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Norfolk Southern Profit Lower on Declining Coal Volumes

2015-01-26 15:48:02| Railroads - Topix.net

Norfolk Southern Corp, the No. 4 U.S. railroad, on Monday reported slightly lower fourth-quarter profit due partly to a 15 percent drop in coal revenue.

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Norfolk Southern 4Q profit flat as coal revenue falls 15 pct

2015-01-26 15:48:01| Railroads - Topix.net

Norfolk Southern Corp. reported its profit was little changed in the fourth quarter from a year ago because the railroad's coal revenue fell 15 percent on weak demand from utilities and export markets. The Norfolk, Virginia, based company said Monday that total volume increased 4 percent but that wasn't enough to offset the coal weakness.

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Diageo's United Spirits stays in red in YTD despite Q3 profit

2015-01-26 14:27:00| Daily beverage news and comment - from just-drinks.com

United Spirits remains in the red in its year to date, but losses have slowed after a healthy rise in Q3 profits, thanks to its premium brands.

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Japan's Marubeni halves profit outlook on oil price slide, Gavilon

2015-01-26 14:06:15| Grocery - Topix.net

Japanese trading house Marubeni Corp on Monday halved its net profit projection for this business year, booking losses on resource assets due to falls in oil, copper and coal prices. It is now forecasting a net profit of 110 billion yen for the year ending in March, compared with its earlier forecast of 220 billion yen.

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Tigerair posts first quarterly profit in over a year

2015-01-26 07:40:15| Airlines - Topix.net

Tigerair made a profit after tax of S$2.2 million for the quarter ended Dec 31, 2014, turning around from a loss after tax of S$118.5 million in the same period a year ago. SINGAPORE: Local budget carrier Tiger Airways Holdings posted its first quarterly profit in over a year on Monday , helped by a cutback in capacity that helped it fill a larger proportion of its seats.

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