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Port shutdown fears add to US apparel headwinds

2014-10-30 16:41:00| Daily apparel & textile news and comment - from just-style.com

US businesses are urging the government to intervene in the ongoing dispute at US west coast ports, amid worsening delays on shipments of holiday merchandise and fears a total shutdown may be imminent.

Tags: add port apparel fears

 

AMD to cut 710 jobs as headwinds push Q3 revenues down 2%

2014-10-17 10:04:00| Telecompaper Headlines

(Telecompaper) AMD said revenues in the third quarter fell 2 percent from the year before to USD 1.43 billion, with the gross margin coming at 35 percent. The net profit sank to USD 17 million or 0.02 per share, from 48 million and 0.06 per share the year earlier, but up from the loss of 36 million reported in the second quarter. The company said it will cut 7 percent of its workforce (710 jobs) as part of a reorganization plan, with impairment costs going to USD 57 million in the fourth quarter and a restructuring charge of USD 13 million for the first quarter. The plan will result in operational savings of around 9 million in Q34 and USD 85 million next year. For the fourth quarter, AMD expects revenue to decrease 13 percent, plus or minus 3 percent, sequentially. New CEO Lisa Su said results for the company's Enterprise, Embedded and Semi-Custom segment were strong but that performance at Computing and Graphics segment was mixed based on challenging market conditions. She said these conditions were pushing the company and that AMD's top priority is to deliver leadership technologies and products as it continues to transform.

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Caterpillar Will Benefit From Headwinds In Iron Ore Industry

2014-10-14 15:40:36| Steel - Topix.net

Iron ore miners will need to increase automation for reducing production cost as iron ore prices are at a five year low. BHP Billiton and Fortescue Metals Group are trailing Caterpillar's driverless trucks.

Tags: industry benefit iron ore

 

VIDEO: Qantas still facing strong headwinds

2014-08-28 05:18:00| BBC News | Business | UK Edition

As Qantas announces its biggest ever financial loss for the year ending in June, concern is mounting over whether it will need further foreign investment to keep airborne.

Tags: video strong facing qantas

 

US: July clothing sales grow despite headwinds

2014-08-14 13:48:00| Daily apparel & textile news and comment - from just-style.com

Clothing was one of the categories which saw sales grow in July, despite US consumers cutting back on discretionary spending amid economic pressures and mounting concerns over global unrest.

Tags: july sales clothing grow

 

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