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1.2 million subscribers for PLDT's Cignal pay TV

2016-01-07 07:30:31| Digital TV News

Cignal, the pay TV service from the Philippine Long Distance Telephone Company (PLDT) has announced that it started 2016 with 1.18 million subscribers the first and only pay TV provider in the Philippines to pass the one-million mark.

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The Wall Street Journal: United Tech expects Pratt & Whitney Canada to post $870 million charge

2016-01-06 21:50:55| Industrial Machines - Topix.net

United Technologies Corp. said it expects its Pratt & Whitney Canada business to post a pretax charge of roughly $870 million for the fourth quarter, tied to changes in royalty agreements with the Canadian government. The company will make four annual payments starting this month in an accord to end paying royalties based on future engine deliveries and sales to Canadian federal and provincial government agencies, according to a regulatory filing.

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Hooker Furniture to acquire Home Meridian International for $100 million

2016-01-06 21:41:19| Furniture - Topix.net

Martinsville-based Hooker Furniture Corp. plans to acquire the business of North Carolina-based Home Meridian International for $100 million. The deal, the largest in Hooker's 91-year history, is expected to more than double the size of the company and make it one of the nation's top five furniture companies.

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Raytheon Awarded $255 Million for DDG 1002

2016-01-06 09:32:21| IT Services - Topix.net

Raytheon Company has been awarded a $255,281,689 fixed-price-incentive firm target modification to a previously awarded contract to procure mission system equipment for the future USS Lyndon B. Johnson . This contract modification includes options which, if exercised, would bring the cumulative value of this award to $349,243,022.

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Huawei shipped 108 million smartphones globally in 2015, up 44 percent year-on-year

2016-01-06 07:26:35| Semiconductors - Topix.net

Huawei Technologies Co Ltd [HWT.UL], the world's top three smartphone vendor, said on Wednesday its smartphone shipments rose 44 percent annually to 108 million in 2015, thanks to strong sales in China and Western Europe. The Shenzhen-based company also said revenue for its consumer business group, which sells products such as smartphones and tablets, jumped 70 percent year-on-year to $20 billion in 2015.

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