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Oil Price Drop Follows Fresh Fear For Sputtering Chinese Economy
2015-08-05 11:39:39| Oil & Gas - Topix.net
Oil prices tumbled to a four-month low to start the week, pressured by fresh evidence of a sputtering Chinese economy. China is the world's second largest oil consumer, so its purchasing power clearly matters for the energy industry, whose production, earnings, and share prices have been hobbled by the plunge in prices.
L.B. Foster sees sales, profit drop in second quarter
2015-08-04 16:03:31| Industrial Machines - Topix.net
L.B. Foster Co. reported second-quarter net income and sales were down year-over-year, most notably in its rail segment, which is coping with "fewer projects in the transit market and pockets of weakness in freight rail," company president and CEO Robert P. Bauer said in an earnings release this morning.
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Industry uncertainty leads to ON Semiconductor income drop
2015-08-03 22:27:45| Electronics - Topix.net
ON Semiconductor Corp. reported a big decrease in net income for its second quarter due to uncertainty in the industry, though it did post an increase in revenue. The Phoenix-based semiconductor company reported net income of $50.7 million, or 12 cents per share, on revenue of $880.5 million for the quarter that ended July 3. This compares with net income of $94.1 million, or 21 cents per share, on revenue of $757.6 million for the second quarter of 2014.
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What the drop in Publix stock price says about the grocery industry
2015-08-03 21:09:54| Grocery - Topix.net
Challenges in the grocery industry pushed the stock price of Publix Super Markets Inc. down, despite strong performance in the second quarter of 2015. Although the stock is not publicly traded and available only to employees, there are still thousands of people impacted by the price drop.
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Exxon Mobil, Chevron feel squeeze of oil price drop
2015-08-02 05:55:39| Beverages - Topix.net
Big Oil squeezed: Shares of Exxon Mobil and Chevron, the two largest publicly traded energy companies, each fell 5 percent A Friday after both companies reported major declines in profits largely due to the big drop in the price of oil over the past year. Exxon shares closed Friday at $79.21; Chevron closed at $88.48.
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