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Sodexo: Organic Revenue Growth Of 2.3% For The First Nine Months Of Fiscal 2014 - Yahoo Finance

Benefits and Rewards Services Organic growth in Benefits and Rewards Services revenues of 14.0% for the first nine months of the year was once again excellent and much brisker than in Fiscal 2013, due to: An excellent sales dynamic in Latin America (with organic growth of nearly 22%), driven by solutions provided to an ever-increasing number of beneficiaries and higher face values on issued vouchers and cards. A robust performance in Europe and Asia (with organic growth of 4%). 2. Financial position On June 24, 2014, Sodexo completed a 1.1 billion euro bond issuance, comprising a 7.5-year tranche and a 12-year tranche, with an average interest rate of 2.1%. This issuance followed a 1.1 billion U.S. dollar private placement (USPP) carried out by the Group in March 2014, with maturities ranging between 5 and 15 years and an average rate of 3.8%. The two transactions allows Sodexo to refinance the borrowings maturing in March 2014 and January 2015 on more favorable terms, significantly extend the maturity of its debt and gradually reduce its average annual borrowing costs. Apart from these items, there were no material changes in the Group's financial position as of May 31, 2014 as compared to that presented in the Financial Report for First Half Fiscal 2014. 3. Outlook confirmed for Fiscal 2014 Sodexo is expecting a slightly slower fourth quarter than initially forecast, given the delayed start-up of certain major contracts.
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Disney Halts On-Demand Movie Sales on ITunes in Japan - Bloomberg

The Burbank, California-based company didnt say if other markets are affected. The two companies have enjoyed close ties in the past and Disney Chief Executive Officer Bob Iger has been a board member of Cupertino, California-based Apple since 2011. When video was first added to iTunes, the entertainment company was the first major studio to sign on with service. Apple co-founder Steve Jobs was a director at Disney prior to his death in 2011. He became the entertainment companys biggest shareholder after Disney in http://fernandocplg.wikispaces.com 2006 bought Pixar, the animation studio he helped create. Calls by Bloomberg News to the media offices of Disney and Apple in Japan seeking comment on the statement werent immediately returned. In addition to its film studios, Disneys Japan businesses include retail stores and a mobile phone business that sells branded devices and licenses content and games to wireless carriers in the country. The company had 46 outlets in Japan, according to its 2013 annual report . Photographer: Kiyoshi Ota/Bloomberg An Apple Inc. iPhone 5S smartphone in Tokyo. Sales through iTunes of films, including Frozen and Thor: The Dark World, stopped yesterday and the company is trying to restart the service while rentals of existing titles are continuing, Disney said in a statement on its Japanese website.
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