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Dell Posts Weak Earnings: Services Growth Slow Going
2013-05-17 13:13:00| TechWeb
Dell's enterprise business showed growth this quarter, but not enough to overcome a steep decline in PC margins.
Tags: services
posts
growth
dell
Today's oil prices slide on weak factory data; US stockpile drop caps further fall
2013-05-16 01:00:00| Offshore Technology
Oil prices fell today after data showed that US factory production had dropped unexpectedly, reducing the outlook for demand; however, a surprise reduction in US crude stockpiles helped restrict any further fall in price.
Vimpelcom Q1 revenues flat on weak Italian market
2013-05-15 09:58:00| Telecompaper Headlines
(Telecompaper) Vimpelcom reported flat revenues for the first quarter, hurt by weaker results in its second-largest market Italy and negative currency effects. Revenues of USD 5.59 billion were up 1 percent on an organic basis and would have rose 4 percent organically if the 72 percent cut in Italian termination rates was excluded, the company said. In its home market Russia, revenues improved 4 percent to USD 2.30 billion and were up 5 percent on an organic basis, while Italian revenues fell 8 percent to USD 1.62 billion and dropped 9 percent on a comparable basis. Group EBITDA still improved 2 percent to USD 2.35 billion, and the net profit rose 28 percent to USD 408 million. Capex fell 6 percent to USD 595 million, but excludes USD 179 million for a backbone contract in Italy. Vimpelcom said it plans to accelerate capex in Russia and possibly Algeria to reach 21 percent of revenues over the full year. Operating cash flow fell 21 percent from year earlier to USD 1.27 billion, while net debt reduced to 2.3 times EBITDA from 2.6 a year ago. Vimpelcom maintained its dividend guidance and said it was on track to meet its medium-term targets.
Tags: market
flat
italian
weak
China sees higher auto sales amid weak economy in April
2013-05-09 16:02:13| Auto Dealers - Topix.net
China's auto sales surged 13.4 percent year-on-year in April, an industry group said Thursday, despite weakness in the world's second largest economy.
Toyota profits double on weak yen
2013-05-08 09:29:06| BBC News | Business | UK Edition
Toyota's profits more than double in the three months to March as a weakening yen and improving sales boost the carmakers comeback.
Tags: double
weak
toyota
profits
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