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Chart Industries, Inc. Makes Progress in 2015, Ready to Ride Out the Downturn

2016-02-27 15:25:22| Industrial Machines - Topix.net

Chart Industries, reported fourth quarter and full-year 2015 earnings on Feb. 25, and the best way to sum it up is that 2015 was a year of transition, where the company largely focused on reducing costs, and positioning itself to ride out the down cycle in several of the industries it supplies, and be ready when the market turns again. It's worth noting that Chart's significant GAAP loss in the fourth quarter and full year was a result of $253.5 million in non-cash asset and goodwill impairment charges, not a cash loss.

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Downturn in video spending correlates with Netflix availability

2016-02-24 18:00:37| Digital TV News

IHS (NYSE: IHS) has announced findings from its report measuring spend on movies and TV shows. According to the report, there is a clear correlation between the launch of Netflix and a decline in video spending.

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Imperial Oil: Solid In A Downturn, But What About A Rebound?

2016-02-22 06:48:51| Oil & Gas - Topix.net

Imperial Oil is an integrated Canadian energy company, in effect Exxon Mobil's 69.6%-owned Canadian subsidiary. During the continued oil price decline, at least in comparison with other producers, it has not done badly, partly because its size, balance sheet and huge parent have made it appear to be among the "safer" bets, and partly because the support it has received from its downstream operations has offset the declining returns on production.

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January Price Patterns More Seasonal than Starting Downturn

2016-02-11 07:17:06| AutomotiveDigest.com - Automotive Industry News

Tom Webb Chief Economist Cox Automotive Vehicle supply is increasing as much as was expected, but wholesale used vehicle values were more affected by seasonal patterns than oversupply from off-lease and off-rental returns. Dealers continued to see a softening in used vehicle gross margins that became clear in Q4 of last year. Dealers have been […] The Article January Price Patterns More Seasonal than Starting Downturn appeared first on Automotive Digest.

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Weatherford Cutting 6,000 More Jobs as Oil Downturn Worsens

2016-02-04 21:08:36| Oil & Gas - Topix.net

Weatherford International Plc plans to lay off an additional 6,000 workers, about 15 percent of its workforce, over the first half of this year to cope with the worst crude market downturn in 30 years. The latest round of cuts brings to 20,000 the number of people who have been or will be let go by the world's fourth- largest oilfield services supplier as oil prices tumbled by more than two thirds.

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