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Showing posts from August 2, 2014

REFILE UPDATE 1-Cogeco Cable profit falls on impairment charges

Cogeco Cable Inc, a Canadian cable TV, Internet and phone services provider, reported a lower third-quarter profit as its unit Cogeco Cable Canada booked impairment charges during the period. Net profit fell to C$35.5 million ($33.3 million) or C$0.72 per share, for the quarter ended May 31, from C$48.1 million, or C$0.98 per share, a year earlier. Cogeco Cable Canada recognized an impairment charge of $32.2 million related to an Internet Protocol Television project. The Montreal-based company's Canadian cable services unit lost 8,021 cable customers, while 1,433 telephone customers canceled their services in the quarter. The U.S. cable services unit of the company lost 1599 cable customers, while it added 733 new telephone customers during the quarter. Revenue rose by 6.9 percent to $496.4 million. Owned by media and telecommunications company Cogeco Inc , Cogeco Cable competes with Rogers Communications Inc , Telus Corp and BCE Inc. ($1 = 1.0648 Canadian Dollars) (Repor

Apple targets rising water use, production partners' emissions

Apple Inc acknowledged on Wednesday it needs to address manufacturing partners' carbon emissions and its own rising water consumption, though the iPhone maker said it had cut back sharply on greenhouse gas output. _0"> Apple last year hired former Environmental Protection Agency chief Lisa Jackson to push cleaner initiatives, amid past criticism over its emissions and use of toxic materials. Observers say it has improved its practices and earned better scores from groups such as Greenpeace. On Wednesday, Apple released its 2014 environmental responsibility report, saying investments in renewable energy helped slash its carbon footprint from energy use by 31 percent from fiscal 2011 to fiscal 2013. That's despite power consumption soaring 44 percent over the same period. ( here ) But the company, which is building its future main campus not far from its current base in Silicon Valley, said water usage had spiked as a result of general construction and expansion. It

REFILE UPDATE 1-Cogeco Cable profit falls on impairment charges

Cogeco Cable Inc, a Canadian cable TV, Internet and phone services provider, reported a lower third-quarter profit as its unit Cogeco Cable Canada booked impairment charges during the period. Net profit fell to C$35.5 million ($33.3 million) or C$0.72 per share, for the quarter ended May 31, from C$48.1 million, or C$0.98 per share, a year earlier. Cogeco Cable Canada recognized an impairment charge of $32.2 million related to an Internet Protocol Television project. The Montreal-based company's Canadian cable services unit lost 8,021 cable customers, while 1,433 telephone customers canceled their services in the quarter. The U.S. cable services unit of the company lost 1599 cable customers, while it added 733 new telephone customers during the quarter. Revenue rose by 6.9 percent to $496.4 million. Owned by media and telecommunications company Cogeco Inc , Cogeco Cable competes with Rogers Communications Inc , Telus Corp and BCE Inc. ($1 = 1.0648 Canadian Dollars) (Repor

BRIEF-Quanta Computer says June revenue up 4.8 pct

Quanta Computer Inc _0"> * Says June revenue at T$71.8 billion ($2.40 billion), up 4.8 percent y/y Source text in Chinese: bit.ly/1oEDOWD Further company coverage: ($1 = 29.8850 Taiwan New Dollars) (Reporting by Hong Kong and Singapore newsrooms)

BRIEF-Orad Hi Tec Systems estimates revenue growth of 22% to 26% in FY 2014

Orad Hi-Tec Systems Ltd : * Says estimates revenue growth of 22% to 26% in FY 2014 * Says expects FY 2014 revenues to be between USD 39.0 mln-USD 40.0 million * Sees operating profits between 6% to 8% of revenues in FY 2014 * Source text for Eikon * Further company coverage _0">

Arseus seeks to divest IT unit - paper

Belgian medical supplies group Arseus will sell its IT unit Corilus to fully concentrate on medical compounds, Belgian business unit De Tijd wrote on Thursday. _0"> The group has made a string of divestments in recent quarters and has focused spending on its medical compounding unit Fagron, which supplies materials to pharmacies to make bespoke medicines. While the revenues of Corilus, which makes software for doctors and pharmacists, was still growing in the first quarter of 2014, Fagron grew at more than twice the pace, even corrected for acquisitions. The process of selling Corilus was still at an early stage and could take months, De Tijd wrote. Arseus was not immediately available for comment. (Reporting by Robert-Jan Bartunek)

Symantec in talks with Chinese government after software ban report

U.S. security software maker Symantec Corp said it is holding discussions with authorities in Beijing after a state-controlled Chinese newspaper reported that the Ministry of Public Security had banned the use of one of its products. _0"> The China Daily reported on July 4 that the ministry had issued an order to branches across the nation telling them to uninstall Symantec's data loss prevention, or DLP, products from their systems, saying the software "could pose information risks." The newspaper also said Chinese news site Sohu.com had reported that the public security bureau had banned Symantec's DLP products from future procurement projects. ( bit.ly/1okVF3v ) Symantec spokeswoman Colleen Lacter told Reuters that her company was in discussions with the Chinese government about the matter, though she declined to confirm or deny the newspaper's account of what had happened. "The discussions are ongoing and it's premature to go into detail

RPT-Fitch Affirms France's Vivendi at 'BBB'; Outlook Stable

(The following statement was released by the rating agency) Fitch Ratings has affirmed France-based Vivendi SA's (Vivendi) Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB'. The Outlook on the Long-term IDR is Stable. The affirmation reflects the completion of Vivendi's significant disposals (stakes in Activision Blizzard AB and Maroc Telecom) and its plans to sell SFR, the 2nd largest French telecoms operator, as part of their plan to move away from telecoms and become an international media group. After returning EUR4.8bn to shareholders, this should leave Vivendi with a net cash position to fund future investments and acquisitions in the media sector. Maintaining the 'BBB' rating will depend on the strategic plan that Vivendi adopts, the acquisitions made, coupled with management's ability to balance financial leverage with an operating profile that could be less predictable than when Vivendi had owned more telecoms as