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PG&E shares plunge as investors ponder new criminal charges over San Bruno explosion

2014-08-01 10:36:14| Energy - Topix.net

PG&E shares plunged on Thursday, amid a slump in profits that were weakened by expenses related to improvements to its natural gas system, under scrutiny following a fatal explosion in San Bruno nearly four years ago.

Tags: san charges criminal shares

 

GERMANY: Adidas shares plunge as FY outlook cut

2014-07-31 11:42:00| Daily apparel & textile news and comment - from just-style.com

Adidas shares plunged this morning (31 July) after the German sporting giant cut its earnings forecast and announced plans to close stores in Russia and restructure its TaylorMade golf unit.

Tags: germany cut shares outlook

 
 

Vatican bank sees profits plunge

2014-07-08 14:45:11| BBC News | Business | UK Edition

The Vatican bank has seen its 2013 profit almost wiped out largely due to a clean-up process which has seen it end relationships with 3,000 customers.

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GM auto dealers sue GM Canada as sales plunge

2014-06-30 22:21:35| Auto Dealers - Topix.net

Pickup trucks sit at a GM dealer. A group of 17 Toronto-area GM dealers is suing GM Canada, saying it didn't help them out despite getting a bailout from taxpayers.

Tags: auto canada sales sue

 

Price cut pressure mounts on UK energy firms as market costs plunge

2014-06-10 10:12:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Britain's big energy suppliers are coming under mounting pressure from consumer groups and politicians to cut household power and gas bills after a sharp drop in wholesale costs boosted the firms' profit margins. The country's "big six" energy providers, which supply 96 percent of UK households, also faced calls from industry regulator Ofgem on Tuesday to explain why consumer energy prices had not been cut to reflect the falling wholesale market. Around half of the average British household energy...

Tags: price market costs energy

 

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