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Tembec to update Ontario sawmills, put off Quebec spending until wood costs cut
2015-01-29 22:58:08| Agriculture - Topix.net
Tembec plans to invest about $50 million over the next five years to upgrade it Ontario sawmills, but will put off any spending in Quebec until the province lowers wood costs, which are the highest in North America. The Quebec-based forestry company said Thursday it can't justify investing in the province where log costs are 20 per cent higher than Ontario.
VIDEO: Shell to cut spending as oil plunges
2015-01-29 16:01:46| BBC News | Business | UK Edition
Royal Dutch Shell is going to cut its spending over the next three years to try and deal with the falling price of oil.
Shell to cut investment by $15bn
2015-01-29 09:24:33| BBC News | Business | UK Edition
Falling oil prices are forcing Royal Dutch Shell to cut back investment by some $15bn over the next three years.
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Carrizo Oil & Gas to cut drilling budget by 35 percent
2015-01-29 06:24:48| Oil & Gas - Topix.net
Carrizo Oil & Gas Inc. is the latest company operating in the Eagle Ford Shale to announce budget cutbacks amid slumping oil prices.
Airlines cut fares to cope with lean season
2015-01-29 03:10:22| Automakers - Topix.net
Tata Motors had announced on January 27 that it intends to raise Rs 7,500 crore with the quantum, pricing and timing to be decided later. For employees of IBM India, once considered the jewel in the crown of Big Blue, the coming weeks are expected to bring yet more layoffs.
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