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TNT Express to Raise Profitability on Cost Cuts, IT Spending

2015-02-17 10:29:21| Air Courier - Topix.net

Dutch logistics company TNT Express NV said profitability in its international business will climb to as much as 10 percent of sales as it cuts costs and upgrades its information-technology systems. Earnings before interest and taxes in the company's international operations will amount to between 8 percent and 10 percent of sales by 2019, while the domestic units will earn a margin of 4 percent to 5 percent, the company today said.

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Cuomo pushes more tax cuts for adult beverage industry

2015-02-15 04:30:39| Beverages - Topix.net

While many people are worried about the tax burden imposed on individuals and businesses by New York State, the adult beverage world is feeling a bit of relaxation. Governor Andrew M. Cuomo's proposed 2015-16 Executive Budget contains expansions of tax exemptions that, if passed, will further the rapid growth of the spirits, beer, wine and cider segments.

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ConAgra Foods names new CEO; cuts outlook for 2015

2015-02-14 19:42:22| Food - Topix.net

The man accused of shooting and killing three people near the University of North Carolina in Chapel Hill was studying to be a paralegal and had multiple run... -- For the first time since Farea al-Muslimi can remember, there was absolutely no traffic Friday on the road to Sana'a, Yemen's capital." No one wa... ST.

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Campbell Soup cuts guidance

2015-02-13 02:01:23| Food - Topix.net

Campbell Soup Co. lowered its outlook for the year ending in August based on its expectation that results in the final three quarters would be weaker than expected, partly due to foreign-currency translation.

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Kellogg cuts sales forecast as cereal continues decline

2015-02-12 18:42:09| Food - Topix.net

Kellogg said Thursday that its cereal unit suffered another quarterly sales decline, and the company cut its long-term revenue forecast. The maker of Frosted Flakes, Pop Tarts and Special K said it now expects core revenue to rise between 1 to 3 percent over the long-term, down from the previous forecast of 3 to 4 percent.

Tags: sales continues decline cuts

 

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