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Buffett sees $2 billion increase in profits
2014-08-02 06:11:25| Food - Topix.net
The company, a broad-based investment conglomerate that includes diverse names like Geico Auto Insurance, Burlington Northern Santa Fe Railway, Dairy Queen, Benjamin Moore, Fruit of the Loom, Heinz, and See's Candies, earned a profit of nearly $6.4 billion, up from $4.5 billion during the same period last year.
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Iliad $10 Billion T-Mobile Savings Bewilders Analysts: Real M&A
2014-08-02 02:34:38| IT Services - Topix.net
Iliad SA thinks it can pull off an acquisition of T-Mobile US Inc. for more than the French company itself is worth, while also cutting $10 billion of costs.
Chevron posts $5.67 billion profit, topping expectations
2014-08-02 01:21:15| Oil & Gas - Topix.net
Chevron powered to a profit of $5.67 billion for its second quarter, up 5.6 percent from the year before, beating analysts estimates, although production fell, the energy giant reported Friday.
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Coke's productivity program has cost almost $1 billion
2014-08-01 14:47:01| Beverages - Topix.net
Muhtar Kent: "The full impact of our enhanced marketing and productivity initiatives will clearly build over time," he told analysts July 22. The price tag of The Coca-Cola Co.
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Shaw reaches agreement to buy ViaWest for USD 1.2 billion
2014-08-01 08:39:00| Telecompaper Headlines
(Telecompaper) Canadian telecom and media company Shaw Communications has agreed to acquire US datacentre, cloud and managed IT services provider ViaWest for USD 1.2 billion from Oak Hill Capital and other shareholders. Denver-based ViaWest serves over 1,300 customers across seven states. It operates 27 data centres in eight Western US markets, including Dallas, Austin, Salt Lake City, Las Vegas, Phoenix and Portland. ViaWest's revenue and EBITDA have grown by 15 percent CAGR between 2010 and 2013, driven by long-term contracts and high customer retention. The acquisition is expected to close in September, subject to US regulatory approval.
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