Noranda may sell off assets. (Mining News).After posting a $70-million loss in the third quarter, Noranda Noranda: see Rouyn-Noranda, Que., Canada. Inc. is toying with the idea of selling some of its non-core assets, including those of a U.S. wheel-making operation. In a bid to maintain its investment grade rating from Moody's and Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index , an official for the parent company of Kidd Creek in Timmins said in a recent conference call that the company could sell American Racing American Racing Equipment Inc. is a high performance after-market wheel manufacture started during the American muscle car era. History American Racing was founded by Romeo Palamides, a drag racer, J.O. Equipment. American Racing has three plants in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. area and a small plant in Queretaro, Mexico, and it employs 1,775 people. The book value for the aluminum automotive wheel producer in the U.S. is approximately $110 million U.S. However, an official for Noranda Inc. indicated they would not necessarily settle on that price. |
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