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US stocks slide, following global markets lower
2014-01-24 17:31:02| Industrial Machines - Topix.net
U.S. stocks are falling sharply, following a global rout as investors pull money out of emerging markets like Turkey and Argentina and worry about a slowdown in China.
Tags: global
lower
markets
slide
Samsung Q4 operating profit lower as smartphone sales slow
2014-01-24 08:56:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics reported a drop in fourth-quarter operating profit, as the company increased marketing in an attempt to fight off growing competition in the smartphone and tablet market. While revenues increased to KRW 59.28 trillion from KRW 56.06 trillion a year earlier, operating profit dropped to KRW 8.31 trillion from KRW 8.84 trillion. Net profit still improved slightly, to KRW 7.30 trillion from KRW 7.04 trillion a year ago. At the IT & Mobile division, revenues rose to KRW 33.89 trillion from KRW 30.71 trillion in the year-earlier period, while operating profit was flat year-on-year and down 18 percent from Q3, to KRW 5.47 trillion. Samsung said smartphone demand increased worldwide due to the holiday season, and tablet demand was much stronger due to a wide range of promotions. However, the company's own smartphone shipments were "slightly" lower on a sequential basis, which Samsung attributed to year-end inventory adjustments and a strong Q3. Samsung tablet shipments were up sharply from the previous quarter, driven by strong sales of the new Galaxy Tab 3 and Note 10, the company said. For 2014, Samsung expects competition to intensify in the feature phone market, as the migration to smartphones accelerates. The smartphone market will be driven by the transition to LTE in Europe and China and demand from emerging markets, and the company plans new mid-range and high-end products to target these areas. Rapid growth is also expected to continue in the tablet market, although Samsung expects both phones and tablets to be weaker in Q1 due to the usual seasonal slowdown.
Tags: sales
lower
operating
slow
Sugar firms losses to aggravate as realisations much lower
2014-01-24 07:18:00| Sugar Industry News
Sugar mills\' financial health is unlikely to see a significant change anytime soon due to relentless price decline in the sweetener and uncertainty in allied products despite short term relief measures introduced by the government.
Tags: lower
firms
sugar
losses
Cuadrilla abandons plans to frack at Lower Stumble well site in Balcombe
2014-01-24 01:00:00| Hydrocarbons Technology
UK-based energy firm Cuadrilla announced that it has discarded fracking plans at its Lower Stumble well site in West Sussex.
Tags: site
lower
plans
stumble
Southwest's 4Q profit rises on lower fuel spending
2014-01-23 15:27:48| Airlines - Topix.net
Southwest Airlines Co. made more money in the fourth quarter thanks to a lower fuel bill and higher average fares.
Tags: lower
profit
fuel
spending
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