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| Earnings News Headlines - Yahoo! News | |||||
| StanChart Kenya's Q1 profit jumps 41 pct 2012-05-17T11:42:35Z
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| Wal-Mart posts strong profit as U.S. sales jump 2012-05-17T11:29:27Z
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| South Korea may limit exports to Iran on payment concerns: sources 2012-05-17T10:09:44Z SEOUL (Reuters) - South Korea is considering cutting its exports to Iran - mainly steel, cars and electronics - to reduce the risk of payment defaults as sanctions strangle Iran's earnings from oil exports, two sources with knowledge of the issue said. Export quotas could be imposed on products including Samsung Electronics' mobile phones and Hyundai Motor's vehicles, one of the sources said. ... |
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| Investec full-year earnings fall 2012-05-17T06:36:21Z JOHANNESBURG, MAY 17 - South African investment bank and asset manager Investec posted a 25.9 percent decline in full-year earnings due to bad loans hitting its Australian unit and a weak performance by its investment banking arm. Investec, which is also listed in London, said diluted adjusted earnings per share totalled 30.1 pence in the year through March, compared with 40.6 pence a year earlier. Investec warned in March adjusted and headline earnings per share would decline as much as 27 percent. ... |
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| Gold Fields Q1 earnings fall, but beat forecasts 2012-05-17T06:34:23Z
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| S.Africa's Tsogo Sun FY profit up 12 pct 2012-05-17T06:06:13Z JOHANNESBURG, May 17 - Africa's biggest hotels and casino operator Tsogo Sun Holdings reported a 12 percent in full year profit as low interest rates and higher wages boost demand for leisure spending. Tsogo, 40 percent-owned by brewer SABMiller, said adjusted headline earnings per share totalled 121.5 cents in the year to end March compared with 108.5 cents. Consumer are warily spending again in Africa's biggest economy thanks to decades-low interest rates and above-inflation wage settlements Tsogo said it had enough cash to pursue its growth strategy. ... |
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| AIG to sell AIA shares after lock-up ends in September 2012-05-16T18:59:38Z
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| Barclays Kenya Q1 profit beats market expectations 2012-05-16T17:28:35Z
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| Tanzania gold production up 13 pct in 2011 2012-05-16T13:11:24Z
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| AP Moller-Maersk posts Q1 profit 2012-05-16T10:03:21Z Danish shipper and oil group A.P. Moller-Maersk says first quarter earnings of 8.5 billion kroner ($1.5 billion) were unsatisfactory and the result of low rates in the container and tanker markets. |
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| Airbus parent profits hit by A380 wing problem 2012-05-16T06:57:40Z Airbus parent company EADS said Wednesday its first quarter earnings were hammered by a hefty €158-million ($203-million) charge to fix problematic wing parts on its flagship A380 superjumbo. |
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| Datatec lifts FY profit, Latam and Asia robust 2012-05-16T06:33:05Z JOHANNESBURG (Reuters) - South African IT firm Datatec reported a 26 percent growth in full-year underlying earnings per share as a robust performance in South America and Asia more than offset a slowdown in Europe and the U.S. Datatec, a major re-seller of Cisco System networking equipment, said underlying earnings per share totaled 48 U.S. cents in the year to end-February compared with 38 cents a year earlier. The company, which raised its payout to shareholders to 16 U.S. cents from 13 cents, gave a cautious outlook, citing a slowdown in Europe. ... |
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| Rwanda's Bralirwa 2011 net profit up 42 pct, eyes growth 2012-05-16T06:29:50Z KIGALI (Reuters) - Rwandan brewer Bralirwa's full-year net profit soared 42 percent on higher pricing, new brands and rising sales of its beer brands and soft drinks, the company said on Tuesday. Bralirwa, which is 75 percent owned by Heineken, expects to benefit from the continuing economic growth in the African region this year, the company said in a statement. Net profit for 2011 stood at 14.7 billion Rwanda francs, and earnings per share climbed to 28.50 francs from 20.09 francs a year earlier, the brewer said. Sales volumes rose 16. ... |
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| Italian bank Intesa SanPaolo reports Q1 profits up 2012-05-15T19:33:02Z Italian bank Intesa SanPaolo on Tuesday reported a 22 percent increase in first-quarter earnings due to higher trading profits and cost-cutting, and maintained its targets despite political and economic uncertainty in Europe. |
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| Wal-Mart results could move investors past bribe probe 2012-05-15T19:23:23Z
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| Power Corp operating profit slips on financial unit 2012-05-15T15:57:21Z (Reuters) - Power Corp of Canada's net operating profit edged lower in the first quarter as results at its financial services subsidiary, Power Financial, dipped, the holding company said on Tuesday. Power, which is controlled by Montreal's Desmarais family, had operating earnings of C$209 million ($209 million), or 45 Canadian cents a share, down from C$218 million, or 47 Canadian cents a share, in the same period a year earlier. Power Corp's main asset is a majority stake in Power Financial Corp , which in turn owns majority stakes in Canada's No. ... |
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| IBM not interested in deals over $1.5 billion: CFO 2012-05-15T14:30:20Z BOSTON (Reuters) - International Business Machines Corp has no interest in pursuing large acquisitions, preferring to focus on targets worth $200 million to $1.5 billion, a top executive said on Tuesday. "We are not looking at big acquisitions, nor do we want to communicate that we are looking at big acquisitions," Chief Financial Officer Loughridge said at a JPMorgan investment conference in Boston. IBM has said it expects to spend about $20 billion on acquisitions between 2010 and 2015 as part of its strategy to reach at least $20 per share in adjusted earnings for 2015. ... |
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| German steelmakers give gloomy outlook 2012-05-15T08:58:16Z FRANKFURT (Reuters) - Germany's two biggest steelmakers, ThyssenKrupp and Salzgitter, gave a grim outlook for the rest of the year on Tuesday as the euro zone crisis crimps spending on factories and new equipment. ThyssenKrupp forecast a slump in operating earnings this year and Salzgitter reiterated it would be difficult to match last year's earnings figure as there were no signs of a substantial recovery in European demand for steel. ... |
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| Groupon makes first profit, shares surge 2012-05-14T23:25:13Z
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| A look at recent tech-industry earnings 2012-05-14T22:21:23Z Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy: |
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| A look at cable, satellite TV earnings reports 2012-05-14T20:27:27Z Here is a summary of earnings reports for selected cable and satellite TV companies and what they reveal about the industry's prospects: |
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| What earnings reports have revealed about ads 2012-05-14T20:27:20Z Here are highlights of recent quarterly earnings reports from selected Internet and media companies and what they say about the state of spending on advertising: |
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| Egypt's Orascom Telecom Q1 net drops 85 pct y-o-y 2012-05-14T17:27:32Z CAIRO (Reuters) - Orascom Telecom, the Egyptian company bought last year by Russia's Vimpelcom, said on Monday its first quarter net income declined 85 percent year-on-year. Net income before minority interest fell to $120.4 million from $821.7 million in the first quarter of 2011, it said in a statement. Revenue rose 1 percent to $899 million, while earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 5 percent to $433 million. |
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| Power Financial profit flat in first quarter 2012-05-14T17:25:28Z (Reuters) - Canadian financial services company Power Financial reported a flat quarterly profit on Monday as higher insurance earnings were offset by slower sales of mutual funds, but gains from the sale of two European assets bolstered the bottom line. The Montreal-based company said it had an operating profit of C$372 million ($372 million), or 52 Canadian cents a share, in the first quarter, compared with C$370 million, or 52 Canadian cents a share, in the year-before period. ... |
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| Earnings Preview: Target 1Q to highlight consumer 2012-05-14T15:25:15Z Target Corp.'s expansion in food and other merchandising strategies are expected to bolster its earnings and sales when it reports first-quarter results Wednesday before the market opens. But worries abound about the consumers' willingness to spend in the coming months amid economic uncertainty. |
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| Word of the day |
Merriam-Webster's Word of the Day for May 17, 2012 is:
maffick • \MAF-ik\ • verb
: to celebrate with boisterous rejoicing and hilarious behavior
Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.
"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011
Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.