US stocks up as earning season beginsOctober 8th, 2009 NEW YORK - Stocks rose Thursday on Wall Street after aluminium giant Alcoa Inc kicked off earnings reports for the quarter with a surprising profit after three straight quarters of losses. Alcoa, which announced its earnings after markets closed Wednesday, saw its shares increase 1.1 percent to $14.35 per share on the news.
US stocks mixed ahead of earnings reportsOctober 7th, 2009 NEW YORK - US stocks posted mixed results Wednesday as Wall Street braced for the start of the third-quarter earnings season in the US. Financial firms posted gains, but telecommunications companies were down on a light trading day in New York.
Brink's 2nd-quarter profit drops 58 percent to $20.3 million as sales slideJuly 30th, 2009 Brink's 2Q profit plunges 58 percentRICHMOND, Va. — Armored car company Brink's Co.
Ace Limited's 2nd-quarter profit, but adjusted result beats analysts' forecastJuly 27th, 2009 Ace Limited profit shrinks, but tops forecastBOSTON — Property and casualty insurer ACE Ltd. said Monday its second-quarter profit fell 28 percent on a decline in sales of insurance policies and reduced investment income.
Tata Communications net profit plummets 67 percentJuly 25th, 2009 MUMBAI - Telecom services provider Tata Communications Saturday said its net profit for the quarter ended June 30 fell 67 percent to Rs.32 crore ($6.6 million) as against Rs.98 crore in the same period last fiscal. Tata's stand-alone revenue also fell 3.2 percent to Rs.843 crore for the quarter under review from Rs.871 crore, the company said in a statement.
Alliance Data's net drops 37 pct while sales slumpJuly 22nd, 2009 Alliance Data's net drops 37 pctSAN FRANCISCO — Alliance Data Systems Corp.'s second-quarter profit dropped 37 percent, more severely than Wall Street expected, while sales slumped. The company said Wednesday it earned $29.4 million, or 51 cents per share, compared with $46.9 million, or 60 cents per share, in the year-ago quarter.
Werner Enterprises 2nd-quarter profit drops 30 percent; results meet Wall Street's forecastJuly 20th, 2009 Werner Enterprises 2Q profit drops 30 percentOMAHA, Neb. — Trucking and logistics company Werner Enterprises Inc.
Tata Communications ties up with Starwood HotelsJune 30th, 2009 MUMBAI - Indian telephony and internet services provider Tata Communications Tuesday announced its partnership with Starwood Hotels and Resorts Worldwide to roll out its video-conferencing facility in the hotel giant's properties. Under the agreement, Tata will increase its network of public Cisco Telepresence rooms by opening 10 new facilities in Starwood's hotels by the year-end, the company said in a regulatory statement.
Indian Oil net profit drops 57 percentMay 29th, 2009 NEW DELHI - State-run oil marketing company Indian Oil Corp (IOC) Friday recorded a 57 percent fall in its net profit for 2008-09 from the year before. The company said in a statement that its annual profit stood at Rs.2,949 crore as against Rs.6,962 crore recorded in 2007-08.
InVentiv Health says profit decreased 2 percent as communications revenue fell 20 percentMay 8th, 2009 InVentiv 1Q profit slips on communications revenueSOMERSET, N.J. — InVentiv Health Inc., which provides services for the pharmaceutical and life sciences industries, said Friday its profit slipped 2 percent in the first quarter due to falling demand for its communications business.
Archer Daniels Midland 3rd-quarter profit drops 98 pct on equity losses, falling salesMay 5th, 2009 Archer Daniels Midland's 3Q profit tumblesDECATUR, Ill. — Agribusiness company Archer Daniels Midland says its fiscal third-quarter profit tumbled 98 percent due to a steep drop in sales and one-time losses related to equity investments.
Taiwan's Acer says first-quarter profit drops 31 percent amid global slowdownApril 29th, 2009 Taiwan's Acer says quarterly profit sinks 31 pctTAIPEI, Taiwan — Taiwanese computer giant Acer Inc. said Wednesday its first-quarter profit declined 31 percent over the same period in 2008 because of contracting revenue for its products amid the global slump.
Asia-Pacific airlines post deeper-than-expected losses of $4.3 billion in 2008April 28th, 2009 Asia-Pacific airlines post $4.3 bln losses in 2008KUALA LUMPUR, Malaysia — Asia-Pacific airlines suffered deeper-than-expected losses of $4.3 billion last year due to sharply higher fuel costs and dwindling demand amid the global economic slump, an industry group said Tuesday. The Kuala Lumpur-based Association of Asia Pacific Airlines said combined revenue for its 17 members rose 6 percent in 2008 to $103 billion, but failed to keep pace with higher fuel costs.
Tata Communications ties up with Cisco, Philippine firmMarch 31st, 2009 NEW DELHI - Tata Communications Tuesday said it has tied up with Cisco and Philippine Long Distance Telecommunications (PLDT) to roll out telepresence services, the next generation video-based communication technology, in the Philippines. As per the agreement, the companies have decided to open a public telepresence studio in the Philippines, which will be operated by PLDT.
Ranbaxy posts Rs.6.8 bn losses in fourth quarterJanuary 21st, 2009 NEW DELHI - Leading drug maker Ranbaxy Laboratories Thursday reported a net loss after tax of Rs.6.8 billion for the quarter ended Dec 31, against a profit of Rs.1.88 billion during the like period the previous year,
The company reported a net loss of Rs.9.14 billion (Rs.914.6 crore) for the financial year ended Dec 31, as compared to a net profit of Rs.7.87 billion (Rs.786.6 crore) the previous year. Ranbaxy attributed the losses to currency fluctuations and adopting of new accounting standards.
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