Hon Hai’s plunge exposes poor end of Apple value chain
By Jonathan Standing and Clare Jim TAIPEI | Mon Apr 30, 2012 2:46pm EDT TAIPEI (Reuters) – Shares in Hon Hai Precision Industry Co Ltd took a beating on Monday after lackluster quarterly profits, in sharp contrast with the booming fortunes of its main client, Apple Inc, highlighting one of the main downsides of life [...]
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LDK Solar cuts jobs as margins collapse
Mon Apr 30, 2012 9:02pm EDT (Reuters) – Solar products maker LDK Solar Co Ltd said it cut more than 5,000 jobs this year as the industry grapples with a steep decline in prices that has decimated profit margins and pushed several companies into bankruptcy. LDK Solar’s shares, which had touched a six-month low of [...]
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LyondellBasell revenue misses, profit drops
By Ernest Scheyder Mon Apr 30, 2012 2:20pm EDT (Reuters) – Chemical maker LyondellBasell Industries NV’s (LYB.N) quarterly revenue missed Wall Street’s expectations and its profit was drained by high supply costs in Europe and Asia, sending shares down nearly 5 percent. The mixed results — profit narrowly beat expectations — highlight the growing advantage [...]
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