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Verizon Q1 results, profit fall on pandemic but cash flow still strong

2020-04-24 15:31:00| Telecompaper Headlines

(Telecompaper) Verizon reported lower results for the first quarter, impacted by the coronavirus pandemic and the adoption of a new revenue recognition standard, as well as an increase in bad debt due to crisis. The company said it increased its bad debt reserve in the quarter by USD 288 million based on the number of customers seeking payment relief under the Keep Americans Connected pledge.

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Exxon Mobil Raises $9.5 Billion to Load Up on Cash While Debt Market Still Open

2020-04-14 19:05:00| OGI

Exxon Mobil raised $9.5 billion by selling five different bonds with a variety of durations ranging from five years to 31 years, up from $9 billion which it had originally planned to raise.

Tags: still open market cash

 
 

Oil Jumps After Three-Day Slump But Virus And Oversupply Still Weigh

2020-03-19 14:15:01| OGI

Oil prices bounced nearly 7% on March 19 after a three-day selloff drove them to their lowest in almost two decades as demand plummeted due to the coronavirus and supplies surged in a fight for market share between Russia and Saudi Arabia.

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3 Group customer base falls 5% in 2019, revenues still up 12%

2020-03-19 10:20:00| Telecompaper Headlines

(Telecompaper) CK Hutchison reported 40.6 million active customers at its European mobile operations at the end of 2019, down 5 percent from a year earlier as tough competition in Italy offset growth in other markets. Annual revenues at the 3 Group were still up 12 percent to HKD 87.5 billion and 17 percent higher in local currency thanks to the acquisition of 100 percent of Wind Tre in Italy. 

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Bakken, Rockies Shale: Business Is Different, But Still Viable

2020-02-21 21:00:00| OGI

At DUG Bakken and Rockies, shale executives acknowledge the headwinds, but remained high on optimism about the opportunities in the Powder River Basin, the Bakken and, yes, even Colorado.

Tags: business still viable rockies

 

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