IEA raises 2010 oil demand forecast amid signs of global economic recoveryOctober 9th, 2009 Global oil demand seen rising amid recoveryPARIS — Faster economic growth next year, particularly in the developing world, will drive oil demand higher than previously expected, the International Energy Agency said Friday. The Paris-based IEA, which advises oil-consuming countries, said crude demand would reach 86.1 million barrels a day in 2010, up 1.7 percent from this year, the IEA said in its monthly oil report.
Medicines sets 3rd-quarter revenue outlook below Wall Street analyst forecastsOctober 6th, 2009 Medicines sets 3Q revenue outlook below forecastsPARSIPPANY, N.J. — Drugmaker Medicines Co.
Silicon Labs raises 3rd-quarter outlook on better demand for broadcast audio, microcontrollersSeptember 15th, 2009 Silicon Laboratories raises 3Q guidanceAUSTIN, Texas — Chip maker Silicon Laboratories Inc. on Tuesday raised its outlook for the third quarter through September, citing better-than-expected demand for its broadcast audio and microcontroller products.
Suntech Power profit drops 81 pct on pricing pressure for solar panels, cuts shipment outlookAugust 20th, 2009 Suntech Power 2Q profit falls on pricing pressureSAN FRANCISCO — Chinese solar energy company Suntech Power Holdings Co. Ltd. on Thursday posted an 81 percent drop in second-quarter earnings, driven by sales pricing pressure, and cut its full-year shipment outlook.
S&P reaffirms Con-way investment grade rating, but outlook negativeAugust 17th, 2009 S&P reaffirms Con-way investment grade ratingNEW YORK — Ratings agency Standard & Poor's affirmed its BBB- rating for Con-way Inc. on Monday, but suggested that weak demand and competitive prices will continue to hurt the trucking company's earnings and credit standing.
Packaging makers decline with market as Moody's forecasts weak demand, slow market recoveryAugust 14th, 2009 Sector Snap: Packaging makers slipNEW YORK — Shares of packaging makers fell Friday along with the broader market, as a ratings agency put a noninvestment-grade rating on the debt Graphic Packaging Holding Co. and forecast weak demand for the sector.
General Cable falls after its third-quarter forecast widely misses Wall Street expectationsAugust 6th, 2009 General Cable down, 3Q outlook misses consensusNEW YORK — Shares of General Cable Corp. fell sharply Thursday after the wire and cable maker said its third-quarter earnings will miss Wall Street expectations by a wide margin.
Shares of truck maker Paccar fall on weak 2nd-qtr, modest outlook for European salesJuly 28th, 2009 Truck maker Paccar falls on weak 2Q, outlookNEW YORK — A big drop in second-quarter sales and profit plus the truck maker's warning that European sales will remain weak on Tuesday weighed on shares of Paccar Inc. On Monday the Bellevue, Wash., company said that the weak economy hurt freight shipments and truck sales and contributed to its second-quarter net income plunging 92 percent to 7 cents per share.
Whirlpool 2nd-quarter profit falls on softer consumer demand for home appliancesJuly 22nd, 2009 Whirlpool 2Q profit falls on lower consumer demandBENTON HARBOR, Mich. — Whirlpool, the world's largest maker of major home appliances, says its second-quarter profit fell 33 percent as consumer demand for its products significantly weakened.
Acxiom forecasts sharp decline in fiscal 1st-qtr revenue, sees profit below Street viewJune 25th, 2009 Acxiom sees sharp decline in fiscal 1Q revenueLITTLE ROCK, Ark. — Interactive marketing consultant Acxiom Corp.
Utah man presumed dead after leaping into river in Yellowstone Park, going over fallsJune 17th, 2009 Man goes over Yellowstone falls, presumed deadYELLOWSTONE NATIONAL PARK, Wyo. — Officials in Yellowstone National Park are searching for a man they believe committed suicide by jumping into a river and going over a 300-foot waterfall.
Home Depot says its full-year earnings may come in better than previously forecastJune 10th, 2009 Home Depot raises full-year earnings expectationsATLANTA — Home Depot, the nation's largest home improvement retailer, anticipates its full-year earnings may now come in better than previously forecast. The move comes a few weeks after smaller rival Lowe's Cos.
Aetna cuts full-year profit outlook, citing higher than expected costs, lower Medicaid revenueJune 2nd, 2009 Aetna cuts full-year profit forecastHARTFORD, Conn. — Managed-care company Aetna Inc.
Textron's 1st-qtr profit sinks 63 pct on weak corporate jet demand; cuts 2009 profit outlookApril 28th, 2009 Textron's 1st-quarter profit falls 63 pctWASHINGTON — Textron Inc., which makes Cessna planes, Bell helicopters and turf maintenance equipment, said Tuesday its first-quarter profit fell 63 percent as the recession drove down demand for its corporate jets. It also slashed its 2009 profit outlook and said it expects more job cuts.
Ingersoll-Rand cuts 2009 earnings, revenue outlook, cites reduced demand in key end marketsApril 22nd, 2009 Ingersoll-Rand cuts 2009 earnings, revenue outlookNEW YORK — Diversified industrial conglomerate Ingersoll-Rand Co. cut its full-year 2009 revenue and earnings-per-share guidance Wednesday to reflect reduced demand in most of its major end markets.
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