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Chinese-backed Blu LNG slows down U.S. growth plans
2014-02-01 19:56:55| Air Courier - Topix.net
Blu LNG, one of the biggest names in the move to wean U.S. trucks off diesel onto natural gas, has laid off 20 percent of its staff, ousted several senior executives and slowed down development of fueling stations as it waits for more truckers to embrace the switch to the cheap and cleaner-burning fuel.
Motorola slows Google growth in Q4
2014-01-31 08:39:00| Telecompaper Headlines
(Telecompaper) Google reported fourth-quarter revenues up 17 percent from a year earlier to USD 16.86 billion. Motorola accounted for 7 percent of revenues or USD 1.24 billion, down from USD 1.51 billion a year ago. Google's own revenues were up 22 percent year-on-year to USD 15.72 billion. The company reported a 31 percent rise in paid clicks for ads served, while the average cost per click fell 11 percent from Q4 2012. Traffic acquisition costs, the portion of revenues shared with partners, increased to USD 3.31 billion or 24 percent of ad revenue, compared to USD 3.08 billion a year ago. The company's operating profit totaled USD 3.92 billion in Q4, up from USD 3.39 billion in the year-earlier period. Motorola's loss more than doubled, to USD 384 million from USD 152 million, while Google's profit jumped to USD 5.32 billion from USD 4.42 billion. The group's net result was a profit of USD 3.38 billion or USD 9.90 per share, compared to USD 2.89 billion or USD 8.62 per share in the fourth quarter of 2012. After capital expenditures of USD 2.26 billion, Google generated free cash flow of USD 2.98 billion. The company finished the year with total cash of USD 58.72 billion.
Tags: google
growth
motorola
q4
Vimpelcom cuts dividends as growth slows
2014-01-28 14:14:00| Telecompaper Headlines
(Telecompaper) Vimpelcom announced it will not pay a final dividend for 2013 and reduce dividends for 2014, as it focuses on debt reduction and investment in the face of difficult economic and regulatory conditions in its markets. The company paid an interim dividend of USD 0.45 per share in 2013 and previously pledged a pay-out of USD 0.80 per share annually. From 2014, it aims to pay an annual dividend of USD 0.035 per share until its reduces net debt to less than two times annual EBITDA. The announcement was made at a strategy meeting with analysts in London where Vimpelcom updated its medium-term targets and issued new guidance for 2014. This year it targets stable revenue and EBITDA, net debt at around 2.3x EBITDA by year-end, and capex excluding licences at 21 percent of revenue. At the same meeting a year ago, it issued forecasts for the period 2013-2015 of a mid single-digit CAGR in revenue and EBITDA, net debt below 2x EBITDA by the end of 2015, and capex, excluding licences, of less than 15 percent of revenues by 2015.
Tags: growth
cuts
dividends
slows
Samsung profit growth slows as new iPhones take away sales
2014-01-24 19:29:31| Semiconductors - Topix.net
A billboard for Samsung Electronics' Galaxy Note 3 hangs in a showroom in Seoul, South Korea.
Tags: take
sales
growth
samsung
Colorado housing market slows
2014-01-24 17:35:38| Real Estate - Topix.net
According to the Denver Post , housing activity was weakest in the state's mountain-resort counties, which suffered a 15 percent drop in listings and a 14 percent drop in sales in the fourth quarter.
Tags: market
housing
colorado
slows
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