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Inflation remained well under control in April, new government figures showed on Tuesday. After a couple months of relatively strong readings, consumer prices stagnated last month, returning to the tame levels seen late last year and the start of this year. The Department of Labor revealed that consumer prices were flat in April compared to [...]
Continue Reading →Social networking giant Facebook has raised the price range for its initial public offering to $34 to $38 a share, up from its earlier price range of $28 and $35 per share. The company expects to raise almost to $13 billion with the sale of 337.4 million shares, according to a regulatory filing made public [...]
Continue Reading →Home improvement retailer Home Depot, Inc. reported Tuesday a higher first-quarter profit as warm weather created improved demand for home renovation products, boosting its sales by about 6 percent. Adjusted earnings matched analysts’ estimates, but sales came below their view. Based on its year-to-date performance, the company lifted its guidance for the fiscal ending January [...]
Continue Reading →The Eurozone economy narrowly avoided a recession in the first quarter, as robust German economic growth offset contractions by the Spanish and Italian economy. Gross domestic product for the 17-nation bloc remained flat compared to the previous quarter after shrinking 0.3 percent in the fourth quarter of 2011, flash estimate from Eurostat showed Tuesday. The [...]
Continue Reading →There is an Irish proverb that says a good laugh and a long sleep are the best cures in the doctor’s book. But not everyone gets a good night’s sleep. Blame it on sleep disorders like insomnia, sleep walking and narcolepsy (excessive sleeping), to name a few.
Continue Reading →Aditya Birla Nuvo Ltd., a diversified conglomerate, reported a lower net profit for the fourth-quarter, both on consolidated and stand-alone basis, impacted by higher depreciation and interest costs, primarily relating to 3G investments in the telecom business, and higher provision for entry tax.
Continue Reading →Wall Street remains poised for a rebound on Tuesday, as indicated by the U.S. index futures, which point to a higher open. The negative sentiment emanating from the ongoing political tussle in Greece and the debt concerns plaguing some of the peripheral eurozone nations is likely to be offset to some extent by fairly positive [...]
Continue Reading →Confidence among German investors fell more-than-expected in May as last week’s election results in Greece and France triggered doubts over the European governments’ ability to stick to the planned fiscal consolidation path and contain the debt crisis.
Continue Reading →Germany avoided slipping into recession in the first quarter of 2012 backed by exports and domestic consumption, while the French economy recorded zero growth due to falling investment.
Despite the better-than-expected German figures, Eurozone is still expected to return to recession in the first quarter due to weakness elsewhere in the currency bloc.
The Federal [...]
Continue Reading →German steel giant ThyssenKrupp AG reported Tuesday a loss for the second quarter, citing lower price levels and declining volumes resulting from production cutbacks. Looking ahead to the second half of the year, the company expects adjusted earnings before interest and tax or EBIT to be moderately higher compared to the first half. For fiscal [...]
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