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Gap's 1Q profit down 8 percent on currency fluctuations

2015-05-22 02:41:01| Apparel - Topix.net

Gap Inc. reported an 8 percent decline in its first-quarter profit, as results were hurt by currency fluctuations and persistent sluggish sales at its Gap and Banana Republic stores. Gap is among the companies struggling with the impact of the strong dollar as sales in foreign currencies are worth less once they are translated back into the U.S dollars.

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Massive fluctuations in the value of the ruble currency on Tuesday...

2014-12-18 05:14:26| Auto Dealers - Topix.net

British automobile manufacturer Jaguar Land Rover will impose a temporary freeze on car shipments to Russia from Dec. 19, the Vedomosti newspaper reported. Photo: Delta 51 / Wikimedia Commons Massive fluctuations in the value of the ruble currency on Tuesday have prompted retailers to make emergency price revisions or even suspend sales and deliveries in Russia until the crisis cools.

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PepsiCo earnings may be pressured by currency fluctuations

2014-12-17 20:21:06| Beverages - Topix.net

PepsiCo Inc earnings could come under pressure in the fourth quarter due to currency fluctuations, investors said, as the company's biggest foreign markets - Russia, Mexico and Canada - have all taken hits to their currencies in recent months. While international expansion has helped PepsiCo diversify, it has exposed it to broader economic problems and forex volatility, particularly as the U.S. dollar has risen rapidly.

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Glacier Fluctuations Influenced by Temperature Rather than Weather, Study Finds

2014-04-16 22:32:00| Climate Ark Climate Change & Global Warming Newsfeed

Nature World: At the height of the last Ice Age, the expansion and contraction of glaciers in Africa's Rwenzori Mountains were driven by air temperature, rather than precipitation, according to new research that carries with it a host of implications affecting glaciers today. The study, led by Dartmouth College researchers and financed by National Geographic Society and the National Science Foundation, supports the idea that many of today's tropical glaciers are shrinking largely because of a warming climate,...

Tags: study weather temperature finds