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LG Electronics sees big profit jump

2014-07-24 10:55:59| BBC News | Business | UK Edition

LG Electronics sees a big jump in second quarter profit, due to turnaround in its mobile phone division.

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BlackRock Sees Revival as Roads Attract Tata: Corporate India

2014-07-24 09:34:33| Steel - Topix.net

Billionaires Anil Ambani and Ajay Piramal are joining the Tata Group in seeking distressed Indian road projects offered by debt-laden builders amid Prime Minister Narendra Modi's plan to boost infrastructure spending.

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Nokia Q2 results still lower, sees better H2

2014-07-24 08:43:00| Telecompaper Headlines

(Telecompaper) Nokia reported lower sales and operating profit in the second quarter, but said its main Networks division should do better over the full year. In the first quarter since the sale of its handset business, Nokia posted revenues of EUR 2.94 billion, down 7 percent from a year earlier on a pro forma basis. Adjusted operating profit fell 19 percent to USD 347 million, while the net loss narrowed slightly, to USD 0.01 per share from USD 0.02. Nokia Networks achieved an adjusted operating margin of 11.8 percent, and Nokia said it now expects the division to exceed its long-term target of 5-10 percent this year. Networks should also return to revenue growth in the second half of the year. Total profit was still down at the networks division in Q2, to EUR 281 million from EUR 328 million a year ago, and net sales dropped to EUR 2.6 billion from EUR 2.8 billion. Excluding currency effects and divestments of non-core businesses, sales at Nokia Networks would have increased 1 percent year-on-year. Nokia otherwise benefited from increased licence revenue from Microsoft nthe quarter, as well as the proceeds from the handset sales. This left the company with net cash of EUR 6.5 billion at the end of June. It also paid off EUR 1.5 billion in convertible bonds from Microsoft and EUR 950 million in Nokia Networks debt, leaving it with no remaining financial covenants.  

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Industry At A Glance: Texas Triangle Corn Basis Sees Spike

2014-07-23 21:50:00| Beef

A 50 move in corn basis since last summer represents a value difference of nearly $30/head between the northern and southern regions the equivalent of $4-$5/cwt. for a 750-lb. steer. read more

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MEXICO: Coca-Cola FEMSA sees purchases lead in H1

2014-07-23 20:40:00| Daily beverage news and comment - from just-drinks.com

Coca-Cola FEMSA has seen sales in its half-year receive a boost from last year's purchases in Brazil and Mexico.

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