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Daimler Lowers Profit Forecast After First-Quarter Drop

2013-04-24 17:34:53| Automakers - Topix.net

Daimler AG , the world's third- largest maker of luxury vehicles, cut its 2013 profit forecast after first-quarter earnings tumbled more than analysts expected, burdened by weaker Mercedes-Benz sales in China.

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US: Target lowers guidance on soft sales trends

2013-04-17 13:34:00| Daily apparel & textile news and comment - from just-style.com

Retail giant Target Corporation has lowered its first quarter sales and earnings guidance, blaming softer than expected trends in seasonal and weather-sensitive categories.

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Jefferies Lowers PT on United States Steel Corporation on Reduced 2013 Steel Estimates

2013-04-16 18:20:37| Steel - Topix.net

In a report published Tuesday, Jefferies analyst Luke Folta reiterated a Hold rating on United States Steel Corporation , but lowered the price target from $24.00 to $18.00. In the report, Folta noted, "We have reduced EPS estimates for the majority of our steel coverage based on underwhelming pricing/demand trends that suggest 2Q13 results will ... (more)

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IMF lowers UK growth forecast again

2013-04-16 15:46:42| BBC News | Business | UK Edition

The International Monetary Fund's twice-yearly look at the world economy lowers its growth forecasts for most developed economies, including the UK.

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ACM lowers fixed, mobile termination rates

2013-04-16 09:06:00| Telecompaper Headlines

(Telecompaper) The Dutch Consumer & Market Authority (ACM) has set the rates for fixed and mobile calls. The rate that operators may charge for delivering calls to a mobile network will drop to 1.017 eurocents from 2.4 per minute. For calls to fixed lines, termination rates will decrease to 0.108 cents from 0.37 per minute. All rates exclude VAT. The rate changes will go into effect from 1 September 2013 and be valid for an initial three years. The market decision will be under consultation until 27 May; it will then go to the European Commission for notification. The maximum rate is, in line with European rules, based on the pure BULRIC cost methodology, which the Commission feels best reflects underlying service costs. The continued reduction in call termination rates will lead to a fall in revenue for fixed and mobile operators.

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