A roundup of online appeals shows that you'd better be on your guard. Here's what happened when Times reporter David Colker hit 'Reply.' ... Source: Infocious RSS raw feed - channel BNPaperBusiness | 11 May 2008 | 7:00 am
Wal-Mart Stores Inc. (NYSE: WMT) is set to report earnings this coming Tuesday morning before the open. The company already gave an approximate revenues number of $94 Billion. As you will see below, Wall Street is under what the company already gave for guidance, and it looks like even the highest estimate is right under $93.7 Billion. The retail behemoth's estimates from First Call are $0.75 EPS on $92.44 Billion in revenues. Estimates for next quarter are $0.81 EPS on $99.7 Billion in revenues, and Fiscal Jan-2009 estimates are $3.44 EPS on $405.27 Billion in revenues. Wal-Mart already gave its...
Monday may be quite an interesting day for satellite radio investors. Sirius Satellite Radio Inc. (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR) will both report earnings. While everyone will be breaking down the subscriber additions and the marketing costs, you know everyone wants to know what the companies each think is going on inside the FCC merger approval process. Sirius Satellite Radio Inc. (NASDAQ: SIRI) will have its results on Monday after the close, with a conference call to follow at 4:30 PM EST. First Call has estimates at -$0.07 EPS on $272.3 million in revenues. For the coming...
FedEx Corp. warns that fourth-quarter earnings are poised to come up well short of prior targets, adding that if oil prices continue to rise from this point, there will likely be even more damage to the bottom line.
LONDON (Reuters) - Oil major Royal Dutch Shell has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran's nuclear programme.
An oil official signaled for the first time in months that the oil cartel might increase its output to prick the price bubble. Source: Infocious RSS raw feed - channel BNPaperBusiness | 10 May 2008 | 11:55 am
Citigroup Inc.'s new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review _ but only after shrinking the company by about one-fifth... Source: Infocious RSS raw feed - channel BNewsBusiness | 10 May 2008 | 11:06 am
The board of Children's Place Retail Stores Inc. said Friday it has approved a request from its former chief executive Ezra Dabah to work on a proposal to acquire the company with a... Source: Infocious RSS raw feed - channel BNewsBusiness | 10 May 2008 | 10:48 am
For Kim Snider, it only takes one word to send participants in her monthly investment workshops into a near panic. The Dallas-based financial adviser gets the same reaction, without fail, Source: Infocious RSS raw feed - channel BNewsBusiness | 10 May 2008 | 9:10 am
Billionaire investor Kirk Kerkorian yesterday said he might boost his Ford Motor Co. stake above 5.5 percent and provide cash for the automaker's revival, signaling increased confidence in CEO Alan Mulally... Source: Infocious RSS raw feed - channel BNPaperBusiness | 10 May 2008 | 8:31 am
US stocks fell, sending the market to its first weekly drop in a month, after American International Group said it needs to raise $12.5 billion to cover writedowns and concern grew that the rally in commodities... Source: Infocious RSS raw feed - channel BNPaperBusiness | 10 May 2008 | 8:31 am
Clear Channel Clear Channel Com munications, which is trying to complete a $19.5 billion buyout, said first-quarter profit jumped almost eight fold on outdoor adver tising and a gain from the sale of... Source: Infocious RSS raw feed - channel BNPaperBusiness | 10 May 2008 | 8:31 am
A letter from billionaire Carl Icahn has opened the door for video rental chain Blockbuster to begin combing through Circuit City's books in the hope of making a formal bid to acquire the struggling electronics... Source: Infocious RSS raw feed - channel BNPaperBusiness | 10 May 2008 | 8:31 am
John Malone's Liberty Media filed an appeal to stop Barry Diller's IAC/InterActiveCorp from pursuing a plan to break up the Internet conglomerate, although Liberty's CEO said it was still exploring a variety... Source: Infocious RSS raw feed - channel BNPaperBusiness | 10 May 2008 | 8:31 am
Despite unveiling a plan to dump $400 billion in assets, Citigroup CEO Vikram Pandit yesterday dashed hopes on Wall Street that he would take even more dramatic steps, such as spinning off units, in order... Source: Infocious RSS raw feed - channel BNPaperBusiness | 10 May 2008 | 8:31 am
CHICAGO, May 10 /PRNewswire/ -- Cheng Cohen LLC, a Chicago-based law firm focusing in corporate, franchise, and commercial litigation and the franchise industry's... Source: Infocious RSS raw feed - channel BNewsBusiness | 10 May 2008 | 8:30 am
Reuters - The chief executive of luxury clothing
retailer Barneys New York has said he plans to resign, The New
York Times reported on Saturday. Source: Yahoo! News: Business | 10 May 2008 | 7:18 am
NEW YORK (Reuters) - The chief executive of luxury clothing retailer Barneys New York has said he plans to resign, The New York Times reported on Saturday.
NEW YORK (Reuters) - The chief executive of luxury clothing retailer Barneys New York has said he plans to resign, The New York Times reported on Saturday. Source: Infocious RSS raw feed - channel BNewsBusiness | 10 May 2008 | 7:18 am
Supermarket chain Waitrose has recalled organic eggs from a flock which has eaten lead shot. Source: BBC News | Business | World Edition | 10 May 2008 | 7:12 am
A Navy deal for an unmanned plane is the latest won by a unit of the defense contractor, the region's second-largest private employer.
With a bulbous head and plank-like wings, the aircraft resembles a lumbering whale. And its seven-word, 49-letter name -- Broad Area Maritime Surveillance Unmanned Aerial System -- is a whopper.
Strait-laced in the real world, workers do business as animals or blue-skinned hipsters in a parallel reality on the Web.
To save money in these tough times, universities, conference planners and global firms have started holding gatherings for far-flung employees and students in the online world known as Second Life.
Pink TV's owner sees his country as the next great destination for foreign film projects.
During the darkest, most stifling years of the Balkan wars, one Serbian television broadcaster was able to shine through, if only by dint of its mindless programming.
Almost all postal service prices rise Monday. Although it's just a penny increase for a first-class stamp, it's being felt at a time when prices for most things are soaring.
Gas prices are skyrocketing, food is going through the roof. And to add insult to inflationary injury, it will soon cost more to pay your bills.
NEW YORK (Reuters) - Oil jumped to a record above $126 a barrel on Friday, extending gains to more than 11 percent since the start of the month on fuel supply concerns and a rush of... Source: Infocious RSS raw feed - channel BNewsBusiness | 10 May 2008 | 6:35 am
NEW YORK (Reuters) - Oil jumped to a record above $126 a barrel on Friday, extending gains to more than 11 percent since the start of the month on fuel supply concerns and a rush of speculator buying.
Nissan Motor Co and NEC Corp will join forces in the world's first mass production of lithium-ion batteries for hybrid and electric vehicles, a newspaper said Saturday. The... Source: Infocious RSS raw feed - channel BNewsBusiness | 10 May 2008 | 5:11 am
Reuters - Even with some signs of improvement
in the U.S. financial markets and a temporary boost from the
economic stimulus package, the growth outlook for the second
half of this year has deteriorated, according to a panel of
economic forecasters. Source: Yahoo! News: Business | 10 May 2008 | 4:20 am
WASHINGTON (Reuters) - Even with some signs of improvement in the U.S. financial markets and a temporary boost from the economic stimulus package, the growth outlook for the second half of this year has deteriorated, according to a panel of economic forecasters.
Among the companies whose shares are expected to see active trade in Monday’s session are Sprint Nextel Corp., Fluor Corp. and McDermott International Inc.
With the first-quarter earnings season almost past, investors will continue to face mounting concerns about consumption and the U.S. economy next week, with retail sales and consumer-price data likely to reflect the impact of surging energy and food prices.
The ads were titled "Help Yourself, Help Atlantic City, Help New Jersey," and they made a series of promises, if only voters would pull the "yes" lever to legalize casino gambling. ... Source: Infocious RSS raw feed - channel BNewsBusiness | 10 May 2008 | 3:22 am
TOKYO (Reuters) - Japanese mid-sized electronics makers JVC and Kenwood Corp have agreed to integrate their businesses under a holding company in October, sources close to the matter said on Saturday.
TOKYO (Reuters) - Japanese mid-sized electronics makers JVC and Kenwood Corp have agreed to integrate their businesses under a holding company in October, sources close to the matter said Source: Infocious RSS raw feed - channel BNewsBusiness | 10 May 2008 | 2:24 am
Federal regulators says they've closed ANB Financial National Association banks after discovering "unsafe and unsound" business practices there. David Barr, a spokesman for the Federal Source: Infocious RSS raw feed - channel BNewsBusiness | 10 May 2008 | 12:45 am
US advocacy groups urge regulators to block any deal Google and Yahoo might strike after a two-week experiment. Source: BBC News | Business | World Edition | 10 May 2008 | 12:10 am
Senior staff at the Guardian and Observer newspapers are facing the prospect of job losses after unveiling the integration of their reporting teams. Source: Telegraph Business | 10 May 2008 | 12:01 am
An intriguing and long-forgotten part of the Cornish tin industry returned to London yesterday in the form of a Mexican silver miner. Source: Telegraph Business | 10 May 2008 | 12:01 am
BAA'S three shareholders have been forced to inject £400m of fresh funds to get the much-delayed £10bn refinancing of the airport operator off the ground.e Source: Telegraph Business | 10 May 2008 | 12:01 am
It is not far from the truth to say the £1.1bn deal unveiled this week between US retail giant Best Buy and Charles Dunstone's Carphone Warehouse represents a 'study in failure'. Source: Telegraph Business | 10 May 2008 | 12:01 am
Insurer Swiss Life is considering a bid for Friends Provident's Lombard unit in a deal that could value the high-end insurance business at more than £700m. Source: Telegraph Business | 10 May 2008 | 12:01 am
The gulf between the richest and poorest parts of the UK has been underlined by official statistics showing that the average West Londoner is generating more than double the "spending cash" of his counterparts in the regions. Source: Telegraph Business | 10 May 2008 | 12:01 am
Ukraine's biggest poultry producer became the latest foreign company to price its shares ahead of a London listing that could value the company at £850m. Source: Telegraph Business | 10 May 2008 | 12:01 am
The three former NatWest bankers linked to the collapse of energy giant Enron have begun serving their 37-month prison sentences behind bars in America. Source: Telegraph Business | 10 May 2008 | 12:01 am
Bankers to Alliance Boots are in crunch talks to sell the company's £9bn debt mountain to private equity buyers including KKR, the buyout house that acquired the drugs group last summer. Source: Telegraph Business | 10 May 2008 | 12:01 am
After a strong week, the market fell back yesterday as strategists warned that the financial crisis was not over yet and that the recent rally may soon come to an end. Source: Telegraph Business | 10 May 2008 | 12:01 am
NEW YORK (Reuters) - Citigroup Inc said on Friday it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually, in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets.
The number of people who are losing their homes because they cannot meet
rising mortgage bills is set to double this year, experts said yesterday. Source: Latest Business News from Times Online | 9 May 2008 | 11:01 pm
British banks will sell £9 billion of bad consumer debt to debt collectors
this year in an effort to free up capital on their balance sheets. Source: Latest Business News from Times Online | 9 May 2008 | 11:00 pm
Intertek may have been one of the better performers among last year's Tempus
Ten - its shares rose 19 per cent - but that has not stopped the FTSE 250
testing and inspection services provider from starting 2008 in similar
fashion. After a poor January, it has risen 17 per cent over the past three
months to touch a record high this week. Source: Latest Business News from Times Online | 9 May 2008 | 11:00 pm
Sotheby's, the auction house, is banking on a $70 million ($£36 million) sale
of Francis Bacon's 1976 painting Triptych next week to offset what it calls
uncertain economic times. Source: Latest Business News from Times Online | 9 May 2008 | 11:00 pm
David Cameron says he gave his cast-iron Aga oven the cold shoulder last year
in an attempt to cut his carbon footprint. Source: Latest Business News from Times Online | 9 May 2008 | 11:00 pm
British Energy's site at Bradwell in Essex - close to London, Britain's
biggest single market for electricity, with plenty of space and good
connections to the National Grid - is one of the most attractive locations
to build a new nuclear reactor in the UK. It is little surprise, then, that
potential bidders for the company are wary of the prospect of being forced
to surrender access to rivals. Source: Latest Business News from Times Online | 9 May 2008 | 11:00 pm
Oil prices soared to highs above $126 yesterday as the President of Brazil
said that the South American country was considering joining Opec.$ Source: Latest Business News from Times Online | 9 May 2008 | 11:00 pm
Vikram Pandit, the chief executive of Citigroup, has announced plans to shed
$500 billion ($£256 billion) of assets but has rejected pressure to break his
sprawling banking conglomerate in two. Source: Latest Business News from Times Online | 9 May 2008 | 11:00 pm
A government demand that any buyer of British Energy must sell at least one of
the company's nuclear sites has emerged as a key stumbling block in its
sale, The Times has learnt. Source: Latest Business News from Times Online | 9 May 2008 | 11:00 pm
Last weekend I travelled to Italy for my godson's christening and had a
fabulous time. Source: Latest Business News from Times Online | 9 May 2008 | 11:00 pm
ANB Financial N.A., a Bentonville, Ark.-based bank, has been closed by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. has been named receiver, the FDIC says.
U.S. stocks tumble, with the major indexes headed towards weekly losses, as the financial sector spouts more leaks after American International Group Inc. reports a $7.8 billion loss and Citigroup Inc. unveils plans to shed about half a trillion dollars in assets.
It took Lebanon's Hizbollah group just a few hours to seize control of Muslim west Beirut and bring the country's western-backed government to its knees Source: FT.com - US homepage | 9 May 2008 | 10:46 pm
This week, a new piece of legislation was introduced to ease some of the pressure in the student loan market. Tess asks Kim Clark how it will help. Source: Marketplace Money | 9 May 2008 | 10:39 pm
Recent severe weather across the U.S. reminds us to be prepared for the worst. Candysse Miller shows Tess what she'd need to know to about her possessions to file an insurance claim. Source: Marketplace Money | 9 May 2008 | 10:34 pm
On this week's "A Day in the Work Life:" who says you can't have a farm in the middle of the city? Jules Dervaes of Pasadena, Calif. started one in his own backyard. Source: Marketplace Money | 9 May 2008 | 10:28 pm
In this edition of Getting Personal, Chris and Tess talk about all kinds of investments: annuities, SIPC, Coverdale IRAs and auction-rate securities. Source: Marketplace Money | 9 May 2008 | 10:22 pm
Growing your own food would spare you from high prices at the grocery store, wouldn't it? Stacey Vanek-Smith puts her green thumb to the test to find out. Source: Marketplace Money | 9 May 2008 | 10:12 pm
Burma's ruling junta is locked in a stand-off with the international community after barring foreign aid workers from the cyclone relief effort Source: FT.com - US homepage | 9 May 2008 | 10:12 pm
Barack Obama for the first time overtook Hillary Clinton's support among the unelected "super-delegates" who will ultimately settle the Democratic nomination Source: FT.com - US homepage | 9 May 2008 | 10:11 pm
How could an attempt to diversify turn volatile and raises food prices worldwide? Jill Barshay explains the unintended consequences of large-scale commodity investment. Source: Marketplace Money | 9 May 2008 | 10:00 pm
Stocks slipped Friday afternoon, with the Dow off more than 100 points as investors eyed record oil and gas prices and a big quarterly loss for Dow component AIG.
Is the recession nearing the end or just beginning? Economics editor Chris Farrell sets the story straight, saying either way, expect a partly cloudy economy for some time to come. Source: Marketplace Money | 9 May 2008 | 9:56 pm
NEW YORK (Reuters) - Stocks fell on Friday as the price of oil set another record and concerns about the financial sector flared up again after American International Group Inc reported a massive loss.
Gas, food, copper: prices are rising all around us and inflation talk is picking up. Tess asks Janet Bodnar how to protect your money from rising inflation. Source: Marketplace Money | 9 May 2008 | 9:50 pm
Citigroup Inc. said Friday it planned to unload $400 billion in assets over the next few years as the beleaguered banking icon aims to reinvigorate itself.
First-quarter earnings season is upon us and profit numbers are under the microscope. Alisa Roth investigates where expectations come from and what they mean for investors. Source: Marketplace Money | 9 May 2008 | 9:42 pm
US bank giant Citigroup aims to sell $400bn of assets over the next three years to bolster its financial position. Source: BBC News | Business | World Edition | 9 May 2008 | 9:22 pm
NEW YORK - Oil jumped to a record of over $126 a barrel on Friday, extending gains to more than 11 percent since the start of the month on fuel supply concerns and a rush of speculator buying.
US crude rose $1.77 at $125.46 a barrel... Source: New Zealand Herald - Business | 9 May 2008 | 9:00 pm
It's not just the poor who are suffering from the global food crisis. More middle-class people are having trouble feeding themselves. Sean Cole visits a family in Minnesota. Then, Gretchen Wilson reports from South Africa where home gardening is a necessity. Source: Marketplace | 9 May 2008 | 8:38 pm
Stockbroker and business analyst David Johnson chats with host Tess Vigeland about what happened on Wall Street this week and what may lie ahead. Source: Marketplace | 9 May 2008 | 8:38 pm
Victims left deformed when their mothers took the drug Thalidomide are in Germany to launch the latest stage in a multibillion-dollar campaign to get more compensation from the company that marketed the drug 50 years ago. Stephen Beard reports Source: Marketplace | 9 May 2008 | 8:38 pm
Nations such as Saudi Arabia are seeking to ensure their future food supplies by buying up productive agricultural land in other countries. Sam Eaton reports. Source: Marketplace | 9 May 2008 | 8:38 pm
The price of oil jumped to $126 a barrel on news that Venezuela President Hugo Chavez may have closer ties than initially suspected with the Columbian terrorist group FARC -- raising fears of U.S. sanctions on his oil-rich nation. Dan Grech reports. Source: Marketplace | 9 May 2008 | 8:38 pm
Ever since a massive cyclone swamped the nation of Myanmar last week, only a fraction of the displaced population has received aid. International relief agencies are scrambling to figure out how to deal with the country's xenophobic rulers. John Dimsdale reports. Source: Marketplace | 9 May 2008 | 8:38 pm
FedEx Corporation (NYSE: FDX) came out after the close. Apparently $126 oil is a killer, like no one knew that. When it gave its last earnings warning it was based on fuel not rising too much more. Guess what. The company took its prior forecast of $1.60 to $1.80 EPS down to a new $1.45 to $1.50 EPS range. Shares closed down 3% in regular trading, and they are down another 3% at $87.26 in after-hours. Big Brown, or United Parcel Service Inc. (NYSE: UPS) fell almost 2% in after-hours to $69.03 on the FedEx news. Now you know why...
Reuters - Stocks fell on Friday as the price of
oil set another record and concerns about the financial sector
flared up again after American International Group Inc
reported a massive loss.
CHICAGO -- General Electric Co.'s decision this week to no longer lend consumers money to buy motorhomes and boats was more bad news for the recreational vehicle and boat industry.
The rumors of launch dates for the new Apple (NASDAQ: AAPL) version of the 3G iPhone are still rampant. Some target mid-June and some comment on early-June. Apple's Worldwide Developers Conference is June 9 to June 13. Now if they'd just keep these in stock. I have called several stores close by and they are either out of stock entirely or they have only the 8GB iPhone. Even then, one store said it is only available for existing customers of AT&T Wireless. That will keep people from being able to buy and then unlock them for another carrier. This low...
Reuters - Oil jumped to a record above $126 a
barrel on Friday, extending gains to more than 11 percent since
the start of the month on fuel supply concerns and a rush of
speculator buying.
Reuters - Citigroup Inc said on Friday it plans
to shed $400 billion of assets within three years and boost
revenue by up to 10 percent annually, in a bid to restore
profitability after huge losses tied to flagging mortgage and
credit markets.
Reuters - Countrywide Financial Corp
shares fell nearly 6 percent on Friday on renewed speculation
that Bank of America Corp will renegotiate or cancel
its agreement to buy the largest U.S. mortgage lender.
NEW YORK (Reuters) - Countrywide Financial Corp shares fell nearly 6 percent on Friday on renewed speculation that Bank of America Corp will renegotiate or cancel its agreement to buy the largest U.S. mortgage lender.
Dorchester Pacific said yesterday it had sold its investment advisory businesses, Equity Investment Advisers and Sharebrokers, MoneyOnline and New Zealand Investor magazine, for $1.4 million.
The buyer is Equity Investment Advisers... Source: New Zealand Herald - Business | 9 May 2008 | 7:30 pm
Cheniere Energy, Inc. (AMEX: LNG) can thank its earnings or lack thereof today for its implosion. Shares were down well over 20% at last look around $5.78, while its 52-week trading range was $6.46 to $43.50. Coca-Cola Enterprises Inc. (NYSE: CCE) was down less than 1% at $21.48 in the last hour; prior 52-week range was $21.55 to $27.09. Who would have guessed that bottling Coke and other drinks would result in this. GeoEye, Inc. (NASDAQ: GEOY) suffering from geospatial imaging sector woes. While this was well above the 52-week lows, it has been more volatile than plastique in a...
NEW YORK (Reuters) - Goldman Sachs economists expect a total of $500 billion in residential mortgage credit losses, a renewed slowdown in economic activity after the near-term boost from fiscal stimulus, and no monetary policy tightening in 2008 or 2009, according to a research note from the firm.
US anti-bribery investigators are targeting a former Halliburton subsidiary over its work on a key Royal Dutch Shell project in Nigeria, widening a corruption probe into the country's troubled oil industry Source: FT.com - US homepage | 9 May 2008 | 7:21 pm
Reuters - American International Group ,
after disappointing with a worse-than-expected loss on
Thursday, did little to buoy investor spirits on Friday,
telling shareholders it does not yet see signs of a rebound in
the market for mortgage assets, which have cost it dearly over
the past two quarters.
Budding electricity retailer Pulse Utilities says it is arranging funding of $2 million with a lines company.
A letter of intent had been received from the lines company to buy 1 million convertible loan notes at $2 each, with... Source: New Zealand Herald - Business | 9 May 2008 | 6:30 pm
As part of their plan to tame record oil prices, lawmakers are urging the President to stop putting oil in the nation's Strategic Petroleum Reserve. But some analysts say that won't do much to lower gas prices.
After a several weeks of playing coy, Circuit City has agreed to allow potential suitor Blockbuster to review its books, setting in motion the process of putting itself up for sale.
Plans to shed up to $500bn of unwanted assets and slash some $15bn off its cost base, in an effort to kick-start profit growth, underline the investment bank's challenge in bouncing back from the credit crisis Source: FT.com - US homepage | 9 May 2008 | 5:49 pm
Crude oil and corn prices surged to record highs as the world's hunger for fuels continued to convulse the energy and agriculture markets Source: FT.com - US homepage | 9 May 2008 | 5:49 pm
Microsoft said it would appeal against the record-breaking $1.4bn fine imposed by Brussels two months ago Source: FT.com - US homepage | 9 May 2008 | 5:33 pm
Nelson-based company Green Gate has started drilling an onshore exploration well near Amberley in north Canterbury.
Widespread Energy, which has an 11.7 per cent shareholding in Green Gate, said the primary target of the Kate-1... Source: New Zealand Herald - Business | 9 May 2008 | 5:30 pm
On the outskirts of Napier, Pan Pac paper mills gets a grandstand view of the squeeze on power.
From the sprawling site, workers can see heat waves from the neighbouring diesel-run Whirinaki power station when it kicks into life.... Source: New Zealand Herald - Business | 9 May 2008 | 5:00 pm
The nationalisation of the country's rail system, which is yet another Government pre-election flip-flop, is a sad indictment of our political decision-making process.
Not only are we throwing nearly $4 billion at a failed company... Source: New Zealand Herald - Business | 9 May 2008 | 5:00 pm
US crude oil futures hit a record high of US$124.70 ($161.08) a barrel yesterday as a surge in heating oil futures triggered active buying by investment funds.
The front-month US crude oil futures contract surpassed the previous... Source: New Zealand Herald - Business | 9 May 2008 | 5:00 pm
Toll's Australian shareholders must have been thrilled with Helen Clark & Co this week. In a quick and painless sale process, the freight company has sold off a troublesome division which all the market analysts viewed as its weak... Source: New Zealand Herald - Business | 9 May 2008 | 5:00 pm
Park Road Post, Peter Jackson's post production premises in Wellington, has cast a shade of green over the film industry.
Two years ago employees at the 10,000sq m building in Mirimar began transforming their work place turning... Source: New Zealand Herald - Business | 9 May 2008 | 5:00 pm
LINDA TRAINER
GEneral Manager Shopping Centre Management and Marketing, Westfield NZ
What was your first job?
I was one of the first females accepted into Progressive Enterprises' Management Trainee Programme and $3 an hour... Source: New Zealand Herald - Business | 9 May 2008 | 5:00 pm
As investors await the wireless carrier's earnings report on Monday, CEO Dan Hesse is counting on Sprint Nextel's new WiMax deal to help turn the company around. By Michal Lev-Ram.
Microsoft appeals against a $1.4bn fine given for defying sanctions imposed on it for anti-competitive behaviour. Source: BBC News | Business | World Edition | 9 May 2008 | 4:33 pm
Crude oil has hit yet another all-time high in Friday trading, as strong demand and supply fears continue. Source: BBC News | Business | World Edition | 9 May 2008 | 4:30 pm
Public Storage (NYSE: PSA) is seeing some pressure this morning after earnings. Interestingly enough, its smaller counterpart U-Store-It Trust (NYSE: YSI) rose a sharp 3.5% to $11.99 after its earnings. As u-Store-It was already closer to lows, had seen more selling, is only a $693 million stock market cap, and is generally far less representative of the entire extra-storage space property sector... the sector is following the lead of Public Storage. Public Storage posted funds from operations excluding items and excluding currency of $1.16, while estimates were $1.24. The company attributed a shortfall compared to estimates as being due to...
Jonathan Hash, a history teacher at Herbert Hoover High School in San Diego, is enthusiastic about the teaching career he began two years ago. But now he might lose his job because of a statewide budget crisis, and that could force him to leave teaching altogether.
French utility EDF makes an offer for British Energy, although the price has not been disclosed. Source: BBC News | Business | World Edition | 9 May 2008 | 3:31 pm
Last month we reported on a triple whammy that hit Cheniere Energy Inc. (AMEX: LNG). Today, both Cheniere and its spin-off, Cheniere Energy Partners, LP (AMEX: CQP) gave their earnings report. Cheniere Energy Inc. reported a net loss of $49.9 million, or ($1.06) EPS, for the first quarter of 2008, compared with a loss of $34.6 million, ($0.63) share, for the same period in 2007. Revenue for the quarter totaled $1.48 million. The company attributed the higher loss to operations at the Sabine Pass LNG terminal and to higher operating, G&A, and non-cash compensation costs. Analysts had been expecting a...
Rick's Cabaret International Inc. (NASDAQ: RICK) may not be one of the most controversial companies out there, but it is definitely one of the stranger stocks out there because of the fact that it is the largest public "gentleman clubs" out there. The company has also grown by acquisitions and the company plans to keep making acquisitions. What is interesting if you look at the company's guidance and do not consider the industry it is in, it is hard to argue against the value of the company from a growth investor mind and from a value investor mind. That's GARP...
BAA shareholders have agreed to stump up £400m ($779m) as the firm struggles to refinance its debt. Source: BBC News | Business | World Edition | 9 May 2008 | 2:50 pm
Yesterday, Charter Communications (CHTR) said it would give up to $100 in gas to all new subscribers or existing subscribers that make some upgrades to their service packages. Investors are worried that they'll lose more money on this. Today the shares are off 7% after a rapid sell-off early this morning, so the company has given up $40 million in market cap. Gas has gotten expensive. Douglas A. McIntyre
In June 2006, Anadarko Petroleum (NYSE:APC) bought both Western Gas Resources and Kerr-McGee for a total of more than $23 billion. Last night, Anadarko announced that it had priced an IPO of 18.75 million shares for Western Gas Partners, LP (NYSE: WES) at $16.50 per common unit. APC also granted underwriters an overallotment of 2.82 million shares. Book-runners include UBS, Citi, Credit Suisse, and Morgan Stanley, with a host of other institutions getting into the act as well. Here were details from our coverage of the filing. The new company's assets are a natural gas treatment plant in Texas, and...
Reuters - Stocks fell on Friday as the price of
oil set another record and concerns about the financial sector
flared up again after American International Group Inc
reported a massive loss.
Reuters - Oil jumped to a record above $126 a
barrel on Friday, extending gains to more than 11 percent since
the start of the month on fuel supply concerns and a rush of
speculator buying.
Reuters - Citigroup Inc said on Friday it plans
to shed $400 billion of assets within three years and boost
revenue by up to 10 percent annually, in a bid to restore
profitability after huge losses tied to flagging mortgage and
credit markets.
Reuters - Countrywide Financial Corp
shares fell nearly 6 percent on Friday on renewed speculation
that Bank of America Corp will renegotiate or cancel
its agreement to buy the largest U.S. mortgage lender.
Reuters - American International Group ,
after disappointing with a worse-than-expected loss on
Thursday, did little to buoy investor spirits on Friday,
telling shareholders it does not yet see signs of a rebound in
the market for mortgage assets, which have cost it dearly over
the past two quarters.