Wednesday, April 7, 2010 as of 11:14 AM ET
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Read More at Wikipedia ›Jindal Steel & Power Ltd.
(532286.BY) is scouting for iron-ore and coking-coal projects around the world to feed new steel-making capacities the company is building in India, a senior executive said Wednesday.As an initial step, Jindal Steel acquired a 9.25% stake in Australian iron-ore explorer Apollo Minerals Ltd. (AON.AU) for A$1 million. In a statement late Tuesday, Apollo said the Indian company could invest more at a later stage.Jindal Steel Chief Financial Officer Sushil Maroo said his company is discussing deals to pick up stakes in other mining projects too.Jindal Steel expects to invest as much as $6 billion over the next four years to expand its steel-production capacity fivefold from the current 2.8 million metric tons a year.A major reason for looking outside is the difficulty in getting mines allocated in India, Maroo told Dow Jones Newswires. "Our motive for acquiring mines is to secure raw materials for our expansion projects in India three to five years down the road."...Many so-called right-brained people neglect to learn about investing. For creative, big-picture types, investing can seem too boring, too complicated … mathy.In fact...
Aon (NYSE:AON) revealed a 20% jump in fourth-quarter profit on Friday that just surpassed Wall Street expectations, as the world’s largest insurance broker continued...
The giant insurance broker Aon is moving its headquarters from Chicago to London yet reportedly will add 750 jobs in Chicago. It also reportedly anticipates adding 1...
When the calendar flips on Dec. 31, it will mark the end to one of the worst years on record for the casualty and property insurance industry, and with the floods in...
No one wants to work on major holiday like Christmas or New Year's Eve. But many small businesses choose to remain open during holidays to compete with the big retai...
The world's largest insurance broker, Aon (NYSE:AON) posted on Friday a third-quarter profit that missed the market's forecast, hurt by higher costs from Hewitt that...
As the holiday season approaches, many employers are looking to bulk up their work force for the expected rush of shopping, shipping and traveling that leads into th...
Jim Winkler, AON Hewitt managing principal, on the rising cost of health care, and what is behind the increase.
George Papadopoulos saw an opportunity when his wife's employer made big changes to her company's 401(k) plan.In addition to offering a list of mutual funds for empl...
By Natsuko WakiLONDON (Reuters) - Pension funds in developed economies are facing a new crisis as falling equities and tumbling bond yields widen their deficits, thr...
Consulting and insurance broker Aon (NYSE:AON) revealed a second-quarter profit that trumped Wall Street as its HR consulting unit benefited significantly from acqui...
By Ben Berkowitz and Rachel ChitraNEW YORK/BANGALORE (Reuters) - It's a rough time to be an insurer, and investors looking at quarterly earnings will be focusing mos...
India's Jindal Steel & Power Ltd. (532286.BY) has acquired a 9.25% stake in Australian iron-ore miner Apollo Minerals Ltd. (AON.AU) for A$1 million.In a late Tuesday...
During trading today, both the Financial sector (XLF) and the S&P500 showed little movement.Although it went in the opposite direction of the market today, the ETF t...
There are a few stocks that are down on high volume today:Oracle (NASDAQ:ORCL) saw its price drop on above-normal volume today, as 33.6 million shares have changed h...
As health reform heads to the U.S. Supreme Court, the federal government is going full bore on insurers who hike premiums to cover health care’s soaring costs, incre...
DOW JONES NEWSWIRESAon Corp. (AON) plans to pay roughly $70 million to acquire membership benefits marketing company Access Plans Inc. (APNC), bringing a new market ...
Many so-called right-brained people neglect to learn about investing. For creative, big-picture types, investing can seem too boring, too complicated … mathy.In fact...
With the average yearly health insurance premium projected to top $10,000 per worker this year, according to human resources consulting firm Aon Hewitt, employers ar...
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