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International Paper Reveals Solid Q1 Results Despite Unfavorable Weather, High Input Costs

2014-05-01 20:14:21| Paper - Topix.net

May 1, 2014 - International Paper today reported a first quarter 2014 net loss attributable to common shareholders of $95 million , including a pre-tax charge of $495 million associated with the Courtland mill shutdown, compared with net earnings of $436 million in the fourth quarter of 2013 and $318 million in the first quarter of 2013.

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US: Crocs Q1 earnings tumble on costs

2014-05-01 12:04:00| Daily apparel & textile news and comment - from just-style.com

Plastic shoe maker Crocs saw its earnings tumble in the first quarter as a result of one-off costs, the impact of the Easter shift and negative currency impacts in Japan and Russia.

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Sony cuts FY outlook on extra costs for PC exit

2014-05-01 09:08:00| Telecompaper Headlines

(Telecompaper) Sony has cut its profit forecast for its fiscal year to March 2014, due to extra costs for shutting down its PC business and a slowdown in its disc manufacturing business. The company said it will book JPY 30 billion in restructuring charges for the earlier announced exit from the PC business. These had previously been expected to fall in the following fiscal year, to March 2015, but have been moved forward. It will also book a JPY 25 billion impairment on the disc business, due to a slowdown particularly in Europe of CD and DVD sales and expected lower profitability from the activities in future. As a result, Sony expects an annual net loss of JPY 130 billion, versus a forecast in February for a loss of JPY 110 billion and a profit of JPY 43 billion in the previous year. The estimate for operating profit was cut to JPY 26 billion from 80 billion, while the sales outlook slightly increased, by 0.9 percent to JPY 7.77 trillion.

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Kellogg plans first bonds in euros since 2005 as costs decline

2014-05-01 06:38:50| Food - Topix.net

Kellogg Co. is meeting investors for the company's first sale of bonds in Europe in nine years as the cost of borrowing in the currency relative to U.S. dollars reached the lowest since July.

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Kellogg plans first bonds in euros since 2005 as costs decline

2014-04-30 19:00:21| Agriculture - Topix.net

Kellogg Co. is meeting investors for the company's first sale of bonds in Europe in nine years as the cost of borrowing in the currency relative to U.S. dollars reached the lowest since July.

Tags: costs plans euros decline

 

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