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UPDATE 2-Telecom Italia cuts profit target as price war bites
2013-08-03 08:54:33| Telecom - Topix.net
Telecom Italia warned profit will fall faster than it had previously thought this year, as a price war for mobile phone services and the deep economic recession in Italy bite.
Eaton 2Q profit rises, but cuts outlook for year
2013-08-02 18:17:52| Industrial Machines - Topix.net
Diversified manufacturer Eaton Corp. said Friday that its second-quarter net income jumped 29 percent, boosted by contributions from its acquisition of Cooper Industries.
Leaked Climate Change Authority report calls on Australia to triple 2020 carbon emissions cuts target
2013-08-02 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
ABC: One of the Government's key advisory bodies on climate change says Australia should triple its 2020 target for cutting carbon emissions. A leaked report to the Government from the independent Climate Change Authority says Australia should aim to cut emissions by 15 per cent of 2000 levels by 2020. That is up from the 5 per cent figure agreed to as a target by both sides of politics. The report says the cuts should ramp up to 40 per cent cut by 2030, and 90 per cent by 2050. The Gillard government...
Tags: report
change
australia
target
Telecom Italia cuts outlook, to go ahead with fixed spin-off
2013-08-02 09:22:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported a net loss for the first half of 2013 after writing down the value of its domestic operations. It also cut its outlook for EBITDA this year forecasting a steeper decline due to weakness in its home market. The net loss totaled EUR 1.407 billion, versus a profit of EUR 1.242 billion a year ago. Revenues fell 7 percent year-on-year to EUR 13.760 billion, with a 10.4 percent fall in Italy and negative currency effects on its operations in South America. EBITDA was down 10.6 percent to EUR 5.236 billion, and Telecom Italia said it now expects a "mid single-digit" decline for the full year, versus its previous outlook of a low single-digit drop. Adjusted net debt totaled EUR 28.813 billion at the end of June, little changed from three months earlier. The company still expects debt of less than EUR 27 billion by year-end and also reiterated its target for stable revenues over the full year. Telecom Italia said it has also decided to go ahead with the proposed spin-off of its fixed network into a separate company.
Tags: fixed
italia
ahead
outlook
Meat Market Update | Weaker Primal Cuts Contribute To Drop In Choice Cutout
2013-08-01 16:05:00| Beef
LimelightPlayerUtil.initEmbed("limelight_player_437465"); Ed Czerwien, USDA Market News reporter in Amarillo, TX, offers a concise summary of how last week's beef trade impacted the cattle market and beef prices. read more
Tags: market
update
choice
drop
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