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Ericsson posts Q4 loss on ST-Ericsson charges, sales up 5%
2013-01-31 08:50:00| Telecompaper Headlines
(Telecompaper) Ericsson reported a net loss for the fourth quarter, hurt by charges for its planned exit of the ST-Ericsson venture, while sales at the network equipment maker improved. Revenues were up 5 percent from a year earlier and 23 percent higher versus the third quarter at SEK 66.9 billion. Operating profit excluding joint ventures rose 17 percent year-on-year to SEK 4.8 billion, helping the margin improve to 7.1 percent from 6.4. The net result was a loss of SEK 6.3 billion, which includes SEK 8.0 billion in charges for ST-Ericsson and SEK 0.5 billion for a reduction in deferred tax assets due to the cut in tax rates in Sweden. Ericsson improved operating cash flow to SEK 15.7 billion in the quarter and finished the year with total cash of SEK 38.5 billion. The company raised its dividend for 2012 to SEK 2.75 per share from SEK 2.50 a year ago.
CP Rail earnings hammered by restructuring charges
2013-01-29 17:41:17| Railroads - Topix.net
CP is in the midst of a dramatic restructuring of its operations led by Mr. Harrison, who was appointed CEO last summer after a lengthy proxy battle led by Bill Ackman's Pershing Square Capital Management.
Tags: charges
earnings
rail
restructuring
Followup: Charges dropped against one of those involved in Texas college shooting
2013-01-28 19:34:00| American School & University
Three were wounded at Lone Star College near Houston. Schoolhouse Beat read more
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involved
texas
charges
Tax advice call charges to be cut
2013-01-28 18:36:38| BBC News | Business | UK Edition
Taxpayers calling the UK tax authority for advice will no longer need to use a costly 0845 number by the end of the summer, MPs are told.
Contractor Pleads Guilty to False Documents Charges
2013-01-28 10:11:18| Waste Management - Topix.net
The Texas Commission on Environmental Quality has announced that Champion Dirt Inc.
Tags: documents
charges
false
contractor
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