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U.S. Index futures slide as Whole foods, Kraft fall on earnings
2014-07-31 16:33:11| Grocery - Topix.net
U.S. stock-index futures declined, signaling the Standard & Poor's Index will trim its monthly gain, amid earnings at companies from Whole Foods Market Inc. to Northfield-based Kraft Foods Group Inc., while Argentina missed a debt payment.
FedEx Founder Highlights Economic Club Fall Slate
2014-07-31 13:04:57| Air Courier - Topix.net
FedEx founder Fred Smith will make a rare public speaking appearance in Memphis Nov. 6, as part of the fall 2014 lineup of speakers planned for the Economic Club of Memphis.
Tags: club
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NZ shares fall led by Telecom
2014-07-30 10:23:49| Food - Topix.net
New Zealand shares fell for a third day led lower by Telecom Corp after an analyst's report this week downgraded the stock to a 'sell'.
KPN maintains outlook as Q2 sales fall 7.1%
2014-07-30 08:51:00| Telecompaper Headlines
(Telecompaper) KPN reported second-quarter revenues down 7.1 percent to EUR 2.00 billion. The decline slowed from 9.8 percent a year earlier, but the Dutch operator continued to suffer from difficult conditions in the mobile and business markets. EBITDA was still up 41 percent year-on-year thanks to the release of a pension provision. Excluding that, EBITDA fell 19 percent to EUR 633 million, giving a margin of 31.6 percent. The margin was up slightly from the previous quarter but down almost 5 percent points from a year earlier. Net profit roughly doubled to EUR 346 million or EUR 0.08 per share, thanks to the pensions gain. As part of discontinued operations, KPN wrote off EUR 744 million on its German operator E-Plus, due to the fall in share price at Telefonica Deutschland. Including this, KPN had a net loss of EUR 180 million in the quarter. The sale of E-Plus to Telefonica is expected to close in the current quarter, leaving KPN with a 20.5 percent stake in Telefonica Deutschland. KPN said its cost reduction programme has led to the loss of 350 jobs and EUR 75 million in savings so far this year. KPN maintained its outlook for 2014 and 2015. It expects results to stabilise towards the end of this year, while capex is forecast at less than EUR 1.4 billion and the dividend at 7 cents a share in 2014. In 2015, capex will remain below EUR 1.5 billion and the company expects a return to growth in free cash flow.
Tags: sales
fall
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maintains
Barclays sees profits fall 10%
2014-07-30 08:31:22| BBC News | Business | UK Edition
Barclays' second-quarter profits fall 10% to 3.84bn, following a fall in revenue at its investment bank.
Tags: fall
sees
profits
barclays
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