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| Daily News >> Finance & Business >> World Companies |
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1. Chinese demand helps lift Pernod Ricard profits
(AP)
AP - Pernod Ricard SA said Thursday that demand for Martell cognac in China and Chivas Regal scotch in Latin America helped lift full-year net profit by 1 percent.
Updated: Thu, 02 Sep 2010 11:08:32 GMT
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2. Gazprom's Q1 profits triple to $10.6 bln
(AP)
AP - Russia's gas giant Gazprom said Thursday its net profit tripled to 324.9 billion rubles ($10.6 billion) in the first quarter of the year as the company capitalized on a cold winter in Europe.
Updated: Thu, 02 Sep 2010 07:35:55 GMT
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3. Del Monte 1Q profit edges up, but revenue slips
(AP)
AP - Del Monte Foods Co. said Thursday that its fiscal first-quarter profit edged up 1.4 percent, but revenue softened on weakness in the consumer business and the company trimmed its expectations for revenue growth this year.
Updated: Thu, 02 Sep 2010 14:34:49 GMT
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4. TD Bank profit rises 29 percent
(AP)
AP - Toronto-Dominion Bank, North America's sixth largest bank by branches, increased profit by 29 percent in the third quarter on a record quarter by its Canadian retail banking operations.
Updated: Thu, 02 Sep 2010 12:56:52 GMT
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5. Take-Two posts 3Q profit, revenue soars
(AP)
AP - Video game publisher Take-Two Interactive Software Inc. posted better-than-expected results for its fiscal third quarter Thursday, reversing a loss as revenue more than tripled thanks to largely to strong sales of "Red Dead Redemption."
Updated: Thu, 02 Sep 2010 22:19:29 GMT
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6. Summary Box: Pernod Ricard earnings
(AP)
AP - COMPANY: Pernod Ricard SA, Paris-based drink maker known for its anise-flavored aperitifs as well as Beefeater gin and recently acquired Absolut vodka reported its full-year earnings Thursday.
Updated: Thu, 02 Sep 2010 19:08:51 GMT
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7. ArcSight posts higher fiscal 1Q profit
(AP)
AP - ArcSight Inc. said Thursday its fiscal first-quarter profit tripled as the cybersecurity software and services company's sales jumped 39 percent.
Updated: Thu, 02 Sep 2010 22:24:48 GMT
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8. H&R Block 1Q loss narrows despite revenue decline
(AP)
AP - H&R Block Inc. on Thursday said its fiscal first-quarter loss narrowed by 2 percent as it reduced staffing and other expenses.
Updated: Thu, 02 Sep 2010 22:21:01 GMT
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9. Campbell reports Q4 profit rise on better margins
(AP)
AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.
Updated: Fri, 03 Sep 2010 20:48:36 GMT
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10. Summary Box: Campbell Soup 4th-qtr results
(AP)
AP - SALES DOWN, PROFIT UP: The Campbell Soup Co. said Friday that its adjusted fourth-quarter profit was up 7 percent, even though its sales were down 1 percent.
Updated: Fri, 03 Sep 2010 15:56:41 GMT
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11. Take-Two posts profit, raises outlook
(Reuters)
Reuters - Video game maker Take-Two Interactive Inc on Thursday smashed Wall Street expectations for its fiscal third quarter and raised its forecast for the current fourth quarter, citing strong sales for its "Red Dead Redemption" title.
Updated: Thu, 02 Sep 2010 23:11:50 GMT
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12. Equities make bright start to September
(AFP)
AFP - Asian and European stocks rose on Wednesday, lifted by bargain-hunting and upbeat data, as dealers set aside Wall Street's worst August performance in nine years amid stubborn US recovery doubts.
Updated: Wed, 01 Sep 2010 11:16:32 GMT
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13. Summary Box: US fears mean risk for ECB
(AP)
AP - THE SITUATION: Indicators are pointing up at the European Central Bank, which may be about to raise its 2010 economic projections. But that brightening picture is being increasingly darkened by fears about the recovery in the U.S.
Updated: Wed, 01 Sep 2010 18:30:34 GMT
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14. Spain halves deficit with painful austerity cuts
(AP)
AP - Spain's deficit is down sharply thanks to an unpopular cocktail of tax hikes and austerity cuts — good news for a government fighting to ward off fears it might need a bailout like the one that saved Greece from bankruptcy.
Updated: Wed, 01 Sep 2010 17:04:10 GMT
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15. Swiss economy grew 0.9 percent in second quarter
(AP)
AP - Official figures show that Switzerland's economy grew by 0.9 percent in the second quarter compared with the first three months of the year, largely on the back of higher domestic demand and corporate investments.
Updated: Thu, 02 Sep 2010 08:14:46 GMT
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16. ECB raises 2010, 2011 eurozone growth forecast
(AP)
AP - The European Central Bank raised its growth projections for the 16-nation eurozone on Thursday, but stressed that the outlook remains uncertain and said its effort to keep banks supplied with credit would stay in place for the rest of the year.
Updated: Thu, 02 Sep 2010 14:38:33 GMT
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17. ECB holds rates, extends liquidity lifeline
(Reuters)
Reuters - The European Central Bank held interest rates at a record low on Thursday and extended its liquidity safety-net in response to a lopsided recovery and worries about vulnerable banks.
Updated: Thu, 02 Sep 2010 13:10:45 GMT
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18. Driven by Germany, Europe posts 1% growth
(AFP)
AFP - Europe's economy outpaced the United States and Japan in the second quarter, EU data showed Thursday, but analysts warned that the German-powered growth would likely lose steam in the second half.
Updated: Thu, 02 Sep 2010 10:17:46 GMT
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19. Global stocks hit two-week high on manufacturing optimism
(Reuters)
Reuters - World stocks hit a two-week high on Thursday and oil prices rose as optimism from strong U.S. and Chinese manufacturing data extended into a second day ahead of a euro zone interest rate decision and key U.S. jobs data.
Updated: Thu, 02 Sep 2010 08:57:24 GMT
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20. German car exports up 12 percent in August
(AP)
AP - German car exports kept growing in August as a healthier global economy fueled sales abroad, helping push up production, an industry group said Thursday.
Updated: Thu, 02 Sep 2010 12:26:21 GMT
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21. European stocks drop before ECB rate call
(AFP)
AFP - European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank.
Updated: Thu, 02 Sep 2010 11:02:55 GMT
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22. EU reaches deal on cross-border financial supervisors
(AFP)
AFP - Europe took a big step closer on Thursday to its goal of creating cross-border financial supervisors, reaching a "crucial milestone" in efforts to reform a sector blamed for the global recession.
Updated: Thu, 02 Sep 2010 19:17:59 GMT
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23. Romanian PM shakes up cabinet
(AP)
AP - Romania's unpopular government was in turmoil Thursday after the prime minister fired five Cabinet ministers, with the economy minister also saying he will quit.
Updated: Thu, 02 Sep 2010 17:33:53 GMT
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24. European stocks soar on US data; dollar breaches 85 yen
(AFP)
AFP - European equities surged on Friday and the dollar jumped above 85 yen as financial markets welcomed a better-than-expected payrolls report in the United States.
Updated: Fri, 03 Sep 2010 13:47:24 GMT
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25. Swedish bank Carnegie buys troubled competitor
(AP)
AP - Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week.
Updated: Fri, 03 Sep 2010 11:57:49 GMT
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26. EU decision on support for banks due November: commissioner
(AFP)
AFP - Brussels will say in November if it is to extend support for troubled European banks, but will move more quickly on the troubled Anglo Irish Bank, the EU's competition commissioner said Saturday.
Updated: Sat, 04 Sep 2010 16:11:18 GMT
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27. Experts see trouble ahead for developed world
(AP)
AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world.
Updated: Fri, 03 Sep 2010 17:37:43 GMT
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28. Trichet calls for united EU at the IMF
(AFP)
AFP - European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.
Updated: Sat, 04 Sep 2010 17:58:55 GMT
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29. Kia recalls tied to electrical issue
(Investor's Business Daily)
Investor's Business Daily - The South Korean automaker is recalling 56,000 cars, the Soul and Sorento, sold in the U.S. and South Korea, because of defective wiring harnesses that could cause fires. Kia Motors said some harnesses made by Johnson Controls for lighting in '10 model-year Soul cars and 2011 model-year Sorento SUVs were improperly soldered, leading to possible electrical shorts. Kia's Soul sales had more than doubled through Aug. in the U.S. to nearly 44,000 units.
Updated: Fri, 03 Sep 2010 22:31:00 GMT
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30. BP: Crews lifting device from Gulf face delay
(AP)
AP - A crane hoisted a key piece of oil spill evidence to the surface of the Gulf of Mexico on Saturday, giving investigators their first chance to personally scrutinize the blowout preventer, the massive piece of equipment that failed to stop the gusher four months ago.
Updated: Sun, 05 Sep 2010 02:41:22 GMT
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31. Obama planning new package of economic aid
(AP)
AP - Eager to jumpstart the economy ahead of crucial midterm elections, President Barack Obama said Friday he intends to unveil a new package of proposals, likely including tax cuts and targeted spending, to spark job growth.
Updated: Fri, 03 Sep 2010 19:44:53 GMT
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32. Exclusive: American Apparel in talks with restructuring firm
(Reuters)
Reuters - Hipster brand American Apparel Inc is in talks to bring in an outside restructuring firm as the manufacturer and retailer struggles to fix its flagging operations, sources told Reuters on Friday.
Updated: Sat, 04 Sep 2010 01:38:15 GMT
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33. MGIC added $1.2B in mortgage coverage in August
(AP)
AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.
Updated: Fri, 03 Sep 2010 18:50:41 GMT
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34. Petrobras sells 64 bln dlrs of stock to fund oil exploration
(AFP)
AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.
Updated: Fri, 03 Sep 2010 20:57:08 GMT
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35. Spending cuts before 2011 could hurt recovery: IMF, ILO
(AFP)
AFP - The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.
Updated: Fri, 03 Sep 2010 17:53:04 GMT
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36. Campbell reports Q4 profit rise on better margins
(AP)
AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.
Updated: Fri, 03 Sep 2010 20:48:36 GMT
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37. Trichet calls for united EU at the IMF
(AFP)
AFP - European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.
Updated: Sat, 04 Sep 2010 17:58:55 GMT
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38. Report: SEC Investigating canceled trades
(AP)
AP - The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, according to The Wall Street Journal.
Updated: Thu, 02 Sep 2010 12:25:08 GMT
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39. Summary Box: Unemployment rate rises to 9.6 pct
(AP)
AP - UNEMPLOYMENT RISES: The unemployment rate rose to 9.6 percent in August from 9.5 percent, as the nation lost 54,000 jobs. Private employers added a net total of 67,000 workers, but 114,000 temporary census jobs ended.
Updated: Fri, 03 Sep 2010 21:41:31 GMT
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40. China tells state companies to explore Potash bid
(Reuters)
Reuters - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
Updated: Sat, 04 Sep 2010 03:09:42 GMT
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41. Stocks rally as jobs data spurs optimism
(Reuters)
Reuters - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
Updated: Fri, 03 Sep 2010 20:43:39 GMT
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42. Venezuela OKs payment for French retailer Casino
(Reuters)
Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.
Updated: Sat, 04 Sep 2010 21:09:56 GMT
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43. Taxpayers likely to face initial loss on GM IPO: sources
(Reuters)
Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
Updated: Fri, 03 Sep 2010 23:33:47 GMT
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44. IMF's Lipsky says moderate world recovery underway
(Reuters)
Reuters - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.
Updated: Sun, 05 Sep 2010 03:48:08 GMT
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45. BP: Failed blowout preventer removed from well
(AP)
AP - BP PLC said the blowout preventer that failed to stop oil from spewing into the Gulf of Mexico was removed from the company's well on Friday afternoon.
Updated: Fri, 03 Sep 2010 19:07:55 GMT
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46. Stranded actor Paul Hogan in Australia tax deal
(Reuters)
Reuters - Actor Paul Hogan, star of the "Crocodile Dundee" movies, has struck a deal with Australia's tax office which will allow him to return home to his family in Los Angeles, his lawyer said on Friday.
Updated: Fri, 03 Sep 2010 17:31:16 GMT
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47. Crafting a Career in Eco-Chic Jewelry
(BusinessWeek)
BusinessWeek - Goldman Sachs may not have a lot of friends in the White House these days, but one of its former employees has made a good impression. After three years as an analyst in Goldman's fixed-income, currencies, and commodities division, Monique Pean began her own jewelry line that can now be found in Barneys, Jeffrey New York, and around the neck of Michelle Obama.
Updated: Fri, 03 Sep 2010 12:08:42 GMT
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48. BP says failed blowout preventer off Gulf well
(Reuters)
Reuters - BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.
Updated: Fri, 03 Sep 2010 18:53:57 GMT
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49. Stranded actor Paul Hogan in Australia tax deal
(Reuters)
Reuters - Actor Paul Hogan, star of the "Crocodile Dundee" movies, has struck a deal with Australia's tax office which will allow him to return home to his family in Los Angeles, his lawyer said on Friday.
Updated: Fri, 03 Sep 2010 17:31:16 GMT
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50. Court reinstates markup law for Wisconsin gasoline
(AP)
AP - A federal appeals court on Friday reinstated Wisconsin's 71-year-old minimum markup law on gasoline, a decision that could save some jobs but increase the cost of gas.
Updated: Fri, 03 Sep 2010 18:10:31 GMT
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