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Posted on
May 05 2008 6:20 AM
by
adeal
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Demand from global markets, and a recent acquisition, helped General Cable beat analysts' estimates for first-quarter sales and profits. The company posted first-quarter net income of $65.8 million, or $1.21 per share, compared to $37.8 million, or 71 cents per share in the year-ago quarter. Net sales were $1.57 billion versus $1.01 billion in first-quarter 2007. Analysts, on average, had expected earnings per share of $1.13 and revenues of $1.48 billion.
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Posted on
Apr 11 2008 6:12 AM
by
adeal
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The dollar rose against the yen in Asia on Friday as an upturn in Asian equity markets prodded short-term investors to sell the yen. When stocks turn higher, players often resume risky yen-carry trades in which investors borrow funds in yen to invest in higher-yielding assets, including equities, denominated in other currencies. Such yen sales also help the U.S. unit rise against its Japanese counterpart. The greenback traded around 102.04 yen Friday afternoon, compared with 101.89 yen in New York Thursday. The direction of the dollar likely hinges on the meeting of Group of Seven finance ministers and central bank governors in Washington later in the day.
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Posted on
Mar 20 2008 8:31 AM
by
adeal
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An event at which presidential candidate Barack Obama's controversial longtime pastor is set to honored will be moved off Texas Christian University's campus for security reasons, the school said Wednesday. The Rev. Jeremiah Wright is to be honored March 29 at the Brite Divinity School's Black Church Summit and Awards Banquet. The divinity school is located on TCU's campus, but is a separate school with its own officers and board. Earlier this week, TCU issued a statement saying it opposed the divinity school's decision to honor Wright in light of video that shows Wright delivering racially tinged sermons and railing against the United States.
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Posted on
Mar 20 2008 8:10 AM
by
adeal
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The number of newly laid off workers filing for unemployment benefits rose last week to the highest level in nearly two months, providing more evidence that the weak economy is having an adverse impact on the labor market. The Labor Department said today that applications for jobless benefits totaled 378,000 last week. That was an increase of 22,000 from the previous week and was a far bigger jump than had been expected.The current economic slowdown, which many economists believe has already turned into a full-blown recession, is starting to show up in the labor market in terms of higher layoffs and weaker hiring numbers.
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Posted on
Mar 19 2008 2:13 AM
by
adeal
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When billionaire Joseph Lewis started buying into Bear Stearns last year, most thought he was bottom feeding. It turns out that Lewis was getting in near the top. Bear Stearns (nyse: BSC - news - people ) sold itself Sunday to JPMorgan Chase (nyse: JPM - news - people ) for $2 per share. Twelve months ago, those shares traded for $150 each. The company sold at a fire-sale price this weekend after customers rapidly withdrew assets and put it on the brink of collapse. (See: " Bear Throws In The Towel").
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Posted on
Feb 07 2008 11:07 PM
by
abid
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USA Today ran an editorial this week on college admissions. Their starting point is simple but scary:
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Posted on
Jan 29 2008 10:44 PM
by
abid
Are you waiting for someone else to make the next decision?You run your own business now so there is no one else to make the hard decisions; you are the boss so you have to be ready to make the big decisions. Read the rest of this entry »
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Posted on
Oct 03 2007 3:34 AM
by
adnana
The lunch lines weren't moving fast enough for Linda Stoll, head of food programs at the Boulder Valley, Colo., school district. Because of that, kids had barely enough time to sit and eat before the lunch period was over. So, last year, Stoll began looking for ways to speed up the queue. She discovered that many students, especially kindergarteners, can't remember their six-digit ID number, which they're required to type into keypads at the end of lunch lines. She then found out that there was technology that would allow a scanner to identify a kid qualified for lunch with the swipe of a finger, moving him or her quickly along. It would help kids who regularly forget their lunch money, and it would potentially remove some of the stigma faced by children who receive special tickets for free or reduced lunch. She proposed the idea, believing it would be the perfect solution. Read the rest of this entry »
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Former federal judge Michael Mukasey, a tough-on-terrorism jurist with an independent streak, was tapped by President Bush on Monday to take over as attorney general and lead a Justice Department accused of being too close to White House politics.
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Shanghai-based Grace Semiconductor Manufacturing started business early this decade with high hopes of becoming a global leader in the chip industry. Back then, China's rulers were keen on building the country's high-tech industry and money was flowing to new Chinese chipmakers investing billions of dollars in advanced semiconductor facilities. At the same time, Chinese companies making everything from cell phones to software dreamed of taking on giants like Motorola (MOT) and Microsoft (MSFT).
Today, executives at Grace have more modest goals. The privately held company (it does not release sales or profit numbers) is a foundry, which means it makes chips on a
........
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Not long ago, Royal Philips Electronics (PHG) was nowhere in the Chinese television market. But as liquid-crystal display technologies have taken hold, the Dutch conglomerate's flat-screen TV unit has shot up to the No. 2 spot in one of the world's fastest-growing economies. Markets change, says chief executive Gerard Kleisterlee, and so can Philips.
The affable but intense CEO, who.....
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Wall Street has wondered for some time how profitable the Apple (NASDAQ: AAPL) iPhone is. First, numbers of analysts pulled the device apart and found out what each component cost. That probably gave a good sense of how much the margin was on the hardware.
But, there has always been a sense the Apple was making a great deal from AT&T (NYSE: T). This was based on the idea the the phone company gave Apple a bit of its service plan revenue in exchange for have an exclusive right to sell the phone in the U.S.....
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NEW YORK (Reuters) - NBC Universal and News Corp <NWSa.N>
have reached a preliminary deal with a private-equity firm to
sell a stake in their online joint venture for $100 million, a
source close to the deal said on Friday......
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To win the contentious takeover battle for ABN Amro, Barclays is close to an agreement to sell a large stake to Chinese and Singaporean governments, which will raise cash around $20.56 billion (£10bn) to finance its takeover of the Dutch bank giant...
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SINGAPORE/BEIJING (Reuters) - Britain's Barclays <BARC.L> is in talks with the governments of China and Singapore to raise 10 billion pounds ($20.6 billion) to help fund its planned purchase of Dutch bank ABN AMRO <AAH.AS>, the BBC reported on Monday.....
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NEW YORK (Reuters) - Gerdau Ameristeel Corp. <GNA.N>
<GNA.TO> said on Tuesday it agreed to acquire Chaparral Steel
Co. <CHAP.O> for $4.22 billion, in a move to diversify its
product offering into high value added steel products.....
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TOKYO (Reuters) - U.S. investment fund Perry Capital has
offered to buy an additional 25 percent stake in ailing
Japanese chip maker NEC Electronics Corp. <6723.T> for 154
billion yen ($1.27 billion), a source close to the matter said
on Wednesday....
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SHANGHAI (Reuters) - Ford Motor Co. <F.N> said on Thursday
its China retail vehicle sales rose 25 percent year-on-year in
the first half to 93,206 units.....
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Africa is still off-track to meet the world's shared goals for fighting poverty in all its forms, the United Nations report unleashes.
UN has constituted Millennium Development Goals to eradicate extreme poverty and hunger and to provide...
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Following the decision of DaimlerChrysler to offload Chrysler Group, it will go back to being Daimler, and its presence in the US will minimize virtually overnight. Without Chrysler's presence, the company has one plant in the US, one major office...
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On April 26, 2007, Allied Waste Industries announced yet another waste-to-gas project in their continuing effort to put a dent in America's dependence on petroleum fuels. The newest methane production project is being undertaken in concert with Ameresco, Inc., Columbia Water & Light, and the State of Missouri. It is expected that the methane recovery project situated at the Jefferson City Landfill in Jefferson City, Missouri, will produce more than 3 megawatts of electricity. That's enough wattage to power up to two thousand homes. Additionally, heat generated at the facility will be used to power two Missouri prisons.....
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Simple Moving Average (10-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 10-Day simple moving average has a strong bearish bias.
Simple Moving Average (25-Day): Recent activity this morning has seen prices trade below this moving average. Also, the slope of the moving average is in a downward slope from the previous session indicating further weakness. As a result the 25-Day simple moving average has a strong bearish bias.
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