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Much ado about fencing: SLO city and Union Railroad officials ramp up ...
2013-10-31 12:37:23| Railroads - Topix.net
Where the city fence stops, an old chain link fence starts near the corner of California Boulevard and Taft streets in San Luis Obispo.
Alcatel-Lucent improves margins as Q3 sales up 7%
2013-10-31 09:15:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent reported improving profitability in the third quarter, helped by an increase in underlying revenues. At constant exchange rates, sales were up 7 percent year-on-year and 3.1 percent sequentially to EUR 3.668 billion, and the gross margin rose to 32.6 percent from 27.8 percent in Q3 2012. Alcatel-Lucent said it was growing in IP routing, terrestrial optics and ultra-broadband access products, with new contracts in all regions signed in the quarter. With EUR 259 million in cost savings achieved in the year to date, the company improved the adjusted operating profit to EUR 116 million or 3.2 percent of revenues, from a negative 3.5 percent a year ago. The net loss was EUR 200 million or EUR 0.09 per share, including restructuring charges of EUR 117 million and a financial charge of EUR 218 million. Free cash flow was still a negative EUR 218 million, and net debt rose to EUR 1.004 billion from EUR 794 million at the end of June. Alcatel-Lucent said Qualcomm made its first purchase of the company's shares on 30 September, as part of their earlier announced small cells cooperation, buying a 0.25 percent stake for USD 20 million. Alcatel-Lucent said it expects strong seasonal activity in the fourth quarter and to exceed the top end of its annual cost savings target of EUR 250-300 million.
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Facebook Q3 revenues up 60%
2013-10-31 08:36:00| Telecompaper Headlines
(Telecompaper) Facebook reported third-quarter revenues up 60 percent year-on-year to USD 2.02 billion. Ad revenues rose 66 percent to USD 1.80 billion, and mobile advertising accounted for 49 percent of the total. The number of active mobile users of the social network was up 45 percent to 874 million in September, out of a total 1.19 billion people on Facebook. Daily active users on the site totaled 728 million in September, an increase of 25 percent year-over-year. The company's quarterly operating profit doubled to USD 736 million from USD 377 million a year ago, and the net result moved to a profit of USD 425 million from a loss of USD 59 million. Facebook finished the quarter with USD 9.33 billion in cash.
US: Weyco Q2 profit flat but sales up 8%
2013-10-30 15:51:00| Daily apparel & textile news and comment - from just-style.com
Footwear business Weyco Group posted a 22% increase in underlying net profit as sales in North America and overseas increased.
PwCs Autofacts forecasts global light vehicle assembly to reach 81.8M units in 2013, up 3.3% from 2012
2013-10-30 14:30:10| Green Car Congress
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