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Emissions scandal pushes VW into loss
2015-10-28 09:49:40| BBC News | Business | UK Edition
Volkswagen reports a loss in the third quarter of the year after taking a big charge to cover the costs of its emissions scandal.
Tags: loss
emissions
scandal
pushes
Telenor posts Q3 net loss on Vimpelcom writedown
2015-10-28 08:57:00| Telecompaper Headlines
(Telecompaper) Telenor reported a loss of NOK 1.77 billion for the third quarter, hurt by a writedown on its stake in Vimpelcom which is up for sale. In the year-earlier period, the company had a profit of NOK 2.59 billion. Revenues increased to NOK 31.84 billion in Q3 from NOK 27.69 billion a year ago and were up 4.5 percent on an organic basis. Adjusted EBITDA rose to NOK 11.85 billion from NOK 10.26 billion, with the margin little changed at 37.2 percent. Telenor said it showed strong results in the Norwegian mobile market, continued expansion in Myanmar and promising growth trends in Pakistan, Bangladesh, Sweden and Hungary. However, it faced intense competition impacting performance in Thailand, Malaysia and Denmark. In Denmark, the group is still reviewing its strategic options after the proposed merger with Telia was blocked by regulators. The inclusion of the Danish operations led to a change in Telenor's outlook for the full year. It now expects an EBITDA margin of 34-35 percent for 2015, at the low end of its earlier guidance of 34-36 percent. Organic sales growth is expected at around 5 percent over the full year, after 5.7 percent in the first nine months of the year.
Germany braces for loss of revenue in VW scandal
2015-10-25 09:52:46| Automakers - Topix.net
The towns that became synonymous with Volkswagen AG's rise to the pinnacle of the auto industry are feeling the pinch of the diesel-emissions scandal, freezing spending on projects such as playgrounds amid the carmaker's abrupt fall from grace.
America Movil swings to Q3 loss
2015-10-20 02:00:00| Total Telecom industry news
Mexican incumbent hit by currency exchange rates; calls for fairer regulation in its home market.
Tags: america
loss
swings
movil
Halliburton reports 3Q loss
2015-10-19 15:51:24| Oil & Gas - Topix.net
Halliburton Co. on Monday reported a third-quarter loss of $54 million, after reporting a profit in the same period a year earlier.
Tags: reports
loss
halliburton
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