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United Technologies says strong dollar, slowing China to dent full-year profit

2015-07-21 14:03:40| Industrial Machines - Topix.net

"With six months of trends behind us, it is now clear the commercial aftermarket at UTC Aerospace Systems will be significantly below our expectations for the year," Chief Executive Gregory Hayes said in the company's second-quarter earnings statement. He said weakness for Otis in Europe and a slowing China had led the company to revise down estimates for both businesses.

Tags: united china strong technologies

 

United Technologies says strong dollar, slowing China to dent full-year profit

2015-07-21 13:49:59| Paper - Topix.net

"With six months of trends behind us, it is now clear the commercial aftermarket at UTC Aerospace Systems will be significantly below our expectations for the year," Chief Executive Gregory Hayes said in the company's second-quarter earnings statement. He said weakness for Otis in Europe and a slowing China had led the company to revise down estimates for both businesses.

Tags: united china strong technologies

 
 

Mexico's Sugary Drink Tax Makes A Dent In Consumption, Study Claims

2015-06-20 01:31:35| Beverages - Topix.net

Soda delivery in Bosque de Chapultepec, Mexico City. Between 1989 and 2006, the consumption of sugary drinks increased by 60 percent per capita in Mexico.

Tags: study makes tax claims

 

Movado Group: No Dent In Growth Prospects

2015-06-13 22:56:28| Jewelry - Topix.net

Margin declines are expected to reverse, as these have come due to foreign currency fluctuations and one-off efficiency enhancement program expenses. Movado Group, Inc. designs, sources, market and distributes fine watches under Concord, Ebel, Suderia Ferrari Watches and other brands.

Tags: group growth prospects dent

 

Public holidays dent new car sales

2015-05-05 09:29:32| Auto Dealers - Topix.net

Figures released on Monday revealed that new car sales in April dropped 1.9 percent to 30 184 from the 30 778 sold in April 2014. Sales of new light commercial vehicles, bakkies and mini-buses fell six percent year-on-year to 12 077, medium commercial vehicles were down 4.7 percent to 777 and heavy truck and buses dropped 6.8 percent to 1465.

Tags: public sales car holidays

 

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