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Brasileña Gerdau vende planta española para dedicarse a activos más rentables

Río de Janeiro, 20 may (EFE).- El grupo siderúrgico brasileño Gerdau informó hoy que vendió su unidad productora de aceros especiales en España al grupo Clerbil SL por 155 millones de euros para poder concentrarse en sus activos más rentables.
“La venta en España fue realizada para que Gerdau pueda concentrarse en sus empresas con mayor rentabilidad”, informó la empresa brasileña en un comunicado enviado a la bolsa de Sao Paulo y en que se refirió al negocio anunciado más temprano en España.
El grupo brasileño, que es el mayor productor americano de aceros largos y tiene plantas en 14 países, explicó en la nota que su decisión busca “generar mayor valor de mercado” para sus accionistas, ampliar su competitividad y mantener bajo control la deuda ante los “desafíos globales de la industria del acero”.
Gerdau informó que alcanzó un acuerdo definitivo para entregarle su planta de aceros especiales en España a Clerbil SL por 155 millones de euros, en un negocio que puede llegar a 200 millones de euros en unos cinco años dependiendo del desempeño de la empresa.
La siderúrgica explicó que la empresa compradora es formada por un grupo de ejecutivos españoles de la unidad vendida, así como por su presidente ejecutivo, a quienes agradeció su empeño para “enfrentar el momento desafiante que atraviesa el mercado mundial del acero”.
Gerdau, cuyo beneficio neto se redujo un 95 % en el primer trimestre de 2016 frente al mismo período de 2015, anunció recientemente una completa reestructuración de sus operaciones para hacer frente a la crisis mundial de la siderurgia, provocado por el exceso de capacidad productiva.
Según el comunicado, la unidad vendida en España, con plantas en el País Vasco, Cantabria y Cataluña, volverá a operar bajo la marca de Sidenor.
Agregó que la empresa que será asumida por Clerbil a partir de julio, en caso de que las autoridades reguladoras españolas aprueben la operación, tiene una capacidad productiva de un millón de toneladas por año y ofrece aceros especiales a diversos sectores, principalmente el automotor.
Gerdau agregó que seguirá colaborando con Sidenor España en el desarrollo de nuevos productos de acero, especialmente teniendo en cuenta que la empresa vendida posee uno de los mayores centros de investigación y desarrollo en el sector siderúrgico en el país europeo.
Gerdau, uno de los mayores abastecedores de aceros largos del mundo, cuenta con plantas siderúrgicas en Argentina, Brasil, Canadá, Chile, Colombia, España, Estados Unidos, Guatemala, India, México, Perú, República Dominicana, Uruguay y Venezuela.
El grupo, con acciones negociadas en las bolsas de Sao Paulo, Nueva York y Madrid, tiene capacidad para producir 25 millones de toneladas de acero al año y es líder en materia de reciclaje de residuos de acero de Latinoamérica. EFE

Coolpad Max priced at Rs 24,999 launched in India; open sale on Amazon

Chinese smartphone maker Coolpad on Friday launched the Coolpad Max priced at Rs 24,999 in India - the smartphone is available exclusively on Amazon with the open sale starting on May 30 at 12 pm.

Coolpad Max is a dual SIM smartphone and comes with 4GB RAM, Snapdragon 617 Octa Core 1.5 GHz Cortex A53 processor, 5.5 inch screen with full HD display, and 13 MP rear camera with f/2.0 and ISOCELL sensor and 5 MP front camera.

Coolpad Max runs on Android 5.1 Lollipop with 64 GB inbuilt memory, expandable up to 64 GB. The dual space, dual domain feature allows user to have separate modes for personal and corporate life.

Coolpad Max sports non-removable 2800 mAh battery, Gorilla glass screen, Fingerprint scanner and Anti fingerprint coating, and quick charge feature. Coolpad Max will directly compete with Xiaomi Mi 5.

The smartphone is available in two colours - Royal Gold and Rose Gold.

Dr Luo, overseas CEO, said that Coolpad is targettimg 4 million units sale this year globally.

Coolpad will be announcing two more smartphones in India before Diwali. Coolpad says its smartphones will also be available offline in India besides online in the future.

Coolpad Max specifications:

Sim: Dual SIM

Display: IPS LCD, 5.5 inch, FHD 1920x1080 PX, Gorilla glass

OS: Android Lollipop

Processor: Snapdragon 617, Octa core 1.5 GHz

Memory: 64 GB ROM expandable up to 64 GB

Camera: 13 mp rear and 5 mp front

Battery: 2800 mAh non removable

Price: Rs 24,999

Sprint poised to kill two-year contracts — again

Just when you thought Sprint’s two-year contracts were back for good, America’s fourth-largest carrier is suffering a bout of indecision. Almost three months after reviving two-year contracts in the spirit of “giving (its customers) more choices to get their new device,” in Sprint’s words, an employee brief obtained by Android Central suggests the capricious carrier will once again eliminate two-year contracts as a payment option for its subscribers.

According to the leaked document, Sprint will cease processing two-year contracts on May 24, and won’t supplant them with a comparable plan. Instead, it’ll push current and new customers to its existing monthly phone financing and leasing programs, as well as continue to offer handsets at their unsubsidized, full retail price.

Related: Sprint vs. AT&T vs. Verizon vs. T-Mobile: Who has the best family plan?

Sprint’s decision to dispense (again) with two-year contracts isn’t exactly cause for protest — compared to the carrier’s installment options, Sprint’s contracts just weren’t a great value proposition. A new Galaxy S7, for example, retailed for $200 on contract instead of $650 unsubsidized, but the cost of those upfront savings were factored into monthly plan payments — a 1GB data plan cost $65 per month, plus the $200. An installment program spread over 24 months, by contrast, cost $67.09 for the same 1GB option ($40 for the data plan, and $27.09 per month toward the full retail price of the phone.) Total up the two up and the two-year contract amounted to $1,760 after two years versus the installment program’s price of $1,610 — a $150 premium. Even worse? Customers on contract continued to pay the higher, $65 monthly price even after they paid their their device in full.

When Sprint killed contract pricing in January, it said it did so in an effort to eliminate the sort of opaque plan subsidies that it ironically reintroduced in February, when it reneged on its decision. Although Sprint kept two-year contract pricing in place for existing customers, it initially funneled new subscribers to its long-term leasing programs and installment billing, at the time touting the elimination of contracts as a benefit for customers who frequently upgraded their devices. Rather than have to wait until their contract term was up, Sprint said, bleeding-edge adopters could buy the newest phone at any time their heart desired — as long as they were willing to pony up full price for the device they were currently using.

Related: Phoenix from the flames: Nokia’s coming back to mobile

It’s no secret that Sprint’s in the doldrums. The carrier reported a loss of $553 million in the first quarter of 2016, more than double its loss of $224 million in the same period a year ago, and a 2.5 percent year-over-year decline in revenue to $8.07 billion. And Sprint continues to trail behind rivals like T-Mobile in subscriber adds — it gained just 22,000 postpaid customers in Q1 compared to T-Mobile’s addition of nearly 1 million.

In the coming months, Sprint’s seeking to cut as much as $2.5 billion in costs in an effort to “increase efficiency.”

BJP legislator's aide among three held for Jharkhand scribe's murder

Ranchi, May 17 (IANS) BJP legislator Ganesh Ganjhu’s aide and two others have been arrested in connection with the murder of journalist Akhilesh Singh alias Indradeo Yadav in Chatra district, Jharkhand Police said on Tuesday.


“The refusal to pay levy to a Maoist organisation led to the murder. Of the five accused, three have been arrested,” Chatra Superintendent of Police Anjani Jha told reporters.

Akhilesh Singh, a local television reporter, was shot dead on Thursday when he was returning home.

According to police, the journalist was also involved in construction work and a Maoist group, Tritiya Prastuti Committee, had demanded Rs.7 lakh as levy.

Those arrested include Suraj Sao, said to be an aide of Bharatiya Janata Party’s Simaria legislator Ganesh Ganjhu, Jhaman Sao and Birabal Sao.

Police said shooter Munesh Ganjhu and mastermind Mukesh Ganjhu are yet to be arrested.

Akhilesh was the fourth journalist killed since the state’s creation in November 2000.

–IANS

ns/tsb/vt

Loi Travail : des militants et un journaliste interdits de manifester lors de la prochaine journée d'action

Les autorités prennent les devants à la veille d'une nouvelle journée de mobilisation contre la loi Travail. Une dizaine de militants du collectif Action antifasciste (AFA) Paris-Banlieue et du Mouvement interluttes indépendant (Mili) ont été interdits de manifester, rapporte Le Monde, lundi 16 mai. Selon un document posté sur Twitter par l'AFA, ces manifestants sont “interdits de séjour” entre 11 et 20 heures dans les quatre arrondissements de Paris où le défilé contre la loi El Khomri doit passer, mardi. Un photographe de presse a également reçu un document lui interdisant de couvrir le défilé parisien, révèle BuzzFeed.

Un article plus précis devrait suivre d'ici quelques heures #Antirep pic.twitter.com/Dlcs8fRJKY

— AFA Paris/Banlieue (@AFA_Paris75)

15 mai 2016

La préfecture de police de Paris justifie cette décision par l'article 5 de la loi sur l'état d'urgence, qui permet “d'interdire le séjour dans tout ou partie du département à toute personne cherchant à entraver, de quelque manière que ce soit, l’action des pouvoirs publics”. La préfecture indique que les militants concernés ont été “remarqués, à de nombreuses reprises” lors de manifestations contre la loi Travail. Et d'ajouter que “ces rassemblements entraînent régulièrement des débordements”. Le texte envoyé à ces militants ne précise toutefois pas s'ils ont été vus commettant des violences, précise Le Monde. Il n'indique pas non plus la peine encourue s'ils choisissent de braver cette interdiction.

Les arrêtés contestés devant la justice

Le photojournaliste travaillant sous le pseudonyme de Nnoman a reçu exactement le même document dimanche, note BuzzFeed. Ce professionnel, qui détient une carte de presse, publie depuis le début de la mobilisation ses clichés dans le magazine engagé Fumigène, dans Paris Match, ainsi que sur sa page Facebook. Interrogé (…) Lire la suite sur Francetv info

VIDEO. Nouvelle mobilisation contre la loi travail : “La CGT avec d'autres syndicats ont appelé à durcir le mouvement”
Un étudiant nantais interdit de manifester contre la loi Travail : “On utilise l'état d'urgence pour écraser la lutte”
Jordanie : le pays mise sur le tourisme de luxe et le cinéma pour faire revenir les touristes
Regardez en direct l'interview du secrétaire général de la CGT, Philippe Martinez, au “20 heures” de France 2
VIDEO. Redoutant une baisse de leur pouvoir d'achat, les chauffeurs routiers entrent en grève contre la loi Travail
TREASURIES-U.S. bond prices slip ahead of Yellen

* U.S. Q1 GDP revised up, but slightly below expectations

* Traders await Fed’s Yellen appearance at 1715 GMT

* U.S. bond market to close early Friday, shut Monday

By Richard Leong

NEW YORK, May 27 (Reuters) - U.S. Treasury prices slipped on Friday as traders await for possible clues on the U.S. economy and timing on a possible interest rate increase from Federal Reserve Chair Janet Yellen, brushing off revised data on first-quarter economic growth.

Yellen is scheduled to participate in a discussion with economist Greg Mankiw at Harvard University at 1:15 p.m. (1715 GMT).

“People are waiting to see whether they would get anything meaningful, but it’s highly unlikely she wants to rock the boat before a long holiday weekend,” said Larry Milstein, head of government and agency trading at R.W. Pressprich & Co. in New York.

The U.S. bond market will close early at 2 p.m. (1800 GMT) and stay shut on Monday for the U.S. Memorial Day holiday.

Treasury yields are on track to finish lower on the week after short- and medium-term yields reached their highest in 10 weeks on Wednesday.

Strong demand for U.S. government debt emerged for this week’s $88 billion in coupon-bearing securities and month-end portfolio rebalancing, analysts said.

Benchmark 10-year Treasury notes were own 3/32 in price for a yield of 1.834 percent, up 1 basis point from Thursday.

Two-year yield was up over 1 basis point at 0.883 percent, while five-year gained 1 basis point at 1.354 percent.

On Wednesday, two-year and five-year yields reached their highest in 10 weeks at 0.938 percent and 1.424 percent, respectively.

Traders scaled back their expectations on a possible U.S. rate increase in June despite upbeat housing data this week.

They also shrugged off the government’s revised estimate on the gross domestic product in the first quarter, which was revised up to 0.8 percent from the initially reported 0.5 percent. Analysts polled by Reuters had forecast a upward revision to 0.9 percent.

Interest rates futures implied traders saw a 24-percent chance the Fed would raise rates at its June 14-15 policy meeting, down from 26 percent on Thursday. Traders had priced as high as a 38-percent chance of a June hike earlier this week, according to CME Group’s FedWatch program.

(Reporting by Richard Leong; Editing by Nick Zieminski)

假釋又偷車 竊嫌被逮下跪求饒

才剛出獄又壞事被抓,台中林姓男子剛剛出獄2天,就偷了贓車,還到處行竊,偷了民眾20萬的救命醫藥費,騎贓車被警方抓,男子情急之下竟然腿軟下跪,警方也在他身上搜到80000元現金,這下才剛假釋又犯案,又得回牢籠,恐怕還會面臨撤銷假釋。

員警vs.嫌犯:「來,坐著,(不用我這樣就好),我蹲跪著不會累啦。」

男子跪在地上,就是不起來,他涉嫌偷摩托車,被警方逮個正著。

員警vs.嫌犯:「(什麼職業的?),沒有我剛剛出獄,(什麼案子入獄?),之前就竊盜啊。」

原來林姓男子假釋出獄才2天,就偷機車還趴趴走行竊,警方在他身上搜到大筆現金,因為他騎車闖民宅偷了包包,裡面有20萬鉅款是民眾,要拿來當醫藥費救命錢的。

立人派出所所長林添宏:「當事人準備要拿這筆錢當救命錢,因為他的家人就是母親,在醫院準備要當醫療費用。」

嫌犯把偷來的20萬,其中的80000元放身上,剩下的跟著包包,放到賣場置物櫃,心思相當縝密。

立人派出所所長林添宏:「他也考慮到他之前,也犯了好幾次的竊盜案,所以警方一到現場,就有點站不住了,腿軟蹲下的感覺。」

嫌犯因為竊盜入獄,等到有假釋機會,沒想到出獄又犯案,這下恐怕會面臨假釋撤銷。(民視新聞許家程、蔡枘埏台中報導)

Ruthless kid can teach all of us about how to survive on a desert island

We’ve all thought about what we’d do if we found ourselves stranded on a desert island, but only few of us actually have what it takes.

Being marooned on a lonely island takes cunning, ingenuity and the ability to make tough decisions.

SEE ALSO: Kid has hilariously patriotic response to bird-themed homework question

This kid has all of these qualities and more.

Image: reddit, chaos_ensued

When choosing between their own emotional comfort and their physical survival — their answer is a no brainer.

We’re worried for their desert island neighbor, though.

Venezuelan opposition warns foreign contracts need assembly's OK

CARACAS, May 26 (Reuters) - Venezuela’s opposition-led National Assembly on Thursday warned that contracts signed between the leftist government and foreign companies without lawmakers’ approval would be null.

President Nicolas Maduro this month declared an economic emergency and state of emergency that lets his administration sign contracts without Congress’ approval.

The assembly’s warning, though is not backed by legislation, is likely to create concern among foreign businesses that are seeking remain in the good graces of both the socialist government and opposition adversaries who control Congress.

“We’re going to tell all the embassies that the only valid contracts are those reviewed by the National Assembly,” its President Henry Ramos said. “Contracts that weren’t approved by the assembly will lack validity in this government as well as the following one.”

The opposition is seeking to remove the unpopular Maduro in a recall referendum this year, and insists that the president be replaced before his term ends in 2019. Maduro has dismissed this as impossible.

“We’re worried about the National Assembly’s decision,” said one executive at a foreign company in Venezuela, who requested anonymity to avoid any business impact.

But in recession-hit Venezuela, recouping outstanding debt is a bigger issue, the executive said. “We’re even more worried about lack of payments and those delays make it impossible to sign new contracts.” (Reporting by Eyanir Chinea and Alexandra Ulmer; Writing by Alexandra Ulmer; Editing by Richard Chang)

Kylie Jenner's Lip Kits Facing a MAJOR Change

You finally get through to KylieCosmetics.com, you select your shade and wait eagerly for the delivery of the black and white unmistakable packaging and then BAM! All that waiting for nothing but an empty box… sound familiar?
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Fevertree Drinks Plc – Value Analysis (LONDON:FEVR) : May 23, 2016
Click here to see latest analysisCapitalcube gives Fevertree Drinks Plc a score of 91.Our analysis is based on comparing Fevertree Drinks Plc with the following peers – A.G. BARR p.l.c., Majestic Wine PLC, Chapel Down Group plc and SABMiller plc (BAG-GB, WINE-GB, CDGP-GB and SAB-GB).Investment OutlookFevertree Drinks Plc has a fundamental score of 91 and […] (Read more...) The post Fevertree Drinks Plc – Value Analysis (LONDON:FEVR) : May 23, 2016 appeared first on CapitalCube.
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Reliance Energy Announces Investment in its Crude Oil Gathering System from Metalmark Capital

MIDLAND, Texas & NEW YORK–(BUSINESS WIRE)–

Reliance Energy (“Reliance” or “the Company”), a Permian Basin focused upstream company that owns approximately 40,000 net acres in the prolific Northern Midland Basin, today announced that it has received an investment in its crude oil gathering affiliate, Reliance Gathering LLC, from Metalmark Capital (“Metalmark”), a private equity firm with expertise in the energy sector. Reliance will use the proceeds to fund the development of its acreage underlying the gathering system in the Northern Midland Basin and for general corporate purposes. Financial terms of the Metalmark investment were not disclosed.

“We are excited to partner with Metalmark and continue to scale our already successful crude oil gathering system,” said Gary D. McKinney, the Founder and CEO of Reliance “We are proud to have grown our gathering system to over 125 miles of pipeline with another 35 miles in process or planned and up to 200,000 barrels per day of capacity, covering more than 110,000 dedicated acres and reaching numerous third party customers. With Metalmark’s support, we are well-positioned to continue driving growth both by serving existing customers that are actively developing the catchment area and by expanding the footprint of our gathering system to new customers. We look forward to leveraging Metalmark’s long-proven expertise in the midstream oil and gas sector as we embark on our next phase of growth.”

“We are pleased to be working alongside Gary and his impressive team at Reliance,” said Gregory D. Myers, a Managing Director of Metalmark Capital. “The combination of highly productive acreage feeding the system, a first mover advantage and multiple access points to market create a very high quality asset with strong growth potential notwithstanding the current low commodity price environment. Not only does this investment complement our existing portfolio of energy investments, but it also aligns with our historical investment strategy of leveraging our deep expertise to facilitate valuable partnerships with founder-owned businesses.”

Metalmark partnered with Monarch Natural Gas Holdings, LLC (“Monarch”), a Metalmark portfolio company led by Founder, Chairman and CEO, Greg Sales. Monarch is focused on building and operating natural gas gathering and processing midstream assets as well as oil gathering and blending assets, and providing production services to natural gas producers.

RBC Capital Markets acted as exclusive financial advisor and Sidley Austin LLP acted as legal advisor to Reliance in connection with the transaction. Davis Polk & Wardwell LLP acted as legal advisor to Metalmark and Monarch.

About Reliance Energy:

Reliance is a private Midland based oil and gas company focused on developing upstream and midstream assets. The Company has over 100,000 net acres in the Permian Basin, including approximately 40,000 net acres in the prolific Northern Midland Basin.

About Metalmark Capital

Metalmark Capital is a leading private equity firm whose principals have a long track record of successful investing in targeted sectors, with a particular focus and competence in energy, business services, growth industrials and healthcare. Metalmark seeks to build long-term value through active and supportive partnerships with company founders and management teams. Metalmark is currently investing its latest fund with $2.5 billion of capital commitments. More information is available at www.metalmarkcapital.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160523005787/en/

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