GLG News by Iron Ore Mining Experts

Hailed as a "no brainer" by analysts, Genco's forfeiture of over $50M in deposits to cancel the purchase of 6 new ships is nevertheless a bad indicator of how the company will fare going forward.

    The suit alleges four of the Class I Railroads violated Federal antitrust laws with respect to fuel surcharge.  The four Class I Railroads in the suit are CSX, Norfolk Southern, BNSF Railway, and Union Pacific Railroad.  The time period is July 2003 through June 20...

Tradewinds quoted Fearnley Fonds as suggesting that EGL is already in breach of its debt covenants due to falling asset values and that dividend cuts will be necessary.  While dividend cuts are inevitable, true asset values are higher than suggested.

Three years ago a former Chairman of an American OEM automotive company told me  that the problem with GM, Ford, and Chrysler was that they all believed originally that the Japanese would never learn how to make cars that Americans would buy, and, then, after that turned out to be false they simply...

The backbone of American manufacturing is made up of profitable, high-productivity companies in a variety of industries, which create or find a way to manufacture the latest and most relevant technologies for our health, safety, workplace productivity, or leisure. The backbone consists also of those...

Short term planning, or no planning at all, got the American owned and operated OEM Automotive industry into the predicament it is in today. Not only are the current managers of these companies not 'car-guys' they are also not manufacturing engineering or quality management 'guys.' You cannot decide...

It is incredible that anyone would consider financing the further operations of the American OEM automotive industry without insisting first that its current management be replaced as a precondition. The enabling legislation creating the facility to lend taxpayer originated funds include the following...

As lobbyists go, the American Association of Railroads (AAR) has to get the award for chutzpah in giving such a warm welcome to the new president. Like all bureaucrats and most elected officials, Mr. Obama seems to think of rail transportation primarily as a passenger service, although he has noted...

The North American civil rights movement has assured native Americans of their property rights and their sovereignty over the natural resources on their lands. American environmentalism has at the same time made sure that every conceivable roadblock is put in place to prevent the development of...

It seems that because he is too big for his own failure not to be noticed  on Wall Street and at his alma mater's plush New York City 'club" John Snow is blathering about how he sees a 'bailout' of his Chrysler deal as a mandatory step that the US Treasury must take. Of course, it was his own miscalculation...