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Apple cuts prices on Macs, takes a jab at PCs
2013-10-22 23:22:18| InfoWorld: Top News
Apple on Tuesday introduced new versions of the MacBook Pro laptops and cut prices, but not before taking a jab at PC makers. The company's MacBook Pro with Retina Display and 13-inch screen starts at $1,299, which is $200 cheaper than the previous model. The 15-inch model will start at $1,999, while the previous-generation laptop was $2,199. The laptops are available now.
Tele2 cuts outlook as mobile growth proves more difficult
2013-10-22 08:56:00| Telecompaper Headlines
(Telecompaper) Tele2 has cut its long-term outlook, citing an acceleration in market trends towards unlimited pricing and IP data services in the past six months. The company said these trends are positive in the long term, but will lead to higher costs and increased price pressure in the near term, leading to a downgrade in its targets for the period to 2015. The operator now targets revenue of SEK 32.5-33.5 billion in 2015, versus an earlier goal of at least SEK 35.6 billion, and cut the EBITDA forecast to SEK 6.7-7.3 billion from at least SEK 8.3 billion previously. As a result of the sale of Tele2 Russia and reduced guidance, the dividend for this year will fall to SEK 4.40 from SEK 7.10 in 2012. Tele2 said it will maintain its 'challenger' strategy and focus on the growth markets of Sweden, the Netherlands, Norway and Kazakhstan. In the third quarter, Tele2 showed solid customer growth in the Swedish and Dutch mobile markets, but Kazakhstan moved to negative growth on a change in dealer commissions to improve profitability. Total revenues in Q3 were down 2 percent from a year earlier to SEK 7.529 billion, hurt by the slowdown in mobile, increased competition in fixed broadband and a continued loss of fixed telephony subscribers. EBITDA fell 14 percent to SEK 1.523 billion. The net result was a loss of SEK 194 million versus a profit of SEK 283 million a year ago, due to an increase in tax and an impairment charge of SEK 454 million on the Croatian operations. Capex increased to SEK 954 million on mobile network expansion in key markets, and cash flow was less than a third the year-earlier amount, at SEK 495 million.
Tags: mobile
difficult
growth
outlook
Analysis: Emerging markets to step up as China cuts coal habit
2013-10-22 06:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Global thermal coal demand will shift away from China in coming years as it switches to cleaner energy, but emerging markets in the region will step in to grab some of that flow as they continue their race to industrialize. During the last decade global coal demand has largely been driven by a booming China, but in a move to curb pollution, the government is keen to switch to cleaner fuels to generate electricity, such as natural gas, nuclear and renewables. Even if China cuts back its coal...
Tags: china
analysis
step
markets
Fairfax County (Va.) district is looking at sizable cuts to close budget deficit
2013-10-21 19:02:00| American School & University
System faces a projected $140 million shortfall Schoolhouse Beat read more
Tags: close
county
district
budget
CHK Continues Employee Cuts
2013-10-20 03:18:51| Oil & Gas - Topix.net
Chesapeake Energy just opened its office at Fox Commerce Park earlier this year, but the Ohio Valley's largest active natural gas driller is cutting hundreds of workers throughout the country.
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