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Oil prices fall as investors' hope fades in output freeze proposal

2016-03-29 01:00:00| Offshore Technology

Oil prices have dropped due to investors being worried that proposals to cut production may not happen.

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Oi revenues fall 8.5% in Q4, no guidance for 2016

2016-03-24 16:35:00| Telecompaper Headlines

(Telecompaper) Brazilian operator Oi ended the fourth quarter of 2015 with BRL 6.70 billion of net revenues, down 8.5 percent on the same period in 2014. EBITDA dropped 46.6 percent to BRL 1.71 billion, and the EBITDA margin fell to 25.5 percent. Recurring EBITDA was down only 2.2 percent to BRL 1.79 billion, for a margin of 26.8 percent. Oi's net loss swelled to BRL 4.55 billion, and net debt increased 24.8 percent over the year to BRL 38.15 billion. Capex dropped 2 percent to BRL 1.08 billion. Oi said it will not provide guidance for 2016 results due to the macroeconomic instability in Brazil. 

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Western and Tri-State Host Fall Protection Symposium May 17-18

2016-03-23 17:07:00| Transmission & Distribution World

Western Area Power Administration and Tri-State Generation and Transmission Association will host the second Fall Protection Symposium, May 17-18, in Loveland, Colorado. The event, which brings together industry leaders and manufacturers of safety equipment, will feature interactive presentations related to transmission, substation and communication structures. T&D World's The Briefing Room read more

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Oak Ridge's Poletop Rescue and Fall Protection Training

2016-03-23 16:51:00| Transmission & Distribution World

Oak Ridge National Laboratorys team of veteran linemen test out harnesses and learn pole-top rescue techniques. read more

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TCL Communication sees Q4 sales fall 23%

2016-03-23 11:06:00| Telecompaper Headlines

(Telecompaper) TCL Communication Technology reported a fall in revenues and profits for 2015, as weak economic conditions and fluctuating exchange rates hit results towards the end of the year. Revenues were down 23 percent year-on-year to HKD 8.275 billion in the fourth quarter, led by drops of nearly 80 percent in China and the rest of Asia. In the company's biggest market Latin America, sales fell 15 percent to HKD 2.943 billion. Over the full year, revenues dropped 7 percent to HKD 28.558 billion, and net profit declined 5 percent to HKD 1.057 billion. Device shipments were still up 9 percent in 2015 to 80.0 million units, and smartphone shipments rose 7 percent to 44.5 million. However, smartphone growth slowed and better-than-expected feature phone sales led to a drop in the average selling price for the group to USD 46.0 from USD 53.5 in 2014. 

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