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Russia cuts rates as rouble rallies

2015-04-30 14:00:05| BBC News | Business | UK Edition

The Russian central bank cuts interest rates by 1.5 percentage points, following a recovery in the rouble amid signals that inflation has peaked.

Tags: rates russia cuts rallies

 

Twitter cuts revenue forecast, shares slump

2015-04-29 01:06:18| IT Services - Topix.net

Twitter projected 2015 revenue of $2.17 billion to $2.27 billion, compared with its earlier forecast of $2.3 billion to $2.35 billion. Analysts on average had been expecting full-year revenue of $2.37 billion.

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Whirlpool cuts outlook after earnings fall short

2015-04-28 14:31:16| Appliances - Topix.net

Whirlpool Corp. reported a first-quarter profit that missed analysts' estimates and reduced its full-year outlook as adverse currency effects and weaker demand in Brazil cut into sales. The home appliance manufacturer said in February that it expected a higher profit this year as raw material costs fall and as the company begins to reap benefits from last year's acquisitions in Europe and Asia.

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UPM's profit beats view on cost cuts, FX gains

2015-04-28 10:11:03| Paper - Topix.net

Finnish paper maker UPM-Kymmene Oyj Tuesday posted better-than-expected net profit for the first quarter as cost-cutting measures and currency tailwinds helped it offset the negative impact of lower paper prices and delivery volumes. UPM's net profit for the three months ended March.

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Chesapeake councilman to present proffer cuts plan

2015-04-27 05:10:49| Paper - Topix.net

Schools could lose as much as $7 million if the City Council approves a proposal for across-the-board cuts in contributions from developers. Council member Robert Ike will present the plan Tuesday.

Tags: plan present cuts chesapeake

 

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