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Stocks mostly lower as oil sinks, Europe struggles
2014-10-27 20:48:14| Energy - Topix.net
Energy companies led U.S. stocks lower Monday as the price of oil languished around $80 a barrel and more disappointing economic news came out of Europe. Goldman Sachs lowered its outlook for crude prices and a report on business confidence in Germany, Europe's largest economy, showed a sixth straight month of declines.
Stocks mostly lower as oil sinks, Europe struggles
2014-10-27 19:04:35| Oil & Gas - Topix.net
Energy companies led U.S. stocks lower Monday as the price of oil languished around $80 a barrel and more disappointing economic news came out of Europe. Goldman Sachs lowered its outlook for crude prices and a report on business confidence in Germany, Europe's largest economy, showed a sixth straight month of declines.
Microsoft quarterly profit lower on restructuring costs
2014-10-24 08:39:00| Telecompaper Headlines
(Telecompaper) Microsoft reported a 13 percent fall in earnings for its fiscal first quarter to September to USD 0.54 per share, hurt by restructuring charges for its earlier announced job cuts and the integration of Nokia's handset operations. The USD 1.14 billion in restructuring charges took USD 0.11 per share off earnings, the company said. Revenues were still up to USD 23.2 billion from USD 18.5 billion a year ago, thanks to the acquisition of the mobile phone business, and gross profit increased 12 percent to USD 14.9 billion.
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Shaw profit up 64% on lower costs
2014-10-23 18:39:57| Telecom - Topix.net
Shaw Communications Inc. says it had profit of $192 million or 40 cents per share in fourth quarter, an increase of 64 per cent. The Calgary-based telecommunications and media company said it had cut costs in the quarter, including lower amortization and interest expenses.
Australian market set to open lower
2014-10-23 16:04:11| Oil & Gas - Topix.net
THE Australian market looks set to open lower following falls on Wall Street with investors still nervous after the volatility of the past few weeks. Locally, in economic news on Thursday, Reserve Bank of Australia governor Glenn Stevens is scheduled to address the annual general meeting of the Australian Payments and Clearing Association in Sydney.
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