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Oil prices drop after profits taken by traders
2016-06-09 01:00:00| Offshore Technology
Oil prices have fallen after traders took profits following three sessions of increases.
Alton Towers '25% drop in visitors'
2016-05-27 20:01:00| BBC News | Business | UK Edition
Alton Towers has seen a "25% drop in visitors" in the year of the Smiler crash, according to a report.
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visitors
towers
alton
Lenovo Q4 revenues fall 19% after drop in smartphone sales
2016-05-26 11:56:00| Telecompaper Headlines
(Telecompaper) Lenovo reported revenues for its fiscal fourth quarter to March down 19 percent year-on-year to USD 9.133 billion, as the company suffered from the slowdown in the PC market and falling mobile phone sales. Operating profit still improved, by 95 percent to USD 248 million, thanks to restructuring and cost-cutting efforts, and net profit was up 80 percent to USD 180 million. The company maintained its dividend at HKD 0.25 per share. The group shipped 10.9 million smartphones in the quarter and 66.1 million over the full year, down 13 percent. Lenovo said that while it achieved its goal of mobile profitability within 18 months of the acquisition of Motorola Mobility, the "integration efforts did not meet expectations". In particular, China shipments declined 85 percent, as the company failed to keep up with the shift to open-market sales and competition from premium brands business. In North America it also suffered from a poor product transition, missing the key year-end sales window for new products.
Tags: sales
fall
drop
revenues
Oil prices drop due to growing production
2016-05-24 01:00:00| Offshore Technology
Prices of oil dropped for a fifth consecutive day due to growing production from major exporters and increased dollar values.
Tags: due
prices
production
growing
Fiat shares drop on report of sales ban
2016-05-23 11:04:48| BBC News | Business | UK Edition
Fiat Chrysler shares fall sharply on the Milan stock exchange after media reports that it could face a sales ban in Germany over accusations that it cheated emissions tests.
Tags: report
sales
drop
shares
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