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Fairchild Semi lowers outlook and unveils cost cuts due to weak demand
2015-09-09 13:56:32| Semiconductors - Topix.net
The company said it now expects third-quarter sales of about $340 million, down from a prior range of $355 million to $375 million. The current FactSet consensus is for third-quarter sales of $365 million.
Oil industry starts new round of cost cuts amid lower prices
2015-07-29 06:21:59| Oil & Gas - Topix.net
BP Plc and Chevron Corp. fired the opening salvo for a further round of cost cuts by major oil companies grappling with low energy prices. "It's really tough times for the industry," BP Chief Executive Officer Bob Dudley said Tuesday, comparing the market to 1986 when tumbling prices forced drastic cost savings.
Tags: cost
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Chevron profit beats expectations, cost cuts offset cheap oil
2015-05-01 20:27:30| Oil & Gas - Topix.net
Oil and natural gas producer Chevron Corp reported a 43 percent drop in quarterly profit on Friday, though results beat analysts' expectations as cost cuts and robust refining margins helped offset the impact of tumbling oil prices. A Chevron gas station sign is pictured at one of their retain gas stations in Cardiff, California October 9, 2013.
UPM's profit beats view on cost cuts, FX gains
2015-04-28 10:11:03| Paper - Topix.net
Finnish paper maker UPM-Kymmene Oyj Tuesday posted better-than-expected net profit for the first quarter as cost-cutting measures and currency tailwinds helped it offset the negative impact of lower paper prices and delivery volumes. UPM's net profit for the three months ended March.
CNOOC posts 6.5% rise in 2014 profit, vows cost cuts amid low oil prices
2015-03-27 14:51:16| Oil & Gas - Topix.net
CNOOC, China's third largest oil company, reported a net profit of 60.2 billion yuan for last year, up from 56.5 billion yuan a year earlier. That beat a consensus forecast of 52.3 billion yuan from 23 analysts polled by Thomson Reuters.
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