Caltex Launches A$300 Million Note Issue to Fund Refinery Closure
Caltex Australia Ltd. (CTX.AU) said Tuesday it will raise A$300 million from a hybrid note issue and shrink the proportion of profit it pays in dividends to help fund the closure of its Kurnell oil refinery in Sydney.
U.S. Plans Antidumping Duties On South Korea, Mexico Washers
The U.S. Commerce Department again responded favorably Monday to Whirlpool Corp.'s (WHR) request for relief from imported washing machines by setting antidumping duties on residential washers from South Korea and Mexico.
Brazil Steelmaker Usiminas Posts 2Q BRL87 Million Net Loss
Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA (USZNY, USIM5.BR), or Usiminas, reported a second-quarter net loss of 87 million Brazilian reais ($42.87 million), the company said Monday.
Humana Reports Weaker Profit, Cuts Guidance
Humana Inc. (HUM) reported weaker second-quarter earnings, pressured by a recent legal settlement, while cutting its full-year forecast because of high costs for both new and existing customers on Medicare plans.
Supervalu CEO Dismissed; Chairman Wayne Sales Takes Helm
Struggling grocery store operator Supervalu Inc. (SVU) dismissed Chief Executive Craig R.
Singapore GIC: 20-Year Annualized Real Rate of Return 3.9% for Year Ended in March
The Government of Singapore Investment Corp. said Tuesday its average rate of return for the fiscal year ended in March was unchanged from the previous year, but warned investment returns are likely to remain low given uncertainty surrounding the global economy.
Creditors, Bankrupt Alabama County Finally in Talks
The Alabama county and Wall Street creditors are finally in talks on possible workout.
Manchester United Expects to Offer 16.7 Million Shares at $16-$20
U.K. soccer club Manchester United said its IPO plans to raise as much as $167 million in its IPO, according to documents filed Monday with the Securities and Exchange Commission.
Brazil Usiminas Swings to 2Q Net Loss of BRL87 Million
Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA (USIM5.BR, USZNY), or Usiminas, reported a second quarter net loss of 87 million Brazilian reais ($42.87 million), reversing its gain of BRL157 million in the year-earlier period, the company said Monday.
Movistar, Entel, Claro Awarded Chile's 4G Spectrum
Mobile-telecommunications companies Empresa Nacional de Telecomunicaciones SA (ENTEL.SN), Movistar--the local unit of Spain's Telefonica Moviles SA (TELMOVC1.VL)--and Claro, owned by Mexico's America Movil SAB (AMX, AMX.MX, AMOV), were awarded Chile's fourth-generation wireless spectrum, the