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Ford Motor Company - profit in the first quarter
2008-04-25 00:00:00
The Ford Motor Company said on Thursday that it earned $100 million in the first quarter, after a loss in the same quarter a year ago, a surprising improvement amid a slump in the United States market that has cut sales of lucrative trucks and sport utility vehicles. The company also warned of the possibility ...
More About: Profit , Quarter

Financial Services Global Leadership Summit, May 7-9, 2008
2008-04-25 00:00:00
Oracle today announced that it will host a Financial Services Global Leadership Summit , May 7-9, 2008, at the InterContinental Hotel in Athens, Greece. The summit will provide financial services industry professionals an opportunity to network with, and learn from, respected thought leaders in the banking, insurance and capital markets sectors - as well as explore ...

New home sales fell in March to the lowest level in more than 16 years
2008-04-25 00:00:00
New home sales fell in March to the lowest level in more than 16 years, according to a key government report on the battered housing market released Wednesday.March sales came in at a seasonally adjusted annual rate of 526,000, the Census Bureau report showed, down 8.5% from a revised 575,000 in February and down 36% ...
More About: Sales , Home , Years , New Home Sales

Jobless claims fall by 33,000
2008-04-25 00:00:00
The Labor Department reported Thursday that claims for unemployment benefits fell by 33,000 last week to 342,000. Economists had been expecting claims would rise by 3,000. The four-week moving average for claims fell by 7,250 to 369,500. Even with the improvements, analysts are still worried that the weak economy is putting greater pressures on the labor ...
More About: Claims , Fall

Tax cut boosts China share prices
2008-04-25 00:00:00
The Shanghai Composite Index rose 9.3%, or 304.7 points, to close at 3,583.0 after tax was cut from 0.3% to 0.1%. It is a clear sign that the government wants to support share prices, which had fallen 50% from their peak levels in October 2007.
More About: China , Share , Prices

Daimler to invest in Eastern Europe
2008-04-07 00:00:00
Daimler AG’s Chief Executive Dieter Zetsche said he foresees an acquisition for the company’s truck division, reported Dow Jones, citing a report from Germany’s WirtschaftsWoche magazine. In an interview to be published Monday, Zetsche told WirtschaftsWoche that the company is considering the expansion of production capacity in Eastern Europe . A decision on whether a new ...
More About: Daimler , Invest , Eastern Europe

Company carbon emissions
2008-04-07 00:00:00
All quoted companies will be forced to detail carbon emissions in their annual reports after the Government took a controversed decision. An amendment added to the Climate Change Bill last week is expected to go on the statute books this summer. It requires quoted companies to include carbon emission information as part of their ...
More About: Company , Emissions , Carbon

Charlton Heston died at the age of 84
2008-04-07 00:00:00
Charlton Heston, who won the 1959 best actor Oscar as the chariot-racing “Ben-Hur” and portrayed Moses, Michelangelo, El Cid and other heroic figures in movie epics of the ’50s and ’60s, has died. The actor, who for years was president of the National Rifle Association, died Saturday night at his home in Beverly Hills with his ...
More About: Died , Charlton Heston

Oresa Ventures and Advent International invest in Romania construction mark
2008-04-07 00:00:00
Producers of construction materials have become the main targets for private equity funds over the last two years in the wake of high growth rates and high profits. Enterprise Invest ors, Oresa Ventures and Advent International were all involved in two acquisitions on the construction materials market (estimated to be worth around 6.5 billion euros last year) ...
More About: Construction , Romania , Mark

Sandoz could relocate re-analysis centre to Romania
2008-04-07 00:00:00
Swiss group Sandoz, the second-largest player on the global market of generic drugs, is considering relocating its drug re-analysis centre from Germany, with the possible destinations including Romania and Poland. “Our plans include investments worth one million euros this year. However, there is a very strong possibility that we will receive approval from the European Union ...
More About: Analysis , Centre

Alstom build a new power plant for Electrabel Groupe Suez
2008-04-07 00:00:00
Electrabel Groupe Suez , a producer and supplier of electricity, natural gas and energy solutions has ordered a GT26 combined-cycle turbine power plant (420 MW) from Alstom, to be installed in Fos sur Mer, near Marseille. The deal, worth over 270 million euros, covers all the engineering, purchasing and construction area, as well as all the parts ...
More About: Power , Build , Plant

Honeywell International Inc. will buy Norcross Safety Products LLC
2008-04-07 00:00:00
Honeywell International Inc. on Friday said it will buy Norcross Safety Products LLC for $1.2 billion to expand its line of personal protective gear.Norcross, based in Oak Brook, Ill., makes protective and safety equipment for the fire service, utility and general industrial worker segments. Honeywell is buying the company from its majority owner, Odyssey Investment ...
More About: Honeywell

Skybus closes operations.
2008-04-07 00:00:00
“We deeply regret the impact this decision will have on our employees and their families, customers, vendors, suppliers, airport officials and others in the cities in which we have operated,” the company said on its Web site. “Our financial condition is such that our Board of Directors felt it had no choice but to cease ...

Bear Stearns bought by JPMorgan Chase
2008-03-20 00:00:00
Bear Stearns was bought by its competitor JPMorgan Chase for a bargain-basement price of $2 a share, or $236.2 million. The stunning last-minute buyout was aimed at averting a Bear Stearns bankruptcy and a spreading crisis of confidence in the global financial system sparked by the collapse in the subprime mortgage market. Bear Stearns was the ...
More About: Bear Stearns , Bear

Bear Stearns is dead
2008-03-20 00:00:00
In light of entering into an agreement to merge with JPMorgan Chase, The Bear Stearns Companies Inc. (NYSE: BSC) will not be announcing its first quarter 2008 financial results on Monday, March 17, 2008, as previously scheduled. And a cool one from their website: “Bear Stearns Founded in 1923, The Bear Stearns Companies Inc. (NYSE: BSC) is a ...
More About: Dead

China software outsourcing
2008-03-04 00:00:00
It is estimated that by 2011 China ’s software offshore outsourcing market scale will reach 54.91 billion yuan, in 2006 -2011, a compound annual growth rate of about 38 per cent. According to Analysys International’s latest report “China’s offshore outsourcing market trend forecasts 2007-2011,” The results showed that, it is estimated that in 2011 China’s software ...
More About: Software , Outsourcing

FTI Consulting, Inc. Announces the Acquisition of TSC Brasil
2008-03-04 00:00:00
FTI Consulting , Inc., the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that it has acquired TSC Brasil Limitada (TSC), the leading systems integrator and computer forensic and IT security consultant in the Brazilian and greater South American marketplace. Terms of the transaction were not disclosed. Founded in ...
More About: Acquisition

Dollar downfall continues
2008-03-04 00:00:00
The euro continued its rapid climb to new highs against the dollar on Friday, hitting $1.5238 in early European trading before retreating slightly. Continued concern that the U.S. economy is headed into recession, further falls in equity prices and talk of the collapse of a U.K. hedge fund are all contributing to the latest wave ...
More About: Dollar

Toll Brothers Inc. reported a $96 million loss
2008-03-04 00:00:00
Toll Brothers Inc. reported a $96 million loss for its fiscal first quarter, along with $245.5 million in write-downs, amid a sluggish housing market that is starting to show what its CEO called “glimmers of hope” in some markets. The Horsham, Pa., high-end home builder’s loss amounted to 61 cents a diluted share, compared with last ...
More About: Loss , Toll , Million , Toll Brothers

Federal Reserve Chairman Ben S. Bernanke signaled the U.S. central bank is
2008-03-04 00:00:00
Federal Reserve Chairman Ben S. Bernanke signaled the U.S. central bank is prepared to lower interest rates again even amid signs of accelerating inflation. The Fed “will be carefully evaluating incoming information bearing on the economic outlook and will act in a timely manner as needed to support growth and to provide adequate insurance against ...
More About: Federal Reserve , Bank , Central

Chinese government response at Microsoft Yahoo bid.
2008-02-17 00:00:00
Alibaba Group, the Chinese Internet company part-owned by Yahoo Inc, has hired advisers to evaluate issues related to a possible purchase of its U.S. partner by Microsoft Corp after the Chinese government said it would scrutinize the deal. Alibaba executives believe Microsoft will succeed in its bid for Yahoo, and has hired lawyers and financial ...
More About: Government , Yahoo!

Cognex profits rise
2008-02-17 00:00:00
Cognex has announced its financial results for the fourth quarter and year ended December 31, 2007. The fourth quarter of 2007 was a very good quarter for Cognex,” said Robert J. Shillman, chairman and chief executive officer of Cognex. “I am pleased to say that revenue and earnings per share, excluding stock-option expense, were at ...
More About: Profits , Rise

Bank of America Corp. and Chevron Corp. join Dow Industrials index
2008-02-14 00:00:00
Bank of America Corp. and Chevron Corp. will replace tobacco company Altria Group Inc. and manufacturer Honeywell International Inc. in the Dow Jones industrial average, giving the stock market’s best-known indicator bigger slices of the banking and energy sectors. Bank of America , based in Charlotte, N.C., is the nation’s biggest bank by deposits. Chevron, the energy ...
More About: Join , Bank

Dow Jones 30 Industrials components
2008-02-14 00:00:00
The current list of Dow components: 3M Co. (NYSE:MMM) Alcoa Inc. (AMEX:AA.PR) (NYSE:AA) American Express Co. (NYSE:AXP) American International Group Inc. (NYSE:AIG) AT&T Inc. (NYSE:SBT) (NYSE:T) Bank of America Corp. (NYSE:BAC) Boeing (NYSE:BA) Corp. Caterpillar Inc. (NYSE:CAT) Chevron Corp. (NYSE:CVX) Citigroup Inc. (NYSE:C) Coca-Cola Co. (NYSE:KO) DuPont (NYSE:DD PRB) (NYSE:DD PRA) (NYSE:DD) Co. Exxon Mobil Corp. (NYSE:XOM) General Electric Co. (NYSE:GE) General Motors Corp. ...
More About: Dow Jones , Jones , Components

Dean Foods Co.?s fourth-quarter net income dropped 55%
2008-02-14 00:00:00
Dean Foods Co.’s fourth-quarter net income dropped 55% amid higher interest costs from last year’s recapitalization, as fluctuating commodity prices continued to bleed margins. The company offered a dissapointing forecast for the first quarter and year, while predicting growth in the second half, citing instability in the milk market. The nation’s largest dairy processor and ...
More About: Income , Dean , Quarter

Retail sales in the U.S. unexpectedly rose in January
2008-02-14 00:00:00
Retail sales in the U.S. unexpectedly rose in January , easing concern that the world’s largest economy has already slipped into a recession. The 0.3 percent increase was led by spending on autos, clothes and gasoline, the Commerce Department said today in Washington. The figure followed a 0.4 percent decrease the previous month. Purchases excluding automobiles ...
More About: Sales , Retail , Rose

Polaroid Corporation will close all its U.S. film plants
2008-02-12 00:00:00
Polaroid Corp. will close all its U.S. film plants in March and will get out of making film for the instant-picture cameras by the end of the year. Polaroid wants to sale its technology to a third party making film for Polaroid products. The company has turned its focus to digital, where the film business has ...
More About: Film , Plants , Corporation , Close , Polaroid

Deutsche Bank has acquired HedgeWorks
2008-02-06 00:00:00
Deutsche Bank announced that it has acquired HedgeWorks. HedgeWorks will complement its core strengths of offering high-quality third-party administrative services to the financial community, and the purchase enables it to further strengthen its service offering to the hedge fund industry. This purchase would help to further develop its existing alternative asset administration capabilities.
More About: Deutsche Bank

Stock markets in the Asia-Pacific rally
2008-02-06 00:00:00
Stock markets in the Asia -Pacific region rose Monday after the U.S. stocks closed higher on Friday following Microsoft’s bid for Yahoo. China’s purchase of a large stake in takeover target Rio Tinto also boosted investor sentiment, with the key Shanghai composite index surging more than 5%. Japan’s Nikkei 225 Stock Average was up 313.46 points at ...
More About: Markets , Stock , Rally

Strabag aquires Adanti SpA
2008-02-06 00:00:00
STRABAG SE announced the acquistion of Italian construction company Adanti SpA, which generated EUR 160 mn in revenues in 2007 and employs 370 people, from S.E.C.I which is the holding of Maccaferri group. STRABAG plans to position Adanti as one of the leading Italian construction companies in the mid-term. Adanti is active in all segments ...