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Tag: fall
Oil price fall 'not Opec's fault'
2014-12-21 21:54:12| BBC News | Business | UK Edition
Oil-rich Gulf states vow not to cut crude production, blaming speculators and producers outside the Opec group for falling prices.
Chinese buyers fall in love with Seattle real estate
2014-12-21 07:15:10| Real Estate - Topix.net
Savvy Seattle-area real estate agents have gained an advantage by paying attention to the growing connections between China and Washington state. "I'm so glad my mother made me study Chinese," laughed property broker Janie Lee, after showing a client from Beijing a US$4 million home in the suburb of Medina.
Buffett's Backup Stock Pickers Stumble as GM, Energy Bets Fall
2014-12-20 17:15:51| Industrial Machines - Topix.net
At least half a dozen stocks that Ted Weschler and Todd Combs probably picked for Berkshire Hathaway Inc.'s portfolio are poised to end the year lower than where they started. They include energy companies that have slumped with oil prices; automaker General Motors Co., which has struggled with recalls; and Chicago Bridge & Iron Co., an engineering and construction firm that's down more than 50 percent since Dec. 31. "It appears, on first glance, that Todd and Ted have underperformed the S&P 500 this year," said David Kass, a professor at the University of Maryland's Robert H. Smith School of Business who has studied Berkshire's portfolio.
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Blackberry narrows loss as Q3 revenues fall to USD 793 mln
2014-12-19 15:53:00| Telecompaper Headlines
(Telecompaper) BlackBerry said revenues for its third quarter to 29 November fell to USD 793 million from 1.2 billion the year before. Hardware contributed 46 percent to revenues, services accounted for another 46 percent and software for 8 percent. Hardware revenue was recognised on 2 million BlackBerry smartphones. The company sold a total of 1.9 million smartphones to end customers. The net loss narrowed to USD 148 million or USD 0.28 per share, from a loss the year before of 332 million or 0.63 per share. The non-GAAP net result went to a profit of USD 6 million or USD 0.01 per share, from a loss the year earlier of 0.02 per share. At the end of fiscal Q3, the company had total cash, cash equivalents, short-term and long-term investments of USD 3.1 billion, up by USD 43 million from the previous quarter. The EZ Pass Program resulted in a total of 6.8 million licenses issued for BES10, a 100 percent increase from fiscal Q2, with over 30 percent of total licenses traded in from competitor Mobile Device Management platforms. Going forward, Blackberry expects to maintain its strong cash position, while increasingly looking for opportunities to prudently invest in growth. The company continues to anticipate break-even or better cash flow from operations. As it expands distribution capability, the company continues to target sustainable non-GAAP profitability some time in fiscal 2016.
Worthington results disappoint; shares fall
2014-12-18 22:11:16| Industrial Machines - Topix.net
Worthington Industries' disappointing results for the company's vehicle-cabs business and problems in its sales to the oil and gas industry took a toll on its stock today. The share price is down about 13 percent as of midafternoon, going against the tide of major-market indices that have increased today.
Tags: results
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