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Silicon Labs wows Wall Street amid record Q4 revenue
2015-02-05 00:03:17| Electronics - Topix.net
Shares of Silicon Laboratories Inc. surged more than 8 percent Wednesday after the company posted record fourth-quarter revenue and handily beat analyst earnings estimates. The Austin-based company reported a quarterly profit of $10 million, or 23 cents per share, on revenue of $161.9 million compared with a profit of $10.6 million, or 24 cents per share, on revenue of $146.2 million during the same period the previous fiscal year.
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record
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revenue
Wave of Australian LNG write-downs looms amid oil slump
2015-02-04 15:17:43| Energy - Topix.net
The seven-month oil rout threatens to erode the returns of local LNG producers, whose contracts with Asian buyers are linked to crude. Photo: Michele Mossop BG Group's move to write down the value of its Australian assets after the slide in oil prices may kick off a wave of impairments in the country's natural gas export industry.
Tags: oil
wave
australian
lng
Wave of Australian LNG write-downs looms amid oil slump
2015-02-04 07:39:12| Oil & Gas - Topix.net
The seven-month oil rout threatens to erode the returns of local LNG producers, whose contracts with Asian buyers are linked to crude. Photo: Michele Mossop BG Group's move to write down the value of its Australian assets after the slide in oil prices may kick off a wave of impairments in the country's natural gas export industry.
Tags: oil
wave
australian
lng
Oil prices decline amid crude oversupply and increasing demand concerns
2015-02-04 01:00:00| Offshore Technology
Oil prices slipped to around $57 today due to increasing demand concerns caused by weak data from China.
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increasing
oil
demand
BP reports quarterly loss of $4.4 bln amid oil price drop
2015-02-03 17:34:26| Energy - Topix.net
BP sounded a somber note on the oil industry Tuesday, saying producers may have to adjust to an extended period of lower prices, as the company reported a fourth-quarter loss of $4.4 billion and announced spending cuts. The London-based oil company followed Royal Dutch Shell and Chevron in curbing spending after the price of crude oil dropped about 50 percent last year.
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