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Truckmaker Volvo posts 4Q loss of $364 million as demand for construction equipment weakens

2015-02-05 14:25:07| Automakers - Topix.net

Swedish truck maker AB Volvo has posted a fourth-quarter loss of 3 billion kronor , compared with a 548 million-kronor surplus last year, in the face of weak demand for construction equipment. The Goteborg-based company says sales in the last three months of 2014 rose slightly to 77.5 billion kronor from 76.6 billion kronor in the same period last year.

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GenCorp posts 2014 loss, but list of funded contracts grows

2015-01-31 02:13:04| Automakers - Topix.net

Rocket maker GenCorp Inc. said lost $53 million in its 2014 fiscal year, down from a gain of $167.9 million the previous year. Rocket maker GenCorp Inc. said Friday it lost $53 million in its 2014 fiscal year, down from a gain of $167.9 million the previous year.

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ConocoPhillips Posts Loss, Cuts Capex Again

2015-01-29 14:53:50| Oil & Gas - Topix.net

ConocoPhillips , the largest independent oil and gas company, on Thursday reported a quarterly loss and again slashed its 2015 capital expenditures, citing lower crude prices. ConocoPhillips, which previously announced plans to cut 2015 spending by 20 percent in December, said it now expects to spend $11.5 billion, down from a prior projection of $13.5 billion.

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AT&T posts hefty net loss, customer numbers up

2015-01-28 01:00:00| Total Telecom industry news

U.S. telco talks up changing revenue mix following major acquisitions at home and in Mexico.

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Verizon posts Q4 loss on pension charges, margin pressure

2015-01-22 17:06:00| Telecompaper Headlines

(Telecompaper) Verizon Communications reported fourth-quarter revenues of USD 33.2 billion, up 6.8 percent year-over-year. The US operator posted a net loss of USD 0.54 per share, versus a profit of USD 1.76 a year earlier, due to a number of one-time charges for retirement benefits and financing costs. Excluding these items, EPS rose 7.6 percent year-on-year to USD 0.71. Over the full year, revenues increased 5.4 percent to USD 127.1 billion, helped by new revenues streams from the Internet of Things and telematics, which grew 45 percent to USD 585 million. Free cash flow totalled USD 13.4 billion, after capital expenditures increased 3.5 percent to USD 17.2 billion. For 2015, Verizon targets revenue growth of at least 4 percent and an adjusted EBITDA margin in line with the full-year 2014 performance. Capital spending is projected to increase slightly to USD 17.5-18.0 billion. 

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