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CSX predicts flat earnings year

2013-07-21 11:45:29| Railroads - Topix.net

CSX officials say investors shouldn't expect much earnings growth this year, even though the railroad beat expectations in the second quarter and coal demand appears to be stabilizing.

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Mondelez buy could fizz Pepsi's flat soda sales, says investor

2013-07-19 21:28:58| Beverages - Topix.net

PepsiCo should acquire Mondelez and split its beverage and snacks businesses, according to an investor with a large stake in both firms.

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Ericsson reports profit jump despite flat sales, disappointing nonetheless

2013-07-19 11:34:32| Semiconductors - Topix.net

Profits rose 26 percent in the second quarter from the figure a year ago to 1.516 billion kronor .

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Ericsson Q2 sales flat, profits improve

2013-07-18 08:43:00| Telecompaper Headlines

(Telecompaper) Ericsson reported second-quarter sales flat due to negative currency effects, while profits improved thanks to cost reductions. Revenues were unchanged year-on-year at SEK 55.3 billion, but grew 7 percent if forex effects are excluded. Operating profit rose to SEK 2.5 billion from SEK 2.1 billion a year ago, helping the margin improve to 4.5 percent from 2.8. Ericsson said it was starting to see a small shift in the market away from the lower-margin coverage projects towards capacity orders. Its strategy to gain market share in Europe through network upgrade projects was also starting to pay off in new business, in capacity and LTE projects. Elsewhere the market was weaker in East Asia in the quarter, while LTE orders in Russia and China were starting to come in and mobile broadband demand remained strong in the Americas. Net profit finished up at SEK 1.5 billion versus SEK 1.2 billion a year earlier. The result included SEK 0.9 billion in losses from divestments such as Applied Communication Sciences and exiting the telecom and power cable operations. Operating cash flow improved to SEK 4.3 billion from a negative SEK 1.4 billion a year ago.

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CSX predicts relatively flat earnings this year

2013-07-18 02:02:22| Railroads - Topix.net

This July 15, 2013, photo shows a CSX logo on a train car in Nashville, Tenn. CSX Corp. said Tuesday, July 16, 2013, that rate increases and a small improvement in the volume of products the railroad hauled helped it deliver 4 percent profit growth even though coal shipments remained down.

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