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A slump in McDonald's stock drags Dow lower

2013-02-13 23:46:05| Apparel - Topix.net

The Dow Jones industrial average shed 35.79 points to close at 13,982.91. The Dow has gained 6.7 percent this year and is just 182 points below the record close of 14,164 it set in October 2007.

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America Movil Q4 revenues down 1%, margins lower

2013-02-13 08:31:00| Telecompaper Headlines

(Telecompaper) America Movil reported fourth-quarter revenues down 1.1 percent to MXN 198 billion, hurt by the stronger peso. At constant exchange rates, service revenues rose 5.2 percent year-on-year and total revenues were up 5.8 percent, driven by growth in the mobile and pay-TV markets. EBITDA fell 8.0 percent to MXN 61.7 billion or 31.1 percent of sales, hurt by growth in low-margin businesses such as pay-TV and Tracfone and higher subsidies on smartphones. The net profit declined 8.2 percent to MXN 15.0 billion or MXN 0.20 per share. America Movil's net debt rose to MXN 372.2 billion at year-end from MXN 332.1 billion a year earlier due to borrowing to fund its acquisitions of stakes in KPN and Telekom Austria. Capex of MXN 130.9 billion last year was funded from operating cash flow. The company finished the year with 325.7 million access lines, 8.7 percent more than a year before. The mobile customer base grew by 5.6 million in Q4 to 261.6 million, driven by growth in Brazil, Mexico, the US and Colombia. RGUs at the fixed-line business increased by 1.4 million in the quarter to 6.3 million.

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Genscape reports January US coal-fired power generation up 8.9% above January 2012 levels; higher demand with cold-snap, higher gas prices, lower nuclear

2013-02-12 17:30:19| Green Car Congress

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Market Snapshot: Stocks End Lower On Year's Lightest Volume

2013-02-12 04:14:05| Beverages - Topix.net

U.S. stocks finished slightly lower Monday on the lightest volume trading day of 2013, as energy and retail shares underperformed and investors reassessed a rally that's lifted benchmark indexes 6% this year.

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Southwest hasn't led to lower prices yet in ATL

2013-02-11 18:06:07| Airlines - Topix.net

The arrival of Southwest Airlines at Atlanta's airport last winter was greeted with balloons and fanfare amid predictions that the low-cost airline's presence would lead to lower prices.

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