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Tag: update
UPDATE 1-Nordstrom profit misses estimates, shares down
2016-02-18 23:39:23| Apparel - Topix.net
Feb 18 Department store operator Nordstrom Inc reported lower-than-expected quarterly profit as it offered deep discounts to clear excess inventory from the holiday season. Nordstrom's net income fell to $180 million, or $1 per share, in the fourth quarter ended Jan. 30 from $255 million, or $1.32 per share, a year earlier.
Tags: update
profit
estimates
shares
UPDATE 3-Brazil's Usiminas slumps as turnaround plan remains uncertain
2016-02-18 22:06:17| Steel - Topix.net
Feb 18 Shares in Usinas Siderurgicas de Minas Gerais SA slumped on Thursday after shareholders failed to agree on a plan to help the money-losing Brazilian steelmaker weather a slumping domestic economy and alleviate its swelling debt burden. On a call to discuss fourth-quarter results, executives said controlling shareholders Nippon Steel & Sumitomo Metal Corp and Techint Group are studying steps to bolster Belo Horizonte, Brazil-based Usiminas.
Tags: plan
update
remains
uncertain
New iOS 9.2.1 update un-bricks iPhones, fixes Error 53
2016-02-18 21:23:23| Extremetech
Apple has released a new iOS update to fix the dreaded 'Error 53' message that previously signaled a permanently bricked iPhone. Device owners who already replaced them can contact the company regarding reimbursements.
UPDATE 1-Braskem boosts investment, ready to fire up Mexico plant
2016-02-18 20:40:45| Chemicals - Topix.net
Feb 18 Braskem SA, Latin America's largest petrochemical company, plans to increase investment by more than 50 percent this year as it starts new production lines in Mexico and the United States, making the most of cheaper raw materials and a stronger dollar. The Brazilian company said in a filing on Thursday that it planned 3.66 billion Brazilian reais of capital spending in 2016.
Tags: update
ready
mexico
fire
UPDATE 1-UK cost agency queries value of $700,000-a-year Alexion drug
2016-02-18 12:56:58| Biotech - Topix.net
An enzyme treatment from Alexion Pharmaceuticals costing 491,992 pounds a year may be worth using in babies with a rare disorder but does not represent good value for all patients, Britain's healthcare cost watchdog said. Kanuma is designed for treating lysosomal acid lipase deficiency, a rare inherited genetic disease in which fats build up in cells.
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