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Tag: cuts
Genesco cuts full-year profit outlook
2015-12-04 15:50:15| Footwear - Topix.net
The footwear and cap retailer said Friday that initiatives to reduce inventory at Lids through promotions and discounts hurt gross margins and led to lower profit guidance. Genesco now forecasts full-year adjusted earnings per share to be between $4.50 and $4.60, compared with its previous guidance of $4.70 to $4.80.
Tags: profit
outlook
cuts
genesco
Saudi Arabia throws down challenge on oil production cuts
2015-12-03 15:54:00| Climate Ark Climate Change & Global Warming Newsfeed
Financial Times: Saudi Arabia has thrown down a challenge to big rival oil producers ahead of this week's Opec meeting, saying it would back output cuts as long as they were supported by countries both inside and outside the cartel. The kingdom, the Organisation of Petroleum Exporting Countries' (OPEC's) de facto leader, has set a high bar for a deal that is unlikely to be met by the time of Friday's meeting in Vienna, but it leaves open the possibility of an agreement in 2016. The move indicates a further...
Tags: production
oil
challenge
arabia
Oil prices rise after report on Saudi Arabia's proposal on production cuts
2015-12-03 01:00:00| Offshore Technology
Oil prices have increased following news of Saudi Arabia's reported proposal to cut output to balance the market in 2016.
Tags: report
prices
production
oil
Paris climate summit: could the International Solar Alliance prompt a U-turn on UK solar cuts?
2015-12-03 01:00:00| Power Technology
Indian Prime Minister Narendra Modi and French President Francois Hollande jointly launched the International Solar Alliance on Monday at the COP21 climate summit. David Cameron has expressed his support for the alliance, but UK solar policies tell a
Tags: international
uk
paris
alliance
Lockheed Cuts F-35 Part Cost by 30 Percent with 5ME Cryogenic Machining System
2015-12-02 11:31:10| Industrial Newsroom - All News for Today
Leading aerospace OEM acquires an Okuma horizontal machining center with patented cryogenic machining system and increases cutting speeds by 52 percent with improved surface integrity and part quality, estimates a 30 percent cost reduction for large titanium airframe components. Lockheed Martin has acquired an...
Tags: part
system
cost
percent
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