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Narrow and Flawed, Federal Pipeline Safety Study Fails to Settle Controversy
2013-06-26 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
InsideClimate: Diluted bitumen, a controversial form of heavy Canadian oil, poses no more risks to pipelines than conventional oil, according to a long-awaited report released Tuesday by the National Academy of Sciences. But environmentalists and pipeline watchdogs said the study's scope was so narrow and its methodology so flawed that it does little to settle the controversy over whether diluted bitumen, or dilbit, is more dangerous to humans and the environment than the light, conventional crude oil that most...
Tags: study
safety
narrow
federal
Alcatel-Lucent to narrow focus, boost cash under new plan
2013-06-19 09:22:00| Telecompaper Headlines
(Telecompaper) Alcatel-Lucent's new CEO Michel Combes has announced his strategic plans for the company. Termed 'The Shift Plan', the three-year strategy will re-focus the company on IP networking and ultra-broadband access. Alcatel-Lucent will work more on co-development with partners and customers in these areas and significantly reduce spending on its other product lines. Under the new strategy, certain key businesses in wireless, fixed access and other areas will be managed with a focus on cash generation, in order to open up opportunities for investing in new technologies such as LTE, vectoring and FTTx. Overall the Core Networking activities are expected grow by more than 15 percent, from EUR 6.1 billion in 2012 to over EUR 7 billion in 2015, while the operating margin increases from 2.4 percent to more than 12.5 percent over the same period. Additional cost reductions of EUR 1 billion on SG&A and operational efficiencies are targeted, as well as EUR 1 billion in proceeds from selling assets. The CEO also plans a refinancing of EUR 2 billion debt in the near term, followed by a debt reduction of EUR 2 billion once the Shift Plan has started paying off. Overall the plan is expected to be self-financing, with no need to raise additional debt or capital. Alcatel-Lucent also announced the appointment of Philippe Guillemot, the former CEO of nuclear energy group Areva T&D, as Senior Executive Vice President, Operations.
FedEx Meandering In A Narrow Range Ahead Of 4Q Earnings; Key Catalyst Will Be 2014 Guidance
2013-06-18 16:20:31| Air Courier - Topix.net
Overview FedEx is scheduled to report 4Q 2013 earnings before the bell on Wednesday, June 19. The results are typically disseminated at 7:30 a.m. EST and will follow with a conference call at 8:30 a.m. Results from FedEx are widely seen as a proxy for economic growth and tend to heavily influence the broader market gauges, including the equity ... (more)
CANADA: Hudson's Bay Q1 losses narrow on sales growth
2013-06-13 15:19:00| Daily apparel & textile news and comment - from just-style.com
Canadian department store retailer Hudson's Bay has seen its first-quarter losses narrow to CAD80.7m (US$79.4m) for the 13 weeks to 4 May, boosted by strong sales at its namesake stores growth as well as improved gross profit and operating expenses.
Tags: canada
sales
growth
narrow
US: Frederick's of Hollywood losses narrow despite declining sales
2013-06-12 16:04:00| Daily apparel & textile news and comment - from just-style.com
US based lingerie company Frederick's of Hollywood saw net losses narrow during the third quarter, despite falling sales and declining margins.
Tags: sales
narrow
hollywood
losses
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