NEC Australia reveals losses, cuts and restructure – CRN Australia

NEC Australia has reported an operating loss of $19.3 million and engaged in a company restructure that saw redundancies and the elimination of two business lines, costing an additional $22 million to the IT suppliers bottom line. After non-operating adjustments, including interest costs and customer base amortisation, NEC reported a total comprehensive loss before tax…

Nutrient pollution: Voluntary steps are failing to shrink algae blooms and dead zones – The Conversation US

Summer is the season for harmful algae blooms in many U.S. lakes and bays. They occur when water bodies become overloaded with nitrogen and phosphorus from farms, water treatment plants and other sources. Warm water and lots of nutrients promote rapid growth of algae that can be toxic and potentially fatal to aquatic life and…

Under Armour launches restructuring after posting quarterly loss – Financial Times

Shares in Under Armour tumbled nearly 9 per cent in pre-market trading on Tuesday after the sportswear maker reported its second straight quarter of losses and launched a major restructuring plan that would slice its 2017 operating profit by half. The Maryland-based company also lowered its full year sales expectations amid tough trading conditions in…

‘Legalised theft’: Workers devastated by mine collapse – The Queensland Times

UPDATE 7pm: AFTER months of uncertainty an embattled central Queensland miner and part-owner of Wiggins Island Coal Export Terminal was placed into liquidation today. Administrators PPB Advisory confirmed this afternoon creditors voted that all five companies in the Caledon Coal Group (Caledon Coal Pty Ltd, CC Pty Ltd, Guangdong Rising (Australia) Pty Ltd, Blackwater Coal…

BREAKING: CQ coal miner, WICET part owner liquidated – Rockhampton Morning Bulletin

UPDATE 7pm: AFTER months of uncertainty an embattled central Queensland miner and part-owner of Wiggins Island Coal Export Terminal was placed into liquidation today. Administrators PPB Advisory confirmed this afternoon creditors voted that all five companies in the Caledon Coal Group (Caledon Coal Pty Ltd, CC Pty Ltd, Guangdong Rising (Australia) Pty Ltd, Blackwater Coal…

Maine Governor Vows to Fight for Student Debt Relief, R&D Bonds – Maine Public

PORTLAND, Maine – Maine’s Republican governor is vowing to fight for $100 million worth of bonds aimed at attracting young people and supporting research and development. Gov. Paul LePage on a Tuesday radio appearance expressed frustration with fellow Republicans opposed to such efforts. The bonds would fund programs to pay off student loans for those who agree…