Honda reports plunging profit, but raises forecast as it holds up better than rivals

September 8th, 2009 NEW DELHI - Car manufacturer Honda Siel Tuesday said it would export engine components to Japan from October. "This export programme is due to a shortage of Japanese supply, Honda Siel president and chief executive Masahiro Takedagawa told reporters on the sidelines of a conference.

August 11th, 2009 Fossil increases full-year earnings forecast againRICHARDSON, Texas — Fossil Inc, which makes watches and other fashion accessories, raised its full-year earnings outlook for the second time in three months after reporting second-quarter results that beat analysts' estimates. The company now expects 2009 profit of $1.63 to $1.73 per share.

July 30th, 2009 Cigna profit climbs on better interest ratesNEW YORK — Health insurer Cigna Corp. said Thursday its second-quarter profit jumped 60 percent due to a benefit from more favorable interest rates and other items.

July 29th, 2009 Honda stays in black, Nissan reports loss for Q1TOKYO — Japanese automakers Honda and Nissan may be revving up for a comeback after cash-for-clunkers incentives boosted sales of green cars last quarter, stemming damage from a sliding global auto market. Honda Motor Co., Japan's No.

July 29th, 2009 Fidelity National raises full-year outlookJACKSONVILLE, Fla. — Fidelity National Information Services Inc.

July 29th, 2009 TOKYO - Honda Motor Co saw its net profit plunge 95.6 percent to 7.56 billion yen ($80 million) in the April-to-June quarter because of a global decline in auto sales, the Japanese carmaker said Wednesday. Although cost-cutting measures showed some positive effects in earnings results in Honda's first quarter, Japan's second-largest carmaker said production cuts and a stronger yen reduced operating profit in those three months.

July 29th, 2009 Honda profit plunges in Q1 but raises forecastsTOKYO — Honda bucked expectations of losses in the first quarter, Wednesday posting a 7.5 billion yen ($79.8 million) profit and raising forecasts for the full year on optimism auto sales will improve. The results for the April-June period were better than the flood of red ink some analysts had forecast though profit was still down 96 percent, battered by slumping car sales and a strong yen, which offset cost cuts.

July 21st, 2009 Nordea posts 11 pct drop in 2Q net, raises outlookSTOCKHOLM — The Nordic region's biggest financial group, Nordea Bank AB, on Tuesday reported an 11 percent drop in second-quarter net profit, mainly due to higher loan losses and staff costs, but raised its full-year outlook. Net profit in the quarter fell to euro616 million ($874 million), down from euro692 million in the same quarter last year.

June 18th, 2009 Carnival reports 32 percent drop in 2Q profitMIAMI — Cruise operator Carnival is reporting a better-than-expected 32 percent drop in second-quarter profit but is lowering its full-year forecast to reflect rising fuel costs. Miami-based Carnival Corp.

June 18th, 2009 World Bank raises 2009 China growth forecastBEIJING — The World Bank is raising its 2009 growth forecast for China due to the country's stimulus-driven investment boom. But it also cautions that it is still too soon to say a sustained recovery is on the way.

June 12th, 2009 Honda has no interest in GM, Chrysler assetsTOKYO — Honda Motor Co. has never had much interest in the assets of General Motors or Chrysler, but it remains open to sharing hybrid and other technology with rival automakers, a senior executive said.

June 11th, 2009 NEW DELHI - Leading car maker Honda Motor Co Wednesday launched its maiden compact car Honda Jazz in the Indian market, priced in the range of Rs.6.98 lakh and Rs.7.33 lakh. The launch of Jazz marks the entry of Honda Siel Cars India, a joint venture between Honda and India's Siel Ltd, into the competitive small car segment, which is dominated by Maruti Suzuki and Hyundai Motor.

May 9th, 2009 inVentiv Health narrows profit range for 2009SOMERSET, N.J. — InVentiv Health Inc., which provides services for the pharmaceutical and life sciences industries, narrowed its profit forecast for the year, but still expects a profit in range of analyst estimates.

April 28th, 2009 Honda 4Q, fiscal year profits plunge, beats targetTOKYO — Honda says profit plunged during its most recent quarter, but its annual result was well above its target. Japan's second-biggest carmaker said Tuesday it had a net loss of 186.16 billion yen ($1.94 billion) in the January-March period, down from a profit of 25.43 billion yen a year earlier.

April 28th, 2009 Honda in red for 4Q, books profit for fiscal yearTOKYO — Honda Motor Co. said Tuesday it overcame a large quarterly loss to book a fiscal year profit that was well above forecasts, and vowed to stay in the black for the current fiscal year.