New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 20, 2014
09:17 EDTRIO, CLDCloud Peak announces termination of TRA with Rio Tinto
Cloud Peak (CLD) announced it has agreed to pay $45M to Rio Tinto (RIO) to terminate the Tax Receivable Agreement that was established at the time of Cloud Peak Energy’s Initial Public Offering in 2009. Under the acceleration and release agreement with Rio Tinto, this payment settles all future liabilities that would have been owed under the TRA. At June 30, Cloud Peak Energy carried an undiscounted liability of $103M in respect of its estimated future obligations under the TRA and anticipated making cash payments of approximately $14M each year in 2014 and 2015 and additional payments in some subsequent years. The settlement will result in a non-cash gain during the third quarter of approximately $58M before tax and approximately $37M after adjustments to the associated deferred tax assets. Cloud Peak Energy retains the deferred tax assets related to the step up in tax basis as a result of Rio Tinto’s disposal of the business. As such, Cloud Peak Energy will continue to benefit from increased tax depreciation and does not expect any increase in cash income taxes payable as a result of this transaction.
News For CLD;RIO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 21, 2015
10:01 EDTRIOOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
05:37 EDTRIORio Tinto downgraded to Equal Weight from Overweight at Barclays
Barclays downgraded Rio Tinto to Equal Weight following the company's Q1 results.
05:37 EDTRIORio Tinto backs FY15 production of 43M tonnes of bauxite, 8M tonnes of alumina
Subscribe for More Information
05:35 EDTRIORio Tinto reports Q1 global iron ore shipments up 9% to 72.5M tonnes
Subscribe for More Information
April 17, 2015
06:46 EDTCLDCourt looks poised to deny challenge to coal emissions rule, NY Times says
A federal appeals court seemed inclined to dismiss a lawsuit challenging the EPA's rule restricting carbon emissions from coal-fired power plants, The New York Times reported yesterday. Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT). Reference Link
05:57 EDTRIORio Tinto CEO expects to thrive on iron ore production, The Guardian reports
Subscribe for More Information
April 13, 2015
10:00 EDTRIOOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:07 EDTRIORio Tinto management to meet with JPMorgan
Subscribe for More Information
05:33 EDTRIORio Tinto downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Rio Tinto to Neutral after lowering its iron ore price expectations.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use