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Pa. man faces charges after loaded gun falls from fanny pack at grocery store, injuring 2
2015-01-26 18:10:56| Grocery - Topix.net
Gerry Good, 58, of Gibsonia, Pa., was wearing a fanny pack at the local Giant Eagle when he leaned over inside the store and his gun dropped out and discharged, injuring two shoppers. Instead, two grocery store bystanders were injured and a third is facing charges after a loaded gun fell from a man's fanny pack and discharged.
Desmond Hague, Puppy-Kicking CEO, Faces Charges In Elevator Incident
2015-01-24 17:58:02| Food - Topix.net
Desmond Hague, 47, is facing two civil charges of causing an animal distress, U-T San Diego reports. Hague, the then-CEO of multibillion-dollar sports catering company Centerplate, was captured on surveillance footage in a Vancouver elevator kicking Sade, his friend's 1-year-old Doberman Pinscher, and violently dragging her around by her leash.
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Ford Joins Kimberly-Clark Taking Charges for Venezuela Currency
2015-01-24 06:26:46| Paper - Topix.net
Ford Motor Co. and Kimberly-Clark Corp. are both taking fourth-quarter charges because of difficulties exchanging U.S. dollars for Venezuelan bolivars.
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Verizon posts Q4 loss on pension charges, margin pressure
2015-01-22 17:06:00| Telecompaper Headlines
(Telecompaper) Verizon Communications reported fourth-quarter revenues of USD 33.2 billion, up 6.8 percent year-over-year. The US operator posted a net loss of USD 0.54 per share, versus a profit of USD 1.76 a year earlier, due to a number of one-time charges for retirement benefits and financing costs. Excluding these items, EPS rose 7.6 percent year-on-year to USD 0.71. Over the full year, revenues increased 5.4 percent to USD 127.1 billion, helped by new revenues streams from the Internet of Things and telematics, which grew 45 percent to USD 585 million. Free cash flow totalled USD 13.4 billion, after capital expenditures increased 3.5 percent to USD 17.2 billion. For 2015, Verizon targets revenue growth of at least 4 percent and an adjusted EBITDA margin in line with the full-year 2014 performance. Capital spending is projected to increase slightly to USD 17.5-18.0 billion.
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AT&T to take USD 10 bln in charges in Q4
2015-01-19 09:01:00| Telecompaper Headlines
(Telecompaper) AT&T announced that it will record a one-time, non-cash charge of around USD 7.9 billion before tax for the fourth quarter of 2014. The charge is due to actuarial gains and losses on pension and post-employment benefit plans. At year-end, the company decreased its assumed discount rates used to measure its pension obligation to 4.3 percent and to 4.2 percent for the post-retirement obligation. These reductions resulted in an actuarial loss of approximately USD 7.9 billion. Also contributing to the amount were losses due to updated mortality assumptions offset by asset gains in excess of the assumed rate of return as well as demographic changes and other assumptions. The Q4 operating results will also include a USD 2.1 billion non-cash charge for the abandonment in place of certain network assets. During the quarter, an analysis of network assets determined that specific copper assets will not be necessary to support future network activity, due to declining customer demand for legacy voice and data products and the migration to next-generation technology.
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