San Miguel Corp (SMC.PS) for about 100 billion yen ($1.06 billion), financial daily Nikkei said in its Friday edition...
Read full story from Reuters( Alcoa achieves 36% reduction in greenhouse gas emissions in 2008 )
Alcoa , a producer and manager of aluminum, fabricated aluminum and alumina combined, revealed yesterday that it has achieved a 36% reduction in total direct greenhouse gas emissions in 2008.
( Swiss Life to cut MLP10 percent: source )
ZURICH (Reuters) - Swiss Life (SLHN.VX) will cut its stake in MLP (MLPG.DE) in a bid to revive cooperation with the German pensions specialist, a source familiar with the situation said.
Read full story from Reuters( Satyam gets approval for stake sale, share issue )
NEW DELHI (Reuters) - India's Satyam Computer Services (SATY.BO) won approval on Thursday to bring on board a strategic investor with the financial and management clout needed to ensure the survival of the fraud-hit outsourcer.
Read full story from ReutersThursday, 19 February 2009
( Newmont Mining Swings to Profit )
The mining company generated net cash from continuing operations in the fourth quarter of $229 million, or 50 cents a share, on equity gold and copper sales of 1.35 million ounces and 40 million pounds, ...
( .Westaim Corp. reverses year-ago loss with $2.7 million quarterly profit, revenues shrink )
Westaim Corp. said Wednesday it saw net income of $2.7 million or three cents per share for the three months ended Dec.
( Obama's Banner "Climate Leaders Don't Buy Tar Sands" )
OTTAWA (Reuters) - Greenpeace activists scaled a bridge in the Canadian capital on Wednesday and unfurled two large banners urging U.S. President Barack Obama to take a tough stand on Canada's huge oil sands when he visits on Thursday.
Read full story from Reuters( .Nasdaq dip as housing plan fails to cut fear)
NEW YORK (Reuters) - The S&P 500 and Nasdaq closed marginally lower on Wednesday as President Barack Obama's $275 billion plan to prop up the housing market failed to stem worries about the economy, and bleak housing data highlighted the deepening recession.
Read full story from Reuters( .Obama pledged up to $275 billion on Wednesday )
MESA, Arizona (Reuters) - U.S. President Barack Obama pledged up to $275 billion on Wednesday to help stem a wave of home foreclosures, part of a broad effort using massive sums of government money to push the country out of recession.
Read full story from Reuters( .CBS cuts dividend but profit beats estimates)
NEW YORK (Reuters) - CBS Corp (CBS.N) sliced its longstanding dividend but reported higher-than-expected earnings as cost cuts offset the advertising downturn that has struck across its television, radio, and billboard businesses.
Read full story from Reuters( Hillary Clinton held up Indonesia to modernity and Islam can coexist )
JAKARTA (Reuters) - U.S. Secretary of State Hillary Clinton held up Indonesia on Wednesday as proof that modernity and Islam can coexist as she visited the country where U.S. President Barack Obama spent four years as a boy...
Read full story from Reuters( .Rio Tinto's attempt to ram through a sale of up to 18% to Chinese )
Anglo-Australian mining giant Rio Tinto's attempt to ram through a sale of up to 18% of the company to the Chinese was dealt another hammer blow today as one of Australia's most influential politicians kicked ...
Wednesday, 18 February 2009
( .Alcoa will continues to reduce greenhouse gas emissions )
Alcoa announced today that it continues its leadership position on climate change by achieving a 36 percent reduction in total direct greenhouse gas emissions in 2008 from its worldwide primary aluminum ...
Tuesday, 17 February 2009
( .Global assets of hedge funds may drop to $1.2 trillion )
SINGAPORE (Reuters) - Global assets of hedge funds may drop to $1.2 trillion by the end of the first quarter, down 35 percent from 2007 as the number of managers decline and funds rely less on strategies that use leverage, a UBS executive said on Tuesday.
Read full story from Reuters
Read full story from Reuters( .Pan American has closed its previously public offering )
Pan American Silver Corp. has closed its previously announced public offering of common shares ..
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( .GM to get $4 billion )
WASHINGTON (Reuters) - The U.S. government will release $4 billion in additional aid to General Motors Corp (GM.N) on Tuesday as planned, a White House aide said on Monday, ahead of the deadline for the automaker to submit a new survival plan.
Read full story from The Reuters
Read full story from The Reuters( .Trump Entertainment may file bankruptcy: report )
PHILADELPHIA (Reuters) - Trump Entertainment Resorts Inc, Donald Trump's casino group, is expected to file Tuesday for bankruptcy, The Wall Street Journal reported.
Read full story from The Reuters
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(.Rio Tinto shareholders to backup China's state-owned Chinalco )
Mining giant Rio Tinto Ltd faces an uphill battle to persuade shareholders to back a tie-up with China's state-owned Chinalco that would bring in $19.5 billion and help it pay down its huge debt.
Monday, 16 February 2009
( .Cameco net profits cut in half in the fourth quarter )
The Saskatoon company says it earned $31-million or eight cents a share for the fourth quarter ended Dec.
( .Fushi Copperweld to Present at Roth 21st Annual OC Growth Stock Conference )
/13 /PRNewswire-Asia/ -- Fushi Copperweld, Inc., , the leading global manufacturer and innovator of copper-clad bimetallic wire used in a variety of telecommunication, utility, transportation and other.,..
( Novamerican Steel Inc. Changed the Name to Barzel Industries Inc )
Barzel Industries Inc. , formerly known as Novamerican Steel Inc. announced today that it has changed its name from Novamerican Steel Inc.
(Rio Tinto deal with Chinalco )
One perspective on the Rio Tinto deal with Chinalco is that the Poms are flogging a large chunk of Australia to the Chinese.
Sunday, 15 February 2009
( Mixed response on Rio Tinto deal )
RIO Tinto is confident its landmark $A29.87 billion alliance with Chinalco will clear all hurdles, amid a mixed response to the deal from investors.
Saturday, 14 February 2009
( The Severstal Wheeling Steubenville workers won't be taking a temporary shutdown )
The Severstal Wheeling Steubenville workers won't be taking a temporary shutdown as early as March as was originally announced, while protracted contract talks between the United Steelworkers and Severstal ...
( Cameco Reports Record Annual Revenue and Earnings for 2008 )
SASKATOON, SASKATCHEWAN, Feb 13, 2009 -- ALL AMOUNTS ARE STATED IN CDN $ Cameco Corporation today reported 2008 adjusted net earnings of $589 million , 3% higher than in 2007 due largely to higher earnings in ...
( WRAPUP 6-G7 strives to pair crisis response and free trade )
ROME, Feb 14 (Reuters) - The G7 industrial powers, fearing a 1930s-style resurgence of protectionism, ended crisis talks in Rome on Saturday with a pledge to do all they could to combat recession without distorting free trade.
Read full story from Reuters
Read full story from Reuters( FACTBOX-How Ecuador's Correa got tough on foreign interests )
Feb 14 (Reuters) - Ecuadorean President Rafael Correa said on Saturday his leftist government could freeze some assets of Spanish oil company Repsol and France's Perenco to seek payments of pending debts.
Read full story from The Reuters
Read full story from The Reuters( Appeals court overturns new mountaintop mine rules )
A federal appeals court overturned a ruling Friday requiring more extensive environmental reviews of mountaintop removal, a form of coal mining in Appalachia that blasts away whole peaks.
( Trump quitting board of namesake casino group )
NEW YORK (Reuters) - Real estate tycoon Donald Trump said on Friday he has decided to resign from the board of Trump Entertainment Resorts (TRMP.O) due to disagreements with bondholders who want the casino group to file for bankruptcy.
Read full story from Reuters
Read full story from Reuters( First Quantum Minerals cuts 2009 spending, ramps up production )
Metals miner First Quantum Minerals Ltd. will cut capital spending in 2009 to US$190 million from about $430 million in 2008 and also plans to raise production following a review of its operations in the face ...
( The U.S. Congress, handing President Barack Obama )
WASHINGTON (Reuters) - The U.S. Congress, handing President Barack Obama a major legislative victory, approved on Friday a $787 billion stimulus bill that aims to rush emergency government spending and tax cuts to a nation in the grip of a severe recession.
Read full story from Reuters
Read full story from Reuters
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