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U.S., China Set New Goals for CO2 Emissions Cuts
2014-11-12 18:09:39| ENR.com: Headline News
U.S. part of the plan faces fierce opposition from congressional Republicans, who gained more clout in Nov. 4 elections.
Macy's cuts outlook despite Q3 profit boost
2014-11-12 16:00:00| Daily apparel & textile news and comment - from just-style.com
Department store retailer Macy's has lowered its full-year earnings and sales guidance despite booking a double-digit increase in third-quarter net profit.
Tags: profit
outlook
cuts
boost
GM Cuts Staff, Output at Michigan Car Plants
2014-11-12 11:00:06| Auto Dealers - Topix.net
General Motors Co. said on Tuesday it would reduce production and lay off 510 workers at two Michigan assembly plants to trim inventories of slower-selling vehicles even as auto sales generally remain red hot.
Tags: car
staff
output
michigan
Beam Suntory starts bottling Jim Beam in India, cuts price
2014-11-11 12:24:00| Daily beverage news and comment - from just-drinks.com
Beam Suntory has begun bottling its flagship Bourbon, Jim Beam, in India as its steps up its focus on the key market.
Vodacom profits hurt by MTR cuts in South Africa
2014-11-10 08:56:00| Telecompaper Headlines
(Telecompaper) Vodacom Group reported a 2.3 percent increase in its revenue for the six months to September to ZAR 37.54 billion. Sales were buoyed by equipment revenue, which contributed 17.1 percent of group revenue compared to 16.7 percent a year ago. Active customers grew by 13.3 percent year-on-year to 61 million at 30 September. Headline EPS declined 5.5 percent to ZAR 4.15, mainly the result of termination rate cuts in South Africa, as well as increased depreciation as a result of accelerated capital investments. EBITDA declined 1.7 percent to ZAR 12.99 billion, and the EBITDA margin contracted 1.4 percent points to 34.6 percent. Capital expenditure rose 21.3 percent from a year ago to ZAR 5.88 billion. The company said it expects conditions to remain challenging in the short-term, particularly in South Africa where the continued impact of lower mobile termination rates, constrained consumer spend, and intense competitive pressure are all factors. In the international markets, particularly Tanzania and the DRC, continued pricing pressure is also likely to have an impact. However, Vodacom said positive trends in the adoption of smart devices and data usage will help to offset this, as will the ongoing focus on reducing operating expenditure.
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