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CACI seeks dismissal of Abu Ghraib lawsuit in Va.

2013-03-08 11:12:10| IT Services - Topix.net

Military contractor CACI International Inc. is asking a federal judge to toss out a nearly 5-year-old lawsuit filed by four Iraqis who say they suffered abusive and degrading treatment at the notorious Abu Ghraib prison.

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Pandora Q4 results better than expected, seeks new CEO

2013-03-08 08:33:00| Telecompaper Headlines

(Telecompaper) Internet radio service Pandora reported revenues for its fiscal fourth quarter to January up 54 percent from a year earlier to USD 125.1 million. Advertising revenue rose 51 percent to USD 109.0 million, and subscription and other revenue increased 74 percent to USD 16.1 million. The net loss widened to USD 0.09 per share from USD 0.05 per share a year earlier, while the adjusted result came in better than expected, at a loss of USD 0.04 per share. Operating cash flow improved to USD 8.4 million, and Pandora finished the period with USD 89.0 million in cash. Alongside the results Pandora announced that CEO Joseph Kennedy is stepping down after almost ten years with the company. He will continue in his role until a successor is found. Pandora forecast Q1 revenue of USD 120-125 million and an adjusted loss per share of 10-13 cents. For fiscal 2014, revenues is expected to grow to USD 600-620 million from USD 427.1 million last year. The adjusted net result is forecast between a profit of 5 cents a share and a loss of 5 cents a share, versus a loss of USD 0.08 per share last year.

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CANADA: Sapporo seeks buyer to save brewery jobs

2013-03-07 14:45:00| Daily beverage news and comment - from just-drinks.com

Sapporo International is to close one of its Canadian breweries if it fails to find a buyer for the plant before July.

Tags: save jobs canada buyer

 

West Marine seeks applicants for $30,000 in marine conservation grants

2013-03-07 00:03:23| Mobile Homes - Topix.net

In support of its ongoing efforts to improve and conserve the marine environment, West Marine is seeking applications for Marine Conservation Grants.

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Verizon seeks to buy Voda's Verizon Wireless stake - report

2013-03-06 09:44:00| Telecompaper Headlines

(Telecompaper) Verizon Communication is eager to buy out Vodafone's 45 percent stake in their US mobile joint venture Verizon Wireless this year, writes Bloomberg, citing people familiar with the situation. The two companies have discussed various options, including a full merger or Verizon taking full control of Vodafone's stake, estimated by analysts to be worth USD 115 billion. Two people familiar with the talks said negotiations as recent as December about a full merger broke down over disagreements on headquarter locations and leadership. This makes a partial sale or buyout of Vodafone's Verizon Wireless stake a more likely option. Talks on either a merger or stake sale are expected to restart this year, according to three of the people.

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