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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James Hardie’s Earnings Reflect U.S. Housing Recovery

May 28, 2013 – 4:55 pm |

Supported by the gradual recovery in U.S. housing activity, James Hardie reported top-line growth of 6% in fourth quarter 2013, taking full-year sales 7% higher to USD 1.32 billion. Like the third quarter, demand for lower-priced products and costs associated with increasing capacity and improving plant efficiency, are hurting margins.

Despite some improvement in the fourth quarter, group earnings Read more […]

Priceline Reports Solid Results, Booking Volume Remains High

May 28, 2013 – 7:36 am |

Online travel agent Priceline posted first-quarter results that exceeded company forecasts and analysts estimates, thanks to strong booking and revenue growth coupled with smaller than expected deleverage on the online marketing spend line. Although management continues to voice caution about the economic outlook in Priceline’s core European market, the travel agent’s strong branding and network effect Read more […]

Higher Trading Revenue Offsets Slow Loan Growth for National Bank of Canada

May 27, 2013 – 10:09 am |

National Bank of Canada NA reported net income of CAD 434 million or CAD 2.49 per diluted share, for the second quarter of 2013, compared with CAD 553 million or CAD 3.25 last year. However, there were non-recurring items for both this quarter and the quarter a year ago. This year, results included a CAD 137 million increase in the fair value of restructured notes. Without the increase, net income Read more […]

Danone Seeking Larger Share of Chinese Dairy Market

May 27, 2013 – 10:08 am |

Danone continues to feed its hunger for tie-ups with the announcement that it intends to form two joint ventures to expand its presence in the Chinese dairy market. One agreement with China Mengniu Dairy will work to extend yogurt production in China; Danone will own 20% of the joint venture and Mengniu will own the rest. In addition, Danone plans to form a joint venture with Cofco (a statecontrolled Read more […]

Abercrombie Results Fall Short of Expectations

May 27, 2013 – 8:31 am |

The competitiveness of the teen apparel industry was apparent in Abercrombie’s ANF first-quarter results today, with both the top and bottom lines falling short of investor expectations. The continuous discounting to attract a cautious consumer in order to drive traffic persisted, impairing any pricing power Abercrombie could wield and reinforcing the view that the company lacks an economic moat. Read more […]

InvoCare Sees Solid Growth in First Quarter of the Year

May 27, 2013 – 8:07 am |

At its annual general meeting, InvoCare said total sales revenue for the four months to April 2013 increased 8.7% over the previous corresponding period, while operating earnings after tax before the impact of prepaid contracts for the same period were up 7.7%. Without specifying by how much, InvoCare said investment returns on prepaid funds exceeded price rise impacts, adding to profit growth. The Read more […]