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Caterpillar Inc. (CAT) 4Q Earnings Fall On China Write-Down; Warns Of Weak 2013
2013-01-28 19:58:10| IT Services - Topix.net
Caterpillar Inc. , the world's largest maker of construction and mining equipment, said its fourth-quarter net income fell by half after it took a big write-down related to the uncovering of accounting misconduct at a unit of ERA Mining Machinery Ltd , which Caterpillar acquired last year.
United Kingdom: Be wary of Green Deal, warns consumer watchdog
2013-01-28 10:27:00| Climate Ark Climate Change & Global Warming Newsfeed
Telegraph: The initiative, to be launched by Nick Clegg, the Deputy Prime Minister, and Ed Davey, the Energy Secretary, will allow people to borrow money to pay for insulation and other energy efficiency measures. The initial loan can be repaid via savings made from energy bills. The scheme, which is targeted at 14 million homes, is being introduced following the sharp increases in gas and electricity costs that have hit the standard of living for millions of Britons. But some experts question the...
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FTC Staff Warns 11 Jonesboro, Arkansas, Used Car Dealers for Not Displaying 'Buyers Guides'
2013-01-26 05:30:23| Auto Dealers - Topix.net
The Federal Trade Commission's Southwest Region Office has warned 11 used car dealerships in Jonesboro, Arkansas, that their sales practices violate the FTC's Used Car Rule , which requires used car dealers to display a "Buyers Guide" detailing warranty and other important information on the cars they sell.
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FTC warns 11 used car dealerships in NE Arkansas
2013-01-26 01:15:44| Auto Dealers - Topix.net
Federal Trade Commission officials say they've warned 11 used car dealerships in northeast Arkansas that their sales practices violate a commission rule about displaying buyer's guides.
Samsung's Q4 profits jump 76%, warns for smartphone slowdown
2013-01-25 02:54:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics saw its fourth-quarter profit jump 76 percent to KRW 7.04 trillion from KRW 4.01 trillion a year earlier. Sales rose 19 percent to KRW 56.06 trillion. The mobile communications division was the main contributor, growing sales 58 percent to KRW 27.23 trillion. The growth was mainly driven by solid sales of the Galaxy S III and Galaxy Note II. For 2013, Samsung expects intensified competition amid smartphone growth slowdown, and for the tablet market, the company foresees more competition as well as strong growth with emerging market expansion. Profitability of the network and IT division decreased due to intensified price competition, while sales of LTE equipment and notebooks in overseas markets increased. At the semiconductor division, sales grew 5 percent year-on-year to KRW 9.59 trillion due to the differentiated product mix but memory sales were down 2 percent to KRW 5.33 trillion. The consumer electronics division saw sales slip by 1 percent to KRW 13.95 trillion and display panel sales fell 9 percent to KRW 7.75 trillion as TV panel sales declined.
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