Archive for the ‘tidings’ Category

Decrease in net income of Berkshire after losses on derivatives

August 7, 2010

Berkshire Hathaway reported Friday a 40% drop in net profit in the second quarter, falling equity markets have depreciated the value of certain derivatives contracts it holds. The fund headed by Warren Buffett, however, reported an operating profit up 73% driven by the acquisition of the rail operator Burlington ...

AstraZeneca double its share buybacks, strong results

July 29, 2010

AstraZeneca announced the doubling of its program of share buybacks in 2010, encouraged by the publication of strong results and after the green light given by an expert panel of the U.S. Food Brilinta its anticoagulant, a blockbuster potential. The title earned more than 4% on the London Stock ...

Nexans provides a return to net profit in 2010

July 28, 2010

Nexans Account return to profit on its overall performance, with a rebound expected sales in the second half after posting another loss during the first six months of the year. The group now expects an operating margin of 4.5% over the whole year after reaching its target of 4% ...

BMW raised its profit forecast for 2010

July 14, 2010

The German automaker BMW has raised its profit forecast Tuesday and sales volume for 2010, highlighting the better than expected results from its automotive business. In exchange, the share gained 7.4% to 41.80 euros at midday, while that of its competitor Daimler clinching 4.6% 0 43.47 euros. Profit ...

The head of the MFA calls for more European governance

July 9, 2010

We need more European integration and a new "architecture" of economic governance to reassure investors, said Friday the president of the French Financial Markets Authority (AMF). Jean-Pierre Jouyet doubts that Germany accepts one day an economic government for the euro area at Heads of State and Government. The ...

Slight rebound in June of economic sentiment in the euro area

June 30, 2010

The economic sentiment improved slightly in June in the eurozone after a sharp decline the previous month, official data showed, suggesting an easing of fears of debt crisis in the region. The economic sentiment index stood at 98.7 in June, against 98.4 in May, announced Tuesday the European Commission. ...

Saint-Gobain Advanced Ceramics division sells its

June 28, 2010

Saint-Gobain announces the sale of his division advanced to the American Ceramics CoorsTek for 245 million dollars (199 million euros). The world of production and distribution of building materials said that the transfer was done as part of its commitment to focus on businesses with high technological content and ...

GM has an electric vehicle for large cities

March 24, 2010

General Motors unveiled Wednesday in China a new prototype electric car Smart cut for very large cities, in order to strengthen its image clean car manufacturer. The FR-V, or "Networked-Electric Vehicle," will be presented in a pavilion that GM shared with its Chinese partner SAIC Motor Corp. to the ...

Net income quadrupled to Crédit Mutuel

March 24, 2010

Crédit Mutuel reported net income quadrupled in 2009 to 1.8 billion euros, with a net increase in revenues that offset the increase in provisions for credit risk because of the crisis. The French mutual bank, parent company of Crédit Industriel et Commercial, saw last year's net banking income increased ...

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