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WHO backpedals on red meat/cancer link
2015-11-02 00:05:12| Beef
After the International Agency for Research on Cancer concluded that consuming red meat and processed meat increases cancer risk, media headlines exploded. However, after much backlash, the World Health Organization is now backpedaling on its stance. Content Classification: Curated BEEF Daily read more
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backpedals
Will McDonalds' tie-up help Monster catch Red Bull in energy drinks race? - Comment
2015-11-01 17:36:00| Daily beverage news and comment - from just-drinks.com
This month, Ray Rowlands turns his attention to the recently-reported link-up in the US between Monster Beverage Corp and the McDonald's fast-food chain.
Red meat production forecast record large
2015-10-31 04:02:00| Beef
Although beef production this year is estimated to be 2.1% less by the Livestock Marketing Information Center, record-large pork and broiler production set the stage for record-large red meat and poultry production. read more
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Utah Red Hills Renewable Park, Utah
2015-10-30 01:00:00| Power Technology
Utah Red Hills Renewable Park is a solar power generating facility being developed in Parowan, Utah, by Scatec Solar with an estimated investment of $188m.
LG mobile business in the red as sales fall 21%
2015-10-29 08:33:00| Telecompaper Headlines
(Telecompaper) LG Electronics reported a fall in third-quarter profits, hurt by a slowdown at its smartphones and consumer electronics business. Revenues were up 0.7 percent year-on-year to KRW 14.71 trillion, but operating profit dropped to KRW 294 billion from KRW 465 billion a year ago. Net profit fell to KRW 125 billion from KRW 203 billion, also hurt by lower results at the LG Display venture. At the mobile division, revenues fell 21 percent year-on-year and 7 percent from Q2 to KRW 3.38 trillion. The unit moved into the red, with an operating margin of negative 2.3 percent, compared to breakeven in Q2. LG said it sold 14.9 million smartphones in the quarter, up 6 percent from Q2 but 11 percent less compared to the year-earlier period. Sales improved on a sequential basis in the US thanks to solid sales of mid-range smartphones, but sales were lower on an annual basis in Korea due to weak market demand. LG said it expects competition to remain fierce in Q4 due to new models in the premium segment and price pressure in the mid-market. LG will aim to improve profitability and focus on the new Nexus 5X and V10 models. In consumer electronics, LG also reported sales down 5 percent to KRW 4.29 trillion. The operating margin improved to 0.9 percent from a negative 2.1 percent in Q2, but was still down on 3.0 percent a year ago. The company was hurt by weaker demand for TVs and currency fluctuations. LG said it will work on improving margins with a focus on the premium market for OLED and UHD TVs.
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sales
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