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UK: "Tough" market slows Asda's like-for-like sales
2013-08-15 19:12:00| Daily apparel & textile news and comment - from just-style.com
Asda saw its like-for-like sales growth slow in the second quarter in what the UK retailer said was a "tough" market.
Tags: sales
market
tough
slows
Cisco to cut 4,000 jobs as sales growth slows
2013-08-15 08:30:00| Telecompaper Headlines
(Telecompaper) Cisco's fourth-quarter revenues increased 6.2 percent year-over-year to USD 12.4 billion. Switching revenue rose 5 percent to USD 3.80 billion, and IP routing was flat at USD 2.09 billion. Cisco said its book-to-bill ratio for the quarter was "comfortable above 1", with orders up 4 percent from a year earlier. This includes 5 percent growth in the Americas and 6 percent higher orders in EMEA, while in Asia, orders fell 3 percent. Cisco CEO John Chambers said in a conference call that the market was not improving fast enough and the company would have to reduce costs. "What we see is slow steady improvement, but not at the pace we want," he said. As a result, the group plans to cut 4,000 jobs or around 5 percent of its workforce, the Wall Street Journal reported from the call. This will result in pretax charges of up to USD 550 million. For the current quarter, Cisco forecast revenue growth to slow to 3-5 percent. Net profit for the three months to 27 July was USD 2.3 billion or USD 0.42 per share, up 18.4 percent from USD 1.9 billion or USD 0.36 per share a year earlier. Cash flow from operations increased to USD 4.0 billion from USD 3.1 billion, and the company finished the period with USD 50.6 billion in cash.
Multi-vehicle crash slows down traffic on I-40 WB
2013-08-02 22:22:50| Agriculture - Topix.net
Entergy is on the scene. They hope to have it repaired soon. A source says The Fire Department is reporting that no one has been injured in two overnight fires.
Windows 8 Adoption Slows In July
2013-08-01 16:43:00| TechWeb
Microsoft continues to face two dilemmas: Too many people are clinging to Windows XP, and too few are buying Windows 8, says research firm Net Applications.
Tags: july
windows
adoption
slows
Amkor sees lower 2Q profit as smartphone business slows
2013-07-30 05:08:52| Semiconductors - Topix.net
Amkor Technology Inc. had higher second-quarter revenue but lower profits driven by a slowdown in the smartphone market, the company announced today.
Tags: business
lower
profit
sees
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