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Mid-Morning Market Update: Markets Go Red, DeVry Rockets Upwards
2013-02-08 09:57:47| Auto Parts - Topix.net
Following the market opening Thursday, the Dow traded down 0.40 percent to 13,930.18 while the NASDAQ fell 0.23 percent to 3,161.18. The S&P also fell, decreasing 0.22 percent to 1,508.25. Top Headline Making headlines all over the street today was Greenlight Capital's David Einhorn, and his vehement defense of a proposal for Apple to issue ... (more)
Tags: red
market
update
markets
Vodafone service revenues down 2.2% on weak European markets
2013-02-07 08:49:00| Telecompaper Headlines
(Telecompaper) Vodafone Group reported revenues for its fiscal third quarter to December down 2.0 percent from a year earlier to GBP 11.39 billion, hurt by continued weakness in European markets. Service revenue fell 2.2 percent to GBP 10.37 billion and on an organic basis was down 2.6 percent. Among its main markets, organic service revenues fell 0.2 percent in Germany, 5.2 percent in the UK, 13.8 percent in Italy and 11.3 percent in Spain. CEO Vittorio Colao said the company continues to work on cost control to offset the "very difficult" market conditions in Europe. As part of its growth initiatives, Vodafone launched the new Vodafone Red pricing strategy in five markets and said early take-up has been positive with over 2 million subscribers. It's also accelerating the integration Cable & Wireless Worldwide to strengthen its enterprise business. Enterprise revenues were down 2.5 percent in the latest quarter, while data revenues continued to grow, up 12.8 percent to GBP 1.7 billion. Data now accounts for 16.2 percent of group service revenue, and in Europe, over a third of customers are now using smartphones. Vodafone's capex reached GBP 1.5 billion in the quarter, little changed from a year earlier, while free cash flow fell 18 percent to GBP 1.2 billion. The company maintained its full-year outlook for free cash flow at the low end of the GBP 5.3-5.8 billion range, while adjusted operating profit should come in the upper half of the forecast range of GBP 11.1-11.9 billion. Despite the weaker revenue performance in Q3, Vodafone said it still expects an improving trend in the group EBITDA margin this year.
Tags: service
european
markets
weak
Titanium Fabrication Advances and New Markets to Be Major Topics at TITANIUM EUROPE 2013
2013-02-07 06:00:00| Industrial Newsroom - All News for Today
Technological developments in fabrication of titanium can help increase use of metal, as well as offer quality improvements. In similar vein, materials specialists working to exploit and enhance titanium's unique metallurgical characteristics can expand its use in emerging markets. Two panels of titanium experts will discuss these industry-critical subjects at TITANIUM EUROPE 2013, hosted by International Titanium Association. Conference will take place March 5-7, 2013 in Hamburg, Germany. This story is related to the following:Trade Associations
Tags: major
europe
topics
markets
Global Markets Overview - 7 February 2013
2013-02-07 02:56:02| Logistics - Topix.net
Industrial Average declined 31 points, or 0.2%, to 13949 Wednesday afternoon, after sliding as many as 66 points in the opening minutes of trading.
Tags: february
global
overview
markets
Mexico: Hog Markets
2013-02-07 01:00:00| ThePigSite - Industry News
MEXICO - During 2012 the Mexican pig industry suffered primarily due to two main reasons: Feed cost and slaughter value, the same as the majority of the international markets, writes Dr Carlos Peralta of President Genesus Mexico.
Tags: mexico
markets
hog
markets mexico
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