(Reuters) - * Google Inc.'s profit up 59 percent, exceeding expectations. The company's core search and advertising business continued to outpace that of Microsoft and Yahoo.
* Google Inc. , Microsoft Corp. and Yahoo Inc. have all trained their sights on cellphones, which they see as the next great battleground in the Internet search wars.
Read more at Reuters.com Bonds News
Thursday, April 19, 2007
UPDATE 1-WPP Q1 like-for-like revenues up 4.3 pct
(Reuters) - LONDON, April 20 - WPP Group , the world's second-largest advertising company, said on Friday its first-quarter like-for-like revenues increased 4.3 percent, reflecting the strong global economic environment. Analysts had been expecting an increase in the region of 4.5 percent.
The company, whose agencies include JWT and Young & Rubicam, said it had seen some softness in the United States in the last few months, relative to the strong last half of 2006, but this had been largely counter-balanced by improvements in Western Europe.
Read more at Reuters.com Market News
The company, whose agencies include JWT and Young & Rubicam, said it had seen some softness in the United States in the last few months, relative to the strong last half of 2006, but this had been largely counter-balanced by improvements in Western Europe.
Read more at Reuters.com Market News
HK shares rebound, Country Garden gains in debut
(Reuters) - Country Garden Holdings Co. , which raised US$1.66 billion in the biggest-ever IPO by a Chinese developer, gained as much as 36.6 percent in its first trading day.
"We're a bit oversold yesterday, so we're having a bit of a buying frenzy," said Jackson Wong, investment manager at Tanrich Securities.
Read more at Reuters.com Hot Stocks News
"We're a bit oversold yesterday, so we're having a bit of a buying frenzy," said Jackson Wong, investment manager at Tanrich Securities.
Read more at Reuters.com Hot Stocks News
OPEC Crude Oil Shipments to Fall in Month Ending May 5, Oil Movements Says
(Bloomberg) -- OPEC's daily shipments of crude oil will probably slip 0.4 percent in the month ending May 5 as the group delivers on its commitment to trim supplies, consulting company Oil Movements predicted.
The Organization of Petroleum Exporting Countries will load 24.1 million barrels a day onto tankers in the period, compared with 24.2 million barrels a day in the month ended April 7, the Halifax, England-based consultant wrote in a report.
Read more at Bloomberg Energy News
The Organization of Petroleum Exporting Countries will load 24.1 million barrels a day onto tankers in the period, compared with 24.2 million barrels a day in the month ended April 7, the Halifax, England-based consultant wrote in a report.
Read more at Bloomberg Energy News
Altech strikes deal with black investors
(Reuters) - South African technology firm Allied Technologies (Altech) has sold part of its tracking system business Altech Alcom Matomo to black investors, the company said on Friday.
Altech did not give financial details, but said in a statement it had agreed a black economic empowerment (BEE) deal with black investment firm Platina Venture Holdings.
Read more at Reuters Africa
Altech did not give financial details, but said in a statement it had agreed a black economic empowerment (BEE) deal with black investment firm Platina Venture Holdings.
Read more at Reuters Africa
Argentina, Brazil, Colombia and Mexico: Latin America Local Bond Preview
(Bloomberg) -- The following events and economic reports may influence trading in Latin American local bonds today. Bond yields are from the previous session.
Argentina: Industrial output climbed 7 percent in March from a year earlier, the National Statistics Institute reported yesterday. The result fell below the 7.2 percent median estimate in a Bloomberg survey of seven economists.
Read more at Bloomberg Bonds News
Argentina: Industrial output climbed 7 percent in March from a year earlier, the National Statistics Institute reported yesterday. The result fell below the 7.2 percent median estimate in a Bloomberg survey of seven economists.
Read more at Bloomberg Bonds News
Japan's Nikkei Gains on Easing Concern Over Global Sell-Off, Led by Canon
(Bloomberg) -- Japan's Nikkei 225 Stock Average gained after the Dow Jones Industrial Average rose to a record in the U.S., easing concern a plunge yesterday in Chinese stocks would lead to a global equities sell-off.
Exporters such as Canon Inc., which led yesterday's slide, paced the rebound. Banks including Mitsubishi UFJ Financial Group Inc. declined on concern their profits will be eroded by losses at consumer finance affiliates.
Read more at Bloomberg Stocks News
Exporters such as Canon Inc., which led yesterday's slide, paced the rebound. Banks including Mitsubishi UFJ Financial Group Inc. declined on concern their profits will be eroded by losses at consumer finance affiliates.
Read more at Bloomberg Stocks News
SAP, Siemens, Swiss Re, Volkswagen Shares: European Stock Market Preview
(Bloomberg) -- The following stocks may rise or fall in European markets. Prices are from the last close.
The Dow Jones Stoxx 600 fell 0.4 percent to 384.39. The Dow Jones Stoxx 50 Index declined 0.4 percent to 3839.16. The Euro Stoxx 50 Index, a benchmark for the 13 nations using the euro, dropped 0.4 percent to 4339.93.
Read more at Bloomberg Stocks News
The Dow Jones Stoxx 600 fell 0.4 percent to 384.39. The Dow Jones Stoxx 50 Index declined 0.4 percent to 3839.16. The Euro Stoxx 50 Index, a benchmark for the 13 nations using the euro, dropped 0.4 percent to 4339.93.
Read more at Bloomberg Stocks News
Buy Double-No-Touch Australia-N.Z. Dollar Options, Advises Credit Suisse
(Bloomberg) -- Credit Suisse Group recommends buying three-month double-no-touch options on the Australian dollar versus New Zealand's, as interest rate increases in both countries will keep the currencies in a narrow range.
Switzerland's second-largest bank advised purchasing the options on the Australian dollar with triggers at NZ$1.0970 and NZ$1.1620. The Reserve Bank of New Zealand releases its rate decision on April 26, while Australia's central bank announces its policy on May 2.
Read more at Bloomberg Currencies News
Switzerland's second-largest bank advised purchasing the options on the Australian dollar with triggers at NZ$1.0970 and NZ$1.1620. The Reserve Bank of New Zealand releases its rate decision on April 26, while Australia's central bank announces its policy on May 2.
Read more at Bloomberg Currencies News
Muslim Swimwear Helps Mend Australian Divide, Makes Waves in Sport Market
(Bloomberg) -- Aheda Zanetti says she wants Muslim women wearing Islamic-style swimwear to be a regular sight on Australian beaches -- and in elite sporting contests worldwide.
The Sydney designer's two-piece, head-to-toe bathing suit, dubbed the burqini, was adopted by Australia's new Muslim lifeguards this year. The women volunteered to help watch over Sydney beachgoers after race riots during the 2005 southern summer strained community ties.
Read more at Bloomberg Exclusive News
The Sydney designer's two-piece, head-to-toe bathing suit, dubbed the burqini, was adopted by Australia's new Muslim lifeguards this year. The women volunteered to help watch over Sydney beachgoers after race riots during the 2005 southern summer strained community ties.
Read more at Bloomberg Exclusive News
European Government Bonds Head for Weekly Gain; Traders Shun Risky Assets
(Bloomberg) -- European government bonds are poised to advance, snapping a four-week losing streak, as a decline in equity markets stoked demand for the safety of fixed income securities.
Benchmark 10-year bunds have risen this week as yields near their highest in highest in more than 2 1/2 years lured investors exiting riskier assets. Debt also gained as the euro strengthened against the dollar for a fourth straight week, stoking concern about growth in the $10.4 trillion euro-region economy.
Read more at Bloomberg Bonds News
Benchmark 10-year bunds have risen this week as yields near their highest in highest in more than 2 1/2 years lured investors exiting riskier assets. Debt also gained as the euro strengthened against the dollar for a fourth straight week, stoking concern about growth in the $10.4 trillion euro-region economy.
Read more at Bloomberg Bonds News
Shanghai Rubber Futures Decline to a Three-Week Low on China Rate Concern
(Bloomberg) -- Rubber futures on the Shanghai Futures Exchange, the biggest market for the commodity, fell to a three-week low on concern that demand for the raw material may decline should China raise interest rates to cool its economy.
China may raise rates twice this year after a government report yesterday showed that economic growth accelerated to 11.1 percent in the first quarter, the second-fastest pace in 12 years. Premier Wen Jiabao is trying to stop cash from a record trade surplus from overheating the economy.
Read more at Bloomberg Commodities News
China may raise rates twice this year after a government report yesterday showed that economic growth accelerated to 11.1 percent in the first quarter, the second-fastest pace in 12 years. Premier Wen Jiabao is trying to stop cash from a record trade surplus from overheating the economy.
Read more at Bloomberg Commodities News
Taiwan says foreign firm eyes stake in bank CUTIC
(Reuters) - "The firm paid us a visit recently. They are working on DD on CUTIC, and that can be completed in the next seven to 10 days," said Susan Chang, administrative vice chairwoman of the Financial Supervisory Commission .
Chang declined to name the firm, but the Economic Daily identified it as Canada's AGF Management , which has $45.45 billion assets under management.
Read more at Reuters.com Mergers News
Chang declined to name the firm, but the Economic Daily identified it as Canada's AGF Management , which has $45.45 billion assets under management.
Read more at Reuters.com Mergers News
PRESS DIGEST - Washington Post - April 20
(Reuters) - Attorney General Alberto Gonzales came under withering attack from members of his own party over the dismissals of eight U.S. attorneys, facing the first resignation demand from a Republican member of the Senate Judiciary Committee.
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Read more at Reuters.com Bonds News
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Read more at Reuters.com Bonds News
Nasdaq CEO says 'maintains optionality' on LSE
(Reuters) - The comment mirrored Greifeld's previous statements with regards to the stake that Nasdaq is maintaining after LSE shareholders in February overwhelmingly rejected a hostile takeover bid.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
Genesis HealthCare says Formation, JER Partners up offer price
(Reuters) - The previous offer was $63 a share, or $1.25 billion.
JER and Formation said the latest offer was its "best and final" price and that if Genesis shareholders did not vote in favor of the deal, then they would focus on other attractive acquisition opportunities.
Read more at Reuters.com Mergers News
JER and Formation said the latest offer was its "best and final" price and that if Genesis shareholders did not vote in favor of the deal, then they would focus on other attractive acquisition opportunities.
Read more at Reuters.com Mergers News
Calpine Reaches Preliminary Agreement With Holders of $12 Billion in Bonds
(Bloomberg) -- Calpine Corp., the bankrupt power generator, said it reached a preliminary settlement with a committee of bondholders that will eliminate a large group of duplicate claims filed in its bankruptcy case.
The settlement, which requires U.S. bankruptcy court approval, will reduce $12 billion in claims tied to bonds in a Calpine unit to a single claim of $3.5 billion, the San Jose, California-based company said in a statement distributed today by PRNewswire. The company said it will also seek approval from HSBC Bank USA, the indenture trustee on the bonds.
Read more at Bloomberg Bonds News
The settlement, which requires U.S. bankruptcy court approval, will reduce $12 billion in claims tied to bonds in a Calpine unit to a single claim of $3.5 billion, the San Jose, California-based company said in a statement distributed today by PRNewswire. The company said it will also seek approval from HSBC Bank USA, the indenture trustee on the bonds.
Read more at Bloomberg Bonds News
Oil Falls After Enbridge Resumes Shipments on Canadian Pipeline to U.S.
(Bloomberg) -- Crude oil fell below $62 a barrel in New York after Enbridge Inc., which supplies Canadian oil to the U.S., resumed shipments through a pipeline that was shut because of a leak.
The pipeline segment that ruptured was replaced and deliveries started yesterday at 5:40 p.m. Calgary time, the company said. The June through September futures contracts were down less than the May contract amid speculation U.S. crude-oil demand will surge. A government report yesterday showed that refiners bolstered operating rates by 2 percentage points.
Read more at Bloomberg Energy News
The pipeline segment that ruptured was replaced and deliveries started yesterday at 5:40 p.m. Calgary time, the company said. The June through September futures contracts were down less than the May contract amid speculation U.S. crude-oil demand will surge. A government report yesterday showed that refiners bolstered operating rates by 2 percentage points.
Read more at Bloomberg Energy News
UPDATE 1-Delphi says Cerberus out as plan investor
(Reuters) - Cerberus may still participate in the reorganization as part of Delphi's exit financing package, and the parts maker may consider possible additional investors, Delphi said.
The other plan investors, including co-leader Appaloosa Management LP, are expected to continue as investors, Delphi said. Cerberus had pledged to invest up to $1.7 billion, with the other half coming from the rest of the group.
Read more at Reuters.com Bonds News
The other plan investors, including co-leader Appaloosa Management LP, are expected to continue as investors, Delphi said. Cerberus had pledged to invest up to $1.7 billion, with the other half coming from the rest of the group.
Read more at Reuters.com Bonds News
UPDATE 1-NY seeks to take lead in clean-energy policy
(Reuters) - The Democratic governor hopes to attract private investment in clean energy, wind, solar and hydropower by enacting a new environmentally sound and speedy siting law.
However, he ruled out nuclear power, telling reporters after a breakfast meeting, "There is simply no tolerance in New York State for additional nuclear plants."
Read more at Reuters.com Bonds News
However, he ruled out nuclear power, telling reporters after a breakfast meeting, "There is simply no tolerance in New York State for additional nuclear plants."
Read more at Reuters.com Bonds News
UPDATE 3-Altria profit misses estimates, still mulling PMI spin
(Reuters) - CHICAGO, April 19 - Altria Group Inc. posted quarterly earnings below expectations on Thursday as weakness in its Philip Morris USA tobacco business overshadowed improved results abroad.
The company, whose shares fell almost 2 percent, also said it could be several months before it decides whether to spin off the Philip Morris International business.
Read more at Reuters.com Bonds News
The company, whose shares fell almost 2 percent, also said it could be several months before it decides whether to spin off the Philip Morris International business.
Read more at Reuters.com Bonds News
Taser's New Palm-Sized Pink Stun Gun Is Giving Police Officers the Jitters
(Bloomberg) -- Police groups say Taser International Inc.'s latest consumer weapon, a palm-sized stun gun in metallic pink and three other colors that will start shipping next month, may end up helping the bad guys.
``Inevitably, this will fall into criminal hands,'' said James Pasco, Washington-based executive director of the Fraternal Order of Police, the largest law-enforcement labor union, with more than 325,000 members. ``It will also be in a lot of untrained hands.''
Read more at Bloomberg Exclusive News
``Inevitably, this will fall into criminal hands,'' said James Pasco, Washington-based executive director of the Fraternal Order of Police, the largest law-enforcement labor union, with more than 325,000 members. ``It will also be in a lot of untrained hands.''
Read more at Bloomberg Exclusive News
GM's first-quarter global sales up 3 percent
(Reuters) - At 1.36 million vehicles, first-quarter sales outside the United States accounted for about 60 percent of GM's total sales, growing at close to 10 percent, the company said.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Coal miner Peabody posts lower quarterly profit
(Reuters) - In January, Peabody lowered earnings and production estimates for the first quarter and full year, saying it was managing production to match demand and prices, which have slipped recently from historic highs.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
UPDATE 1-Cooper quarterly profit rises 22 percent
(Reuters) - Earnings rose 22 percent to $131.9 million, or 71 cents per share, compared with $107.7 million, or 57 cents per share, a year earlier.
Analysts, on average, expected profit of 66 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
Analysts, on average, expected profit of 66 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
UPDATE 2-Slot machine maker IGT misses estimates
(Reuters) - The company also said its board had increased its share buyback authorization by 50 million shares.
Net income rose to $128.2 million, or 38 cents a share, from $124 million, or 35 cents a share, a year earlier.
Read more at Reuters.com Market News
Net income rose to $128.2 million, or 38 cents a share, from $124 million, or 35 cents a share, a year earlier.
Read more at Reuters.com Market News
Merrill Lynch first-quarter earnings jump
(Reuters) - The big trading revenue increase comes after several years after Merrill Lynch boosted its commitment to areas like trading and private equity to catch up to rivals like Goldman Sachs Group Inc.
"The investments Merrill Lynch has made to diversify its franchise have clearly paid off," said analyst Joseph Dickerson of Atlantic Equities in London.
Read more at Reuters.com Market News
"The investments Merrill Lynch has made to diversify its franchise have clearly paid off," said analyst Joseph Dickerson of Atlantic Equities in London.
Read more at Reuters.com Market News
UPDATE 1-Coal miner Peabody profit down, eyes spinoff
(Reuters) - "Peabody believes it can unlock significant long-term shareholder value from the separation of these entities," President and Chief Executive Gregory H. Boyce said in a statement.
The review of those properties that hold more than 1.5 billion tons of prove and probable coal reserves is expected to be completed in the coming months, it said.
Read more at Reuters.com Market News
The review of those properties that hold more than 1.5 billion tons of prove and probable coal reserves is expected to be completed in the coming months, it said.
Read more at Reuters.com Market News
Mexico's Televisa analyzes Satmex as possible buy
(Reuters) - "However, we have not made any decision yet on whether we are going forward or not," he added.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
UPDATE 1-Reliance Steel profit up on acquisitions
(Reuters) - The company said growth in its key segments would moderate this year, but it still expects record earnings and sales.
"We believe that our major markets, including aerospace, energy, nonresidential construction, electronic and semiconductors, as well as rail car and ship building, will continue to grow, but at a slower rate than in 2006," David Hannah, chief executive officer, said in a statement.
Read more at Reuters.com Market News
"We believe that our major markets, including aerospace, energy, nonresidential construction, electronic and semiconductors, as well as rail car and ship building, will continue to grow, but at a slower rate than in 2006," David Hannah, chief executive officer, said in a statement.
Read more at Reuters.com Market News
S.Africa to create telecoms infrastructure firm
(Reuters) - South Africa plans to group the broadband infrastructure assets of state-owned firms Eskom and Transnet as the country looks for ways to cut high phone and Internet tariffs.
A government statement said the cabinet had approved the formation of a company called Infraco, which is expected to lease its inter-city network to South Africa's new fixed-line operator, Neotel.
Read more at Reuters Africa
A government statement said the cabinet had approved the formation of a company called Infraco, which is expected to lease its inter-city network to South Africa's new fixed-line operator, Neotel.
Read more at Reuters Africa
UPDATE 1-James Richardson matches Saskpool bid for Agricore
(Reuters) - The combined company would be privately held, with James Richardson and Sons Ltd. the majority owner and Ontario Teachers' Pension Plan owning a significant minority stake, Agricore said.
Agricore said the all-cash bid of C$19.25 per share from Richardson, Canada's No. 3 grain handler, matches a competing offer that Saskatchewan Wheat Pool , the country's second-largest grain company, made last Friday.
Read more at Reuters.com Mergers News
Agricore said the all-cash bid of C$19.25 per share from Richardson, Canada's No. 3 grain handler, matches a competing offer that Saskatchewan Wheat Pool , the country's second-largest grain company, made last Friday.
Read more at Reuters.com Mergers News
U.S. Treasuries Pare Gains and Are Little Changed After a Three-Day Rally
(Bloomberg) -- U.S. Treasuries were little changed, erasing gains after a three-day rally.
Bonds have gained this week, fueled by a government report released on April 17 that showed inflation excluding energy and food slowed more than economists forecast in March. Treasuries also benefited earlier today as declines in stock markets fed demand for the safest assets.
Read more at Bloomberg Bonds News
Bonds have gained this week, fueled by a government report released on April 17 that showed inflation excluding energy and food slowed more than economists forecast in March. Treasuries also benefited earlier today as declines in stock markets fed demand for the safest assets.
Read more at Bloomberg Bonds News
U.S. Stocks Drop on China Interest-Rate Concern; Dow Slides From a Record
(Bloomberg) -- U.S. stocks fell for the first time this week after faster-than-forecast growth in China's economy heightened speculation the country must raise interest rates.
The Dow Jones Industrial Average slipped from a record as commodity producers Exxon Mobil Corp. and Alcoa Inc. retreated on concern higher borrowing costs in China would reduce the nation's demand for oil and metals. Altria Group Inc. was the worst performer in the Dow after the company reported a drop in first- quarter profit.
Read more at Bloomberg Stocks News
The Dow Jones Industrial Average slipped from a record as commodity producers Exxon Mobil Corp. and Alcoa Inc. retreated on concern higher borrowing costs in China would reduce the nation's demand for oil and metals. Altria Group Inc. was the worst performer in the Dow after the company reported a drop in first- quarter profit.
Read more at Bloomberg Stocks News
TREASURIES-Taking helm, bond bulls rack up 4th day of gains
(Reuters) - A decline in Asian and European stock markets overnight also rekindled some risk-aversion among investors, also bolstering the outlook for bonds.
"There is an underlying bullishness in the market," said Rudy Narvas, senior analyst at 4Cast Ltd.
Read more at Reuters.com Bonds News
"There is an underlying bullishness in the market," said Rudy Narvas, senior analyst at 4Cast Ltd.
Read more at Reuters.com Bonds News
TREASURIES-Jobless ranks provide more ammo for bond bulls
(Reuters) - NEW YORK, April 19 - U.S. Treasury debt rallied for a fourth session on Thursday after a surprisingly high reading on weekly jobless claims lent further momentum to an already bullish market.
A decline in Asian and European stock markets overnight also rekindled the sort of risk-aversion that tends to benefit government bonds.
Read more at Reuters.com Bonds News
A decline in Asian and European stock markets overnight also rekindled the sort of risk-aversion that tends to benefit government bonds.
Read more at Reuters.com Bonds News
Va Tech families skip NBC after it aired killer pics
(Reuters) - South Korean student Cho Seung-Hui mailed photographs of himself posing with the guns he bought and video railing against rich kids and debauchery. The package to NBC News was mailed after he killed his first two victims on Monday morning but before he cut down 30 more people in classrooms.
While NBC acknowledged that Cho's images and rants were likely devastating to the victims' families and that its news division was split over whether to air the material, NBC News President Steve Capus defended the decision to do so, arguing it only showed a small amount of the images they received.
Read more at Reuters.com Bonds News
While NBC acknowledged that Cho's images and rants were likely devastating to the victims' families and that its news division was split over whether to air the material, NBC News President Steve Capus defended the decision to do so, arguing it only showed a small amount of the images they received.
Read more at Reuters.com Bonds News
Aspreva, Continental Airlines, Novellus, St. Jude: U.S. Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in U.S. exchanges today. This preview includes news that broke after exchanges closed yesterday. Stock symbols are in parentheses after company names. Share prices are as of 8:45 a.m. New York time.
American Standard Cos. (ASD US) rose $1.94, or 3.7 percent, to $54.50 in trading before the open of U.S. exchanges. The manufacturer, which plans to sell its kitchen-and-bath division and spin off its vehicle-controls unit, raised its full-year profit forecast to a range of $3.30 to $3.40 per share, excluding some items. Sixteen analysts polled by Bloomberg estimated $3.18 on average.
Read more at Bloomberg Stocks News
American Standard Cos. (ASD US) rose $1.94, or 3.7 percent, to $54.50 in trading before the open of U.S. exchanges. The manufacturer, which plans to sell its kitchen-and-bath division and spin off its vehicle-controls unit, raised its full-year profit forecast to a range of $3.30 to $3.40 per share, excluding some items. Sixteen analysts polled by Bloomberg estimated $3.18 on average.
Read more at Bloomberg Stocks News
Saudi Billionaire Maan Al-Sanea Intends to Borrow as Much as $5 Billion
(Bloomberg) -- Maan al-Sanea, the Saudi billionaire who is the second-biggest shareholder in HSBC Holdings Plc, plans to borrow $5 billion to help finance real- estate purchases and investments.
Saad Trading Contracting & Financial Services Co., one of al-Sanea's Saad Group of companies based in al-Khobar, Saudi Arabia, will borrow $5 billion within a 20-year plan ``to diversify its investments inside and outside the kingdom,'' the company said in a statement e-mailed today.
Read more at Bloomberg Bonds News
Saad Trading Contracting & Financial Services Co., one of al-Sanea's Saad Group of companies based in al-Khobar, Saudi Arabia, will borrow $5 billion within a 20-year plan ``to diversify its investments inside and outside the kingdom,'' the company said in a statement e-mailed today.
Read more at Bloomberg Bonds News
BCE, Bell Aliant, First Uranium and Husky Energy: Canadian Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets today. This preview includes news that broke after markets closed yesterday. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index added 54.01, or 0.4 percent, to a record 13,711.96, yesterday in Toronto.
Read more at Bloomberg Stocks News
The Standard & Poor's/TSX Composite Index added 54.01, or 0.4 percent, to a record 13,711.96, yesterday in Toronto.
Read more at Bloomberg Stocks News
Altria profit up excluding Kraft
(Reuters) - The company's Philip Morris International unit benefited from price increases in some markets and also from the weaker dollar, which increases the dollar value of sales overseas.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
CBOT profit rises on strong trading volume
(Reuters) - Revenues were $187.7 million, up 34 percent from $140.1 million a year earlier.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
UPDATE 1-Swatch Group says 8 bln Sfr sales possible by 2010
(Reuters) - By Laura MacInnis
GENEVA, April 19 - Swatch Group , the world's largest watchmaker, will top 8 billion Swiss francs
Read more at Reuters.com Market News
GENEVA, April 19 - Swatch Group , the world's largest watchmaker, will top 8 billion Swiss francs
Read more at Reuters.com Market News
Rupee Weakens for Third Day on Speculation Importers in India Will Sell
(Bloomberg) -- India's rupee headed for the biggest drop in three weeks on speculation importers sold the currency, betting a rally to an almost nine-year high was overdone.
The rupee, up 4.6 percent in the past month, is the second- best performer among 15 actively traded currencies in the Asia- Pacific region, according to data compiled by Bloomberg. The gains make imports such as crude oil cheaper.
Read more at Bloomberg Currencies News
The rupee, up 4.6 percent in the past month, is the second- best performer among 15 actively traded currencies in the Asia- Pacific region, according to data compiled by Bloomberg. The gains make imports such as crude oil cheaper.
Read more at Bloomberg Currencies News
Highland Capital eyeing new Delphi bid: WSJ
(Reuters) - Highland, which is based in Dallas, wrote to Delphi on Wednesday, expressing its interest in making another offer, the Journal reported, citing unnamed sources and a draft of the letter.
Delphi is interested in knowing more about Highland's potential offer but wants to be convinced the hedge fund can sway the UAW, the paper said.
Read more at Reuters.com Business News
Delphi is interested in knowing more about Highland's potential offer but wants to be convinced the hedge fund can sway the UAW, the paper said.
Read more at Reuters.com Business News
U.K. FTSE 100 Benchmark Drops for Third Day; Mining Companies Lead Slump
(Bloomberg) -- U.K. stocks declined for the third straight session on concern China is preparing to raise interest rates to control economic growth.
BHP Billiton Ltd. and Rio Tinto Group paced a decline by companies that generate a high proportion of sales in China. BP Plc slipped as Merrill Lynch & Co. recommended investors reduce their holdings in the company.
Read more at Bloomberg Stocks News
BHP Billiton Ltd. and Rio Tinto Group paced a decline by companies that generate a high proportion of sales in China. BP Plc slipped as Merrill Lynch & Co. recommended investors reduce their holdings in the company.
Read more at Bloomberg Stocks News
U.K. Shares Slide, Paced by BP, Shell; Anglo American Leads Miners Lower
(Bloomberg) -- U.K. stocks declined, paced by BP Plc and Royal Dutch Shell Plc. Anglo American Plc led shares of mining companies lower.
The benchmark FTSE 100 Index slipped 45.5, or 0.7 percent, to 6403.90 at 8:10 a.m. The FTSE All-Share Index lost 0.7 percent to 3329.42. Ireland's ISEQ Index dropped 0.5 percent to 9588.14.
Read more at Bloomberg Stocks News
The benchmark FTSE 100 Index slipped 45.5, or 0.7 percent, to 6403.90 at 8:10 a.m. The FTSE All-Share Index lost 0.7 percent to 3329.42. Ireland's ISEQ Index dropped 0.5 percent to 9588.14.
Read more at Bloomberg Stocks News
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