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BSE Sensex ends 243 pts lower; Tata Motors, ICICI Bank shares fall
2014-08-06 19:17:53| Automakers - Topix.net
Hire a good contractor and, based on what you have seen of other houses, draw up a rough sketch of what you want and give it to the contractor... Logging the first drop in three days, the BSE benchmark Sensex today slumped 243 points led by losses in ITC, ICICI Bank and Tata Motors shares in line with weak global cues amid worries the conflict in ... (more)
Chesapeakes Profit Falls Due To Lower Gas Prices
2014-08-06 17:01:00| OGI
The company has nine Buy, 24 Hold and two Sell ratings from analysts, Bloomberg said.
US: Lower shoe sales hit Weyco in Q2
2014-08-06 11:23:00| Daily apparel & textile news and comment - from just-style.com
Sales fell and earnings remained flat for US footwear business Weyco in the second quarter shoe sales declined.
Telecom Italia H1 sales continue lower, eyes Brazil options
2014-08-06 09:30:00| Telecompaper Headlines
(Telecompaper) Telecom Italia reported first-half revenues down 11.2 percent to EUR 10.55 billion, hurt by divestments and continued weakness in its home market. EBITDA dropped 7.6 percent to EUR 4.345 billion, while the margin improved to 41.2 percent from 39.5 a year ago. On an organic basis, excluding currency effects and changes in scope, revenues fell 6.5 percent and EBITDA was down 5.6 percent. The Italian operator's net result improved to EUR 543 million profit from a loss of EUR 1.407 billion a year ago when the company wrote down the value of some assets. Capex fell slightly to EUR 1.707 billion or 16.2 percent of revenue. Net debt was down by EUR 171 million in the second quarter to EUR 27.358 billion at the end of June. The company said results were in line with its mid-term outlook and the Italian market is expected to contract less this year than in 2013. Profitability will be under pressure in the near term from the ongoing shift to bundled plans, as well as competition and price pressure on the fixed market. Telecom Italia also acknowledged indirectly Telefonica's proposed bid for GVT in Brazil and said it continues to evaluate strategic options for its own activities in Brazil.
Tags: options
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lower
UPDATE 2-Loews profit halves due to lower Diamond Offshore earnings
2014-08-04 18:27:24| Oil & Gas - Topix.net
Hotel, energy and financial services conglomerate Loews Corp reported a lower-than-expected quarterly profit, hurt by a drop in profit at its second-biggest subsidiary, Diamond Offshore Drilling Inc. Net income attributable to Loews, controlled by New York's Tisch family, fell 57 percent to $116 million, or 30 cents per share, in the second quarter ... (more)
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