Breaking Stories »

July 28, 2014 – 8:21 pm |

US economy failed to rebound in the second quarter of 2014 as much as investors expected and the American currency declined against Euro for the first time during the last seven days.

Tomorrow FED will begin meetings to debates the interest rates pace and if the Government is going to reduce further its bond purchase monthly amount.

Investors and analysts expect the rebound to be weaker than Read more […]

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Erina Sale Moves GPT Closer to Strategic Goals

May 31, 2013 – 1:00 pm |

GPT has sold a 50% interest in Erina Fair shopping centre in New South Wales for AUD 397.1 million at a modest 1% premium to the December valuation. The transaction lines up with GPT’s strategic intent to reduce its exposure to retail, which has fallen from 61% to 54% during the year. GPT’s target portfolio weighting is for 50% in retail, 35% in office and 15% in logistics and business parks. Overall, Read more […]

Sears Suffers More Losses; Turns Focus to Online Growth

May 31, 2013 – 11:15 am |

Sears Holdings continues to underscore both the competitive nature of the retail business and the sensitivity to macro factors, including the weather. The company announced a wider-than expected loss and a modest same-store sales decline (down 3.6% domestic) for the first quarter of 2013.

Online sales are still growing at a healthy clip, and analysts view developments and investments online positively, Read more […]

Revised Outlook Boost Ultratech’s Shares

May 31, 2013 – 10:00 am |

Ultratech stock has jumped close to $35 after management clarified that it expects customers to accept deliveries in the second half of the year. Ultratech’s shares fell nearly 25%, to around $30, after management was unable to provide full-year guidance on the first-quarter earnings call. Chipmakers were delaying system deliveries while deciding between two types of chip designs, and Ultratech did Read more […]

Transfield Offers Disappointing Quarterly Results

May 30, 2013 – 6:40 pm |

Transfield lowered fiscal 2013 underlying net profit after tax (NPAT) guidance to between AUD 62 and AUD 65 million (pre-amortisation and impairments). The downgrade follows the disappointing first-half fiscal 2013 result, with underlying NPAT down 18%, released in February. At the time, Transfield confidently forecast full-year underlying NPAT of between AUD 85 and AUD 90 million. However, the downgrade Read more […]

Agilent Posts Good Quarter but Pull Back on Guidance

May 30, 2013 – 1:20 pm |

Agilent Technologies reported fiscal second-quarter results Tuesday that were solidly above expectations, as lower-than-expected revenue was offset by solid expense management. Despite a solid quarter, the company again lowered fiscal 2013 expectations to incorporate steeper currency headwinds, further softness in the communications market, and sequestration effects.

Although top-line performance Read more […]

Leighton Announces Good Quarter; Debt Continues to Rise

May 30, 2013 – 2:00 am |

Leighton LEI reported first-quarter 2013 revenue (including joint ventures and associates) of AUD 5.4 billion, an increase of 5%. Net profit after tax (NPAT) was AUD 123 million, after a loss in 2012, a solid performance given the slowdown in contract mining work and adverse domestic weather conditions in key mining states. First quarter NPAT was consistent with our 2013 underlying NPAT forecast of Read more […]