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Harman International Industries Inc

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  • Moody's lifts Harman credit out of junk status Thursday, 11 Oct 2012 | 4:23 PM ET

    STAMFORD, Conn.-- Moody's Investors Service on Thursday upgraded the credit rating for audio gear maker Harman International Industries Inc. to investment grade and out of junk status, saying that recent refinancing of its debt gives it more flexibility. Moody's assigned "Baa3" ratings to a $750 million unsecured line of credit and a $300 million unsecured loan.

  • UPDATE 3-Striking S.African gold miners reject pay offer Thursday, 11 Oct 2012 | 11:34 AM ET

    JOHANNESBURG, Oct 11- Striking gold miners in South Africa have rejected the industry's latest wage offer, a trade union said on Thursday, dimming hopes that strikes that have led to dozens of deaths and paralysed the sector could end soon.

  • S.Africa shares up as investors buy oversold stocks Thursday, 11 Oct 2012 | 11:18 AM ET

    JOHANNESBURG, Oct 11- South African shares rose for a second day on Thursday, as Richemont gained on an improved outlook for luxury goods and as investors piled into stocks they considered oversold following weeks of labour unrest.

  • UPDATE 2-Striking S.Africa gold miners reject pay offer Thursday, 11 Oct 2012 | 8:38 AM ET

    JOHANNESBURG, Oct 11- Striking gold miners in South Africa have rejected the industry's latest wage offer, a trade union said on Thursday, dimming hopes that wildcat strikes that have paralysed the sector could end anytime soon.

  • JOHANNESBURG, Oct 11- Striking South African gold miners have rejected the industry's latest wage offer, the National Union of Mineworkers said on Thursday, dimming hopes that wildcat strikes that have paralysed the industry could come to an end. Africa's top two bullion producers AngloGold Ashanti.

  • S.Africa's gold output up in Aug, platinum down Thursday, 11 Oct 2012 | 5:35 AM ET

    JOHANNESBURG, Oct 11- South Africa's gold output rose 0.4 percent in volume terms in August while total mineral production increased 0.8 percent compared with the same month last year, Statistics South Africa data showed on Thursday.

  • Striking S.Africa gold miners reject pay rise offer Thursday, 11 Oct 2012 | 5:18 AM ET

    JOHANNESBURG, Oct 11- Striking South African gold miners have rejected the industry's latest wage offer, the National Union of Mineworkers said on Thursday, dimming hopes that wildcat strikes that have paralysed the industry could come to an end. "This was a final offer from the companies. They said take it or leave it, "NUM spokesman Lesiba Seshoka said."

  • BRIEF - Moody's rates Harman International Industries Thursday, 11 Oct 2012 | 12:01 AM ET

    Oct 11- Moody's rates Harman International Industries senior unsecured bank credit facilities Baa3.

  • BRIEF-Harman closes new senior unsecured credit facility Wednesday, 10 Oct 2012 | 4:19 PM ET

    Oct 10- Harman International Industries Inc:. *Facility comprises of $750 million revolving line of credit, five-year $300. *To use proceeds, cash on hand, to pay off its $400 million outstanding.

  • JOHANNESBURG, Oct 6- Hundreds of striking South African workers rallied on Saturday to press Anglo American Platinum to revoke its decision to fire 12,000 wildcat strikers amid a wave of labour strife sweeping Africa's largest economy.

  • JOHANNESBURG, Oct 6- Hundreds of striking South African workers rallied on Saturday to press Anglo American Platinum to revoke its decision to fire 12,000 wildcat strikers amid a wave of labour strife sweeping Africa's largest economy.

  • S.African strikers press Amplats to revoke sackings Saturday, 6 Oct 2012 | 6:47 AM ET

    *Petra Diamonds workers end walkout. JOHANNESBURG, Oct 6- Striking South African workers rallied on Saturday to press Anglo American Platinum to revoke its decision to fire 12,000 wildcat strikers amid a wave of labour strife sweeping Africa's largest economy.

  • *Local NUM leader shot dead near Lonmin. Later on, a trade union leader was shot dead near a mine run by platinum producer Lonmin in a potentially explosive escalation of the two-month-old violent labour unrest that took the death toll to 49..

  • Oct 5- The credit profiles of rated companies in the S&P 500 Index weakened slightly in third-quarter 2012, as downgrades outnumbered upgrades by more than two to one, said an article published today by Standard& Poor's Global Fixed Income Research, titled "S&P 500 Credit Profile: Rising Stars Shine Despite Increasing Downgrade Activity In Third-Quarter 2012.".

  • JOHANNESBURG, Oct 5- Anglo American Platinum fired 12,000 wildcat strikers on Friday, a high-stakes attempt by the world's biggest platinum producer to push back at a wave of illegal stoppages sweeping through South Africa's mining sector and beyond.

  • JOHANNESBURG, Oct 5- Anglo American Platinum fired 12,000 wildcat strikers on Friday, a high-stakes attempt by the world's biggest platinum producer to push back at a wave of illegal stoppages sweeping through South Africa's mining sector and beyond.

  • JOHANNESBURG, Oct 5- The world's largest platinum producer, Anglo American Platinum, fired 12,000 workers taking part in a three-week illegal strike on Friday, following through on tough talk over wildcat stoppages in South African mines.

  • Pick n Pay, which named former UK head of Tesco, Richard Brasher, as its new chief executive this week, is down 6.16 percent at 43.99 rand. Shares of Anglo American and other resource companies lead the gainers on the benchmark index as investors chase bargains in a sector battered in recent days by a wave of wildcat strikes.

  • JOHANNESBURG, Oct 5- Shell said on Friday it could not honour fuel delivery contracts around Johannesburg because of a two-week truckers' strike and police shot dead a striking miner, taking the death toll in two months of South African labour unrest to 48..

  • JOHANNESBURG, Oct 5- Shell said on Friday it could not honour fuel delivery contracts around Johannesburg because of a two-week truckers' strike and police shot dead a striking miner, taking the death toll in two months of South African labour unrest to 48..