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Stocks rebound sharply; automakers post strong February; Apple, FBI fight goes before Congress: Business News Links

2016-03-01 23:47:32| Apparel - Topix.net

This Wednesday, Nov. 4, 2015, photo, shows the front of a 2016 Dodge Ram 3500 Heavy Duty pickup at a Fiat Chrysler dealership in Doral, Fla. February sales bounced back after a slight decline in January.

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Pound falls sharply on Brexit fears

2016-02-22 09:36:48| BBC News | Business | UK Edition

The pound drops 1.4% against the dollar over uncertainty about a possible UK exit from the EU.

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Study shows reversal of fortunes as U.S. spending climbs sharply in Canada

2016-02-19 22:50:42| Auto Dealers - Topix.net

Although the weak loonie is expected to curtail even more cross-border visits this year from Canadians, a growing number of Americans are heading the other way to shop for bargains, according to a recent Canadian study. With much of the spotlight on Canadian travel, less is known about U.S. travel into Canada.

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UK Pig Farm Incomes Fall Sharply

2016-02-05 01:00:00| ThePigSite - Industry News

UK - The average Farm Business Income (FBI) for specialist pig farms is set to fall in 2015/16 by 46 per cent year on year, from £49,400 to £26,500, according to the latest forecasts from Defra.

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MediaTek profit down sharply as sales slow

2016-02-01 08:51:00| Telecompaper Headlines

(Telecompaper) MediaTek reported fourth-quarter revenues of TWD 61.71 billion, up 8.3 percent sequentially and 11.3 percent higher year-over-year. The increase was mainly due to the takeover of Richtek and a better mix of products for high-end consumer electronics, the company said. Annual revenue was flat at TWD 213.26 billion in 2015. MediaTek's gross margin fell to 38.5 percent in Q4, down 4.2 percentage points sequentially and 9.4 points lower year-over-year due to the tough competition and slowing sales in the smartphone market. Net profit fell 59.8 percent from a year earlier to TWD 2.18 billion, and EPS dropped to TWD 2.83 from TWD 6.65 in the year-ago quarter. MediaTek still increased operating cash flow strongly in the period, to TWD 18.16 billion from TWD 10.40 billion in Q4 2014. 

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