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Cadillac boosts performance of ELR plug-in hybrid for MY2016, cuts MSRP by $9K; $58,495 net after Fed credits

2015-04-15 19:55:33| Green Car Congress

Tags: net performance credits fed

 

CSX cuts forecast for the year after slower-than-expected 1Q

2015-04-15 17:56:53| Railroads - Topix.net

CSX now says that the railroad won't deliver the double-digit profit growth it promised this year because coal demand remains weak. Executives remain optimistic about the railroad's prospects because service is improving, but they said Wednesday, a day after posting first-quarter earnings, that mid-to-high single-digit profit growth is likely in 2015.

Tags: year cuts forecast csx

 
 

China cotton imports to rise as Xinjiang cuts production

2015-04-15 13:05:46| Daily apparel & textile news and comment - from just-style.com

A China-based cotton expert has predicted that Chinese clothing and textile producers will be forced to import more cotton after the government of Xinjiang province decided to reduce its total cotton farming area in 2015.

Tags: china production rise cotton

 

Intel cuts FY outlook to flat sales

2015-04-15 08:15:00| Telecompaper Headlines

(Telecompaper) Intel reported first-quarter revenue of USD 12.8 billion, unchanged from the year-earlier period and down 13 percent from the previous quarter. The result was in line with its earlier forecast cut, which it blamed on a weak business market for desktop PCs and supply chain shortages in the PC industry. The slower demand for PCs offset double-digit revenue growth in the company's data centre, IoT and memory businesses. Quarterly operating profit was still up 4 percent year-on-year to USD 2.6 billion, and net profit rose to USD 2.0 billion or 41 cents a share from USD 1.9 billion or 38 cents a share a year ago. Intel expects a seasonal recovery in revenues in the second quarter to around USD 13.2 billion. The gross margin should also improve around 1.5 percent points from Q1 to 62 percent. Over the full year, the company lowered its outlook to flat revenues and a gross margin of 61 percent. 

Tags: sales flat intel outlook

 

Big business tax cuts plan shelved

2015-04-15 07:37:33| BBC News | Business | UK Edition

The Australian government has reneged on a promise to cut company tax for big businesses, Prime Minister Tony Abbott reveals.

Tags: business plan big tax

 

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