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United States Steel Bonds Drop 4.1% During Trading Analyst
2015-11-14 00:56:48| Steel - Topix.net
An issue of United States Steel bonds fell 4.1% as a percentage of their face value during trading on Friday after Barclays lowered their price target on the stock from $15.00 to $14.00, MarketBeat reports. The high-yield debt issue has a 7.375% coupon and will mature on April 1, 2020.
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Imported diesel car sales in S. Korea drop amid emissions scandal
2015-11-13 21:05:37| Auto Dealers - Topix.net
Sales of imported diesel vehicles in South Korea hit the lowest level in a year in October as customers seem to be shunning diesel models following the worldwide emissions scandal, industry data showed Friday. According to the data by the Korea Automobile Importers and Distributors Association, imported diesel car sales here came to 11,057 units in October, the smallest monthly figure since October last year, when they reached 11,001 units.
US retail sales rise 0.1 pct. in Oct.; restaurant and online spending improve, auto sales drop
2015-11-13 16:01:06| Auto Dealers - Topix.net
Americans ramped up their online shopping and restaurant spending in October, but barely-there inflation kept overall retail sales growth muted. The Commerce Department said Friday that retail sales rose a seasonally adjusted 0.1 per cent last month, after being unchanged in September and August.
Weekly Cattle Market Wrap-Up | Prices decline on heels of massive CME drop
2015-11-12 18:11:00| Beef
Feeder cattle prices declined on the heels of the massive declines on the CME. Buyers continue to stick very close to their ability to hedge cattle. Yearling feeder cattle $5-16 lower and calves $12-24 lower. However, they actually saw some improvement at times in recent weeks due to aggressive bidding and excellent wheat pasture conditions. Audio File: Beef Mag fdr ctl and cow audio 2015 11 12.mp3 read more
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Oi sees 3.3% drop in Q3 revenues
2015-11-12 17:12:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi reported BRL 6.51 billion in third-quarter revenues, down 3.3 percent year-on-year. The company was hurt by the reduction in mobile termination rates and outsourcing its handset operations. EBITDA improved 10.6 percent to BRL 1.74 billion, as a result of the continued focus on cost efficiency and profitability of the existing customer base. Operating costs fell 7.5 percent to BRL 4.78 billion, helping the EBITDA margin improve 3.4 percent to 26.7 percent. Capex was BRL 950 million, down by a third from the year-earlier period, of which 85.6 percent was directed to the network. Net customer revenues (excluding handset sales and revenues from network usage) reached BRL 6.07 billion, an increase of 0.9 percent. In mobile market, customer revenues rose 8.1 percent year-on-year to BRL 1.78 billion, driven by the increase of 52.8 percent in data revenues (including VAS). Oi also highlighted the increase in its residential ARPU, up 8.3 percent to BRL 79.50. The total customer base was still 4.3 percent lower year-on-year at 71.84 million at the end of September. This included a 5.0 percent drop in residential customers to 16.5 million, 3.9 percent fall in mobile to 47.06 million, and 5.0 percent drop in business subscribers to 7.60 million. In the residential segment, the number of fixed line customers fell 8.2 percent to 10.22 million, broadband customers were down 2 percent to 5.13 million, and pay-TV customers grew 13.4 percent to 1.17 million.
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