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Delta posts $980 million 4Q profit on lower fuel prices
2016-01-19 15:13:30| Airlines - Topix.net
Cheaper jet fuel thanks to falling oil prices helped Delta Air Lines earn $980 million in the fourth quarter despite lower revenue than a year ago. Delta officials said demand for travel remained solid, but they forecast another decline in a key revenue measure through the first three months of 2016.
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Delta posts $980 million 4Q profit on lower fuel prices
2016-01-19 15:13:29| Airlines - Topix.net
In this May 15, 2014, file photo, a Delta Air Lines Boeing 757-232 lands at Tampa International Airport in Tampa, Fla. Delta reports quarterly financial results on Tuesday, Jan. 19, 2016.
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Stora Enso to record NRI with negative net impact of Euro 250 million ...
2016-01-19 11:06:00| Paper - Topix.net
Stora Enso to record NRI with negative net impact of Euro 250 million on operating profit in its 4Q 2015 results Stora Enso will record non-recurring items with a negative net impact of approximately EUR 250 million on operating profit and a positive impact of approximately EUR 59 million on income tax in its fourth quarter 2015 results. The NRI will decrease earnings per share by EUR 0.23.
Bunnings to roll out in UK: Wesfarmers buys Homebase for $752 million
2016-01-18 06:05:42| Agriculture - Topix.net
Wesfarmers will spend over a billion dollars rolling out the Bunnings hardware brand to the United Kingdom and Ireland within five years, following the NZ$752 million acquisition of home improvement chain Homebase. The Coles owner confirmed on Monday that Homebase's parent company, Home Retail Group, had approved its bid for the chain, which is the second largest in its market.
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14:48 TeliaSonera to take $844 million Uzbekistan, Denmark charges
2016-01-16 12:48:46| Telecom - Topix.net
TeliaSonera AB wrote down the value of its Uzbekistan operations by 5.3 billion kronor as the Swedish company prepares to pull out of the country that is the center of several legal probes over alleged bribery tied to phone licenses, reports Bloomberg. The accounting method for the Eurasian business will be changed to one based on estimated sales proceeds rather than on discounted cash flow, the company said Thursday in a statement.
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