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Blackberry posts profit for quarter

2015-03-27 14:44:53| BBC News | Business | UK Edition

Canadian mobile phone firm Blackberry posts better-than-expected fourth quarter earnings. but its revenues showed a larger-than-expected drop.

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Commodity trader Louis Dreyfus posts higher 2014 profit

2015-03-26 12:32:05| Agriculture - Topix.net

Global trading group Louis Dreyfus Commodities B.V. reported a rise in full-year profit on Thursday as increased volumes and healthy processing margins helped offset lower market prices. Louis Dreyfus is one of the "ABCD" quartet of companies -alongside Archer Daniels Midland, Bunge and Cargill - that dominates agricultural commodity trading.

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Nike Posts Strong Quarter; Ups Digital Ad Spending

2015-03-20 22:47:43| Apparel - Topix.net

Fed by especially strong demand in North America, Nike posted stronger-than-expected results for its fiscal third quarter, and increased spending on digital brand marketing and sports marketing. The Beaverton, Ore.-based company says revenues for Nike Inc. climbed 7% for the period to $7.5 billion, a 13% jump on a currency-neutral basis.

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Telecom Italia posts EUR 1.35 bln profit, first since 2010

2015-03-20 09:18:00| Telecompaper Headlines

(Telecompaper) Telecom Italia reported a net income of EUR 1.35 billion in 2014, up from a EUR 674 million loss the previous year, in what was its first profit since 2010. All other financial results for 2014 were published last month to coincide with the launch of its 2015-2017 business plan to modernise its fixed and mobile broadband networks. The company's full-year revenues were down 7.8 percent to EUR 21.57 billion, a slight improvement on the previous year's fall of 9.1 percent, with EBITDA falling by 7.9 percent to EUR 8.79 billion. At the board meeting ratifying its full-year results, the company also announced that it would be launching a bond of up to EUR 2 billion bond on 20 March, with the final conversion price yet to be confirmed. The bond settlement is expected to take place on 26 March and the proceeds will be used to refinance Telecom Italia's existing net debt of EUR 26.7 billion. Looking ahead, the company said traditional services such as access and voice would continue to fall, but would be partly offset by revenues from innovative services due to the increasing demand for connectivity and digital services. Telecom Italia's CEO Marco Patuano said: "The positive trend of our business in the early months of 2015 is in line with goals we previously set and shows the company is on the right path."

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What to Expect When Nike (NKE) Posts Earnings Thursday Afternoon

2015-03-19 16:35:49| Footwear - Topix.net

For the quarter, analysts are expecting Nike to report earnings of 84 cents per share, higher than the 76 cents it posted a year ago. Revenue is expected by analysts to come in at $7.62 billion for the period, also up from the $6.97 billion Nike reported in the same quarter of last year.

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