Ternium receives payment of all outstanding amounts in connection with Sidor’s nationalization

Luxembourg, October 10, 2012 – Ternium S.A. (NYSE: TX) announced today that it has received payment of the unpaid portion of the agreed-upon compensation for the May 2009 transfer of its interest in Sidor. Ternium received USD136.7 million. The receipt of this payment resolves the pending dispute with Venezuela relating to the nationalization of Sidor, …

Bigger, Better…Brilliant! The Frederique Constant Table Clock

Frederique Constant has, in a relatively short span of time, become renowned for creating technically brilliant and visually stunning watches. Timeless in appearance, these watches are crafted from the finest materials known to man, coupled with scientific advances–many of which have been developed in-house by passionate Frederique Constant artisans, engineers and craftsmen–that offer unsurpassed performance, …

Inchcape Shipping Services appoints Chief Commercial Officer

Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has announced the appointment of Nigel Pusey as Chief Commercial Officer. Nigel will be reporting directly to Claus Hyldager, Chief Executive Officer and will be a member of ISS’ executive management team. The new position has been created to deliver a tightly focused commercial strategy …

Greenpeace activists evade security at nuclear Swedish power plants

Stockholm, October 10, 2012 – Exposing the vulnerability of Swedish nuclear power plants, at least seven Greenpeace activists stayed more than 24 hours undetected at two sites following a test of their security procedures. More than 70 Greenpeace activists entered the Ringhals and Forsmark nuclear power plants on Tuesday to hold peaceful stress test of …

2012 worldsteel Safety and Health Excellence Recognition

New Delhi, 10 October 2012 – worldsteel has recognised four member companies, China Steel Corporation, Gerdau, NatSteel, and Tata Steel Limited for excellence in their safety and health programmes. Xiaogang Zhang, worldsteel’s Chairman for 2011/2012, said: “The goal of an injury-free work environment is the highest priority for our industry and the safety and health …

World Steel Association elects new officers and welcomes new members

New Delhi, 10 October 2012 – The Board of Directors of the World Steel Association (worldsteel) has elected the following new officers for 2012/2013: Chairman: Alexey Mordashov, General Director, Severstal JSC Vice Chairmen: Xiaogang Zhang, President, Anshan Iron & Steel Group Corporation Joon-Yang Chung, Chairman and CEO, POSCO Treasurer: John Surma, Chairman and CEO, United …

Social Security’s Investment Shortfall and US Government’s Financial Deficit Reporting = 64 Madoffs?

“The US Government has engaged in deceptive reporting on its financial performance for the last four decades,” writes World Scientific author Professor Nils Hakansson (University of California, Berkeley) in his book Social Security’s Investment Shortfall.  The concept of the Unified Budget currently employed by the US Government was mooted by President Lyndon Johnson and was …

Gold – the Hot Commodity of 2012 and 500 B.C.

With Interest in the Precious Metal High, Art Expert Examines Its Past If ever gold was precious, it’s now. “Gold has remained at or near record high prices, even while the value of other commodities falls,” notes art expert Terry Stanfill, author of Realms of Gold: Ritual to Romance (realmsofgoldthenovel.blogspot.com), a book that blends factual ancient …