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Iliad shares drop after T-Mobile bid
2014-08-01 11:30:52| BBC News | Business | UK Edition
Shares in French start-up mobile company Iliad see a fall of 13%, their biggest drop in eight years, after the firm made a bid for T-Mobile US.
Kellogg's Profit Falls 16% as Cereal Sales Drop
2014-08-01 04:27:26| Agriculture - Topix.net
The breakfast blues keep getting worse for the nation's biggest cereal maker, as Kellogg Co.
Albemarle reports drop in earnings
2014-07-31 19:42:25| Chemicals - Topix.net
The Advocate reports the Baton Rouge company noted second-quarter earnings were affected by an April 15 deal to sell its antioxidant, ibuprofen and propofol businesses and assets to SI Group Inc. Albemarle took a pre-tax charge to reflect an expected loss on the sale of the assets, which should be completed this year.
Tags: reports
drop
earnings
albemarle
Samsung sees better market in H2 after drop in Q2 results
2014-07-31 09:04:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported a drop in second-quarter results, hurt by the slowdown in the tablet market, costs for launch of its new flagship smartphone and increased competition on the low end of the market, especially in China. Revenues were down to KRW 52.35 trillion from KRW 57.46 trillion a year ago, and operating profit dropped to KRW 7.19 trillion from KRW 9.53 trillion. The mobile handset division recorded operating profit of KRW 4.42 trillion on sales of KRW 28.45 trillion, down from profit of KRW 6.28 trillion and sales of KRW 35.54 trillion a year earlier. Samsung said the smartphone market was flat compared to the first quarter and the tablet market slightly lower. Demand was solid in the US, but weak in Europe due to high channel inventories. In China, 3G demand weakened in anticipation of the launch of LTE, and the company faced heightened competition from local manufacturers. Samsung said the smartphone market is expected to improve in the second half of the year, on the expansion of TD-LTE in China and reduced inventories in Europe, while the tablet market should pick up towards the end of the year due to holiday promotions.
Fiat 2Q profits drop by 55 percent
2014-07-30 20:06:45| Automakers - Topix.net
Fiat, whose shareholders vote Friday on the merger with Chrysler, said net profit was 197 million euros , compared with 435 million euros in the same period last year.
Tags: percent
drop
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fiat
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