 PARIS (Reuters) - European aerospace and defense group EADS forecast a significant improvement in operating profit next year after stable earnings this year as a pickup in demand leads to a surge in orders for Airbus planes. |
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 LONDON (Reuters) - BSkyB will spend 1 billion pounds ($1.6 billion) to placate investors who lost out after News Corp bowed to public fury over a hacking scandal and dropped a bid to take full control of the satellite broadcaster. |
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Total profits fall despite high oil prices
Thu,28 Jul 2011 11:19 PM PDT
Reuters - PARIS (Reuters) - Oil major Total posted a 6 percent drop in quarterly profits as high crude prices failed to make up for output losses in conflict-torn Libya and the North Sea, and weakness in its refining business. Full Story |
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Michelin hikes sales volumes target after H1 rise
Thu,28 Jul 2011 11:05 PM PDT
Reuters - PARIS (Reuters) - French tire manufacturer Michelin hiked its 2011 sales volume target after a rise in sales and profitability in the first half, and said its price increases were offsetting raw material price rises. The group said it would target a 2011 increase in sales volumes of about 8 percent, versus an earlier target of at least 6.5 percent, with market growth in the second half set to return to levels closer to those seen before the industry crisis. Full Story |
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Japan escalates warnings on yen rise to protect recovery
Thu,28 Jul 2011 10:08 PM PDT
Reuters - TOKYO (Reuters) - Japan on Friday escalated its warning to financial markets against testing the yen's upside further, with the finance ministry signaling that Tokyo may not wait for too long with action if the currency keeps climbing. Full Story |
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 TOKYO (Reuters) - Japan on Friday escalated its warning to financial markets against testing the yen's upside further, with the finance ministry signaling that Tokyo may not wait for too long with action if the currency keeps climbing. |
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 LOS ANGELES (Reuters) - Starbucks Corp raised its fiscal year forecast above Wall Street's estimates, banking on its relatively well-heeled customers visiting more often and shaking off price increases. |
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 NEW YORK (Reuters) - A federal judge ruled on Thursday that influential comic book artist Jack Kirby's creations such as the Fantastic Four and the Hulk belong to Marvel Entertainment, and not his heirs. |
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Madoff trustee set back in lawsuits vs banks
Thu,28 Jul 2011 03:49 PM PDT
Reuters - NEW YORK (Reuters) - Banks accused of failing to detect Bernard Madoff's fraud won a big court victory as a Manhattan federal judge rejected efforts by the trustee seeking money for Ponzi scheme victims to pursue many of his claims. Full Story |
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 LOS ANGELES (Reuters) - Starbucks Corp raised its fiscal year forecast above analysts' estimates after its relatively well-heeled customers visited more often and shook off price increases in the latest quarter. |
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 NEW YORK (Reuters) - Cutting the U.S. deficit by some $4 trillion over 10 years would be a good start, but more savings would be needed over time to bring the country's finances under control, ratings agency Standard & Poor's said on Thursday. |
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Goldman Sachs rates desk hemorrhages traders
Thu,28 Jul 2011 02:58 PM PDT
Reuters - NEW YORK (Reuters) - More than a dozen traders have quit Goldman Sachs Group Inc's North American government bonds and derivatives trading desk in New York in recent months as the bank takes fewer risks and big bonuses for ambitious traders dry up. Full Story |
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Fairfax Financial profit rises with investments
Thu,28 Jul 2011 02:49 PM PDT
Reuters - TORONTO (Reuters) - Fairfax Financial Holdings , which took a 9 percent stake in Bank of Ireland earlier this week, said on Thursday its quarterly profit rose from a year earlier due mainly to increases in its stock and bond portfolios. Full Story |
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