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Kimpton faces hotel shake-up, loses most of its San Francisco hotels

2015-08-01 02:40:40| Real Estate - Topix.net

San Francisco-based Kimpton Hotels and restaurants is undergoing a major shake-up - it's lost the management contract for most of its San Francisco hotels, and some say it's all because of its earlier acquisition by InterContinental Hotels Group. Kimpton will no longer manage the Hotel Palomar San Francisco, Hotel Monaco San Francisco, Harbor Court Hotel, Triton Hotel, Prescott Hotel, Tuscan Inn and the Argonaut hotel.

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CB&I loses top Charlotte exec

2015-07-31 15:14:18| Industrial Machines - Topix.net

Jeff Lyash is leaving his job as president of Chicago Bridge & Iron's power business unit in Charlotte to become CEO of Ontario Power Generation, effective Aug. 21 Jeff Lyash is leaving his job as president of Chicago Bridge & Iron's power business unit in Charlotte to become CEO of Ontario Power Generation, effective Aug. 21 OPG is the province-owned power company for Ontario. The Toronto Sun reports Lyash will get a $775,000 base salary and could double that to $1.55 million with bonuses.

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Swiss National Bank loses 50bn francs

2015-07-31 11:36:29| BBC News | Business | UK Edition

The soaring value of the Swiss franc against the euro leads Switzerland's central bank to report a first half loss of 50bn francs.

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EDF loses 266,000 UK customer accounts

2015-07-30 14:52:40| BBC News | Business | UK Edition

Energy firm EDF lost 266,000 UK customer accounts in the past year as more consumers chose to switch their gas and electricity suppliers.

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Numericable-SFR loses more customers, ARPU improves

2015-07-29 09:31:00| Telecompaper Headlines

(Telecompaper) Numericable-SFR reported an improvement in its underlying sales trend in Q2, helped by its focus on quad-play offers. The year-on-year fall in revenues slowed to 2.4 percent, for a total EUR 2.781 billion, compared to a drop of 4.6 percent in the first quarter. In the consumer market, revenues fell 1.5 percent for fixed services and mobile dropped by 2.9 percent. Business revenues declined 3.9 percent. Adjusted EBITDA still improved 19 percent to EUR 1.056 billion, driven by the synergies from merging Numericable and SFR. The adjusted EBITDA margin jumped 7.2 percent points year-on-year to 38.4 percent, putting the company on track for ts medium-term goal of 45 percent. The company also grew operating cash flow 49 percent to EUR 647 million, as capital expenditure fell 10 percent to EUR 409 million. 

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