Investors will be watching the Australian dollar closely this week following its drop of nearly US2c late last week to just above parity with the greenback. The Australian currency closed in US trading on Friday at $US1.0017 after briefly ...
Tags: economy
Reporting its first-quarter earnings Thursday, Dorel Industries singled out the delayed arrival of spring and its effect on bicycle sales as a key factor holding down sales and profit for the start of 2013. "As stated in our year-end ...
Tags: Dorel Bike, Bike
Japan's Toshiba says its quarterly net profit has tumbled 62 per cent from a year earlier, with demand for its televisions, computers and other digital products stumbling. The technology and engineering conglomerate said it had earned ...
Tags: Toshiba, net profit
Iran’s share in the Middle East’s petrochemical production has risen to 24.5 percent, Director of National Petrochemical Company’s (NPC) Planning and Development Department, Ramazan Ouladi has said. Mr. Ouladi said ...
Tags: Petrochemical Output, Petrochemical, Textile
More and more banks in Germany are facing declining returns and weak growth. Against the backdrop of the euro crisis, the eleven largest German banks saw their year-on-year earnings before tax drop by one third during the first half of 2012 ...
Tags: Banks, Interlinking Corporate, Private Banking Business
Enbridge, the Calgary-based crude oil carrier, will have to "wait and see" whether it faces a replay of rival TransCanada's Keystone XL regulatory battle as it seeks US State Department approval for changes to its Alberta Clipper (Line 67) ...
Tags: Enbridge, Alberta Clipper
Basque region, Spain-based seamless stainless steel pipe producer Tubacex has announced its financial results for the first quarter of the current year. Net profit totaled €3.53 million in the given quarter, tripling the net profit ...
Tags: Basque region, Net Profit
As part of an ongoing restructuring, EMC reported today that it will lay off more than 1,000 employees worldwide. The company reported in its latest 10-Q filing with the U.S. Securities and Exchange Commission that in the first quarter of ...
Tags: Computer Products, software
The sharemarket surged to its highest closing level in almost five years yesterday, with the materials sector leading relatively broad-based gains after China reported stronger than expected trade data, Wall Street hit record highs and spot ...
Tags: Stocks, China Data
Companies should be using the high dollar as an opportunity to invest in businesses offshore, says Francesco de Ferrari, a senior private banker with Credit Suisse. "Big companies should go on a shopping spree. The entrepreneurs get it ...
Tags: Credit Suisse Banker, economy
Microsoft today announced it had sold 100 million copies of Windows 8, its first statement on sales milestones since January. In a blog post and interviews with several influential bloggers and media outlets such as the New York Times and ...
Tags: Microsoft, Computer Products
Microsoft has extended a guarantee that provides Yahoo with financial protection as part of the two companies' internet search partnership An arrangement requiring Microsoft to pay Yahoo a minimum amount per search on Yahoo's website ...
Strong sales at Fox and CamelBak contributed to a healthy first quarter for parent Compass Diversified Holdings, the company reported Wednesday. CamelBak’s revenue and earnings before interest, tax, depreciation and amortization ...
Checkpoint Systems, Inc. reported financial results for the first quarter ended March 31, 2013. These results reflect the U.S. and Canadian CheckView business as discontinued operations. First Quarter GAAP Results - Continuing Operations: ...
Tags: Checkpoint Sales, Textile
Maidenform Brands, Inc., a global intimate apparel company, reported first quarter 2013 net sales of $131.2 million and a loss per share of $(0.05). "First quarter results were as expected. We remain focused on growing our business and ...
Tags: Apparel, Maidenform Brands