Greece’s Cabinet Agrees to EUR 4.8B Austerity Programme Aimed at Reducing its Budget Deficit Trough Tax Hikes and Spending Reductions Costco Wholesale Corp Second Quarter Net Profit Rises 25% to USD 299mm on Increased Sales from its International Operations Australia’s Economy Grows in the Fourth Quarter of 2009 by 0.9% from the Prior Quarter, its [...]
China’s Central Bank Unexpectedly Raises Interest Rate on its Three-Month Bills as it Looks to Keep a Tighter Reign on Credit Growth Costco Wholesale Corp’s December Same-Store Sales Climb 9% Year-Over-Year, Trumping Analysts’ Expectations for a 7.5% Increase Samsung Electronics Co Expects to Rebound with a Fourth-Quarter Operating Profit of up to USD 3.44B Versus [...]
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Also tagged China Interest Rates, Continental AG, Continental AG Stock Sale, Costco Same-Store Sales, Eurozone Retail Sales, Eurozone Retail Sales Decline, J Sainsbury, Overnight Market News, Overnight Markets, Samsung Electronics, Samsung Electronics Loss
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Citigroup Inc Plans to Repay Portion of Government Aid Via USD 20B Equity Offering that Could be Announced as Early as Today Panasonic Corp Acquires 50.2% Stake in Sanyo Electronic Co for JPY 403.78B (USD 4.6B) Costco Wholesale Corp First Quarter Net Profit Rises to USD 266mm from USD 263mm a Year Ago on Increased [...]
Bank of England Holds Benchmark Interest Rate at 0.5% for Fourth Consecutive Month American International Group Inc (AIG) Revives Talks with Rival MetLife Inc Over Sale of American Life Insurance Co (Alico) China’s Passenger Car Vehicle Sales Jump 48% to 873k Units in June from May on More Government Stimulus Spending, Biggest Increase Since February [...]
Exactly one week after its main rival exceeded earnings estimates, the United States’ biggest warehouse club – Costco Wholesale Corp – disappointed investors with a third quarter profit that fell short of expectations. Costco’s net profit fell 29% to US$209.6M or US$0.48 per share as consumers curtailed discretionary spending. Its bottom line was also hit [...]
OPEC Leaves Oil Output Unchanged After Meeting, Sees Target of USD 75.00 to USD 80.00 per Barrel by Year’s End Auto Parts Makers Visteon Corp and Metaldyne Corp File for Chapter 11 Bankruptcy on US Operations as Auto Industry Crisis Persists Costco Wholesale Corp Third Quarter Profit Dips 30% to USD 209.6mm on Weak Consumer [...]