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Record US Corn Production Expected to Improve Pork Industry Profitability

2013-07-25 02:00:00| ThePigSite - Industry News

US - An agricultural economist with the University of Missouri expects record US corn production to result in greatly improved profitability for North American pork producers, Bruce Cochrane writes.

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LG ships record 12.1 mln smartphones in Q2

2013-07-24 08:59:00| Telecompaper Headlines

(Telecompaper) LG Electronics reported a 10 percent rise in sales in the second quarter, led by strong shipments of its mobile phones. Revenues were up 10.1 percent year-on-year to KRW 15.23 trillion (USD 13.58 billion), and the mobile division grew sales 34.5 percent to KRW 3.12 trillion. LG shipped a record 12.1 million smartphones in the quarter, more than double the year earlier and up 17 percent from Q1 and also reported increased sales of mass market devices, including its L and F series phones. Operating profit at the mobile division improved to KRW 61 billion from a loss of KRW 28 billion a year ago, but was down versus Q1 on weaker demand in Korea and lower average selling prices due to competition and higher marketing costs. Group operating profit fell to KRW 479 billion from KRW 527 billion a year earlier due to the weak TV market. Net profit fell to KRW 156 billion from KRW 169 billion, but was up compared to Q1. For the current quarter, LG said it expects continued growth from mass-market and LTE phones, while its new high-end devices such as the G Pro and G2 should strengthen its position in the premium segment.

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LG ships record 12 million smartphones during Q2

2013-07-24 07:51:13| CNET News.com

South Korea electronics company reports $13.6 billion in revenue, a 10 percent increase year-over-year, on strong sales in its mobile, entertainment, and home appliance units. [Read more]    

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KKR to finance $3.9 billion Gardner Denver deal at record low rates

2013-07-24 04:17:46| Industrial Machines - Topix.net

The S&P 500 snapped a four-day winning streak on Tuesday and pulled back from Monday's record closing high, while healthy earnings from United Technologies gave the Dow a slight lift.

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Earnings fuel new Dow record overnight

2013-07-24 00:34:22| Paper - Topix.net

Trader Fred DeMarco, centre, and specialist Christopher Gildea, right, on the floor of the New York Stock Exchange last night.

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