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Oroton cuts earnings forecast
2015-05-22 06:22:21| Apparel - Topix.net
Mid-tier luxury handbag and accessories maker Oroton Group has downgraded earnings expectations for the second time this year, as the group's strategy to get consumers to pay full price for its products cost more than anticipated, and slower sales at its Gap and Brooks Brothers ventures hurt profitability. After trading through the third quarter, including the key trading month of April which resulted in an unexpected reduced group earnings before interest and tax compared to prior comparable period of just over $2 million, Oroton now no longer expects earnings before interest and tax growth in the second half of fiscal 2015.
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Top EU companies urge drastic cuts in greenhouse gas emissions
2015-05-21 17:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Top European companies urged governments on Thursday to set a goal of slashing greenhouse gas emissions to net zero well before 2100, saying that going green can bring profits rather than costs. Business leaders from global and European alliances of companies including Unilever, Total and Saint-Gobain also called for a global price on carbon emissions and a phase-out of fossil fuel subsidies. "We want a global climate deal that achieves net zero emissions - make it happen," they said in a statement...
Volkswagens autonomous braking system cuts 3rd party injury claims by 45% in UK
2015-05-21 13:55:36| Green Car Congress
California water cuts move those with century-old rights
2015-05-21 09:52:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: California farmers who hold rights to water that date as far back as the Gold Rush are bracing for their first state-ordered conservation in decades, as a record drought prompts some of the deepest cuts yet in the country's most productive agricultural state. After telling cities and towns to slash use by 25 percent and curtailing water deliveries to some farmers and others, state officials said Wednesday they would start mandatory cuts this week to the state's oldest rights holders, historically...
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Wynne says Canadas future prosperity depends emissions cuts
2015-05-19 22:46:00| Climate Ark Climate Change & Global Warming Newsfeed
Globe and Mail: With the greenest speech a Canadian politician has delivered in Washington in at least a decade, Ontario Premier Kathleen Wynne sought Tuesday to recast the bilateral conversation as something other than wrangling over Keystone XL. "You may be conditioned to expect a Canadian politician to come to Washington and talk mostly about the Keystone Pipeline," she said, referring to the contentious plan to funnel Alberta oil sands oil across the United States to Gulf Coast refineries. For years, Prime...
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