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Marubeni expects $1bn writedown on losses
2015-01-26 10:21:38| Chemicals - Topix.net
Marubeni Corporation expects to write down $1 billion on the value of energy and commodity assets after the plunge in crude oil prices and a failure to meet targets at its Gavilon Holdings LLC grain unit. The Tokyo-based trading company halved its forecast for net income this year to 110 billion yen after recording about 95 billion yen in writedowns on oil and gas assets, including in the North Sea, and about 50 billion yen on US grain merchant Gavilon, bought for $2.7 billion in 2013 as Marubeni's largest-ever acquisition.
Tags: losses
expects
1bn
marubeni
Marubeni expects $1bn writedown on losses
2015-01-26 10:01:49| Grocery - Topix.net
Marubeni Corporation expects to write down $1 billion on the value of energy and commodity assets after the plunge in crude oil prices and a failure to meet targets at its Gavilon Holdings LLC grain unit. The Tokyo-based trading company halved its forecast for net income this year to 110 billion yen after recording about 95 billion yen in writedowns on oil and gas assets, including in the North Sea, and about 50 billion yen on US grain merchant Gavilon, bought for $2.7 billion in 2013 as Marubeni's largest-ever acquisition.
Tags: losses
expects
1bn
marubeni
Why Cypress Semiconductor Corporation Expects a Strong 2015
2015-01-22 20:06:29| Semiconductors - Topix.net
Yet those concerns largely evaporated in December, when Cypress announced its plans to merge with Germany's Spansion in a $4 billion all-stock combination. Now, even as Cypress looks forward to the consummation of the Spansion merger, it still needs to demonstrate its ability to grow its core business in the interim.
Tags: strong
corporation
expects
semiconductor
CSX expects double-digit earnings growth in 2015
2015-01-14 19:12:54| Railroads - Topix.net
NEW YORK - CSX Corp, the third-largest U.S. railroad, on Tuesday reported a higher quarterly profit that was in line with analyst expectations and said it expected a strong increase in its freight business and double-digit earnings growth during 2015.
Tags: growth
earnings
expects
csx
Magna expects as much as US$36 billion in global sales in 2015
2015-01-13 20:19:52| Canadian Plastics Headlines
Automotive parts maker Magna International Inc. estimates it will have between US$34.4- and US$36.1 billion of sales this year, about half of it from auto parts sales in North America. The rest of Aurora, Ont.-based Magnas revenue this year will… The post Magna expects as much as US$36 billion in global sales in 2015 appeared first on Canadian Plastics.
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