Tag: Yahoo Finance

31 Oct by Vitaliy Dadalyan Tags:

Massive mining waste dams could pose deadly risks, say investors

A global inquiry into how mining companies store billions of tonnes of waste in huge dams, launched after a collapse in Brazil killed hundreds, shows about a tenth of the structures have had stability issues, investors said on Thursday. The research was led by the Church of England (CoE) and fund managers after the collapse of a Vale dam in January unleashed an avalanche of mining waste on the Brazilian town of Brumadinho, killing an estimated 300 people. The investor review, which found at least 166 dams have had stability issues in the past, relied on companies' disclosures about their dams holding mining waste, known as tailings....
31 Oct by Vitaliy Dadalyan Tags:

Billionaire Agnellis Grab a Massive Sweetener

(Bloomberg Opinion) -- Fiat Chrysler Automobiles NV may have struck too fine a bargain with Peugeot SA. The Italian carmaker has extracted a chunky premium in exchange for agreeing a takeover that’s being dressed up as a merger. At first blush Peugeot’s shareholders aren’t convinced it’s worth it, and it’s not hard to see why they’re skeptical.While there’s no binding deal yet, the terms have been set to ensure Fiat investors take more out of the combination than they put in. The company’s market value was already smaller than Peugeot’s going into the tie-up. Even so, its shareholders — with the billionaire Agnelli family the largest — would withdraw about 5.8 billion euros ($6.5 billion), mainly from a special dividend, before the carmakers come together. That further diminishes Fiat’s financial contribution to the enlarged group.For their part, Peugeot investors will siphon off their company’s stake in car parts-maker Faurecia SE. That’s worth only 2.6 billion euros. Deduct...
31 Oct by Vitaliy Dadalyan Tags:

Chatham Lodging: 3Q Earnings Snapshot

WEST PALM BEACH, Fla. (AP) _ Chatham Lodging Trust (CLDT) on Thursday reported a key measure of profitability in its third quarter. The results exceeded Wall Street expectations. The West Palm Beach, Florida-based real estate investment trust said it had funds from operations of $28.6 million, or 60 cents per share, in the period....