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US consumer spending slips in December as auto sales weaken
2015-02-02 15:19:32| Auto Dealers - Topix.net
U.S. consumer spending slipped in December, as the pace of motor vehicle sales slowed and more Americans saved their money. The Commerce Department said Monday that consumer spending fell 0.3 percent in December, compared to a 0.5 percent increase in November.
Tags: december
auto
sales
consumer
Consumer Spending Slips as Auto Sales Weaken
2015-02-02 15:19:31| Auto Dealers - Topix.net
U.S. consumer spending slipped in December, as the pace of motor vehicle sales slowed and more Americans saved their money. The Commerce Department says consumer spending fell 0.3 percent in December, compared to a 0.5 percent increase in November.
Tags: auto
sales
consumer
spending
BT quarterly revenue slips 3 percent to GBP 4.48 billion
2015-01-30 09:29:00| Telecompaper Headlines
(Telecompaper) BT reported a revenue down 3 percent to GBP 4.48 billion in its third quarter to the end of December 2014, thanks to a good performance at BT Consumer. The company added a net 119,000 retail broadband customers in the period, in large part driven by its BT Sport and ESPN channels. The third quarter also saw Openreach achieve record growth in the number of landlines, with all major ISPs responding to market demand for fibre. Capital expenditure rose by 3 percent to GBP 599 million. BT said its fibre network now covers three quarters of the UK and the company will launch large-scale pilots of G.fast this summer. CEO Gavin Patterson said the company expects to be able to deliver ultrafast broadband at up to 500 Mbps to most of the country by 2025. EBITA rose by 2 percent to GBP 1.57 billion, with adjusted earnings per share up 10 percent to GBP 0.08. By business unit, BT Global Services' EBITDA was down 10 percent to GBP 261 million on revenue down 8 percent to GBP 1.69 billion. BT Business's EBITDA rose 4 percent to GBP 266 million on revenue down 2 percent to GBP 789 million. BT Consumer's EBITDA rose by 43 percent to GBP 251 million on revenue up 7 percent to GBP 1.08 billion, BT Wholesale's EBITDA fell 7 percent to GBP 136 million on revenue down 10 percent to GBP 532 million. Openreach's EBITDA slipped 1 percent to GBP 651 million on revenue also down 1 percent to GBP 1.26 billion. BT, which is expected to sell bonds to finance its acquisition of mobile operator EE, reaffirmed its previously announced outlook. The group expects underlying revenue excluding transit in 2014/15 to be broadly level with 2013/14 with growth in 2015/16. Adjusted EBITDA guidance is GBP 6.2-6.3 billion in 2014/15 with further growth in 2015/16. Normalised free cash flow is expected to be more than GBP 2.6 billion this year and to grow next year.
Tags: percent
revenue
billion
quarterly
Microsoft profit slips as revenues get boost from cloud
2015-01-27 09:20:00| Telecompaper Headlines
(Telecompaper) Microsoft revenue for the quarter to December rose to USD 26.5 billion from 24.5 billion the year before, with particularly strong growth again from commercial cloud services. Operating profit slipped to USD 7.8 billion from 7.97 billion, and diluted earnings per share went a bit lower to USD 0.71 from 0.78 the year earlier. The results include USD 243 million worth of integration and restructuring costs, or a USD 0.02 per share negative impact, related to both Microsoft's restructuring plan announced in July and the ongoing integration of the Nokia phone business. Devices and Consumer revenue grew 8 percent to USD 12.9 billion, led by Surface tablet revenue up 24 percent to USD 1.1 billion. Phone Hardware revenue reached USD 2.3 billion, with 10.5 million Lumia units sold. Office 365 Home and Personal subscribers increased to over 9.2 million, up 30 percent from the previous quarter. Xbox console sales totaled 6.6 million units, after a strong holiday season performance. Commercial revenue grew 5 percent to USD 13.3 billion, driven by commercial cloud revenue surging 114 percent from the year before, with an annualised revenue run rate of USD 5.5 billion.
Tags: microsoft
profit
cloud
boost
TSX adds to losses as oil slips further
2015-01-12 18:11:34| Energy - Topix.net
The Toronto stock market plunged well over 200 points mid-morning Monday, led by another sizable loss in energy stocks amid a pricing forecast from investment bank Goldman Sachs that forecast further big declines in oil prices. The S&P/TSX composite index fell 237.46 points to 14,147.46 with the energy sector down almost five per cent.
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