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Tax charge for Bayern Munich chief
2013-07-30 16:58:43| BBC News | Business | UK Edition
German prosecutors charge the president of European champions Bayern Munich, Uli Hoeness, with tax evasion after a lengthy inquiry.
Alcatel-Lucent posts Q2 loss on impairment charge
2013-07-30 09:09:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent reported a net loss of EUR 885 million for the second quarter, after a EUR 552 million writedown. The impairment charge follows a review of assets as part of the company's 'Shift Plan', announced by new CEO Michel Combes in June. He said the planned cost reductions and debt refinancing under the plan were on track to meet the company's full-year targets. The net result in Q2 also included EUR 194 million in restructuring charges. Excluding the one-time items, the company posted an adjusted operating profit of EUR 46 million or 1.3 percent of sales. Its gross margin improved to 31.9 percent from 31.8 percent in the year-ago quarter and 29.4 percent in the first quarter 2013. Revenues were up 1.9 percent year-on-year to EUR 3.612 billion, supported by strong growth in the IP division. The company's cash flow was still a negative EUR 248 million, due to restructuring costs and changes in working capital. Combes said "cash remains a challenge" and the company will continue to look for opportunities to reschedule its debt to later years. Net debt swelled to EUR 794 million at the end of June, from EUR 358 million in March, due to higher working capital on an increase in inventories, restructuring charges and contributions to pensions and capex. The debt refinancing in recent months has reduced the amount owed before 2016 by in total EUR 450 million.
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UK Police Charge 12 Anti-Fracking Protesters
2013-07-27 09:15:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: British police say 12 people have been charged with a variety of offenses in relation to ongoing protests over shale gas extraction in southern England. Surrey Police said Saturday that they have made two further arrests on top of the 16 a day earlier, of whom 12 are facing charges. The charges range from assault on police to preventing drivers and workers from entering a test-drilling site. The protesters are campaigning against the extraction of gas by hydraulic fracturing, known as fracking....
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Crave Ep. 129: Charge your gadgets with pee
2013-07-20 00:44:06| CNET News.com
On this week's Crave, scientists recharge devices with pee power, air guitar gets a boost with LEDs, and a small Colorado town wants to issue "drone hunting" licenses. Yup. [Read more]
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gadgets
crave
pee
Sexual battery charge dropped for military officer
2013-07-18 22:55:17| Energy - Topix.net
Detroit on Thursday became the largest city in U.S. history to file for bankruptcy, as the state-appointed emergency manager filed for Chapter 9 protection.
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