Thursday, July 29, 2010

Business - 29 July 2010

  • China: No Crunch, Just A Sag?
    Thu, 29 Jul 2010 16:34:10 -0700
    A rebound seems to be underway in the Chinese sharemarket after the big fall this year.That's because, as the AMP's chie...
  • NERF: Hasbro's Play in the Toy Arms Race
    Thu, 29 Jul 2010 07:18:19 -0700
  • BSkyB profits on high definition
    Thu, 29 Jul 2010 07:17:31 -0700
    Satellite TV group BSkyB reports a sharp jump in profits, driven by new subscriptions, particularly for high definition services.
  • Fugitive Asil Nadir in bail bid
    Thu, 29 Jul 2010 07:13:54 -0700
    Fugitive tycoon Asil Nadir begins a legal bid to be granted bail in the UK.
  • Stocks modestly higher on drop in jobless claims, strong earnings reports
    Thu, 29 Jul 2010 07:13:24 -0700
    Stocks are climbing as traders are emboldened by a modest decline in jobless claims and a spate of strong earnings reports.
  • Amazon.com Introduces $139 Kindle Amid Apple Tussle
    Thu, 29 Jul 2010 07:09:00 -0700
    Amazon.com Inc. Chief Executive Officer Jeff Bezos cut prices and added features to the Kindle to defend it against a threat from Apple Inc. in the fast- growing market for electronic readers.
  • Korea Firm Courts Harrah’s for Cambodia Angkor Casino
    Thu, 29 Jul 2010 07:09:00 -0700
    South Korean developer Intercity Group plans to start construction in October on a $400 million casino resort complex near Cambodia’s Angkor Wat temples that aims to draw high rollers from Macau and Singapore.
  • Small biz wants piece of $20 billion oil spill pie
    Thu, 29 Jul 2010 07:05:27 -0700
    Business owners in Florida believe Kenneth Feinberg will manage the $20 billion oil spill claims fund fairly and efficiently, but because of the complicated nature of their claims, they're anxious about how much they'll get paid.
  • Exxon Mobil profit nearly doubles
    Thu, 29 Jul 2010 07:04:05 -0700
    Exxon Mobil Corp. reported quarterly earnings Thursday that easily beat analysts' expectations on higher crude prices and improved refining margins.
  • Exxon Profit Rises Most Since 2003 as Output Climbs
    Thu, 29 Jul 2010 07:04:00 -0700
    Exxon Mobil Corp. posted its biggest profit increase since 2003, exceeding analysts’ estimates, as rising production helped the largest U.S. oil company take advantage of gains in energy prices.
  • BT profit up despite revenue fall
    Thu, 29 Jul 2010 07:02:31 -0700
    BT reports what it describes as "acceptable" quarterly results, with profits sharply higher despite a fall in revenue.
  • Stocks, Euro, Copper Rally on Earnings, Economic Optimism
    Thu, 29 Jul 2010 07:02:00 -0700
    Stocks rose, extending the biggest monthly rally in more than a year for the Standard & Poor’s 500 Index, and the euro and copper gained on better-than-estimated earnings, a decrease in U.S. jobless claims and improving confidence in Europe’s economy.
  • Exxon's Big Quarter Not A Reason To Buy
    Thu, 29 Jul 2010 07:00:00 -0700
    Look for break of resistance at $64 before moving off sidelines.
  • Stocks gain on earnings
    Thu, 29 Jul 2010 06:52:15 -0700
    Stocks rallied early Thursday after Exxon Mobil and others reported better-than-expected quarterly earnings and a report showed a drop in weekly jobless claims.
  • Toyota says to recall 412,000 cars in the U.S.
    Thu, 29 Jul 2010 06:49:44 -0700
    TOKYO (Reuters) - Japan's Toyota Motor Corp said on Thursday it would recall 412,000 high-end passenger cars in the United States to fix steering problems.


  • Toyota recalls 400,000 cars over steering issues
    Thu, 29 Jul 2010 06:49:30 -0700
    Toyota Motor Corp. said Thursday it was recalling more than 400,000 older-model vehicles sold in the United States, citing potential steering-related problems in both.
  • Moscow Breaks Heat Record as Wildfire Smoke Lingers
    Thu, 29 Jul 2010 06:48:00 -0700
    Moscow set a heat record for the second time in a week as the Russian capital remained wrapped in smoke from wildfires on dry peat bogs east of the city.
  • Sanofi Board Said to Support Genzyme Bid of Up to $70
    Thu, 29 Jul 2010 06:46:00 -0700
    Sanofi-Aventis SA Chief Executive Officer Chris Viehbacher has support from his board of directors to offer as much as $70 a share for Genzyme Corp., or about $18.7 billion, said three people with knowledge of the situation.
  • No Rush To Take A Bite Of Colgate
    Thu, 29 Jul 2010 06:45:23 -0700
    Consumer products company matches earnings estimates, but revenue falls short.
  • Shell sees profits almost double
    Thu, 29 Jul 2010 06:44:27 -0700
    Second-quarter profits at oil giant Royal Dutch Shell almost double after it completes a year-long restructuring programme.
  • Latin America: Investment potential
    Thu, 29 Jul 2010 06:44:09 -0700
    Devan Kaloo, Head of the Global Emerging Markets team at Abderdeen, tells Robert Miller about the investment potential for the group's new Latin American Income Fund.
  • Wall Street opens higher after jobless claims
    Thu, 29 Jul 2010 06:39:56 -0700
    NEW YORK (Reuters) - Wall Street rose at the open on Thursday on strong earnings from companies including Exxon Mobil and after a drop in weekly jobless claims offered hope for the anemic labor market recovery.


  • Big Families Are Back In Style
    Thu, 29 Jul 2010 06:38:00 -0700
    Some working moms are saying four kids is the new two.
  • Google Puts On Its Game Face To Challenge Facebook
    Thu, 29 Jul 2010 06:36:25 -0700
    Google is turning to social networking games to compete with Facebook and to help restore its jugger
  • Stocks Halt Two-Day Dip After Exxon Excels
    Thu, 29 Jul 2010 06:35:00 -0700
    Oil giant's big profit, slight fall in jobless claims bolster Street Thursday morning.
  • Fired? Not So Fast: How To Negotiate Your Job Back
    Thu, 29 Jul 2010 06:33:17 -0700
    It's possible to negotiate back your job, even after you've been given the pink slip.
  • Exxon profit tops Wall Street, output up 8 pct
    Thu, 29 Jul 2010 06:30:38 -0700
    HOUSTON (Reuters) - Exxon Mobil Corp reported a better-than-expected second-quarter profit on Thursday, as oil prices and margins to process crude into fuel rebounded from a year earlier and production rose.
  • Motorola profit, revenue beat Wall St view
    Thu, 29 Jul 2010 06:30:26 -0700
    NEW YORK (Reuters) - Motorola Inc posted quarterly earnings and revenue that beat Wall Street expectations driven by products such as mobile network equipment, sending its shares up 1 percent.
  • The Future Is Cloudy
    Thu, 29 Jul 2010 06:23:00 -0700
    And that suits Microsoft just fine.
  • Bank of Baroda to maintain 25 pct profit growth in FY11
    Thu, 29 Jul 2010 06:20:38 -0700
    MUMBAI (Reuters) - State-run lender Bank of Baroda expects to maintain 25 percent growth in profit in FY11, and may raise 20 billion rupees in additional capital to achieve this, officials said on Thursday.
  • Toshiba leads Japan chips rebound, outlook cautious
    Thu, 29 Jul 2010 06:20:26 -0700
    TOKYO (Reuters) - Japanese chipmaker earnings beat expectations on Thursday thanks to booming chip demand but the strong yen, the uncertain outlook in Europe and the prospect of a new chip glut remain a worry for Toshiba and its peers.
  • Jobless claims fall, raise optimism for recovery
    Thu, 29 Jul 2010 06:15:41 -0700
    WASHINGTON (Reuters) - New U.S. claims for unemployment benefits fell slightly more than expected last week, offering a ray of hope for the anemic labor market recovery.


  • Hero Honda quarterly net dips, margin pressure to continue
    Thu, 29 Jul 2010 06:10:38 -0700
    MUMBAI (Reuters) - Hero Honda Motors, on Thursday reported a 1.6 percent dip in quarterly net profit, its first decline in 11 quarters, and analysts said margins would remain under pressure in the current quarter as well.
  • Nagarjuna Fertilizers net up on better gas usage
    Thu, 29 Jul 2010 06:10:26 -0700
    MUMBAI (Reuters) - Urea and plant nutrients maker Nagarjuna Fertilizers and Chemicals' quarterly net profit jumped 17.5 percent on improved availability and usage of natural gas.
  • Shell Q2 profits double, upping asset sales
    Thu, 29 Jul 2010 06:06:45 -0700
    LONDON (Reuters) - Royal Dutch Shell Plc said second-quarter profits doubled thanks to high oil prices and bigger than expected restructuring gains and unveiled a plan to boost asset sales, echoing a plan from rival BP .


  • Exxon profit tops Wall Street
    Thu, 29 Jul 2010 06:02:27 -0700
    HOUSTON (Reuters) - Exxon Mobil Corp reported a better-than-expected second-quarter profit on Thursday, as oil prices and margins to process crude into fuel rebounded from a year earlier and production rose.


  • US futures point to higher opening after jobs data
    Thu, 29 Jul 2010 05:59:00 -0700
    Futures on U.S. stock indices point to higher opening after Department of Labor reported that weekly jobless claims declined slightly.
  • Hertz says reviewing Avis' offer for Dollar Thrifty
    Thu, 29 Jul 2010 05:55:18 -0700
    BANGALORE (Reuters) - Hertz Global Holdings Inc is reviewing Avis Budget Group Inc's bid for Dollar Thrifty Automotive Group , a company spokesperson told Reuters.


  • Panasonic buying Sanyo and other unit for $9.4 billion
    Thu, 29 Jul 2010 05:44:58 -0700
    TOKYO (Reuters) - Japan's Panasonic Corp said it would buy out subsidiaries Sanyo Electric and Panasonic Electric Works for up to $9.4 billion in cash and shares to accelerate its push into greener businesses.


  • Butter could be used to make biodiesel fuel: study
    Thu, 29 Jul 2010 05:31:36 -0700
    Farm product butter could be used as an eco-friendly feedstock or raw material for making biodiesel fuel, according to the U.S.-based scientific society American Chemical Society.
  • Feinberg To Disclose Salary, Acknowledges 'Perception Of Conflict'
    Thu, 29 Jul 2010 05:30:59 -0700
    Last week, we asked whether keeping BP oil-spill fund administrator Kenneth Feinberg's pay confident
  • POLL - Equity funds plan to raise stock bets
    Thu, 29 Jul 2010 05:30:38 -0700
    MUMBAI (Reuters) - Equity fund managers plan to raise exposure to equities and may favour engineering and construction stocks over the next three months, a Reuters poll showed.
  • Sterling at 5-mth high vs broadly weaker dollar
    Thu, 29 Jul 2010 05:14:26 -0700
    Sterling rose to a five-month high versus a broadly weaker dollar on Thursday, underpinned by recent UK data surprises.
  • Why is India not exporting wheat despite huge stocks?
    Thu, 29 Jul 2010 05:11:12 -0700
    India, the world's second-biggest wheat producer, is sitting on huge stockpiles of the grain after four consecutive bumper harvests.
  • Motorola profit and revenue beat Wall Street view
    Thu, 29 Jul 2010 05:07:57 -0700
    NEW YORK (Reuters) - Motorola Inc posted quarterly earnings and revenue that beat Wall Street expectations driven by products such as mobile network equipment, sending its shares up 1 percent.

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