Piedmont Natural Gas posts 3rd-quarter loss as revenue tumbles by nearly halfSeptember 4th, 2009 Seasonal demand weakness hits Piedmont Natural GasCHARLOTTE, N.C. — Piedmont Natural Gas Inc.
IKB Deutsche Industriebank posts €19 million Q1 net profit; loan loss provisions increaseAugust 24th, 2009 German bank IKB posts €19 million Q1 net profitFRANKFURT — German lender IKB Deutsche Industriebank AG said Monday it returned to a net profit in its fiscal first quarter after booking big financial write-downs last year, though its loan loss provisions more than doubled during the beginning of its 2009 financial year. The Duesseldorf-based bank said its profit of €19.4 million ($28 million) in its April-June fiscal first quarter compared with a net loss of €517 million in the year-ago period.
Dutch insurer Aegon posts €161 million loss in 2Q, to issue €1 billion in new sharesAugust 13th, 2009 Dutch insurer Aegon posts €161 million loss in 2QAMSTERDAM — Aegon NV, the Dutch insurer, reported a €161 million ($229 million) loss for the second quarter on Thursday due to impairment charges and announced plans to issue up to €1 billion ($1.42 billion) in new shares. In the same period a year earlier, the company had net profit of €276 million.
Bridgestone tumbles into red in first half of year on slumping auto demandAugust 7th, 2009 Bridgestone tumbles into red in first half of yearTOKYO — Bridgestone Corp. said Friday it tumbled into the red in the first six months to June, hit by a prolonged slump in auto demand at home and abroad.
Sharp posts $265 million loss last quarter amid weakening demand for TVs, phonesJuly 30th, 2009 Sharp posts $265 million quarterly lossTOKYO — Japanese electronics maker Sharp Corp. sank to a loss last quarter as a companywide effort to cut costs failed to offset plunging demand.
SBA Communications posts wider-than-expected 2Q loss, as higher costs trumped stronger salesJuly 29th, 2009 SBA Communications posts wider 2Q lossBOCA RATON, Fla. — SBA Communications Corp., which leases cell phone towers to wireless providers, on Tuesday posted a wider-than-expected loss for its second quarter as operating costs grew.
Truck maker Volvo posts $718 million loss in second quarter, says markets stabilizingJuly 21st, 2009 Volvo posts $718 million loss on falling salesSTOCKHOLM — Swedish truck maker AB Volvo on Tuesday reported its third consecutive quarterly loss as sales plunged by one-third amid weak demand in the April-June period. Volvo posted a net loss of 5.56 billion kronor ($718 million) in the second quarter, compared with a profit of 5.1 billion kronor in the same period last year.
Michelin announces 1,093 job cuts in voluntary departure scheme over 3 yearsJune 17th, 2009 Michelin cuts 1,093 jobs in voluntary schemePARIS — Faced with plummeting demand, French tiremaker Michelin announced a plan Wednesday to cut 1,093 jobs over a three year period, starting in 2010. The company said the cuts will be made on the basis of voluntary departures and that no workers will be laid off.
Michelin announces 1,100 job cuts in voluntary departure scheme over 3 yearsJune 17th, 2009 Michelin cuts 1,100 jobs in voluntary schemePARIS — French tiremaker Michelin confirmed Tuesday a plan to cut 1,093 jobs over a three year period, starting in 2010. The company said the cuts will be made on the basis of voluntary departures and that no workers will be laid off.
Goodyear Tire & Rubber Co.'s US plants and their productionJune 9th, 2009 Goodyear's US plants and productionGoodyear Tire & Rubber Co. plants covered by its master contract:
Akron, Ohio: race tires
Buffalo, N.Y.: consumer, commercial truck and motorcycle tires
Danville, Va.: commercial truck and aviation tires
Fayetteville, N.C.: consumer tires
Gadsden, Ala.: consumer tires
Topeka, Kan.: commercial truck and off-road tires
Union City, Tenn.: consumer tires
Cooper Tire & Rubber posts 1st-quarter loss of $21.3M as consumers buy fewer tiresMay 6th, 2009 Cooper Tire & Rubber posts 1Q loss of $21.3MFINDLAY, Ohio — Cooper Tire & Rubber Co. said Wednesday it lost $21.3 million in the first quarter as consumers bought fewer replacement tires.
Electronic Arts posts 4th-quarter loss, lower revenueMay 5th, 2009 Electronic Arts posts 4Q lossNEW YORK — Electronic Arts is reporting a smaller net loss for its fiscal fourth quarter, a period with few hit game launches. It also confirms its guidance for the current fiscal year.
Michelin Q1 sales down 14.2 percent to euro3.5B as tire demand drops across globeApril 28th, 2009 Michelin Q1 sales fall 14.2 percent to euro3.5BPARIS — Michelin SCA said Tuesday its sales fell 14.2 percent to euro3.5 billion ($4.5 billion) in the first quarter as demand for tires slumped in all the French tire maker's markets other than China. Clermont-Ferrand, France-based Michelin, which vies with Japan's Bridgstone Corp.
Finnish carrier Finnair posts 1Q loss of euro19 million on 10 percent fall in revenueApril 28th, 2009 Finnair posts 1Q loss of euro19 millionHELSINKI, — Finnair PLC on Tuesday reported a first-quarter net loss of euro18.6 million ($24.4 million) as turnover fell 10 percent, and warned it expects a full-year loss. The Finnish airline said sales fell to euro516 million ($677 million) in January through March, from euro573 million a year earlier.
Scandinavian airline SAS posts 1Q loss amid falling demandApril 28th, 2009 Airline SAS posts 1Q loss amid falling demandSTOCKHOLM — Scandinavian airline group SAS AB on Tuesday posted a smaller first-quarter net loss as the slump in the global economy continued to weaken demand for air travel. The Stockholm-based company said net loss for the quarter narrowed to 748 million kronor ($91.5 million) from 1.2 billion kronor in the same period a year earlier.
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