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Levi Strauss Q3 profit hit by charges
2014-10-07 14:43:00| Daily apparel & textile news and comment - from just-style.com
Levi Strauss & Co recorded a double-digit reduction in third quarter profit, thanks to the impact of charges linked to the company's productivity initiative.
Samsung Q3 revenues, profit hit hard by competition
2014-10-07 09:11:00| Telecompaper Headlines
(Telecompaper) Samsung said it expects third quarter revenues to go lower than expected and reach KRW 46-48 trillion and the operating profit KRW 3.9-4.3 trillion, substantially lower than in the second quarter. Samsung attributed the weaker results to declines in the mobile business and intensified smartphone competition, as well as weak seasonal demand for the CE business, including TVs. To secure growth in the mid to long-term, Samsung is preparing new smartphone lineups, with new materials and innovative designs, as well as a series of new mid- to low-end smartphones with strong competitive positioning on both hardware specifications and price. For the fourth quarter, Samsung said it cautiously expects increased shipments of new smartphones and strong seasonal demand for TV products. Uncertainty at the IM business (internet and mobile communications) will continue however into the fourth quarter. In the third quarter, smartphone shipments increased only marginally amid the intense competition, the company said. The operating margin meanwhile fell on the back of higher marketing expenses, related to aggressive promotions and lowered Average Selling Price (ASP). The lower ASP was driven by reduced shipments of high-end models, coupled with price decrease for older smartphone models. The CE business saw revenues fall while at the Memory Business, revenues improved, led by continued strong seasonal demand momentum, including PCs and servers, price stabilisation under tight market supply and demand conditions, and cost reduction thanks to improved process migration. Revenues at the S.LSI and Display Panel Businesses were pulled down by the weaker demand for mobile products.
Solar power market could hit 200GW milestone by year end
2014-10-07 04:54:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: The worldwide solar power industry is set to add the equivalent of five large-scale nuclear power plants in the final quarter of 2014, potentially hitting the 200GW capacity mark by the year end, according to analysts. New research by NPD Solarbuzz published yesterday estimates that global PV installations in quarter four will exceed 19.5GW, taking the annual total to 50GW. As a sign of how strong the market is growing, the installations for the coming quarter alone are likely to surpass the entire...
UK new car sales hit 10-year high
2014-10-06 12:42:25| Auto Dealers - Topix.net
New UK car sales had their strongest September in ten years, boosted by confidence in the economic recovery, the Society of Motor Manufacturers and Traders has said. Sales reached 425,861, up 5.6% on the same time last year, and represented the 31st consecutive monthly increase.
UK new car sales hit 10-year high
2014-10-06 12:11:18| BBC News | Business | UK Edition
New UK car sales had their strongest September in ten years, latest figures from the Society of Motor Manufacturers and Traders show.
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