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UK jobless total falls to 2.49m

2013-10-16 12:28:05| BBC News | Business | UK Edition

The number of unemployed in the UK fell by 18,000 in the June-August period to 2.49 million, official figures show.

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Yahoo! profits still lower as revenue falls 5%

2013-10-16 08:59:00| Telecompaper Headlines

(Telecompaper) Yahoo! reported third-quarter net profit down 89 percent to USD 0.28 per share, after booking a gain the year-earlier period on the sale of Alibaba shares. Excluding the one-time items, profit fell 24 percent to USD 358 million. Revenue declined 5 percent to USD 1.1399 billion and was down 1 percent to USD 1.081 billion when excluding traffic acquisition costs. Display revenue fell 7 percent to USD 470 million due to pressure on ad prices, and search revenue was down 8 percent to USD 435 million on a lower price per click. Yahoo's adjusted EBITDA fell 19 percent to USD 331 million, and operating profit was down 39 percent to USD 93 million. CEO Marissa Mayer said she was still pleased with the company's execution, as it continues to invest in improving products and and made eight acquisitions during the quarter. The site's user base has grown 20 percent in the past 15 months to over 800 million monthly users, she said. After spending USD 1.7 billion share repurchases in the quarter, Yahoo had USD 3.2 billion in cash remaining at the end of September.

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Ethan Allen falls on disappointing 1Q forecasts

2013-10-11 20:37:07| Furniture - Topix.net

Ethan Allen's shares fell Friday as the home furnishings company said that its fiscal first-quarter earnings and revenue are likely to come in below Wall Street's view.

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Construction output falls in August

2013-10-11 11:39:53| BBC News | Business | UK Edition

Output in the construction industry fell slightly in August, although house-building was up, according to the Office for National Statistics.

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Astaldi wins $962m contract for Muskrat Falls hydroelectric plant in Canada

2013-10-11 01:00:00| Power Technology

Astaldi Canada, a subsidiary of Italian firm Astaldi, has won a contract to carry out major civil works for the 824MW Muskrat Falls hydroelectric generating facility project in Canada.

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