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Ericsson announces SEK 1 bln write-down for 5G inventory in China in Q2

2020-06-08 09:32:00| Telecompaper Headlines

(Telecompaper) Ericsson said it will write down approximately SEK 1 billion worth of pre-commercial product inventory for the Chinese markets in the second quarter. This will be reported under the Networks segment and will affect the gross margin. The vendor still maintains its financial targets for 2020 and 2022.

Tags: in china inventory ericsson

Duties collected on US textile imports jump 68% in Q2

2020-05-29 14:58:00| Daily apparel & textile news and comment - from just-style.com

The latest Textile Enforcement Statistics released by US Customs and Border Protection (CBP) show a 68% hike in duties collected on textile and apparel products imported into the US in the second quarter of fiscal year 2020.

Tags: jump collected duties imports

IHS Markit: global oil production now expected to be cut by as much as 17 MMb/d in Q2 2020; the Great Shut-In

2020-05-09 11:56:11| Green Car Congress

Tags: the great global production

Coca-Cola Consolidated Q1 2020 - sales rise 6.4%, "significant shift" in Q2 - results data

2020-05-07 19:37:00| Daily beverage news and comment - from just-drinks.com

Coca-Cola Consolidated was one of the beneficiaries of pantry loading in the US in March, with Q1 volumes growing almost as fast as sales for the bottler.

Tags: results data sales significant