Rhino International Corp, the China-based environmental protection equipment maker, posted strong results yesterday, sending its shares up by as much as 19.78% during trading yesterday. Revenues climbed 41% to US$63.3M, while Earnings Per Share (EPS) for the quarter rose to US$0.68, compared with US$0.39 a year earlier. Excluding items, EPS stood at US$0.87, above analysts’ [...]
Eurozone Economy Exits Recession in Third Quarter, Grows 0.4% Compared with Previous Quarter British Airways PLC, Iberia Lineas Aereas de Espana SA Agree to USD 7B Merger Citigroup Inc Near Finalizing the JPY 100B (USD 1.1B) Sale of Japan’s Biggest Telemarketer, Bellsystem24, to Private-Equity Firm Bain Capital Inc The Walt Disney Co (NYSE: DIS) Profits [...]
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Tagged Bellsystem24, British Airways, British Airways Iberia Merger, Citigroup, Eurozone Economy, Eurozone Economy Recession, Google, Google Acquires Gizmo5, Iberia Lineas, Overnight Market News, Overnight Markets, Walt Disney, Walt Disney Profits
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Hewlett-Packard Co to Acquire 3Com Corp for USD 2.7B in All-Cash Deal Brewer, Anheuser-Busch InBev NV Says Third Quarter Operating Profit Rises 11.9% to USD 3.55B on Cost Savings UK Telecom Company, BT Group PLC Raises Full-Year Guidance, Now Expects Revenue to Decline Between 3% – 4% Versus Previous Forecast of Between 4% – 5% [...]
UK Unemployment Rises in Three Months to September Cutting 30k Jobs, the Smallest Increase Since May 2008, Jobless Rate Remains at 7.8% China Industrial Production Rises Faster-Than-Expected in October Jumping 16.1% Year-Over-Year on the Country’s Huge Stimulus Measures Apple Inc Surpasses Rival Nokia Corp to Become Most Profitable Handset Vendor in September Quarter on Strong [...]
Barclays PLC Third Quarter Net Income Declines 54% to GBP 1.08B (USD 1.8B) on Impairment Charges European Commission Objects to Oracle Corp’s Proposed USD 7.4B Acquisition of Sun Microsystems Inc on Concerns Over the Merger’s Potential Impact on Competition in the Database Market Cell Phone Service Provider, Vodafone PLC Says First Half Operating Profit Rises [...]
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Tagged Barclays, Barclays Net Income, Google, Google Admob, HSBC Holdings, Indonesia GDP, Indonesia Gross Domestic Product, Oracle Sun Merger, Overnight Market News, Overnight Markets, Vodafone, Vodafone Profit
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Kraft Foods Inc Expected to Officially Launch GBP 10B Hostile Bid for Cadbury PLC by Noon on Monday General Electric Co, Comcast Corp Agree on USD 30B Valuation for NBC Universal, Bringing them Closer to a Deal Morgan Stanley Looks to Sell its 34% Stake in Investment Bank, China International Capital Corp Sprint Nextel Corp [...]
CVS Cavemark Corp., the second largest drug store in the U.S., was surely ailing yesterday, as the company’s stock plummeted the most in eight years. This came after it revealed that its pharmacy benefits management business lost US$3.7B in contracts in the third quarter, and that the head of that unit will step down. The [...]
Cisco Systems Inc. helped to boost tech companies in general today, as it released results for its fiscal first quarter ended October 24, 2009. Net income excluding items was US$0.36 a share, beating the US$0.31 analysts had forecast. Cisco’s revenues of US$9.02B also topped the US$8.74B that was expected. Furthermore, Cisco announced that its results [...]
Today’s US Labour Department Report Likely to Show Unemployment Rose to Annual Rate of 9.9% on 175,000 Job Losses in October British Airways PLC Records Worst First Half Performance in History with Pre-Tax Loss of GBP 292mm versus Pre-Tax Profit of GBP 52mm a Year Ago Royal Bank of Scotland Group PLC Swings to Third [...]
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Tagged Australia Economy, British Airways, British Airways Loss, CBS Corp, CBS Profit, Fannie Mae, Fannie Mae Bailout Funds, Fannie Mae Losses, Overnight Market News, Overnight Markets, Reserve Bank of Australia, Royal Bank of Scotland, Royal Bank of Scotland Loss, US Labour Department Unemployment Report
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True Religion Apparel Inc., the maker of namesake jeans that can be sold for as high as US$300 in specialty boutiques and major department stores, missed Wall Street estimates with its third quarter results. True Religion reported net income of US$14.1M or US$0.58 per share, which fell 9% from US$15.4M or US$0.64 per share, while [...]