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Siemens net profit up 40 percent, outlook cautious
2014-11-06 11:21:19| Industrial Machines - Topix.net
Joe Kaeser, President and CEO of Siemens, addresses the media during the company's annual press conference in Berlin, Germany, Thursday, Nov. 6, 2014. Photo: Michael Sohn, AP Joe Kaeser, President and CEO of Siemens, addresses the media during the company's annual press conference in Berlin, Germany, Thursday, Nov. 6, 2014.
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Siemens net profit up 40 percent, outlook cautious
2014-11-06 10:16:11| Telecom - Topix.net
Industrial equipment maker Siemens AG says net profit rose 40 percent in the fourth quarter but issued a cautious outlook for the coming year, saying global tensions would affect its business and predicting flat revenue. Siemens also said Thursday it was selling its hearing-aid business to the investment company EQT and Germany's Struengmann family of entrepreneurs for 2.15 billion euros.
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siemens
Council considers 1 percent property tax hike
2014-11-06 01:07:31| Waste Management - Topix.net
Each autumn, the Liberty Lake City Council begins the obligatory task of approving a budget for the upcoming year. Before applying its stamp of endorsement, the governing board must also determine how the property tax rate will affect the final numbers.
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UPDATE 1-Brazil's Gerdau's profit plunges 59 percent in third quarter
2014-11-05 19:51:08| Steel - Topix.net
Brazilian steelmaker Gerdau SA posted a 59 percent fall in third-quarter profit compared to last year, as weak steel demand in Brazil weighed on margins. Gerdau, the largest long steel producer in the Americas, reported net income of 262 million reais , which was slightly ahead of analyst forecasts, despite the big drop from last year.
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Toyota Raises FY Profit Forecast By 9 Percent On Weak Yen
2014-11-05 12:13:15| Automakers - Topix.net
Toyota Motor Corp raised its full-year operating profit forecast by 9.1 percent on Wednesday as a sharp decline in the yen against increases the value of repatriated earnings and makes up for lower vehicle sales. The world's biggest automaker now expects operating profit of 2.50 trillion yen for the business year ending March 31, rather than the previously forecast 2.30 trillion yen, thanks partly to a 135 billion yen contribution from foreign exchange gains.
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