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NextEra Energy Partners buys NET Midstream pipeline assets in Texas for $2.1bn

2015-08-04 01:00:00| Hydrocarbons Technology

US based renewable energy developer NextEra Energy Partners has agreed to buy NET Midstream and its natural gas pipeline assets in a deal worth $2.1bn.

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U.S. court to hear lawsuits over 'net neutrality' in December

2015-08-04 00:27:13| Telecom - Topix.net

A U.S. appeals court will hear oral arguments on Dec. 4 in lawsuits that challenge the Federal Communications Commission's "net neutrality" rules, which prevent broadband providers from blocking or slowing Internet traffic, the court said on Monday. USTelecom, a trade group for broadband providers, and other opponents of the rules sued the FCC this year, saying the commission violated various laws, regulations and procedures when it passed the rules.

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Masco Reports Strong Net Sales and Operating Profit Growth in Second Quarter 2015

2015-08-03 22:23:16| Furniture - Topix.net

Masco Corporation reported net sales and operating profit growth in the second quarter of 2015. All segments contributed to a 14.5 percent adjusted operating profit margin, representing a 22 percent increase over prior year.

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PepsiCo R&D chief: 'Over $6bn in net revenue is coming from innovation'

2015-08-03 18:14:57| Beverages - Topix.net

PepsiCo's research and development used to be focused on brand refreshes but we're now working with a whole new strategy that is 'paying off in buckets', says its global R&D head. In financial year 2014, PepsiCo pulled in net revenues of $66.6bn; 9% of which was generated by innovation.

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HCL net profit up by 14 percent in fiscal 2015-16

2015-08-03 10:52:57| IT Services - Topix.net

Software major HCL Technologies on Monday reported Rs.7,254 crore net profit for fiscal 2015-16, registering a 14 percent growth year-on-year , as per the Indian accounting standard. In a regulatory filing to the Bombay Stock Exchange , the outsourcing firm said the revenue for fiscal under review increased 12.6 percent YoY to Rs.37,061 crore.

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