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Swedish Cable Company Com Hem's $830 Million IPO to Cut Debt
2014-05-23 18:40:49| Appliances - Topix.net
Com Hem Holding AB, the Swedish cable operator owned by BC Partners Ltd., plans to raise about 5.5 billion kronor in an initial public offering as it pays off debt from funding expansion.
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Putin to cut dependence on West
2014-05-23 16:12:58| BBC News | Business | UK Edition
Russian President Vladimir Putin says he will create a state-backed fund to invest in home production to cut dependence on Western imports.
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HP to cut up to 16,000 more jobs
2014-05-23 08:54:00| Telecompaper Headlines
(Telecompaper) HP announced plans to cut up to 16,000 more jobs, as it struggles to return to profitable sales growth. In its latest restructuring plan started in May 2012, the company estimated job losses at 34,000. It now says that number will increase by 11,000 to 16,000. The announcement came alongside its quarterly report, showing revenues for the three months to April down 1 percent year-on-year to USD 27.3 billion. Net profit for the fiscal second quarter was up 20 percent to USD 0.66 per share, at the top of HP's guidance. Adjusted EPS was in line with expectations at USD 0.88, up 1 percent from year ago. HP reported sales down at all divisions, except Personal Systems, where revenue rose 7 percent and it achieved a 3.5 percent operating margin. PC shipments rose 10 percent, with desktops and notebooks each growing 6 percent. HP's operating cash flow was down 16 percent to USD 3.1 billion, and it spent USD 831 million in the quarter on share repurchases. It finished the period with USD 15.4 billion in cash.
QUAIL CREEK BRANGUS "CUT ABOVE" SALE AVERAGES $4,195
2014-05-22 23:21:56| Cattle Today
Quail Creek Brangus owners, Johnny and Donna Vines, hosted their annual “Cut Above” Sale on March 15, 2014 at the Cullman Stockyards in Cullman, Alabama.
Hewlett to cut up to 16,000 jobs
2014-05-22 23:08:39| BBC News | Business | UK Edition
Technology giant Hewlett-Packard releases profits statement accidentally early, saying that although earnings rose it will cut as many as 16,000 more jobs.
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