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S&P 500 Climbs in Week to Record on Debt Deal, Fed Bets
2013-10-19 13:29:48| Air Courier - Topix.net
U.S. stocks rose for the week, sending the Standard & Poor's 500 Index to a record, as Congress reached a deal to end the budget standoff and speculation grew that the Federal Reserve will maintain monetary stimulus.
Coca-Cola Third-Quarter Net Climbs as North America Sales Rise
2013-10-15 14:59:18| Beverages - Topix.net
Coca-Cola Co. , the world's largest beverage company, said third-quarter profit rose as sales volumes advanced in North America .
Value of merger of AMR and US Airways climbs, worth upward of $14 billion
2013-08-11 02:11:15| Airlines - Topix.net
When US Airways Group Inc. and AMR Corp. announced their merger on Feb. 14, officials said the deal was worth $11 billion.
Telstra's FY profit climbs 13%
2013-08-08 04:36:00| Telecompaper Headlines
(Telecompaper) Australian telecommunications carrier Telstra posted a profit for the year ended 30 June of AUD 3.9 billion, up 12.9 percent from AUD 3.4 billion in FY 2012. Total income went up by 1.9 percent to AUD 26 billion. Fixed revenues fell 2.7 percent to AUD 7.30 billion while mobile revenues went up 6 percent to AUD 9.20 billion. Data, IP, and ISDN revenues were AUD 3.04 billion, down 2.2 percent year-on-year. EBITDA totalled AUD 10.6 billion, up 3.9 billion from FY 2012. During the year Telstra added 1.3 million domestic retail mobile customers to a total of 15.1 million. The fixed retail broadband base rose by 173,000 new subscribers to 2.8 million and the number of bundled customers grew by 238,000 in the year to a total of 1.6 million. The company also had 3.9 million mobile subscribers in Hong Kong, up by 425,000. Telstra also said that since its LTE service launch, it has activated more than 2.8 million 4G devices. However, the PSTN customer base decreased by 287,000 or 3.6 percent to 7.8 million. Telstra expects growth to continue in financial year 2014 and forecasts low single digit total income and EBITDA growth, with free cashflow between AUD 4.6 and 5.1 billion. Telstra expects capital expenditure to be around 15 percent of sales as it continues to build out its LTE network.
Maxis Q2 net profit climbs 14%, smartphones to drive growth
2013-08-06 02:00:00| Total Telecom industry news
Malaysian telco posts net profit of 528 million ringgit ($163 million).
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