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U.S. New-Vehicle Sales Rise in 1st Half of 2013
2013-07-18 09:00:28| AutomotiveDigest.com - Automotive Industry News
J.D. Power Information Network (PIN) cites a spike in new vehicle sales for the first half of the year, with two prominent segments leading the way. Consumer Reports rates the Ram 1500 as the best big truck, but there are caveats as more trucks get tested and some Ram 1500s face a recall. Edmunds.com points to a leasing surge figured in to the rise in new-vehicle sales, and says leasing may not be the best option for consumers down the road.The Article U.S. New-Vehicle Sales Rise in 1st Half of 2013 appeared first on Automotive Digest.
VIDEO: Entrepreneurs on the rise in Egypt
2013-07-18 07:58:16| BBC News | Business | UK Edition
Despite the political turmoil and economic chaos in Egypt, a new generation of entrepreneurs is emerging.
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UPDATE 2-Select Comfort says advertising expenses to rise further
2013-07-18 05:27:01| Furniture - Topix.net
Specialty mattress maker Select Comfort Corp said advertising expenses would rise further in the second half of 2013, after reporting quarterly results that missed analysts' expectations due to a jump in marketing and research costs.
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TeliaSonera posts small rise in organic sales, profit lower
2013-07-17 08:59:00| Telecompaper Headlines
(Telecompaper) TeliaSonera reported a small drop in profits for the second quarter, but returned to organic revenue growth. Net sales in local currencies, excluding acquisitions and disposals, increased 0.4 percent, and EBITDA on an organic basis was up 3.3 percent. In reported currency, sales decreased 3.9 percent to SEK 25.274 billion, and EBITDA was down 1.2 percent to SEK 8.928 billion. The EBITDA margin improved to 35.3 percent from 34.4 a year ago thanks to cost reductions. Net income fell 16.9 percent to SEK 4.031 billion, while free cash flow rose to SEK 4.462 billion from SEK 3.062 billion. TeliaSonera reiterated its full-year outlook, for flat sales on an organic basis, an EBITDA margin slightly higher than last year's 34.5 percent and capex at 14 percent of sales. The latter is expected to accelerate in the second half of the year, after 11.9 percent in H1, and TeliaSonera said it will continue to invest in 4G and mobile coverage as well as target fibre acquisitions to meet strong demand in Sweden for the faster services. The effects of the cost savings programme announced at the end of last year will also be visible in the second half, with much of the job cuts already completed. In total the operator targets EUR 2 billion in cost reductions by the end of 2014.
Snap-on (SNA) Earnings Expected to Rise
2013-07-17 03:23:04| Appliances - Topix.net
Analysts expect higher profit for Snap-on when the company reports its second quarter results on Thursday, July 18, 2013.
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