Demand for crop dusting soars in Midwest with new products to kill late-season diseases, pestsSeptember 21st, 2009 Demand for crop dusting soars with new pesticidesDES MOINES, Iowa — Demand for crop dusting is surging in parts of the U.S., largely because of new products to fight late-season diseases and pests. The Federal Aviation Administration reports that the number of hours flown by crop dusters climbed 29 percent between 2003 and 2007, to more than 1.4 million.
More auto loan payments fall behind in 2nd-qtr than last year, but rate improves from 1st-qtrSeptember 1st, 2009 Rate of past due auto loans rises in 2nd quarterNEW YORK — The rate at which people were late making auto loan payments rose in the second quarter as consumers struggled amid rising job losses. For the quarter ended in June, the national rate of auto loans that were 60 days past due was up 7.35 percent, according to credit reporting agency TransUnion.
Kia Motors says 2nd quarter net profit soars amid higher salesAugust 12th, 2009 Kia Motors says 2nd quarter profit soarsSEOUL, South Korea — Kia Motors Corp., South Korea's second-largest automaker, said Wednesday that second-quarter net profit quadrupled amid higher sales as the company benefited from weakness in the local currency. Kia Motors earned 347.1 billion won (US$279 million) in the three months ending June 30, the company said in a regulatory filing.
American Express reports fewer write-offs of credit card losses in JulyAugust 6th, 2009 American Express reports fewer defaults in JulyNEW YORK — American Express said Wednesday its rate of losses from credit card loans is slowing. The write-off rate on credit card balances was 9.2 percent in July, down from 10 percent for the second quarter, said Joanna Lambert, a spokeswoman for the New York-based company.
Abaxis Inc. sees profit soar in second-quarterJuly 30th, 2009 Abaxis profit soars in Q2UNION CITY, Calif. — Abaxis Inc.
Children's clothing maker sees second-quarter growth spurtJuly 29th, 2009 Carter's 2Q profit soars on stronger salesATLANTA — Children's clothing company Carter's Inc. hit a growth spurt of its own, reporting Tuesday that its profit soared in the second quarter on strong sales and improved operations.
Recession-hit Bangalore techies settle for low-paying jobsJuly 25th, 2009 BANGALORE - Till a few months ago, IT professional T.V. George was earning Rs.70,000 per month, plus perks.
LG Electronics says 2nd-quarter net profit soars 62 percent to record highJuly 22nd, 2009 LG Electronics says Q2 profit soars to recordSEOUL, South Korea — LG Electronics said Wednesday that second-quarter net profit soared 62 percent to an all-time high amid record sales of flat screen televisions and mobile phones. LG Electronics Inc., the world's third-largest manufacturer of mobile phones and flat screen TVs, earned 1.15 trillion won ($921 million) in the three months ended June 30, it said in a regulatory filing and a press release.
HDFC net up 20 percent in first quarterJuly 22nd, 2009 MUMBAI - Housing Development Finance Corp (HDFC) has seen its net profit for the quarter ended June 30 increase over 20 percent to Rs.565 crore, as compared to Rs.468 crore in the corresponding period last fiscal. The company's total income increased 22.8 percent to Rs.2,849 crore from Rs.2,318 crore, it said in a regulatory statement.
Infosys hires 3,538 people in first quarterJuly 10th, 2009 BANGALORE - Undeterred by the impact of the global meltdown on its revenue and profits, IT bellwether Infosys Technologies and its subsidiaries hired 3,538 people in the first quarter of this fiscal. With retention remaining high, the company and its subsidiaries saw a net decline of 995 employees during the quarter under review as against a net addition of 1,772 in the previous quarter and 3,192 in the year-ago period.
Kroger's 1Q profit soars 12.7 percent as consumers tighten budgets by buying meals at groceryJune 23rd, 2009 Kroger's 1Q profit soars 12.7 as more eat at homeCINCINNATI — Grocery operator Kroger Co. says first-quarter profit shot up 12.7 percent, as recession-hit households continue to eat at home more and seek food bargains.
Japanese economy contracted sharply last quarterMay 20th, 2009 TOKYO - The Japanese economy shrank in the January-March quarter an an annualised rate of 15.2 percent, the sharpest annualised drop ever recorded in what remains the world's second-largest economy, the Tokyo government announced Wednesday. The pace narrowly exceeded the 14.4 percent annualised rate of contraction in the last three months of 2008.
Danish central bank lowers key interest rate to 1.65 percent, following ECB cutMay 8th, 2009 Denmark cuts key interest rate to to 1.65 percentCOPENHAGEN — Denmark's central bank says it has cut its key interest rate by 0.35 percentage point to 1.65 percent. Denmark's Nationalbanken says the decision was a consequence of a rate cut by the European Central Bank earlier in the day.
Private research group says consumer confidence soars in April amid hopeful economic signsApril 28th, 2009 Consumer confidence soars in AprilNEW YORK — A private research group says that consumer confidence soared in April amid hopeful signs that the economy is starting to stabilize. The Conference Board says that its Consumer Confidence Index rose 12 points to 39.2, up from a revised 26.9 in March.
Meltdown forces Infosys to freeze wages, hiringApril 15th, 2009 BANGALORE - The impact of global recession has forced Infosys Technologies, India's second largest IT bellwether, to freeze wage hike and fresh hiring in new fiscal 2009-10, a senior official said Wednesday. 'Employees will not get salary hike or promotions this fiscal.
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