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Use of heat losses of the kilns/furnances
2008-08-24 20:41:00 We are loosing heat through exhaust chimneys of the kilns while we are using gas in heating the dryers seperately I think to use the exhaust of chimney as a heat source for the dryers , How I can calculate the heat losses and to use these heat losses for other dryers
America's Job Losses
2008-08-22 15:00:00 America has always been known as the country with consumer goods in the greatest abundance, variety, and lowest prices. No wonder everybody wants to visit the U.S. for their shopping experience. So if U.S. manufacturers are moving their businesses to Mexico and China, they're not going there for ski
In one-run losses, Marlins will long for Manny Ramirez (Yahoo! Sports)
2008-08-04 16:24:00 If you want to argue the Florida Marlins made their best move by not trading for two months of Manny Ramirez,… Read the full story.
By: MLB News Blog
GM and ExxonMobil, an example of pain and gain.
2008-08-01 20:28:00 HOUSTON (AP) — Exxon Mobil reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results fell well short of Wall Street expectations and shares fell in premarket trading. The world’s largest publicly traded oil company said net income for the April-June period came to $2.22 a share, ...
By: TexasFred's
Ford losses 8.7 Billion - and accelerates transformation plans
2008-07-24 16:05:00 Ford announced an enormous loss today for the 2nd quarter. The loss was larger than expected at $8.7B. Ford also announced that it is accelerating the move to small cars by stating that a total of 6 small vehicles form Europe would be manufactured in the Americas for our market. Only 3 of the vehicles were named: Fiesta, Focus, and Transit and these three had already all been announced. Two of the remaining three will probably be crossovers, and the third is speculated to be the Mondeo. However, the Mondeo overlaps with the Fusion - so how Ford will work this out remains to be seen. An updated Fusion will also come out next year, with enhanced engines and a hybrid powerplant for the first time. Past examples of European Fords brought to North America were all de-contented from their European counterparts. The European Mondeo for example, was an up-market product in Europe but was de-contented for North America as the Ford Contour and Mercury Mystique. Now that small cars are impor...
President Bush Heckled At July 4th Speech; GOP Fears Senate Losses
2008-07-06 14:16:00 It is not looking good for the Republican Party and that's good news for the Democrats. Consider that on July 4th, President Bush was heckled repeatedly as the video shows here:While GOP Senator John Ensign (R) Nebraska talks about the possible loss of Senate seats in the fall. The one question is how bad will the losses be?
How do I determine the losses in an elbow?
2008-06-23 11:02:00 I have a 48" air duct that is travelling hoizontally to a 90 degree elbow that turns the flow vertical. In the bottom of the horizontal duct just prior to the elbow and in the bottom of the elbow, there is a fallout of the material the air is transporting/drying. I want to accelerate the air strea
Homebuilders offer bleak outlook and post losses
(AP)
2008-06-10 10:25:00 By ALEX VEIGA, AP Business Writer Tue Jun 3, 8:49 PM ET LOS ANGELES - Homebuilder D.R. Horton said Tuesday the industry could face tough times until 2010, and underscoring that point, Toll Bros. and Hovnanian Enterprises Inc. each reported a second-quarter loss. “I believe the industry will continue to face rising pressures for certainly the next 12 to 18 months,” said Don Tomnitz, D.R. Horton’s president and chief executive, adding that “2010 will be the earliest we get a more solid homebuilding environment.”Homebuilders- are struggling to sell their homes at a time when many buyers remain reluctant to enter the market because they expect home prices to keep falling. A glut of unsold homes has also hur...
Stocks slide following Wall Street losses on weak US jobs data, surging cru
2008-06-10 00:00:00 {mosgoogle right}TOKYO (AP) -- Japanese stocks fell Monday but held up a bit better than expected, as weak U.S. jobs data on Friday and surging crude prices triggered a sharp drop on Wall Street.The Nikkei 225 index fell 308.06 points, or 2.1 percent, to 14,181.38.Traders say investors want to see how U.S. shares fare later in the global day after of a jump in the American unemployment rate rekindled fears of a slowdown in that key export market."The performan ...
Broad Market Losses, but Apple was a Buy
2008-06-06 22:50:00 It was hard to look past the markets more than 300 point decline due to jobless claims and oils $10+ leap per barrel in one day. But something was quite curious about Apple’s stock. It was down, and down more than $3 per share going into the WWDC. While almost the entire market suffered losses, Apple ...
By: Market Matador
Op-Ed Friday: Banks Experiencing Subprime Losses
2008-06-06 14:48:00 It’s Friday, and with mounting foreclosures and rumblings at Lehman Brothers, I couldn’t help but think that Doomers would enjoy this video: We welcome your comments on subprime losses, or anything else housing related.
By: HousingDoom
Airlines start exiting routes to cut losses - Singapore
2008-06-06 06:20:00 Airlines start exiting routes to cut losses - Singapore Qantas cuts capacity on Asian routes; SIA studies its options By VEN SREENIVASAN  (SINGAPORE) Faced with the prospect of plunging earnings amid soaring fuel prices and flattish revenue growth, many airlines are cutting capacity and exiting routes.  Mr Dixon: The rising cost of fuel has changed the way Qantas will have to do business over the next two years Qantas is just the latest to join a growing line of carriers which are exiting routes, sizing down capacity or just parking planes as oil stays stubbornly above the US$125 per barrel level, and threatens to rise even further. Just a week after it announced cuts on its domestic and trans-Tasman services, the Australian carrier has cut capacity on its Japan and South-east Asia routes, including some services launched barely a year ago. Qantas CEO Geoff Dixon said the rising cost of fuel has changed the way the Qantas Group will have to do business over the next two years,...
Obscene Losses
2008-06-06 00:00:00 DVD sales are in free fall. Audiences are flocking to pornographic knockoffs of YouTube, especially a secretive site called YouPorn. And the amateurs are taking over. What?s happening to the adult-entertainment industry is exactly what?s happening to its Hollywood counterpart?only worse. será que é pra tanto alarde? depois de ler as ...
By: Hector Lima
Fed: Loan losses and write downs to increase
2008-06-05 12:50:00 Federal Reserve Vice Chairman Kohn said he expects to see weaker bank earnings and continued write downs from both banks and home builders in the coming months as the credit and housing bust continues. He was urging banks and home builders to build capital as they can in order to protect themselves from insolvency related ...
Write Downs, Credit Losses Approach $400 Billion Mark
2008-06-04 23:29:00 From Bloomberg yesterday: The biggest banks and securities firms have booked about $387 billion of writedowns and credit losses since the beginning of last year, as the collapse of the U.S. housing market led to losses on securities tied to the value of home prices. Source: ?Wachovia?s Thompson Joins Prince, O?Neal Toppled by Subprime? Peter Robison Bloomberg, June 3, 2008 Share ...
By: Boom2Bust.com
Market manages to cut losses after early carnage
2008-06-04 00:46:00 The market staged a smart intra-day rebound in second half of the day`s trading session led by recovery in Reliance Industries (RIL). Panic selling in early trade by wary investors kept market depressed in the first half. Fears in the market were tha2 Vote(s)
By: Market Buzz
Sensex pares early losses, ends below 16K
2008-06-04 00:46:00 Markets witnessed a heavy selling pressure in early trade on Tuesday but later recovered from its day's low of 15710 levels to close at 15,962, down 101 points.2 Vote(s)
By: Market Buzz
> worried with the failure of congress Left looks to cut losses and exit
2008-05-30 10:41:00 The United Progressive Alliance government is apprehensive that regardless of the Indo-US nuclear deal, the Left parties may withdraw support before September 2008. The Left parties have concerns over price rise, inflation and “mismanagement” of the economy. Today’s inflation figure of 8.1%can only add to the Left’s fears. The domino effect set in after the Karnataka election ...
Energy Price Ripples and Calculating (accurately, please) Subprime Losses
2008-05-29 04:07:00 Feeling pinched at the pump? Us, too. And we aren’t the only ones. It’s not just the little guys feeling the squeeze as energy costs soar. Big guys are feeling it, too. Like the folks at Dow Chemical, who say they’re having to raise prices by 20% to cope with ...
By: Audit Trail
Retirement Plan Losses May Be Able To Be Recovered Posted By : Katie Kelley
2008-05-27 02:38:00 Planning for the future and especially for retirement can be a daunting task in and of itself. However, individuals often seek the help of investors who specialize in pension plans and knowing the law can often be a saving grace for many. That is until recently, as the rash of unethical practices of stockbrockers, investors and corporations has reached an all-time high. Personal finance is the application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save and spend monetary resources over time, taking into account various financial risks and future life events. Components of personal finance might include checking and savings accounts, credit cards and consumer loans, investments in the stock market, retirement plans, social security benefits, insurance policies, and income tax management.
Schwab YieldPlus Losses
2008-05-27 00:00:00 In a decline that has been described as ?one of the more spectacular meltdowns in mutual fund history? by this San Francisco Chronicle article, the Schwab YieldPlus fund has declined by over 25% this year. The Schwab Yield Plus fund was supposed to be an ultra short term bond fund which was a ?smart alternative for your cash,? but investors who expected the safety of a money market fund have suffered significant damages. As shown by this Morningstar report, the fund invested almost 50% of its assets in mortgage related securities. Investors who invested in the Schwab YieldPlus fund expecting a cash or money market alternative and subsequently lost a portion of their savings should contact an attorney to discuss their legal options. Greco & Greco is a law firm experienced in filing arbitration claims against brokerage firms based on misrepresentations, omissions, securities fraud, and other wrongful conduct.
Market extends losses
2008-05-26 16:03:00 The market today extended last week`s steep looses on weak cues from Asian markets. Banking, metal and capital goods stocks suffered the most in today`s slide. Information technology and healthcare stocks were star performers of the session.10 Vote(s)
By: Market Buzz
Sony marks profit in fiscal fourth quarter, reversing from deep losses the
2008-05-15 00:00:00 {mosgoogle right}TOKYO (AP) -- Sony says it made 29 billion yen (US$277 million) profit in the January-March quarter.The reversal from a loss of 67.6 billion yen during the same period the previous year came as it trimmed losses in its struggling PlayStation 3 video game business.Sony said Wednesday that it expects profits in coming months to dwindle because of a strengthening yen.Sales were solid in liquid-crystal display TVs, digital cameras and Vaio compute ...
Banking losses in Europe.
2008-05-14 19:16:00 Credit market turmoils spread all over. I list major 4 major banking cases occurred in Europe due to subprime meltdown.The largest Swiss bank UBS (UBS) writedowns almost 33 bln CHF in last 2 quarters. Shareholders approved capital increase by 15 bln CHF. Already second capital hike after 13 bln CHF from two foreign sovereign wealth funds. Shares price YTD down by 33%.Credit Suisse (CS) faced first quarter losses in last 5 years (1Q 2008 with loss 2,15 bln CHF). For the same quarter in 2007 company made profit 2,7 bln CHF. From the beginning of year shares price fell down by 11% and market capitalization is now 62,6 bln CHF.Royal Bank of Scotland (RBS) lost 5,9 bln GBP. In addition to subprime losses bank admits another bad investment decisions. Mainly acquisition of ABN Ambro Holding (together with Banco Santander and Fortis). 71 bln EUR for ABN Ambro was too ambitious. Royal Bank of Scotland announced last month a rights issue of 12 bln GBP. Shares price YTD down by 29%.So far Deut...
?Enormous Losses? At U.S. And European Banks Still Not Recognized
2008-05-14 02:59:00 $329.2 billion. That?s what financial institutions worldwide have recorded in credit losses and write-downs since the beginning of 2007. And Carlyle Group Chairman David Rubenstein is saying that banks and financial institutions in the United States and Europe still have ?enormous losses? from bad loans they haven?t yet recognized, according to Bloomberg?s Alison ...
By: Boom2Bust.com
Banks deny rumors of heavy share trading losses
2008-05-12 05:50:00 Local banks have denied rumors circulating since last Tuesday that some lenders had taken heavy losses on stock investments because of the share market?s 46% plunge this year. Asia Commercial Bank, the only bank listed on Hanoi?s exchange, slipped VND2,300, hitting the 3% daily trading limit, to close at VND76,900 on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
How Should a Trader Feel About Losses?
2008-05-12 00:00:00 How should a trader feel about losses? Is a trader supposed to love losses? The worst aspect of losing is that it tends to create pessi¬mism. Traders should feel bad when they lose money only if they fought the market trend, or violated their own trading strate¬gies. The best traders have a healthy “so what, big ...
By: 2Bull Forex Blog
Japan Airlines reduces losses in fourth quarter on cost cuts, forecasts low
2008-05-11 00:00:00 {mosgoogle right}TOKYO (AP) -- Japan Airlines reduced losses in the January-March quarter from the same period last year on cost cuts but forecast lower profit Friday for this fiscal year, blaming soaring fuel costs and intense competition.The nation's top carrier, also known as JAL, had a 3.53 billion yen (US$34 million) loss for the fiscal fourth quarter, better than the 6.89 billion yen loss the company had the same period the previous year.Sales fell 6.8 percent to 5 ...
The Losses Meralco Never Lost
2008-05-10 13:15:00 Energy productions and distributions are a lucrative business. It is a basic necessity of urban living. The goods and services being produced are not only encouraged but supported by the government and the people…..as well as the losses. Meralco, whose acronym came from Manila Electric Railroad And Light Company, and later changed to Manila Electric Company, has been railroading its consumers to pay a high electricity bills. It had transmuted from the Lopez clan to NAPOCOR and back to the Lopez family after the EDZA Revolution. The Lopez reacquired only the controlling ownership and its aging power generating plant such as Rockwell and Tegen power plant stations and substation facilities were retained to NAPOCOR. Other shares were owned by the government financial institution, particularly, GSIS which owned twenty-five percent. With the government partnership, Meralco became the sole distributor of electric energy and owns the franchise of supplying power to Metro Mani...
CNN Money: Florida Cities Still Set for Steep Losses
2008-05-08 18:52:00 CNN Money put out an article titled “10 markets set for steep losses” and topping the list, Florida cities like Miami and Orlando. The list breaks down their forecast for continued losses in the housing market and a forecast for the bottom. While I don’t put much weight into their analysis, it is interesting to see what the are saying, at least worth sharing, in my opinion. Here is the breakdown of which Florida cities made the top 10 list and their respective forecasts… 1. Miami, FL: 12-month forecast is for prices to drop another 24.9%, having only fallen 9.8% over the last year. The bottom is expected to be in the Spring of 2010. The median home is currently $329,000. The change in foreclosure rate is forecast at 370%. 2. Ft. Lauderdale, FL: 12-month forecast is for prices to drop 22.2%, after a drop of 17% over the last year. Spring of 2010 is also expected to be the bottom. Median home pr...
MiLB Recap Blog: Losses Across the Board
2008-05-07 13:46:00 Each morning, check in for the Minor League Recap Blog. Get all of the results from the games, the latest standings and the daily blog recapping the previous day’s action. Read the full story.
By: MLB News Blog
White Sox P Floyd losses no-hitter in ninth (AP)
2008-05-07 04:59:00 Gavin Floyd’s no-hit bid lasted until the ninth this time. Joe Mauer doubled with one out off Chicago’s young right-hander for the Minnesota Twins’ only hit and Floyd had to settle for a 7-1 victory Tuesday night as the White Sox ended a six-game losing streak. Floyd (3-1) was taken out to a standing ovation ...
By: MLB News Blog
Foreseeable losses for banks? financial investments
2008-05-05 13:01:00 A lot of securities companies and commercial banks have reported losses on their securities investments as the stock market has been falling since the end of 2007. The Refrigeration Engineering Enterprise (REE), which reaped several hundred billions VND from securities investments in 2005, 2006 and the first three... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Labour Party suffers big losses in local British elections
2008-05-02 17:13:00 Seats on 159 local councils across England and Wales along with the London mayor's office were up for grabs in Thursday's voting.
By: Get rich
The T-38 Losses and Supporting Our Military Families
2008-05-02 15:29:00 I have been watching and reading the news about the two recent T-38 crashes in which 4 aircrew have been killed in a week and having flown that plane for several years I can really empathize. Our prayers and thoughts for the families of the crews reflect the same concerns and feelings for our sad losses in Iraq and Afghanistan. The pain is real and we all feel it in some way. I can remember when my father went out to the Sheppard AFB Runway Supervisory Unit at the end of the runway to watch me do some takeoff and landings. I felt a lot of pride and then a short time later a family doing the same thing watched their son's plane crash in front of them. What a loss and what pain!Why do we do these things that put us at risk? Psychologists have a great time trying to figure that out. A very high percentage of military personnel have a deep confidence in their own abilities and do not believe bad things will happen to them. We do our own self assessment and risk management (whethe...
Labour facing big council losses
2008-05-02 03:58:00 Labour looks set to come third nationwide, BBC research suggestsLabour is suffering a bad night in local elections in England and Wales, losing more than 100 seats so far.
By: Get rich
New Forecast: $1 Trillion In Losses From Credit Turmoil
2008-04-28 23:00:00 According to Bloomberg today, former World Bank President James Wolfensohn is predicting that losses from the global credit turmoil may climb to $1 trillion. Wolfesohn, who was the head of the Word Bank from 1995 to 2005, said after addressing the European Pensions and Savings Summit: ?It does seem to be a major adjustment on ...
By: Boom2Bust.com
401k Losses
2008-04-28 01:00:00 (http://www.money-zine.com/Cate-gory/Retirement/)On February 20, 2008, the U.S. Supreme Court ruled that individuals have a right to recover 401k losses based on what were considered fiduciary breaches. This landmark decision means that the 50 million Americans participating in a 401k plan now have a right to recover their loss if plan administrators don't fulfill what's considered their obligation to participants to manage their plans wisely.
Top Incredible Reasons Why Some Forex Traders Are Making Losses In The Fore
2008-04-25 22:31:00 Currency exchange online popularly known as the online exchange or forex became one of the most lucrative Internet business going by the number of people who join the company. In addition, the liquidity of the market characteristics make it more attractive to many new coins. In early 2008, precisely January, the daily volume of currency to be exchanged per day is over $ 2 billion This figure is so enormous when compared with the daily trades of the New York Stock Exchange, which is no more $ 25billion dollar.The potential for making great Forex market is therefore due to the huge market liquidity as described above and the fact that few people know about the forex market. These few all these while traders made big profits from the market. Lately, there has been an explosion in the number of traders joining the Forex market. Because people awareness was awake and cotton covering his eyes was withdrawn. However, the risky nature of the rapidly on the foreign exchange market begins to ...
Forex Trading Mistakes - 2 Deadly Errors that cause Losses
2008-04-25 00:00:00 These two mistakes are common and cause a wipeout of equity for those who make them yet there easy to avoid. If you are a new trader obviously don’t make them! If you are already trading avoid them and you could turn go from losing to winning quickly. 1. First understand this: Cut Trading Frequency down! The ...
By: 2Bull Forex Blog
With Delta and Northwest Quarterly Losses, All Five Major U.S. Carriers Sta
2008-04-24 17:03:00 High fuel prices are to blame for Delta Air Lines Inc.?s (DAL) and Northwest Airlines Corp.?s (NWA) first-quarter losses, the companies said separately. For the quarter, Delta posted a net loss of $274 million, or 69 cents per diluted share. Northwest, which Delta agreed to merge with a couple weeks ago, posted a $4.1 billion ...SHARETHIS.addEntry({ title: "With Delta and Northwest Quarterly Losses, All Five Major U.S. Carriers Start 2008 in the Red", url: "http://jutiagroup.com/2008/04/-24/with-delta-and-northwest-qua-rterly-losses-all-five-major-us--carriers-start-2008-in-the-red-/" });
By: Jutia Group
Commercial banks head for huge derivatives losses
2008-04-22 20:42:00 Full story here. Use ShadowTraders to get debt-free and at cause. “…New Evidence of A Credit Crack-Up Until recently, economists have had only anecdotal evidence of credit troubles. They knew that individual banks were taking losses. They knew that many banks were tightening their lending standards. And they realized that there were hiccups in the credit markets. So they ...
3G Apple iPhone creates losses on unsold O2 & T-Mobile stock
2008-04-22 12:04:00 With the 3G Apple iPhone expected this June we are hearing that the next version of the iPhone is creating losses on unsold O2 and T-Mobile stock, the cell phone companies significantly overestimated how many of the first-gen phones would sell in Europe. Those mobile operators may have had the exclusive contracts but this may also cause a big loss in the pocket if they have really over-ordered on a big scale and the question is will they keep these exclusive contracts on the 3G versions. The “significant” losses on the early model iPhones may not be as bad according to Kathryn Huberty, an analyst at Morgan Stanley. Huberty said that some of the losses might be recouped from the monthly revenue they get from customers who bought the first devices. Now the phone users who brought the first-gen iPhones like myself will have to have a device that will lack not only in 3G but also many other improvements (better camera, bigger hard drive, faster etc). You would think we would...
By: Product Reviews
Minimizing Trading Losses: Two Overnight Trades That Didn’t Go So Well
2008-04-19 15:46:00 From a few days ago, just hadn’t gotten around to writing about it…as I mentioned HERE, I shorted 2,000 (KOG) at $2.75 near the market close when it cracked sideways price action so I thought it’d go negative on the day—I was right that it did go red, but I didn’t take my 10 cents/share gains cuz I wanted a big drop—not a pesky $180 profit. Unfortunately, I had a flight to catch the next morning… Took a later flight to watch the market open—wasn’t comfortable at all since it opened above the sideways price action crack of $2.80, covered at $2.82, a $160 loss including commissions. Screw that, played I safe…I can take $160 losses all day long. Later in the day, it went decently red down to the $2.60 area, so I wasted $400, but when I play volatile stocks, I don’t worry about predicting every 10-20 cent move—I take my 20-50 cents-$1/share gains thinking stocks will make much larger swings (so I won’t have to be perfect in my timing) (such as THIS tra...
By: TimothySykes.com
OECD: Subprime losses could hit $420 billion
2008-04-18 04:16:00 The OECD (Organisation for Economic Co-operation and Development) reported that the losses related to the subprime mortgage bust could hit $420 billion based on an ultimate recovery of mark-to-market assets to 40 to 50% of their initial value. The OECD denied that the $1 trillion loss that the IMF has been reporting lately is ...
Kim Eng’s Ronald Ooi cuts losses on Singapore condo deal
2008-04-15 23:55:00 Kim Eng’s Ronald Ooi cuts losses on Singapore condo deal He is said to have led group which backed the purchase of Tulip Garden (SINGAPORE) Kim Eng Holdings managing director Ronald Ooi, in his personal capacity, is believed to have led a group that backed Bravo Building Construction on its failed $516 million purchase of Tulip Garden.  Tulip Garden: The $516m deal failed as the buyer’s request to extend the payment deadline was rejected. The $25.8m deposit was forfeited BT understands from market sources that Mr Ooi and the group were instrumental in raising the initial $25.8 million or 5 per cent deposit on the Tulip Garden sale which has since been forfeited. Mr Ooi, who is said to be worth some $300 million, is said to have decided to cut losses on the acquisition in the face of weakening sentiment on the prime property front. ‘It had become more challenging to raise the necessary funds under current market conditions to complete the deal,’ a market w...
Microsoft looks to avoid losses to Linux in embedded OS market
2008-04-15 19:04:00 Software vendor retools Windows Embedded line in effort to fight off open-source advancesBy Eric LaiMicrosoft Corp. today announced plans to rejigger and expand its Windows Embedded family of operating systems in an attempt to enlist developers of handhelds and other devices to help the software vendor combat increasing competition from Linux.For example, Microsoft is developing new versions of Windows Embedded CE and Windows XP Embedded, its two primary embedded operating system lines, that will be rebranded as Windows Embedded Compact and Windows Embedded Standard, respectively. An upgrade of the XP software is scheduled to launch on June 3, and a next-generation CE release will follow next year, said Ilya Bukshteyn, director of marketing for Windows Embedded.Inspired by the marketplace success of a version of Windows XP Embedded that's tailored for use on point-of-sale terminals, Microsoft also plans to launch other vertical offerings this year, Bukshteyn said in an interview la...
Despite Writedowns and Loan Losses, Core Banking Businesses Remain Very Pro
2008-04-14 21:20:00 Since earnings season gets underway in full force this week, the headlines are going to look bad for the financial services industry as loan losses and asset writedowns lead to severe first quarter losses. However, investors need to focus on where these losses are coming from and how the core banking business is holding up ...
Baltic Oil (BTC.L) Up Today, Despite Increase in Losses
2008-04-14 20:22:00 Shares in Baltic Oil Terminals (BTC.L) today continued their ride up, despite the news that the Kaliningrad-focused oil operator's pre-tax losses increased in 2007. At the time of polishing up this article Baltic Oil's shares were up by 0.61% hitting a price of 87.63p a share. The year of 2007 had been a tough fight which the group failed. They generated pre-tax losses of £11.8m in 2007, compared with £8.2m the previous year. However, revenues were up £ read more in hotstocked.com
Despite Writedowns and Loan Losses, Core Banking Businesses Remain Very Pro
2008-04-14 18:24:00 Since earnings season gets underway in full force this week, the headlines are going to look bad for the financial services industry as loan losses and asset writedowns lead to severe first quarter losses. However, investors need to focus on where these losses are coming from and how the core banking business is holding up during this mess.I bring this up because the media would have you believe that the banking business is broken and loan defaults by consumers on their mortgages, credit cards, car loans, and student loans are crippling the banks. Interestingly, that is simply not the case.Consider the first quarter earnings report from Wachovia (WB) issued this morning. The company reported revenue of $7.9 billion and a loss of more than $300 million, or $0.20 per share. That sounds bad, and it is, but digging deeper into the company's income statement reveals that more than 90% of WB's business remains extremely profitable, as you can see from the numbers below.Why is this impor... |
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