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BP's Deepwater Horizon bill rises $200m as profits fall
2014-02-04 09:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: BP has been forced to set aside a further $200m for the Gulf of Mexico oil spill, bringing the bill so far to $42.7bn. The final figure could be far higher, however, as the latest tally does not take account of additional provisions for economic loss claims from a further legal settlement it has made, the group said. BP is also waiting for a final US court decision over whether it was considered grossly negligent for the Deepwater Horizon accident. That could add over $20bn to the final bill...
Tags: fall
bill
profits
horizon
KPN plans more job cuts as Q4 sales fall 10%
2014-02-04 09:01:00| Telecompaper Headlines
(Telecompaper) KPN reported fourth-quarter sales down 9.6 percent to EUR 2.06 billion, excluding its German operation E-Plus, which is planned for sale to Telefonica. Only the company's Dutch residential activities reported growth, with sales up 2.5 percent, while all the other operations lost revenues on an annual basis, led by Dutch consumer mobile, down 15 percent. EBITDA fell 29 percent year-on-year to EUR 581million, in part due to the company abandoning its handset lease model. Operating profit still almost doubled to EUR 98 million, and the net loss was reduced to EUR 108 million or 4 cents a share. Including E-Plus, KPN posted a loss of 6 cents a share. After completing the job reduction plan started in 2011, which led to the loss of 4,650 positions, KPN announced a new round of lay-offs, which should lead to 1,500-2,000 jobs cut by 2016. Part of the company's simplification plan announced at the Q3 2013 report, the latest restructuring is expected to lead to EUR 300 million in cost savings. Pending the sale of E-Plus, which KPN said it's confident will go ahead, the company plans to resume dividends for fiscal 2014, with a payment of 7 cents a share.
Oil giant BP sees 2013 profit fall
2014-02-04 08:21:41| BBC News | Business | UK Edition
Oil giant BP reports a fall in profits for 2013 as a result of asset sales and weaker margins on refining.
Southwest gets $2.52 million in subsidies, will add flights in fall
2014-02-04 05:00:32| Airlines - Topix.net
Southwest Airlines for the first time has tapped into the state's Affordable Airfares program to help underwrite losses on its Wichita service.
GM sales fall 12 per cent in January; frigid weather in South, Midwest and Northeast blamed
2014-02-03 20:20:45| Auto Dealers - Topix.net
General Motors says its U.S. sales fell 12 per cent last month as harsh weather kept customers out of its dealerships in several regions.
Tags: january
sales
south
fall
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