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Recession Shifting Contractor Retirement Plans, Says FMI

2013-02-06 17:45:03| ENR.com: Headline News

Recession, poor planning affect the corner office.

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UPDATE 1-CN Rail plans C$1.9 bln in capital spending

2013-02-06 10:20:48| Railroads - Topix.net

Canadian National Railway Co , the country's largest rail operator, said on Tuesday it would invest C$1.9 billion in 2013, or slightly more than last year, to upgrade its rail system, improve service and expand business.

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Ratings firms take negative actions on Dell on buyout plans

2013-02-06 01:00:00| Total Telecom industry news

Fitch, Moody's lower ratings on PC maker; may take further action.

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Xcel Plans To Tap More Wind Power Feb. 5

2013-02-05 17:38:36| Energy - Topix.net

Xcel Energy plans to capitalize on what could be a buyer's market for wind energy this year.

Tags: feb power plans wind

 

KPN plans rights issue after weak Q4 results

2013-02-05 09:11:00| Telecompaper Headlines

(Telecompaper) KPN saw results deteriorate in the fourth quarter, mainly due to strong competition on the mobile market. Revenues fell 3.0 percent, or 2.4 percent on an underlying basis, to EUR 3.27 billion (including EUR 221 million in book gains). EBITDA fell 15 percent (underlying -16%) to EUR 1.12 billion, with the EBITDA margin losing almost 5 points to 34.2 percent. The operating result was EUR 129 million (-70%), and the net loss EUR 160 million (EUR 0.11 per share). The company's (reduced) targets for 2012 were reached as a whole, helped by asset sales. In the Netherlands, KPN said matters were stable; Germany meanwhile is heading towards a lower margin and lower sales growth. KPN said it will be forced to hold a rights issue of EUR 4 billion to strengthen the balance sheet. The operator has also formulated some new goals. For example, the Dutch broadband market share must be at least 40 percent and reach even 45 percent in the longer term. The mobile market share must be at least 40 percent. KPN has not excluded further job losses after 2013 as part of its efficiency measures.

Tags: rights results issue plans

 

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