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Tag: exit
US: Bebe Stores to exit 2b business to drive growth
2014-06-30 11:37:00| Daily apparel & textile news and comment - from just-style.com
Bebe Stores has announced plans to exit its 2b business as part of the women's wear retailer's on-going turnaround plan to drive long term growth and sustainable profitability.
Tags: business
drive
stores
growth
After Fabia's exit, Skoda looks to fill hatchback void with new small car
2014-06-28 12:46:39| Auto Dealers - Topix.net
Czech carmaker Skoda Auto's Indian arm aims to fill the void in the hatchback space, following the phase-out of the Fabia in early 2013, with a new car.
Chinas banking leader rejects fears over British exit from EU
2014-06-18 19:10:03| BBC News | Business | UK Edition
The Chairman of China Construction Bank tells the BBC London will be a leading financial centre whatever the decision in a referendum
Tags: british
leader
banking
exit
Choice Genetics USA Files Plan of Reorganisation to Exit Chapter 11
2014-06-10 02:00:00| ThePigSite - Industry News
US – US pig and multi species genetics company Choice Genetics USA has jointly filed a plan of reorganisation with the Official Committee of Unsecured Creditors in the case.
Broadcom to exit cellular baseband business
2014-06-02 15:41:00| Telecompaper Headlines
(Telecompaper) Broadcom said it's considering selling or shutting down its cellular baseband business. The company hired JP Morgan to help it consider options. The company did not give a reason for exiting the business. In its Q1 2014 report, Broadcom blamed the operating loss at its Mobile & Wireless division on a substantial increase in R&D costs for developing cellular baseband products. Amid a "lengthy product development and sales cycle for LTE products", the company said it was still incurring more costs than revenue for the products. Broadcom said ending the baseband business would save it around USD 700 million a year in R&D, SG&A and associated stock option costs, not including any costs for impairment or restructuring if it closes the business. The savings will be invested at an estimated rate of USD 50 million a year in developing its broadband, infrastructure and connectivity businesses. Broadcom expects the extra investment will strengthen and accelerate the company's plans in the area of small cells, embedded processing and low-power connectivity. The company also updated its outlook for second-quarter results. Revenues are still estimated at USD 2.0-2.1 billion, but the gross margin will be at the high end of above its earlier provided range, thanks to a better product mix.
Tags: business
exit
cellular
broadcom
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