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Domtar Posts Second Quarter 2014 Profit Despite Planned Downtime and Maintenance Costs

2014-07-24 21:46:35| Paper - Topix.net

""While paper productivity improved from the first quarter, we took fifty-one thousand tons of lack of order downtime, which resulted in higher unit costs."

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GM profit 2Q falls 85 pct. on recall costs

2014-07-24 16:56:44| Automakers - Topix.net

DETROIT - Recall costs chopped $1.5 billion from General Motors' bottom line in the second quarter, cutting its net income by 85 percent.

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For Californians, higher costs dampen support for clean energy

2014-07-24 12:31:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: An overwhelming majority of California residents support the state's mandate for reducing heat-trapping greenhouse gas emissions, so long as they do not bear the higher costs of cleaner energy themselves, a new public opinion poll shows. Eighty percent of adults surveyed believe climate change poses a serious threat to California's economy and lifestyle, and 68 percent back a 2006 law for lowering statewide greenhouse gas emissions to 1990 levels by 2020. But support for specific initiatives to...

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Facing Mounting Interest, Pipeline Operator Agrees to Pay Costs

2014-07-22 23:45:54| ENR.com: Headline News

Dallas-owned pipeline compnay agrees to pay costs of a construction dispute as interest penalties mount.

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America Movil profit up in Q2 on lower financial costs

2014-07-22 09:17:00| Telecompaper Headlines

(Telecompaper) America Movil signaled plans to step up investment in networks as its revenue and customer growth started to slow. The company posted second-quarter revenues up 4.0 percent year-on-year to MXN 202.6 billion, while service revenues excluding currency effects increased 5.8 percent. EBITDA rose 2.4 percent to MXN 66.6 billion and increased 4.7 percent at constant exchange rates. Operating profit fell 3.3 percent to MXN 39.2 billion due to higher depreciation and amortisation of investments. Net profit was up 32.7 percent from a year ago to MXN 18.8 billion thanks to a reduction in financing costs. Capital expenditure reached MXN 45.6 billion in the quarter, or over 22 percent of revenues, while net debt was reduced by MXN 30.9 billion to 412.3 bilion. America Movil said it raised MXN 5.7 billion in the quarter in part from selling some of its shares in Dutch operator KPN. The operator finished the quarter with 338.7 million revenue-generating units, up by 3.0 percent from a year earlier. The mobile customer base rose by 524,000 in the three months, led by growth in Brazil and Mexico, to a total 266.9 million customers at the end of June. Fixed-line RGUs were up 1.2 million in the quarter to 71.8 million, including 309,000 new fixed telephony customers, 364,000 new broadband subscribers and 608,000 additional pay-TV clients. 

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