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Latest Corus Group Stories

2011-06-14 16:00:00

TORONTO, June 14, 2011 /PRNewswire/ - Corus Entertainment Inc. (TSX: CJR.B) today announced that the Toronto Stock Exchange ("TSX") has accepted the notice filed by Corus of its intention to make a Normal Course Issuer Bid for its Class B Non-Voting Participating Shares through the facilities of the TSX, or any other alternative Canadian trading system. Pursuant to the terms of its Normal Course Issuer Bid, Corus may, during the 12-month period commencing June 16, 2011 and ending...

2010-05-18 10:46:00

PITTSBURGH, May 18 /PRNewswire/ -- Tube City IMS Corporation, a provider of products and services to steel mills and foundries globally, today announced that its subsidiary, Tube City IMS UK, based in Scunthorpe, England, has received the "Contractor of the Year" award from its major customer Corus, a Tata Steel Group company. The award, which recognizes suppliers to the Scunthorpe steelworks who excel in safety performance and customer satisfaction, was presented at Corus' annual...

2009-03-18 16:26:00

BEACHWOOD, Ohio, March 18 /PRNewswire/ -- Aleris International, Inc. announced today that following a hearing on Monday, March 16, the U.S. Bankruptcy Court for the District of Delaware has granted final approval for the company's debtor-in-possession ("DIP") credit facility in connection with its previously announced Chapter 11 filing on February 12, 2009. The $1.075 million DIP credit facility, which includes a new $500 million term loan and a $575 million revolving credit facility, will...

2009-03-11 18:26:00

BEACHWOOD, Ohio, March 11 /PRNewswire/ -- Aleris International, Inc. today provided an update on its debtor-in-possession financing and first day motions in connection with its previously announced Chapter 11 filing on February 12, 2009. The U.S. Bankruptcy Court for the District of Delaware authorized the Company to pay and continue to honor certain remaining employee benefits that had not been previously approved. It also granted final approval of the Company's first day motions for...

2009-02-13 14:19:00

Court Authorizes Continued Payment of Employee Wages and Benefits, Payment to Vendors and Suppliers for Post-Petition Goods and Services, and Other Actions to Allow Business to Operate as Usual Interim Approval Granted for Access to Portion of DIP Facility BEACHWOOD, Ohio, Feb. 13 /PRNewswire/ -- Aleris International, Inc. announced today that the U.S. Bankruptcy Court has granted the relief the Company requested in a series of court filings known as "First Day Motions." The orders issued...

2009-02-12 12:55:00

All Facilities Open, Normal Operations Continue; Aleris Obtains $1.075 Billion DIP Financing Commitment from Bank Group International Operations Not Included in the Filing BEACHWOOD, Ohio, Feb. 12 /PRNewswire/ -- Aleris International, Inc., a global leader in aluminum rolled products, extrusions and recycling, announced today that it and its wholly-owned U.S. subsidiaries have filed petitions for voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code as a result of financial...

2009-01-26 13:54:54

British steel maker Corus said Monday it would cull 3,500 jobs out of a worldwide workforce of 42,000, as a reaction to the economic slowdown. Corus said it would make every effort to achieve the job losses through voluntary redundancies, whilst retaining critical skills in the business. The cuts are part of a fresh wave of job cuts expected in Britain this week, The Times of London reported Monday. Plane and car parts supplier GKN is expected to announce further cuts, having cut 1,400 jobs...

2008-12-01 15:31:00

BEACHWOOD, Ohio, Dec. 1 /PRNewswire/ -- Aleris International, Inc. announced today that it will be permanently closing its Tipton, Indiana specification alloys facility, effective today. As previously announced, production at this facility was idled on March 30, 2008. Prior to idling production, the facility employed approximately 55 people. Production has been transferred to other Aleris facilities in North America. Aleris will continue to provide the same high quality products and...


Word of the Day
cock-a-hoop
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'
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