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WestJet's load factor drops in March as capacity grows more than traffic

2015-04-06 16:05:36| Airlines - Topix.net

WestJet Airlines Ltd. says its passenger traffic continued to grow last month, but by less than the additional capacity it has added to its system. The company's chief executive, Gregg Saretsky, says that the industry's supply has been rising faster than demand in some southern markets and that trend has depressed load factors.

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Beneath California Crops, Groundwater Crisis Grows

2015-04-06 08:06:25| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: Even as the worst drought in decades ravages California, and its cities face mandatory cuts in water use, millions of pounds of thirsty crops like oranges, tomatoes and almonds continue to stream out of the state and onto the nations grocery shelves. But the way that California farmers have pulled off that feat is a case study in the unwise use of natural resources, many experts say. Farmers are drilling wells at a feverish pace and pumping billions of gallons of water from the ground, depleting...

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VIDEO: UK economy grows by 2.8%

2015-03-31 17:09:23| BBC News | Business | UK Edition

Official figures show that the UK economy grew by 2.8% in 2014, the highest rate of growth since 2006.

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UK consumer sentiment grows to 13-year high

2015-03-31 13:24:00| Daily apparel & textile news and comment - from just-style.com

Confidence among UK consumers rose to its highest level in almost 13 years this month, the latest figures have revealed.

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Huawei grows FY net profit 33%

2015-03-31 09:00:00| Telecompaper Headlines

(Telecompaper) Huawei reported net profit up 32.7 percent in 2014 to CNY 27.9 billion (USD 4.5 billion), and revenues rose 20.6 percent to CNY 288.2 billion. Growth was strongest at its consumer division, where sales rose 32.6 percent to CNY 75.1 billion on increasing smartphone sales and strong demand in emerging markets. The enterprise division posted sales up 27.3 percent to CNY 19.4 billion, led by growth in cloud data centre and networking products. At the main division carrier networks, Huawei increased sales 16.4 percent to CNY 192.1 billion. In addition to solid revenue growth, Huawei said profits were also helped by streamlined management and efficiency improvements. It also continued to invest heavily in R&D, with spending at CNY 40.8 billion in 2014, equal to 14.2 percent of revenue and up 29.4 percent from 2013. The company generated net cash flow of CNY 77.9 billion last year, and finished 2014 with debt of CNY 28.1 billion. 

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