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E.ON reports record group losses as prepares to hive off fossil fuel business
2015-03-12 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: E.ON, the German power group and one of the UKs big six energy suppliers, has reported record annual losses as it prepares to unveil details of how it will hive off its troubled fossil fuel business. The company blamed plunging wholesale electricity prices and very low oil prices for the EUR3.2bn deficit, which is more than 50% bigger than the loss recorded 12 months earlier. Profits from the UK supply business remained steady at just under 300m but its revenues dropped by 600m. E.ON...
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Deere & Co. Prepares for Largest Revenue Drop Ever
2015-02-26 22:51:04| Industrial Machines - Topix.net
The chairman and CEO of Deere & Co. says it's preparing for the largest single-year sales drop in its 178-year history.
Tags: ever
largest
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Ally CEO prepares to boost subprime auto lending, cope with loss of GM
2015-02-20 21:33:43| Automakers - Topix.net
Jeffrey Brown says he's keeping his cool about losing business from General Motors Co.
Ally CEO prepares to boost subprime auto lending, cope with loss of GM
2015-02-20 20:22:51| Auto Dealers - Topix.net
Brown, the new Charlotte-based CEO at Ally Financial Inc. , told the news service that eventually losing the remaining exclusive leasing deals with GM is a "planning assumption we've got today." GM has recently begun bringing new-vehicle finance operations back in-house for most of its brands, under the GM Financial wing.
Peoria uneasy as Caterpillar prepares to reveal plans
2015-02-20 18:33:03| Agriculture - Topix.net
Peoria's Riverfront Museum, situated in the Warehouse District of Peoria, is one of the first signs of redevelopment in town. Peoria's Riverfront Museum, situated in the Warehouse District of Peoria, is one of the first signs of redevelopment in town.
Tags: plans
reveal
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