Business and Finance News
World stocks fall as data takes shine off earnings
Miami Herald
BANGKOK -- World markets fell Friday, overlooking strong earnings in Asia and Europe as Japanese shares tumbled on a strong yen and dour economic figures ahead of a key U.S. growth report.Global elec... FTSE fades ahead of US GDP figures
Guardian
is currently 26.23 points lower at 5287.72, as investor nervousness about the state of the global economy continues. On US GDP, Jim Reid at Deutsche Bank said: Rentokil cost-cutting drives 39% profits rise
Guardian
Rentokil Initial is expanding from its rat-catching roots to security guards, treatming bed bugs and delivering fresh fruit as it continues to overhaul the business.Last month Rentokil bought Knightsb... Metro Bank opens its first branch in London
Guardian
Santander poised for next phase of growth in Britain as profits rise by 10% Spanish bank could take over 318 Royal Bank of Scotland branches as early as next week Walt Disney Sells Miramax to Filmyard Holdings
CNBC
The sale of Miramax includes rights in over 700 movie titles including Academy Award winners such as "Chicago," "Shakespeare in Love" and "No Country for Old Men," Disney said. While Miramax has conti... Sony, Panasonic Withstand Strong Yen With Forecasts
Business Week
July 30 (Bloomberg) -- Sony Corp. and Panasonic Corp., the world’s largest consumer-electronics makers, signaled Japanese technology companies are withstanding slowing European demand and the st... Chalco Shares Rise on Guinea Iron Ore Stake Purchase
Business Week
July 30 (Bloomberg) -- Aluminum Corp. of China Ltd., the nation’s biggest producer of the metal, rose the most in more than four months in Shanghai trading after agreeing to buy a stake in Rio T... Experience on Wall Street? Don't run for office.
Fortune
FORTUNE -- Poor John Kasich. When he made that fateful decision in January 2001, he was just doing what politicians have done since time immemorial: he was taking a cushy Wall Street job between a cou... Citigroup agrees $75m fraud fine
BBC
Banking giant Citigroup has agreed to pay $75m (£48m) to settle civil charges that it misled investors over potential losses from high-risk mortgages. Earnings Watch: Updates, advisories and surprises
Market Watch
+0.28% ) said Friday that its first-half net profit fell 31% to $2.06 billion from $2.97 billion, while group revenue including associates rose 35% to $15.02 billion. Excluding tax and one-off items... Samsung Elec to introduce Android-based tablet in Q3
Fox Business
July 30, 2010 SEOUL, July 30 (Reuters) - Samsung Electronics Co plans to introduce tablet computers this quarter based on Google's Android operating system, joining a growing list of firms seekin... German Retail Sales Fall 0.9% In June
Fox Business
LONDON -- German retail sales fell 0.9% in June, the Federal Statistical Office reported Friday. Compared to the same month last year, sales rose 3.1%. Economists had forecast a 0.3% monthly decline.C... BA, Virgin Signal Arrival Of Recovery In Aviation
Fox Business
LONDON -(Dow Jones)- U.K. carriers British Airways PLC (BAY.LN) and Virgin Atlantic Friday signalled the start of recovery after they survived a tough economic downturn amid huge disruption from the I... FOREX-Dollar hits 8-month low vs yen before U.S. GDP
Fox Business
July 30, 2010 * Dollar hits 8-month low of 86.25 yen * Traders look to U.S. Q2 GDP to slow * Yen rises on Japanese exporters' month-end bids * Euro steady near 12-week high, supported by dlr w... Merck's Dutch Works Council Takes Company To Court
Fox Business
MRK ) Dutch research and development operations is taking the U.S. pharmaceutical firm to court over planned job cuts in the Netherlands, a works council spokesman said Friday, confirming earlier medi... Total 2Q Net Up 43% On Stronger Output, Prices, Dollar
Fox Business
TOT ) Friday posted a 43% increase in second-quarter net profit, boosted by stronger production, higher oil prices and a stronger dollar. Total's net profit was EUR3.1 billion for the three months to ... Mizuho posts a profit in Q1, keeps full-yr forecast
Fox Business
July 30, 2010 TOKYO, July 30 (Reuters) - Mizuho Financial Group, Japan's second-largest bank by assets, swung back on Friday to a profit for its first quarter, buoyed by smaller bad-loan costs and... Tire Maker Michelin Swings To First-half Profit
Fox Business
FRANKFURT -- French tire manufacturer Michelin SCA said Friday it swung to a first-half net profit of 504 million euros ($659 million) from a loss of €122 million in the same period a year ago. Sale... Anglo American Profit Down 31%, Dividend Announced
Fox Business
LONDON -- Mining group Anglo American said Friday that its first-half net profit fell 31% to $2.06 billion from $2.97 billion, while group revenue including associates rose 35% to $15.02 billion. Excl... EDF Gets Offer For UK Assets As Profit Drops 47%
Fox Business
FRANKFURT -- French power firm Electricite de France SA said Friday its first-half net profit dropped 47% to 1.66 billion euros ($2.17 billion) from €3.12 billion, with the result hurt by a provisio... Vedanta Resources Quarterly EBITDA Surges
Fox Business
LONDON -- Mining giant Vedanta Resources said Friday that its fiscal first-quarter earnings before interest, tax, depreciation and amortization jumped to $793.9 million, from $354.7 million in the yea...
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