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China Unicom warns for sharp fall in Q1 profit
2016-04-19 12:19:00| Telecompaper Headlines
(Telecompaper) China Unicom has warned of a sharp fall in profit on lower service revenue in the first quarter. Despite showing a recovery in the mobile market with net additions of 6.61 million subscribers, the company said mobile service revenue was down 1 percent year-on-year, at CNY 36.2 billion. Total revenue at the operator was CNY 60.8 billion, according to the preliminary report, an increase both year-on-year and versus Q4 2015. However, net profit fell by around 85 percent to CNY 480 million, mainly due to a 16 percent rise in selling and marketing expenses and a 37 percent increase in network, operation and support expenses.
Netflix shares fall on growth worries
2016-04-18 23:57:29| BBC News | Business | UK Edition
Netflix shares fall more than 9% in after-hours trading on Wall Street after the video streaming company predicts slower subscriber growth.
Tags: fall
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Deal Scrapheap Starts to Fill Up As Mega-Mergers Fall Apart an hour ago
2016-04-18 08:52:32| Railroads - Topix.net
The deal junkyard is getting crowded. Of the $3.2 trillion in deals announced in the past eight months, about nine percent -- worth $294 billion -- have already fallen apart, according to data compiled by Bloomberg.
Oil prices fall after producers fail to reach deal at Doha's meeting to freeze output
2016-04-18 01:00:00| Offshore Technology
There has been a fall in oil prices after major oil producers failed to reach an agreement to freeze output at a meeting in Doha on 17 April.
VIDEO: The fall and rise of vinyl records
2016-04-15 22:49:02| BBC News | Business | UK Edition
After years of decline, vinyl records are making a comeback with sales now at their highest for 26 years.
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