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Ericsson Q1 profits lower as NAmerica market slows
2015-04-23 08:26:00| Telecompaper Headlines
(Telecompaper) Ericsson reported first-quarter sales up 13 percent year-on-year to SEK 53.5 billion, due largely to positive currency effects. Adjusted for comparable units and currency, revenues fell 6 percent, driven by slower mobile broadband activity in North America. Ericsson said it expects the situation to continue in North America in the near term, while it continues to benefit from the booming 4G market in China. This sales mix led to a drop in the gross margin to 35.4 percent in Q1 from 36.5 a year ago, and operating profit fell to SEK 2.1 billion from SEK 2.6 billion due to higher restructuring charges of SEK 0.6 billion. Ericsson also reported negative operating cash flow of SEK 5.9 billion, mainly due to increased working capital. Net profit dropped 14 percent year-on-year to SEK 1.5 billion.
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Toyota To Ask For Lower Jury Award, New Trial In Fatal Crash
2015-04-22 19:51:23| Automakers - Topix.net
TV is part of CBS Television Stations, a division of CBS Corp. and one of the largest network-owned station groups in the country. Click here for WCCO-TV news stories Send us your breaking news tips [...] 830 WCCO Welcome to News Radio 830 WCCO on CBSMinnesota.com! WCCO is part of CBS Radio, a division of CBS Corp. and one of the largest network-owned station groups in the country.
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toyota
South Africa's Illovo Sugar flags lower FY earnings
2015-04-20 11:46:01| Sugar Industry News
JOHANNESBURG (Reuters) - Illovo Sugar, Africa's biggest producer of the sweetener, said on Wednesday its full-year profits would fall due to depressed global prices and drought that has ravaged some of its crops in South Africa.
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Oil extends gains on lower U.S. rig count, China stimulus
2015-04-20 09:26:04| Energy - Topix.net
Oil prices rose on Monday, extending last week's gains as a drop in the number of U.S. rigs drilling for crude pointed to lower supply later in the year, while China's latest stimulus measure also underpinned the market. U.S. oil drilling rigs fell for a record 19th straight week to the lowest since 2010, data from Baker Hughes showed on Friday.
Oil extends gains on lower U.S. rig count, China stimulus
2015-04-20 09:14:59| Oil & Gas - Topix.net
Oil prices rose on Monday, extending last week's gains as a drop in the number of U.S. rigs drilling for crude pointed to lower supply later in the year, while China's latest stimulus measure also underpinned the market. U.S. oil drilling rigs fell for a record 19th straight week to the lowest since 2010, data from Baker Hughes showed on Friday.
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