news aggregator

September 2, 2010

07:06
German new-car registrations declined 27% on a year-to-year basis in August, as sales continued to slow following the end of the government's car-scrappage scheme.
Categories: Business
06:30
Esprit Holdings said its fiscal full-year net profit fell 11% on weak wholesale business and continued economic weakness in Europe, from which it derives the majority of its revenue.
Categories: Business
06:29
Capgemini has reached an agreement to buy a majority stake in Brazilian information-technology business CPM Braxis for $298.3 million, as the French IT consultancy looks to expand its presence in emerging markets.
Categories: Business
06:20
Crowds of depositors gathered at the branches of Afghanistan's largest lender, trying to withdraw their cash amid concerns about Kabul Bank's soundness.
Categories: Business
06:07
Aeon's appetite for Carrefour's stores in southeast Asia reflects the Japanese supermarket and general-merchandise retailer's struggles with weak demand and heightened competition at home.
Categories: Business
06:07
RBS will cut 3,500 positions in its back-office operations across the U.K., as it continues to shrink its businesses.
Categories: Business
06:01
Macau's gambling revenue rose 40% in August from a year earlier, reinforcing that China's gambling center has soundly recovered from the malaise of 2009.
Categories: Business
05:57
The European Commission banned one airline from Ghana from flying to Europe and imposed restrictions on a second airline from the same country because of poor safety.
Categories: Business
04:52
Samsung introduced its Galaxy Tab to rival Apple's iPad tablet. The device could help the company make up for lost ground in its smartphone business.
Categories: Business
04:45
The president of Delta Air Lines Inc. said Thursday that the strong yen is helping to boost passenger demand from Japan.
Categories: Business
04:21
DSG's sales were boosted by Apple's iPad and higher demand for televisions during the soccer World Cup, but it remained cautious about the economic outlook.
Categories: Business
03:40
The American auto maker expects 70% of its global growth this decade to come from emerging Asia-Pacific and Africa markets, with China and India among the biggest contributors.
Categories: Business
03:22
Russia's Gazprom, the world's largest producer of natural gas, said its first-quarter net profit more than tripled as cold weather in its major export markets drove a pickup in volumes.
Categories: Business
02:08
French drinks group Pernod reported a 0.5% rise in full-year profit and said it would continue investing heavily in marketing to take advantage of a gradual recovery in mature markets.
Categories: Business
00:59
A leading BlackRock fund manager said he is investing with the belief the U.S. will have the right policy response to the current economic malaise.
Categories: Business

September 1, 2010

23:40
Western Australia state said it has begun compulsory acquisition for land planned for the massive Browse liquefied natural gas project, after talks with an indigenous land council failed to reach a deal.
Categories: Business
22:04
Regulators are scrutinizing the practice of "quote stuffing," in which investors place large numbers of trades in a fraction of a second, then cancel them almost immediately.
Categories: Business
20:44
Oil giant Petroleo Brasileiro has agreed to pay Brazil $42.5 billion in stock to acquire five billion barrels of deepwater reserves, a controversial price because investors say it is more than the oil is actually worth.
Categories: Business
20:12
Venerable financial-publishing and money-management company Value Line is trying to recover from a scandal that led to the resignation of its CEO, yet the ex-CEO, Jean Buttner, still wields considerable influence.
Categories: Business
20:04
China's growth in car sales accelerated sharply last month thanks in part to new government incentives for small fuel-efficient cars. Auto sales rose nearly 56% in August from a year earlier.
Categories: Business