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Tag: investments
Audit: MTA mismanaged cash, investments
2013-02-13 19:11:25| Railroads - Topix.net
The Metropolitan Transportation Authority held more than $90 million in funds and bank accounts that the state comptroller's office said could have been used to meet its budget costs, an audit released Wednesday found.
Tags: cash
investments
audit
mta
Ford to Match Up to $750,000 of Investments by Dealers in Stores
2013-02-11 11:00:14| Auto Dealers - Topix.net
Ford Motor Co., targeting increased U.S. market share this year, told dealers yesterday that the company will match investments in their stores to improve the customer experience.
Tags: stores
match
ford
investments
Telecom Italia cuts dividend to boost investments
2013-02-11 08:58:00| Telecompaper Headlines
(Telecompaper) Telecom Italia announced it will cut dividend payments to EUR 450 million a year until 2015, in order to continue investing in the fixed and mobile operations in Italy and mobile services in Brazil. The company will also issue up to EUR 3 billion in hybrid subordinated debt securities in the next 18-24 months to strengthen its balance sheet. In its new strategic plan, the Italian operator targets stable revenues and a smaller decline in EBITDA this year, with net debt cut to less than EUR 27 billion by year-end. In the period to 2015, the aim is a low single-digit CAGR in sales and EBITDA and cumulative capex of EUR 16 billion over the three years. By the end of 2015, adjusted net debt should be less than two times EBITDA. In Italy, the focus will be on expanding the LTE and FTTC networks, as well as implementing another EUR 1.6 billion in cost reductions over the period.
Tags: italia
investments
telecom
cuts
Bowdoin College says it won't divest from fossil-fuel investments
2013-02-08 16:53:00| American School & University
Student group had collected signatures and met with college officials in call for divestiture. Schoolhouse Beat read more
Tags: college
investments
divest
fossilfuel
Rise in investments, costs hit Globe Telecom 2012 net profit
2013-02-06 01:00:00| Total Telecom industry news
Philippines operator says it expects to maintain revenue growth momentum in 2013.
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