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Oil drilling may slow drought recovery in Great Plains

2015-04-29 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Central: As the main driver of climate change, the connection between burning fossil fuels and global warming is clear. But evidence shows they may be connected in another way -- the physical footprint of oil and gas development on the landscape may not only contribute to global warming, it may also affect an ecosystem's ability to withstand it. New research shows that an area larger than the land area of Maryland -- more than 11,500 square miles -- was completely stripped of trees, grasses and shrubs...

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Seasonal American Hog Price Rise Off to a Slow Start

2015-04-28 02:00:00| ThePigSite - Industry News

US - The normal seasonal spring rally in live hog prices is getting off to a disappointingly slow start this year, writes Bruce Cochrane.

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Ford to lay off 700 workers due to slow car sales

2015-04-24 04:40:44| Auto Dealers - Topix.net

Ford Motor Co. said Thursday it's laying off 700 workers at a Michigan assembly plant because of slow sales of the small cars and hybrids it makes.

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Qualcomm cuts outlook again as Snapdragon sales slow

2015-04-23 08:10:00| Telecompaper Headlines

(Telecompaper) Qualcomm lowered its full-year outlook, citing a loss of customer share, particularly with one large customer, in the premium smartphone market. The chipmaker also announced a major cost review in an aim to shore up its margins. The news came alongside results for its fiscal second quarter to March, showing revenues up 8 percent year-on-year to USD 6.9 billion, in line with the company's outlook. MSM shipments rose 24 percent to 233 million, also as expected. Operating profit fell 33 percent to USD 1.3 billion, and EPS was down 45 percent to USD 0.65, well below Qualcomm's forecast due to a USD 975 million charge for the competition fine received in China. For the full fiscal year, Qualcomm now expects revenues of USD 25.0-27.0 billion, down from an earlier outlook of USD 26.3-28.0 billion and equal to a decrease of up to 6 percent from the previous year. EPS is expected to drop 21-29 percent to USD 3.28-3.68. In addition to lower Snapdragon revenues and a higher share of modems in its sales, Qualcomm expects it will still take time for its sales in China to recover after the competition investigation, as licensees evaluate its new terms agreed with the government there. The outlook does not include the planned takeover of CSR, which is now expected to close towards the end of the summer. Qualcomm also updated its forecast for 3G/4G device shipments this calendar year to reflect higher reporting in the grey market. IT now estimates sales of 1.174-1.190 billion devices, versus earlier guidance of 1.135-1.175 billion. For its fiscal third quarter, Qualcomm forecast revenues down 9-21 percent year-on-year to USD 5.4-6.2 billion, and EPS falling 37-49 percent to USD 0.67-0.82. 

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Ericsson Q1 turnover hit by slow spending in N America

2015-04-23 02:00:00| Total Telecom industry news

Swedish vendor's CEO says fast pace of 4G rollout in China helped to offset North American slowdown.

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