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USEC (USU) details Q4 expenses, saying expects to log a significant Q4 and FY11 loss related to...

USEC (USU) details Q4 expenses, saying expects to log a significant Q4 and FY11 loss related to the expensing of a number of its AC100 centrifuge machines used in its lead cascade test program. The centrifuges were determined not to be compatible with the commercial plant design for the American Centrifuge Plant.
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  • maudie
    , contributor
    Comments (483) | Send Message
    Friday 01/13/2012 05:17 PM ET - Businesswire via COMTEX
    USEC Inc. (NYSE: USU) announced today that it continues to work on the American Centrifuge project and that USEC and the Department of Energy (DOE) have identified a path to provide interim funding for the initial phase of a research, development and demonstration (RD&D) program for the project.
    13 Jan 2012, 09:55 PM Reply Like
  • maudie
    , contributor
    Comments (483) | Send Message
    Wednesday 01/11/2012 08:21 AM ET - Marketwire via COMTEX
    Uranium stocks are looking to rebound this year after a disastrous 2011. The tragic Fukishima nuclear disaster last March weighed heavily on spot prices and clouded the long term growth outlook of the sector. While several European markets -- most notably Germany -- made policy decisions to cut nuclear energy programs, both China and the United States are expected to increase their nuclear energy output going forward.
    13 Jan 2012, 09:56 PM Reply Like
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