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Eurozone business activity slows

2013-11-21 13:10:33| BBC News | Business | UK Edition

Eurozone business activity slows in November, a closely watched survey suggests, casting doubt on the strength of the region's economic recovery.

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UK: Asda third-quarter sales growth slows

2013-11-15 18:51:00| Daily apparel & textile news and comment - from just-style.com

UK retailer Asda saw its third-quarter sales growth slow, but the business is looking to improve its clothing offer in store as part of a wider investment, according to one analyst.

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Cisco revenue growth slows in October quarter

2013-11-14 08:58:00| Telecompaper Headlines

(Telecompaper) Cisco reported revenues for its fiscal first quarter up just 1.2 percent year-on-year to USD 12.1 billion, while net profit fell 4.6 percent to USD 2.0 billion. Cisco said revenues were less than expected and profits were impact by one-time charges of USD 237 million for job cuts and USD 257 million for the acquisition of the rest of Insieme Networks. Adjusted EPS for the three months to 26 October, excluding the charges, was still up 10.4 percent to USD 0.53. On a geographic basis, the company's sales fell in Asia, but grew in other regions. On a product basis, sales of service provider video equipment fell 8 percent, and NGN routing systems were lower 1 percent lower year-on-year at 2.04 billion. Sales at the main switching business grew 3 percent to USD 3.75 billion, and the data centre operations continued to grow strongly, up 44 percent to USD 601 million. With a book-to-bill ratio of less than 1 and product orders down 4 percent in the past quarter, Cisco's revenues may remain under pressure in the current quarter. The company reported product orders down in all regions in fiscal Q1, as well as weaker spending by service providers and the public sector. Operating cash flow was up slightly from a year earlier to USD 2.6 billion, and Cisco finished the quarter with USD 48.2 billion in cash. After spending USD 2.0 billion on share repurchases in the quarter, the company authorised another USD 15.0 billion for the buyback programme.

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Japan's economic growth slows down

2013-11-14 07:58:35| BBC News | Business | UK Edition

Economic growth in Japan, the world's third-largest economy, slowed to 0.5% in the three months to September, figures show.

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Devastation in Typhoons Path Slows Relief in Philippines

2013-11-11 15:30:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: Three days after one of the most powerful storms ever to buffet the Philippines, the scale of the devastation and the desperation of the survivors were slowly coming into view. The living told stories of the dead or dying the people swept away in a torrent of seawater, the corpses strewn among the wreckage. Photos from the hard-hit city of Tacloban showed vast stretches of land swept clean of homes, and reports emerged of people who were desperate for food and water raiding aid convoys and stripping...

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