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Yahoo Q2 net up 46% as costs drop sharply
2013-07-17 02:00:00| Total Telecom industry news
Internet comapny posts earnings of $331.2 million, or 30 cents per share.
Mulberry sees profits fall sharply
2013-06-13 14:05:10| BBC News | Business | UK Edition
The British fashion group, Mulberry, reports a fall in profits and says it needs to increase awareness in Asia and the US.
Tags: fall
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sharply
Retired Lutz sharply criticizes Wagoner's GM tenure in book
2013-06-04 08:58:05| Automakers - Topix.net
Retired auto industry executive Bob Lutz says former General Motors chief executive Rick Wagoner wasn't the wartime leader GM needed to run the company and was 'too nice' to get the job done.
Tags: book
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Retail sales 'down sharply' in May
2013-05-29 13:40:07| BBC News | Business | UK Edition
UK retail sales fell at the fastest annual pace for 16 months in May, according to the CBI - a business lobby group.
Tags: may
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Telecom Italia net profit down sharply, sales fall 8% in Q1
2013-05-09 09:34:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported first-quarter revenues down 8.1 percent year-on-year to EUR 6.796 billion. Domestic revenues fell 10.1 percent to EUR 4.024 billion, and revenues from Brazil and Argentina were dampened by negative currency effects. EBITDA declined 10.1 percent to EUR 2.672 billion, and the margin dropped to 39.3 percent from 40.2 a year ago, hurt by a larger share of business from South America, where margins are lower, and higher smartphone sales. Net profit dropped to EUR 364 million from EUR 605 million in the year-earlier period. Capex fell slightly to EUR 878 million, and operating cash flow plunged to EUR 137 million from EUR 626 million a year ago, hurt by accumulated payments for the previous quarter. This led to an increase in adjusted net debt to EUR 28.77 billion from EUR 28.27 billion at the end of December. The operator still targets debt of less than EUR 27 billion by year-end, as well as flat revenues and a low-single digit percentage drop in EBITDA this year. In addition, the company approved the partial spin-off of its carrier services division Telecom Italia Sparkle, expected to be completed by the third quarter.
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