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China: The cost of clean air

2015-02-05 21:52:00| Climate Ark Climate Change & Global Warming Newsfeed

Economist: A DESOLATE scene surrounds Little Zhangs Tyre Repair in the dusty rock-mining township of Shijing, in the northern province of Hebei. Zhang Minsheng, the owner, still gets some business from passing traffic. But the recent closure of nearby rock quarries, because of air-pollution restrictions, has taken its toll. He reckons his monthly income has fallen by 30-40% to around 4,000 yuan ($640). Next door a wholesale coal business has closed. So too have a small family-owned barbecue restaurant and...

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Creative Attempt to Fill Recycling Cost Shortfall Leads to Lawsuit in Pennsylvania

2015-02-04 19:01:00| Waste Age

Opportunities seldom drop into ones lap. Often, if you dont ask, you dont get. Heres how this strategy played out in a locale where a funding shortfall threatened to undermine a countys integrated waste management program. read more

Tags: cost creative fill leads

 
 

Bosch CEO: 15% of new cars by 2025 to be at least a hybrid; batteries to deliver 2x energy density for 1/2 current cost by 2020

2015-02-04 18:55:33| Green Car Congress

Tags: to by for current

 

New Report Highlights Oil and Gas Industry Split Over Cost Management Strategies for Tackling Downturn

2015-02-04 17:59:00| Offshore Technology

'Knee-jerk' reactions to the falling oil price as confidence drops by more than 37% in just three months.

Tags: report management cost industry

 

KPN revenues stabilise in Q4, further cost cuts planned

2015-02-04 08:41:00| Telecompaper Headlines

(Telecompaper) KPN reported fourth-quarter revenues flat at EUR 2.07 billion. One-time income including a tax credit of EUR 44 million offset a 2.1 percent drop in underlying sales. EBITDA fell by 3.0 percent to EUR 669 million, and the margin was down 1 percent point to 32.4 percent. EBIT roughly doubled compared to a year earlier to EUR 218 million, and the net loss narrowed to EUR 37 million, impacted by costs for repurchasing debt. Capex increased 17 percent to EUR 482 million, resulting in negative free cash flow of EUR 199 million. Excluding one-time items, free cash flow would have reached EUR 405 million in 2014. Capex over the full year totaled EUR 1.41 billion, slightly above KPN's forecast for less than EUR 1.4 billion. KPN said 2014 was a transformation year, with the sale of E-Plus, acquisition of Reggefiber and new management appointed. Results started to stabilise towards the end of the year and the Dutch operator expects this to continue in the coming quarters. For 2015, the company forecast stable EBITDA by year-end, cost savings of over EUR 400 million (up from EUR 300 million previously), capex of less than EUR 1.4 billion (down from less than EUR 1.5 billion earlier), cash flow higher than the adjusted EUR 405 million in 2014 (excluding any dividend from Telefonica Deutschland) and an increase in the dividend to 8 cents from 7, with a further increase in 2016. In Belgium, KPN plans to reduce investments and target a margin of 25-30 percent in the medium term.

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