Alcoa notified province-owned Hydro-Quebec it will cut power consumption in November and December next year.
To cut power use for 2 months?
Plum Creek Timber Company, Inc. (PCL) today announced its underwritten public offering of 12,100,000 shares of its common stock, par value $0.01 per share, was priced at $45.00 per share. The offering is expected to close on November 4, 2013, subject to customary closing conditions. In addition, Plum Creek has granted the underwriters a 30-day option to purchase up to 1,815,000 additional shares of Plum Creek common stock to cover over-allotments, if any.
Buried but apparently ripe for extraction are some of the biggest untapped gold deposits in western Europe.
With the millions up on millions of American having their affordable health care canceled, now we need another new name for Obama Care as the Un-affordable Care Act.
Verizon isn’t rebuilding destroyed PSTN networks because they are cruel, but because there are already better options.
U.S. intelligence officials offered no apologies for spying on foreign leaders without specifying who they targeted, defending the practice as the same thing other nations do to the American government.
All the other kids are doing it. As usual a childish response from the US government.
I see GM is back into financial trouble again, they cannot pay the $10B bailout money back to the taxpayers. The taxpayers will just have to take a lose on the bad loan we made to GM. I knew GM would never live up to payoff the bailout loans. Maybe we will learn our lesson on this and NEVER allow this to happen again, they should have gone into liquidation when they we in BK.
A government watchdog said the U.S. could lose nearly $10 billion on the $49.5 billion TARP loan it made to General Motors (GM) during the 2009 auto bailout.
The federal government has sold all but 7%, or 101 million shares, of the 61% stake it first took under the Troubled Asset Relief Program, an AP report said. The remaining shares would have to sell for $148 each for the Treasury Department to break even.
The special inspector general overseeing the TARP program said in a report to Congress that the government is currently showing a $9.7 billion loss on its books for the GM loan.
GM shares were up less than 1% at about 36 a share in Tuesday afternoon trading on the stock market today.
While the bailout came under heavy criticism, the Obama administration has said it saved 1 million jobs and prevented a deeper recession.
The inspector general report came a day before GM is slated to report third-quarter earnings results. After GM reported lower profit five of the last six quarters, consensus of analysts polled by Thomson Reuters is for a Q3 93-cent per share profit, matching the same quarter last year.
Revenue for the No. 1 U.S. and China auto seller is expected to grow 5.1% to $39.49 billion amid strong global sales. GM is promoting heavily in China to hold on to its No. 1 position in the world's largest auto market.
On an annual basis, GM sales in China are up 11% this year to 2.31 million vehicles, and it's on track to sell 3 million vehicles there in 2013.
Toyota Motor (TM), the world's No. 1 overall auto seller, rose fractionally Tuesday afternoon and Volkswagen (VLKAY) fell less than 1%. Among U.S. makers, Ford Motor (F)and Tesla Motors (TSLA) eased a bit.
Millions of Americans are going to be canceled on their affordable heath care and be forced to sign up for Obamacare.
With millions of consumers expected to lose their health coverage because it does not meet the minimum requirements under Obamacare.
Wow everyone sound like they are all tea party people over this Obamacare now. The democrats were running down the tea party on what they were saying about obamacare and now everyone has a whole lot of very bad thing to say about obamacare and saying the very same thing the tea party was saying. Has everyone switched to the tea party now?
Mexico is turning to its tax system to tackle the highest obesity levels in North America or Europe, with plans to raise levies on the fatty foods and sugary sodas that contribute to more deaths than drug violence.
When will the sale of the stock take place?
To help finance the acquisition, Plum Creek will float 14.1 million shares of its common stock in an underwritten public offering. It will also grant the underwriters a 30-day option to buy an additional 2.115 million shares. Goldman Sachs and JPMorgan Chase unit J.P. Morgan Securities are the issue's joint book-running managers.
At the moment, Plum Creek has just under 163 million shares outstanding. Its stock most recently closed at $49.63 per share.