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Arrium to book $320m write-off amid iron ore pain, flags asset sales
2015-06-15 11:34:14| Industrial Machines - Topix.net
Arrium boss Andrew Roberts declared the indebted steel and mining group "certainly has a future" after the company said it expects to book a $320 million write-down due to the falling iron ore price and announced a review to consider asset sales and debt restructuring. In January, Arrium announced more than 500 job losses and $1.3 billion in write-downs associated with shutting its high cost Southern Iron mining operation in South Australia to stem losses caused by the collapse in iron ore prices.
California to cut water for farmers amid major drought
2015-06-14 13:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: The US state is restricting water use for agriculture because of a devastating four-year drought, despite fears that the move could threaten the countrys food production. The State Water Resources Control Board has announced that senior water right holders in Californias Sacramento, San Joaquin and delta watersheds wont be allowed to pump water for agricultural use anymore, because of the drought. According to the states water law, those holding water rights dating back to 1903 or later...
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Paris Air Show goes green amid sluggish sales
2015-06-14 01:47:54| BBC News | Business | UK Edition
World's aerospace and defence industry flies into Paris
Indonesia: Palm oil giant announces deforestation freeze amid NGO campaign
2015-06-12 12:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Mongabay: Palm oil giant Astra Agro Lestari has announced an immediate moratorium on land clearing, less than a month after the launch of an environmental campaign targeting one of its sister companies, the Mandarin Oriental hotel chain. The prohibition applies to Astra Agro's own plantations as well as to those of its suppliers, according to a statement posted yesterday to the company's website. Astra Agro characterized the freeze as a "major step" toward bringing its operations into line with the standards...
Tags: oil
palm
indonesia
campaign
American Apparel seeks a comeback amid Charney drama
2015-06-11 20:28:38| Apparel - Topix.net
American Apparel CEO Paula Schneider addresses her plan to turn the company into a $1 billion brand as it works its way back from a $340 million loss over the last five years under founder Dov Charney. American Apparel seeks a comeback amid Charney drama American Apparel CEO Paula Schneider addresses her plan to turn the company into a $1 billion brand as it works its way back from a $340 million loss over the last five years under founder Dov Charney.
Tags: american
apparel
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