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Rumored Sony i1 could rule the Android roost this fall
2013-05-10 00:38:23| CNET News.com
Early details for the upcoming Sony smartphone suggest one of the most powerful Androids to date. [Read more]
Sappi profits fall 88%
2013-05-09 10:49:10| Paper - Topix.net
Sappi, the world's biggest maker of glossy paper, said second-quarter net income fell 88 percent as sales in Europe, its main market, weakened.
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profits fall
Telecom Italia net profit down sharply, sales fall 8% in Q1
2013-05-09 09:34:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported first-quarter revenues down 8.1 percent year-on-year to EUR 6.796 billion. Domestic revenues fell 10.1 percent to EUR 4.024 billion, and revenues from Brazil and Argentina were dampened by negative currency effects. EBITDA declined 10.1 percent to EUR 2.672 billion, and the margin dropped to 39.3 percent from 40.2 a year ago, hurt by a larger share of business from South America, where margins are lower, and higher smartphone sales. Net profit dropped to EUR 364 million from EUR 605 million in the year-earlier period. Capex fell slightly to EUR 878 million, and operating cash flow plunged to EUR 137 million from EUR 626 million a year ago, hurt by accumulated payments for the previous quarter. This led to an increase in adjusted net debt to EUR 28.77 billion from EUR 28.27 billion at the end of December. The operator still targets debt of less than EUR 27 billion by year-end, as well as flat revenues and a low-single digit percentage drop in EBITDA this year. In addition, the company approved the partial spin-off of its carrier services division Telecom Italia Sparkle, expected to be completed by the third quarter.
Beer drone? Festival goers may see booze fall from the sky
2013-05-09 02:30:01| CNET News.com
This summer, beers will fly -- and get delivered to thirsty music fans in South Africa. [Read more]
VIDEO: Manchester United shares fall in US
2013-05-08 18:48:05| BBC News | Business | UK Edition
Manchester United's shares have fallen in New York amid concerns about the impact of Sir Alex Ferguson's retirement.
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