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Alberta's real estate woes threaten the rest of the country

2015-02-02 00:48:38| Real Estate - Topix.net

The "soft landing" that Bank of Canada Governor Stephen Poloz still predicts for the housing market conjures up thoughts of powdery snow and fluffy pillows. Alberta's real estate market appears to be in the early stages of a correction as the falling price of crude ripples through the province's economy.

Tags: the real country estate

 

Analyst takes note of Fisher-Price woes in Mattel shakeup

2015-01-29 15:19:42| Toys - Topix.net

Those struggles are widely viewed as the reason for the announcement Jan. 26 that Mattel's chairman and CEO, Bryan Stockton resigned. Stockton had held those roles since 2000.

Tags: note takes analyst woes

 
 

Qualcomm lowers outlook on order woes, competition in China

2015-01-29 09:16:00| Telecompaper Headlines

(Telecompaper) Qualcomm said revenues for its fiscal first quarter to 28 December rose 7 percent from the year earlier to USD 7.1 billion, with the operating profit jumping 38 percent to USD 2.1 billion, the net profit going 7 percent higher to USD 2.0 billion and diluted earnings per share lifting 7 percent to USD 1.17. The operating cash flow was down 15 percent to USD 2.1 billion, and at the end of the quarter, the company had cash of USD 31.6 billion. MSM chip shipments rose 27 percent to 270 million units, while total reported device sales slipped 8 percent to USD 56.4 billion. CEO Steve Mollenkopf said that despite the strong quarter, the company was lowering its revenue outlook for the semiconductor business for the first half and its EPS forecast. The changes reflect the company's revised expectations related to OEM mix, sales to a large customer and heightened competition in China. Mollenkopf added that Qualcomm resolved its dispute with a licensee in China and that the country continued to present significant opportunities, particularly with the rollout of 3G/4G multimode. Nevertheless, the company is still the subject of an investigation by the China National Development and Reform Commission and Qualcomm continues to believe that certain licensees in China are not fully complying with their contractual obligations.

Tags: order china competition outlook

 

Carlsberg freezes salaries and new hires over Russia woes

2015-01-28 16:17:00| Daily beverage news and comment - from just-drinks.com

Carlsberg has confirmed it has introduced a freeze on salaries and hiring new staff in light of its on-going struggles in Russia.

Tags: russia salaries hires woes

 

Global FY Cognac sales, volumes slide as China woes bite - figures

2015-01-16 16:30:00| Daily beverage news and comment - from just-drinks.com

Global Cognac sales by value fell by 11% last year as the industry continued to feel the impact of government measures in China, according to latest figures.

Tags: sales china global figures

 

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