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Amended Charges Against Judge Accused of Perjury, Elder Theft From Berkeley Neighbor
2013-03-03 07:16:04| IT Services - Topix.net
By Bay City News Service Amended charges that could result in a slightly stiffer prison term were filed Friday against an Alameda County Superior Court judge who's accused of stealing at least $1.6 million from a 97-year-old neighbor in the Berkeley Hills over the course of more than a decade.
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Lawsuit charges weigh on Bayer profits again
2013-02-28 13:03:14| Chemicals - Topix.net
The German company said Thursday it made a net profit of 374 million during the period, compared with 397 million the previous year.
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Lawsuit charges weigh on Bayer profits again
2013-02-28 11:32:22| Biotech - Topix.net
Charges for lawsuits over its birth control pills weighed on Bayer AG's earnings once again during the fourth quarter of 2012.
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Telefonica net profit falls 82% in Q4 on impairment charges
2013-02-28 08:25:00| Telecompaper Headlines
(Telecompaper) Telefonica reported net profit of EUR 473 million for the fourth quarter of 2012, down 82.3 percent from the year-earlier period. The result included an impairment charge of EUR 949 million on its stake in the Telco shareholding in Telecom Italia, a Telefonica Ireland impairment of EUR 513 million and the effect of the Venezuelan Bolivar devaluation, at EUR 417 million. OIBDA fell 8.6 percent to EUR 5.45 billion, and the margin was down 2.5 percent points to 34.4 percent. Revenues were down 2.0 percent to EUR 15.84 billion. Debt reduction accelerated in the last quarter, with net down by EUR 4.75 billion over the three months to EUR 51.26 billion. Telefonica met its target for net debt of less than 2.46 times EBITDA, with a ratio of 2.36 at year-end. With annual revenues down 0.8 percent, the operator did not quite meet its target for flat sales in 2012, but Telefonica said it expects a return to revenue growth in 2013. The decline in EBITDA margin should also be smaller this year than last year's 1.9 percent point drop. Capex is forecast similar to last year's 14.2 percent of revenues, and net debt is expected to drop below EUR 47 billion by the end of 2013. Telefonica reiterated it will restore its cash dividend in 2013, at EUR 0.75 per share.
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Mexico arrests Elba Esther Gordillo, powerful teachers union boss, on corruption charges
2013-02-27 06:24:53| Biotech - Topix.net
Attorney General Jesus Murillo Karam accused Gordillo and her top aides of misusing more than 2.6 billion pesos – the equivalent of slightly more than $200 million – in union money.
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