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Few companies can boast a name as grand as the Eurasian Natural Resources Corporation. Better known as ENRC, the unabbreviated version brings to mind some giant of the corporate world – and indeed, the company fits the bill, commanding a market value of nearly 10bn, with more than 70,000 employees.

Those figures reflect the miner’s vast operations. It is the world’s largest producer of ferrochrome on a chrome content basis and the world’s ninth largest producer of traded alumina by volume, not to mention a significant player in the iron ore market.

And yet, ENRC has not looked quite so grand in recent weeks. T

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Nearly a year since floating – and almost a decade after it was founded – if City scribblers’ calculations are proved correct, Ocado should announce its first net profit today.

The online grocer is revealing its first-half figures, with few surprises expected given that it last updated the market in May. Bank of America Merrill Lynch predicts the group will have finished the period some 700,000 in the black.

But despite the milestone being reached, the broker is not optimistic, pointing out Ocado’s comments last month citing “capacity constraints as it struggled to cope with demand”. As

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RIO DE JANEIRO — Latin American steelmaker Ternium SA expects to produce 2.5 million metric tons a year of steel at Acu port in Brazil in 2015, the port’s developer said Wednesday.

The steel mill’s capacity may then be expanded to up to 7.5 million tons a year of slabs–a product that requires further processing–in a later phase, said Alexandre Toussaint Pereira, manager at port developer LLX Logistica SA .

Ternium’s new steel project is currently at the environmental licensing stage. A public meeting held recently as part of this process went “smoothly”, Toussaint said on the sidelines of an event in Rio de Janeiro.

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PAWTUCKET – Dan Dwight has been named president and CEO of the Cooley Group, an 85-year-old company that develops flexible membranes for use in various industries, the company announced Wednesday.

Dwight is taking over for Jeffrey Flath who has been with Cooley, in various positions, since 1998. The company declined comment on Flath’s departure.

Dwight has “global leadership experience” in operations, finance, technology commercialization and private equity, the company said. He will be responsible for driving the overall performance of the company.

Before joining Cooley, Dwight was a consultant to early stage companies and private equity and venture capital firms.

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Transport Minister Troy Buswell has announced the launch of a free 4:00am weekend train service for six months from November.

Mr Buswell said the trial was in response to a Facebook campaign kicked off in April by Perth residents Seb Brodie and Scott Brosens.

“It’s important that the Government utilise our resources in the best way possible to provide services that people want, and it was put to me that thousands of West Australians want later train services on the weekend,” Mr Buswell said.

“As a result, Transperth will trial a 4am train on Saturday and Sunday mornings from November until April on all train lines, when we’ll evaluate its success and make a decision on future services.”

Mr Buswell said the current latest train service at 2.15am would run at 2am when the 4am service was introduced.

“Currently the 2.15am trains are free of charge, and during the trial both the 2am and 4am services will be free.”