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Amazon raises Q4 sales 22% to USD 21.3 billion

2013-01-30 08:25:00| Telecompaper Headlines

(Telecompaper) Amazon grew its turnover 22 percent to USD 21.27 billion in the fourth quarter of 2012, and its operating profit by 56 percent to USD 405 million. Operating margin growth in North America was partly driven by higher sales on its website by third parties, accounting for 39 percent of units purchased in the period. Net profit fell by 45 percent to USD 97 million in the fourth quarter. Company founder and CEO Jeff Bezos said the eBooks category grew by around 70 percent in 2012, while physical book sales only rose by 5 percent, the slowest December growth rate since Amazon opened for business 17 years ago. The company still built 20 warehouses last year. Amazon anticipates sales of USD 15-16.6 billion in the first quarter, up by 14-26 percent year-on-year. It expects to report a figure between an operating loss of USD 285 million and an operating profit of USD 65 million, compared to a USD 192 million operating profit in the first quarter of 2012.

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French levy on airline tickets raises 1bn for UNITAID

2013-01-30 01:00:00| Airport Technology

The French Government's special tax levy on air tickets has raised more than 1bn since 2006, according to the French Civil Aviation Authority (DGAC).

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Union says AA workers to get raises from merger

2013-01-28 21:38:07| Airlines - Topix.net

American Airlines ground workers would get immediate 4.3 percent raises, if the carrier merges with US Airways under a deal negotiated by the workers' union and both airlines.

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Ryanair raises profit forecast

2013-01-28 08:59:59| BBC News | Business | UK Edition

Ryanair lifts its full-year profit forecast to 540m euros ($725m; 460m) after a better-than-expected performance in the last three months of 2012.

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Kroger Mid-Atlantic raises $160,000 in support of USO

2013-01-28 06:45:26| Grocery - Topix.net

The Kroger Co. , the nation's largest traditional grocery retailer with 16 stores throughout the Triangle and North Carolina, has announced that its Mid-Atlantic Division that includes the Triangle-area stores raised $159,750 to support the USO in its 2012 "Honoring Our Heroes" campaign.

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