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Oil prices drop on worries of slowing demand post-winter
2014-02-28 01:00:00| Offshore Technology
Oil prices fell today on expectations of slackening demand following the cold season in the US and Europe, which is likely to cut heating fuel consumption.
Oil prices drop with abating winter
2014-02-27 01:00:00| Offshore Technology
Oil prices dropped today as investors worried that the ending of the cold season in the US and Europe is likely to cut demand for heating fuels, which provided a cushion to oil benchmarks during a period of typically low demand.
Telekom Austria Q4 sales down 5.6%, sees 3% drop in 2014
2014-02-26 09:13:00| Telecompaper Headlines
(Telecompaper) Telekom Austria Group reported fourth-quarter revenues down 5.6 percent from a year earlier to EUR 1.056 billion, hurt by regulatory price cuts, the shift to flat-rate pricing and negative currency effects. EBITDA declined 17.6 percent to EUR 252 million. The net loss narrowed to EUR 49.5 million from EUR 76.0 million a year ago, helped by lower depreciation and taxes. Revenues are expected to remain under pressure this year, dropping around 3 percent. The operator aims to limit the fall by continuing its focus on the high-end market and converged services in its more mature markets, Austria, Croatia and Bulgaria. To offset the increased marketing spend, the group targets operating cost and capex savings of EUR 100 million in 2014. Overall capex is estimated stable this year at EUR 700 million across the group, excluding any spending on the planned spectrum auctions in Slovenia and Bulgaria. Telekom Austria finished the year with net debt of EUR 3.696 billion or 2.9x EBITDA, up 13.8 percent from a year earlier. The company plans to focus on cash conservation in order to return its debt rating to the BBB level in the medium term. Operating cash flow was up 4.6 percent year-on-year to EUR 262 million. The dividend was reduced to EUR 0.05 per share, in line with the company's earlier outlook, and Telecom Austria said it expects to pay the same amount next year.
PS4 launches in Japan, Xbox One gets price drop and Titanfall bundle
2014-02-24 17:43:36| Extremetech
Three months after the PS4 launched in North America, it has launched in its home country of Japan. The PlayStation brand has a huge presence in Japan, whereas the Xbox brand does not. The PS4 already had a comfortable sales lead, but with the Xbox One not impacting Japan, that PS4 sales numbers are going to eclipse Microsoft's box. To combat this, Microsoft has dropped the price of the Xbox One, and included the flagship title Titanfall.
Analysis - Time for Coca-Cola Co to drop its '2020 Vision'
2014-02-21 23:53:00| Daily beverage news and comment - from just-drinks.com
Earlier today (21 February), Coca-Cola Co's CEO Muhtar Kent revealed that the company is upping its marketing spend this year to US$400m.
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