S&P lowers outlook for Koppers Holdings on weak second-quarter resultsAugust 18th, 2009 S&P lowers outlook for Koppers HoldingsNEW YORK — Standard & Poor's Ratings Services said Tuesday it cut its outlook on Koppers Holdings Inc. to "Stable" from "Positive" on weak second-quarter earnings.
CarMax renews, lowers warehouse facility for financing arm by $200MAugust 7th, 2009 CarMax renews, lowers warehouse facilityRICHMOND, Va. — Automotive retailer CarMax Inc.
Audi profit falls 25 percent over first-half, but stays in the blackJuly 31st, 2009 Audi profit falls 25 pct during first halfBERLIN — German luxury automaker Audi AG said Friday its earnings for the first six months of the year fell 25 percent as sales slipped nearly 10 percent but, unlike most of its peers, it remained profitable. The unit of Volkswagen AG said its first-half net profit was "in the region" of €697 million ($979.5 million) compared with €930 million in the first six months of 2008.
Nintendo profit down 60.6 percent in April-June on fewer hit titles, stronger yenJuly 30th, 2009 Nintendo profit down 60.6 percent in April-JuneTOKYO — Nintendo Co. reports that its net profit tumbled 60.6 percent in the April-June quarter from last year, hurt by a stronger yen and fewer blockbuster games.
Honda's net profit plunges 95.6 percentJuly 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.
Bajaj Auto net slips 13.2 percentMay 21st, 2009 MUMBAI - The country's second largest two-wheeler maker, Bajaj Auto, Thursday reported a 13.2-percent decline in net profit for 2008-09 while managing a 7.8 percent increase in fourth quarter profitability. The company, with a product line-up that includes commercial three-wheeler vehicles, reported a profit of Rs.654.5 crore in 2008-09, down from Rs.755.7 crore earned the previous fiscal.
Coal India posts Rs.96 crore profit in 2008-09May 21st, 2009 KOLKATA - Coal India Ltd (CIL) has posted net profit of Rs.96 crore in 2008-09 against a profit of Rs.5,243 crore the year before, a top company official said here Thursday. 'The profit dropped because of the upward revision of wages for wage board employees,' CIL chairman Partha S.
Sanyo sinks to annual loss but expects to return to profit this fiscal yearMay 14th, 2009 Sanyo reports loss but sees profit this yearTOKYO — Sanyo Electric Co. sank to an annual loss because of declining sales, the strong yen and rising material costs, but expects to muster a small profit this fiscal year.
NTT DoCoMo's annual net profit falls 3.9 percent on weak handset salesApril 28th, 2009 NTT DoCoMo's annual profit falls 3.9 percentTOKYO — NTT DoCoMo Inc., Japan's top mobile phone carrier, said Tuesday its annual net profit slipped 3.9 percent to 471.9 billion yen ($4.9 billion) as the recession hit sales of handsets. The company sold 20 million handsets during the fiscal year ended March 31, down 21.8 percent year-on-year as more consumers opted to keep their old handsets during tough economic times.
Weak rupee lowers Biocon net profit 80 percent in 2008-09April 28th, 2009 BANGALORE - A steady weakening of the rupee in the volatile currency market has lowered the consolidated net profit of biotechnology major Biocon group to Rs.93.1 crore in 2008-09 from Rs.464 crore the year before, registering a whopping decline of 80 percent. 'Unpredictable rupee depreciation induced by global economic crisis has adversely impacted our consolidated earnings wherein losses of Rs.147 crore on account of mark-to-market (MTM) were provided,' Biocon chairperson Kiran Mazumdar-Shaw told reporters here Tuesday.
EMC 1Q profit drops 23 percent on charges, weak data-storage spending; sales missApril 23rd, 2009 EMC 1Q profit drops 23 percent, sales missSAN FRANCISCO — EMC Corp. says first-quarter profit dropped 23 percent on restructuring charges and weakness in data-storage spending, an area that has been fairly resilient to the recession.
United Bank posts 27 percent growth in advancesApril 16th, 2009 KOLKATA - Public sector lender United Bank of India (UBI) Thursday reported 27 percent growth in advances at Rs.36,000 crore and 16 percent rise in deposits at Rs.54,000 crore in 2008-09. 'Our bottomline is likely to be between Rs.150-200 crore after we close our books,' UBI chairman and managing director S.C.
NTPC net profit up 5.6 percentApril 8th, 2009 NEW DELHI - State-run power generation firm NTPC Ltd Wednesday reported 5.6 percent increase in its provisional net profit for 2008-09. NTPC, formerly known as National Thermal Power Corp, posted Rs.7,827.4 crore ($1.5 billion) as profit for 2008-09, compared to Rs.7,414.8 crore the year before, the company said in a statement.
Heavy Engineering Corp net profit up 286 percentApril 4th, 2009 RANCHI - State-run Heavy Engineering Corp (HEC) Saturday reported a 286.33 percent jump in its net profit last fiscal. 'During 2008-09, the company has posted a profit of Rs.16.11 crore, compared to Rs.4.17 crore in 2007-08,' HEC Chairman-cum-Managing Director G.K.
Ford loses $5.9 bn in last quarter of 2008January 29th, 2009 NEW YORK - US automotive concern Ford reported Thursday that it lost $5.9 billion in the final quarter of 2008, boosting the full-year losses to $14.6 billion. The quarterly loss amounts to $2.46 per share, and is nearly double the net loss of $2.8 billion in the year-earlier period.
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