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U.S. ethanol output could reach 14 bln gallons in 2014-ADM chief
2013-11-14 06:42:13| Agriculture - Topix.net
U.S. production of corn-based ethanol could reach 14 billion gallons in 2014 because of positive margins for processors and demand from buyers, Archer Daniels Midland Co's chief executive said on Wednesday.
Tags: chief
reach
output
ethanol
RCom net profit grows to INR 6.75 bln in Q2
2013-11-13 08:14:00| Telecompaper Headlines
(Telecompaper) Indian operator Reliance Communications (RCom) saw its net profit increase to INR 6.75 billion in the fiscal second quarter to 30 September, from INR 1.02 billion in the year-ago quarter. Excluding the reversal of a provision of INR 4.41 billion, net profit was INR 2.34 billion for the quarter. Indian operations revenue rose 5.4 percent year-over-year to INR 46.24 billion, while global operations revenue went down 0.3 percent to INR 11.39 billion for the quarter. EBITDA for the Indian operations rose 15.1 percent to INR 16.40 billion, and the global operations grew 15.5 percent to INR 2.46 billion. Total EBITDA was INR 23.28 billion in Q2, and RCom invested INR 364 billion on capital equipment during the quarter. It remained free cash flow positive and said this is expected to continue. ARPU went up 26.3 percent year-over-year to INR 120, helped by a 30.8 percent increase in the data customer base to 34 million, including 9.1 million 3G customers. Total data traffic rose 116 percent year-over-year to 37.570 billion MB, thanks to more subscribers and higher data usage per customer. RCom finished September with a total 117.5 million mobile customers, down by 9.4 million from the previous quarter
Exclusive: Chemtrade in talks for $1 bln buy of General Chemical - Reuters
2013-11-08 02:52:25| Chemicals - Topix.net
Canada's Chemtrade Logistics Inc is in advanced talks to buy General Chemical Corp , two people familiar with the matter said on Wednesday, in a deal that could value the specialty chemicals maker at around $1 billion.
Tags: general
buy
exclusive
chemical
Etisalat confirms Maroc Telecom acquisition for EUR 4.2 bln
2013-11-05 09:01:00| Telecompaper Headlines
(Telecompaper) Etislat has signed a definitive agreement to acquire Vivendi's 53 percent stake in Maroc Telecom for EUR 4.2 billion cash. The companies have been in exclusive talks on the deal since July. The sale is part of Vivendi's strategy to focus its businesses around media and content activities; it's also considering a spin-off of its French telecom operator SFR. Pending regulatory approval, the Maroc Telecom sale is expected to close in early 2014. The Moroccan operator's other shares are owned by the government or publicly listed.
Tags: eur
acquisition
telecom
maroc
UPDATE 3-Alcatel-Lucent seeks to raise $2 bln for recovery drive
2013-11-04 14:43:07| Telecom - Topix.net
Loss-making telecom equipment maker Alcatel-Lucent plans to raise 955 million euros from shareholders and $750 million from a high-yield bond to cut debt and drive what its boss has called a last-ditch effort to save the group.
Tags: drive
update
recovery
raise
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