(Bloomberg) -- The following stocks may rise or fall on the Paris stock exchange. Symbols are in parentheses after company names. Prices are from yesterday's close.
The benchmark CAC 40 Index slipped 2.89, or 0.1 percent, to 5944.44. The broader SBF 120 Index also declined 0.1 percent.
Read more at Bloomberg Stocks News
Thursday, April 26, 2007
Japan Shares Fall, Led by Canon, After Rising Inventories Signal Slowdown
(Bloomberg) -- Japanese stocks slipped, led by electronics companies such as Canon Inc. after electrical parts inventories rose for a second month, suggesting demand may be slowing for their products.
``Electronics parts inventories are a bit excessive,'' said Yoshinori Nagano, who helps oversee about $70 billion at Daiwa Asset Management Co. in Tokyo. ``The inventory numbers are an important indicator as to the economic cycle for electronics companies and when it rises that's a sign that production may be headed for a decline.''
Read more at Bloomberg Stocks News
``Electronics parts inventories are a bit excessive,'' said Yoshinori Nagano, who helps oversee about $70 billion at Daiwa Asset Management Co. in Tokyo. ``The inventory numbers are an important indicator as to the economic cycle for electronics companies and when it rises that's a sign that production may be headed for a decline.''
Read more at Bloomberg Stocks News
Australian Cattle Prices Advance, Reversing Slump, Ahead of Forecast Rain
(Bloomberg) -- Cattle prices in Australia, the world's second-largest beef exporter, rose 4.1 percent this week, ending two straight weeks of declines, on forecasts of rain for some parts of the country.
Australia's benchmark Eastern Young Cattle Indicator, which measures auction prices of cattle sold at sale yards in the east of the country, rose 12 cents, to A$3.08 ($2.54) a kilogram this week. That's the biggest weekly gain in 14 weeks.
Read more at Bloomberg Commodities News
Australia's benchmark Eastern Young Cattle Indicator, which measures auction prices of cattle sold at sale yards in the east of the country, rose 12 cents, to A$3.08 ($2.54) a kilogram this week. That's the biggest weekly gain in 14 weeks.
Read more at Bloomberg Commodities News
Philippine Three-Year Bonds Fall a Fourth Week on Deficit, Peso Declines
(Bloomberg) -- Philippine three-year local- currency bonds fell for a fourth week on concern the government will miss its budget deficit target and resort to more borrowing. The peso declined.
Three-year bonds had the biggest weekly decline in at least six weeks after the government reported its widest monthly deficit in March in more than a decade, bringing the first- quarter shortfall to 52 billion pesos ($1.1 billion) or four- fifths of the full-year goal. Bonds also dropped this week on the resignation of National Treasurer Omar Cruz.
Read more at Bloomberg Bonds News
Three-year bonds had the biggest weekly decline in at least six weeks after the government reported its widest monthly deficit in March in more than a decade, bringing the first- quarter shortfall to 52 billion pesos ($1.1 billion) or four- fifths of the full-year goal. Bonds also dropped this week on the resignation of National Treasurer Omar Cruz.
Read more at Bloomberg Bonds News
European Commodity Stocks, BHP May Decline; Business Objects May Advance
(Bloomberg) -- European basic resources stocks may decline after copper plunged to a three-week low, pacing a decline by other metals including gold.
BHP Billiton, the world's biggest mining company, and Rio Tinto Plc, the third largest, slid in Australia. Business Objects SA might track gains by technology companies after Microsoft Corp. said earnings jumped.
Read more at Bloomberg Stocks News
BHP Billiton, the world's biggest mining company, and Rio Tinto Plc, the third largest, slid in Australia. Business Objects SA might track gains by technology companies after Microsoft Corp. said earnings jumped.
Read more at Bloomberg Stocks News
Highlights-Japan economic indicators, BOJ rate decision
(Reuters) - The central bank kept its target interest rate unchanged at 0.5 percent on Friday, as widely expected by markets.
Following are key points of the economic indicators released and the Bank of Japan's policy decision.
Read more at Reuters.com Economic News
Following are key points of the economic indicators released and the Bank of Japan's policy decision.
Read more at Reuters.com Economic News
China Citic Bank Shares Double in Shanghai Debut After $5.4 Billion Sale
(Bloomberg) -- China Citic Bank Corp. shares more than doubled on their first day of trading in Shanghai after the company raised $5.4 billion in the world's biggest initial public offering this year.
The stock rose to 11.8 yuan at 1:37 p.m. in Shanghai from the offer price of 5.8 yuan, after having risen to 12.19 yuan earlier. The Hong Kong-traded shares rose 16 percent to HK$6.85.
Read more at Bloomberg Emerging Markets News
The stock rose to 11.8 yuan at 1:37 p.m. in Shanghai from the offer price of 5.8 yuan, after having risen to 12.19 yuan earlier. The Hong Kong-traded shares rose 16 percent to HK$6.85.
Read more at Bloomberg Emerging Markets News
All American, New Century, Allied, Northwest Airlines, Tower: Bankruptcy
(Bloomberg) -- All American Semiconductor Inc., a semiconductor and electronic component distributor, will appear today in the U.S. Bankruptcy Court in Miami, Florida to ask permission to sell substantially all of its assets.
All American, which doesn't have a definitive agreement with a buyer, filed its Chapter 11 petition April 25, having signed an unidentified buyer to a non-binding letter of intent for the purchase of the business for an undisclosed price.
Read more at Bloomberg Bonds News
All American, which doesn't have a definitive agreement with a buyer, filed its Chapter 11 petition April 25, having signed an unidentified buyer to a non-binding letter of intent for the purchase of the business for an undisclosed price.
Read more at Bloomberg Bonds News
Shanghai Copper Plunges Limit to Three-Week Low After U.S. Housing Data
(Bloomberg) -- Shanghai copper fell to its lowest in almost three weeks after a forecast for lower U.S. housing starts raised concern that demand may slow and Peru's government declared illegal a miners' strike planned for April 30.
Single-family housing starts will fall to 1.16 million this year, the lowest since 1.13 million in 1997, said the National Association of Home Builders, yesterday in Washington. Most of Peru's unions failed to present strike petitions within five working days of the planned walkout, as required by law, Labor Minister Susana Pinilla said in Lima yesterday.
Read more at Bloomberg Commodities News
Single-family housing starts will fall to 1.16 million this year, the lowest since 1.13 million in 1997, said the National Association of Home Builders, yesterday in Washington. Most of Peru's unions failed to present strike petitions within five working days of the planned walkout, as required by law, Labor Minister Susana Pinilla said in Lima yesterday.
Read more at Bloomberg Commodities News
Gold hits 2-week low; cautious mood before U.S. data
(Reuters) - Investec Australia pegged support at $670 and resistance at
$685.
Read more at Reuters.com Hot Stocks News
$685.
Read more at Reuters.com Hot Stocks News
South Korea's Won Set for First Weekly Fall This Month as Deficit Widens
(Bloomberg) -- South Korea's won headed for a weekly decline as a central bank official said the nation may post a current account deficit in April after the March shortfall was the widest in almost a year.
The currency faces pressure to weaken as a growing deficit indicates more money is flowing out from the nation. The gap widened on increased dividend payments to offshore investors, who owned 37 percent of shares on the Kospi equities index as of April 25. The payments usually happen in March and April, increasing demand to convert won into dollars.
Read more at Bloomberg Currencies News
The currency faces pressure to weaken as a growing deficit indicates more money is flowing out from the nation. The gap widened on increased dividend payments to offshore investors, who owned 37 percent of shares on the Kospi equities index as of April 25. The payments usually happen in March and April, increasing demand to convert won into dollars.
Read more at Bloomberg Currencies News
Clear Channel takeover may hang on proxy decision
(Reuters) - ISS, which advises fund managers and pension funds how to vote on various issues, recommended on March 29 that shareholders oppose Thomas H. Lee and Bain Capital's $36.70 a share, or $19 billion bid, tabled in November, arguing that it undervalued the company.
Last week, the bidders raised their offer to $39 and ISS has yet to give any revised opinion on whether shareholders should support the new bid or vote against it on May 8.
Read more at Reuters.com Mergers News
Last week, the bidders raised their offer to $39 and ISS has yet to give any revised opinion on whether shareholders should support the new bid or vote against it on May 8.
Read more at Reuters.com Mergers News
TV to U.S. govt: Hands off violent programs
(Reuters) - CBS Corp., News Corp. and the cable industry said such regulation would be an unconstitutional violation of free speech rights and face high legal hurdles.
"A clear majority of Americans want to choose the programming they invite into their homes, and not cede that authority to the government," CBS said in a statement.
Read more at Reuters.com Government Filings News
"A clear majority of Americans want to choose the programming they invite into their homes, and not cede that authority to the government," CBS said in a statement.
Read more at Reuters.com Government Filings News
UDPATE 1-Mexican retailer Comerci 1st-qtr net up 21 pct
(Reuters) - Comerci earned 391 million pesos in the January-March period, compared with 324 million pesos a year earlier.
Quarterly revenue rose 6 percent to 11.123 billion pesos.
Read more at Reuters.com Market News
Quarterly revenue rose 6 percent to 11.123 billion pesos.
Read more at Reuters.com Market News
CORRECTED - KLA-Tencor quarterly profit rises but stock falls
(Reuters) - KLA-Tencor said net profit for its fiscal third quarter was $154.8 million, or 76 cents per share, compared with $96.7 million, or 47 cents per share, a year earlier. Revenue rose to $716.2 million from $519.6 million a year earlier.
The company was expected to have earned $157.1 million, or 78 cents per share, excluding special items, on revenue of $709.3 million, according to the average forecast of Wall Street analysts on Reuters Estimates.
Read more at Reuters.com Market News
The company was expected to have earned $157.1 million, or 78 cents per share, excluding special items, on revenue of $709.3 million, according to the average forecast of Wall Street analysts on Reuters Estimates.
Read more at Reuters.com Market News
UPDATE 1-U.S. Congress approves Iraq war withdrawal plan
(Reuters) - WASHINGTON, April 26 - In an unprecedented slap at President George W. Bush's war policy, the U.S. Congress on Thursday approved legislation that links withdrawal of combat troops to paying for the war, ensuring a certain veto.
Nonetheless, by a vote of 51-46, the Senate joined the House of Representatives in backing the hotly contested bill that would provide about $100 billion for the wars in Iraq and Afghanistan this year while setting a deadline to withdraw U.S. forces over the next 11 months.
Read more at Reuters.com Bonds News
Nonetheless, by a vote of 51-46, the Senate joined the House of Representatives in backing the hotly contested bill that would provide about $100 billion for the wars in Iraq and Afghanistan this year while setting a deadline to withdraw U.S. forces over the next 11 months.
Read more at Reuters.com Bonds News
Danone to delist from New York, cites accounts rule
(Reuters) - Danone said it was motivated by low volumes traded in New York and partly by the fact the U.S. does not recognise the international financial reporting standards that all big European companies have now adopted.
Non-U.S. companies listed in New York are still forced to publish results using U.S. GAAP, although the SEC signalled a possible softening of the rule this week.
Read more at Reuters.com Government Filings News
Non-U.S. companies listed in New York are still forced to publish results using U.S. GAAP, although the SEC signalled a possible softening of the rule this week.
Read more at Reuters.com Government Filings News
S.Africa 3-month T-bill rate up at 8.32 pct
(Reuters) - The average discount rate for South African three-month Treasury Bills crept up to 8.32 percent at Thursday's auction from 8.29 percent last week, the Reserve Bank said.
The average yield was at 8.49 percent from 8.46 percent previously. Applications for the 2.3 billion rand of bills on offer totalled 5.032 billion rand.
Read more at Reuters Africa
The average yield was at 8.49 percent from 8.46 percent previously. Applications for the 2.3 billion rand of bills on offer totalled 5.032 billion rand.
Read more at Reuters Africa
S.African authority OKs Evraz deal with conditions
(Reuters) - South Africa's Competition Tribunal has conditionally approved the merger of steelmaker Highveld with Evraz Group, Russia's top steel maker by volume, it said on Thursday.
The merger is subject to the sale of an interest in Mapochs Mine and Vanchem plants by Highveld, the tribunal said in a statement, saying its ruling was in line with the European Commission's on the transaction.
Read more at Reuters Africa
The merger is subject to the sale of an interest in Mapochs Mine and Vanchem plants by Highveld, the tribunal said in a statement, saying its ruling was in line with the European Commission's on the transaction.
Read more at Reuters Africa
US jobless claims fell 20,000 last week
(Reuters) - There were no special factors behind the drop in new claims, a Labor Department analyst told reporters.
Analysts polled by Reuters were expecting claims to ease by 9,000 to 330,000 from the previously reported 339,000 in the week ended April 14.
Read more at Reuters.com Economic News
Analysts polled by Reuters were expecting claims to ease by 9,000 to 330,000 from the previously reported 339,000 in the week ended April 14.
Read more at Reuters.com Economic News
REFILE-US STOCKS-Wall St. set to rally on earnings
(Reuters) - NEW YORK, April 26 - U.S. stock index futures rose sharply on Thursday, indicating Wall Street will sustain its rally after forecast-beating financial results from Apple Inc. and Ford Motor Co.
Strong profit reports and reassuring economic data helped pushed the Dow Jones industrial average to a close above 13,000 for the first time on Wednesday.
Read more at Reuters.com Bonds News
Strong profit reports and reassuring economic data helped pushed the Dow Jones industrial average to a close above 13,000 for the first time on Wednesday.
Read more at Reuters.com Bonds News
XM Satellite quarterly loss narrows
(Reuters) - The company posted a first-quarter loss attributable to common stockholders of $122 million, or 40 cents a share, compared with a loss of $149 million, or 60 cents a share, a year earlier.
XM said it added about 285,000 net new subscribers in the quarter, for a total of more than 7.9 million subscribers. First-quarter revenue rose 27 percent to $264 million.
Read more at Reuters.com Bonds News
XM said it added about 285,000 net new subscribers in the quarter, for a total of more than 7.9 million subscribers. First-quarter revenue rose 27 percent to $264 million.
Read more at Reuters.com Bonds News
CORRECTED - CORRECTED-Friedman Billings posts quarterly loss
(Reuters) - The investment bank and brokerage said in March that it would explore strategic options for its subprime unit, First NLC Financial Services.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
US STOCKS-Wall Street pauses after rally; Apple jumps
(Reuters) - NEW YORK, April 26 - U.S. stocks were barely changed on Thursday as investor caution after a recent milestone rally and before a major economic report offset strong earnings from companies such as Apple Inc. and Ford Motor Co. .
Strong profit reports helped push the Dow Jones industrial average to a record close above 13,000 on Wednesday and lifted the Standard & Poor's 500 index to its highest in more than six years.
Read more at Reuters.com Bonds News
Strong profit reports helped push the Dow Jones industrial average to a record close above 13,000 on Wednesday and lifted the Standard & Poor's 500 index to its highest in more than six years.
Read more at Reuters.com Bonds News
Israeli Shares Rally on Rates, Paced by Hapoalim: World's Biggest Mover
(Bloomberg) -- Israeli stocks rose for a third day after the shekel strengthened against the dollar, stoking speculation borrowing costs will fall.
Bank Hapoalim Ltd., Israel's largest lender, and Israel Chemicals Ltd., a fertilizer producer, led the advance.
Read more at Bloomberg Emerging Markets News
Bank Hapoalim Ltd., Israel's largest lender, and Israel Chemicals Ltd., a fertilizer producer, led the advance.
Read more at Bloomberg Emerging Markets News
Potash first-quarter profit jumps 58 pct
(Reuters) - The world's top fertilizer producer by market value said it earned $198 million, or $1.85 per share for the quarter ended March 31, up from $125.5 million, or $1.19 per share, a year earlier.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
UPDATE 1-Acer Q1 net rises 41 pct on market share gains
(Reuters) - Acer announced a first-quarter net profit of T$5.66 billion , higher than T$4.02 billion a year earlier. The result beat market forecast of T$3.34 billion, according to eight analysts on Reuters Estimates.
Acer, Taiwan's top computer brand, made a net profit of T$1.265 billion in the fourth quarter of 2006.
Read more at Reuters.com Market News
Acer, Taiwan's top computer brand, made a net profit of T$1.265 billion in the fourth quarter of 2006.
Read more at Reuters.com Market News
UPDATE 1-Potash Corp. posts higher profit on strong demand
(Reuters) - Potash said it earned $198 million, or $1.85 per share for the quarter ended March 31, up from $125.5 million, or $1.19 per share, a year earlier.
Analysts polled by Reuters Estimates had expected earnings per share of $1.75, on average.
Read more at Reuters.com Market News
Analysts polled by Reuters Estimates had expected earnings per share of $1.75, on average.
Read more at Reuters.com Market News
Group 1 net down, hurt by asset dispositions
(Reuters) - Excluding one-time items, the company earned 82 cents per share. Analysts, on average, had expected 86 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
UPDATE 1-AEP first-quarter earnings fall
(Reuters) - Net income was $271 million, or 68 cents per share, compared with $381 million, or 97 cents per share, a year earlier.
Analysts on average had expected AEP to post 71 cents per share in the first quarter, according to data compiled by Reuters Estimates.
Read more at Reuters.com Market News
Analysts on average had expected AEP to post 71 cents per share in the first quarter, according to data compiled by Reuters Estimates.
Read more at Reuters.com Market News
UPDATE 1-Equitable Resources first-quarter earnings fall
(Reuters) - Net income for the first quarter fell to $56.6 million, or 46 cents per share, from $72.3 million, or 59 cents per share, a year earlier.
Revenue in the quarter rose to $456.5 million from $430.1 million last year.
Read more at Reuters.com Market News
Revenue in the quarter rose to $456.5 million from $430.1 million last year.
Read more at Reuters.com Market News
UPDATE 1-EarthLink posts quarterly net loss
(Reuters) - The first-quarter net loss was $30 million, or 24 cents per share, compared with a net profit of $16.4 million, or 12 cents per share, a year earlier.
Revenue rose 4.7 percent to $324.4 million.
Read more at Reuters.com Market News
Revenue rose 4.7 percent to $324.4 million.
Read more at Reuters.com Market News
UPDATE 1-Comcast profit rises on subscribers, one-time gain
(Reuters) - NEW YORK, April 26 - Comcast Corp. , the leading U.S. cable operator, posted on Thursday an 80 percent rise in quarterly profit, fueled by subscriber growth and a one-time gain from dissolving a partnership with Time Warner Cable Inc.
Net profit rose to $837 million, or 26 cents per share, in the first quarter, from $466 million or 15 cents per share, a year earlier. The results were boosted by a $300 million gain from the dissolution of its Texas/Kansas cable system partnership with Time Warner Cable.
Read more at Reuters.com Market News
Net profit rose to $837 million, or 26 cents per share, in the first quarter, from $466 million or 15 cents per share, a year earlier. The results were boosted by a $300 million gain from the dissolution of its Texas/Kansas cable system partnership with Time Warner Cable.
Read more at Reuters.com Market News
UPDATE 1-Jakks Pacific's first-quarter earnings rise
(Reuters) - The maker of Care Bears and Plug It In & Play TV games said first-quarter net income increased to $3.2 million, or 12 cents a share, from $2.3 million, or 9 cents a share, a year earlier.
Quarterly sales rose 15.7 percent to $124.1 million from $107.2 million a year earlier, the company said, helped by strong sales of its Pokemon toys and World Wrestling Entertainment Inc. action figures.
Read more at Reuters.com Market News
Quarterly sales rose 15.7 percent to $124.1 million from $107.2 million a year earlier, the company said, helped by strong sales of its Pokemon toys and World Wrestling Entertainment Inc. action figures.
Read more at Reuters.com Market News
Tenneco quarterly net earnings fall
(Reuters) - Revenue rose 24 percent to $1.4 billion.
Analysts, on average, expected Lake Forest, Illinois-based Tenneco to report earnings of 13 cents per share before one-time items and revenue of $1.36 billion, according to Reuters Estimates.
Read more at Reuters.com Market News
Analysts, on average, expected Lake Forest, Illinois-based Tenneco to report earnings of 13 cents per share before one-time items and revenue of $1.36 billion, according to Reuters Estimates.
Read more at Reuters.com Market News
Silgan first-quarter profits rise
(Reuters) - Results for 2007 included a pretax rationalization charge of $1.1 million, or 2 cents per diluted share net of tax. In 2006 results included a pretax rationalization charge of $2.2 million, or 3 cents per diluted share net of tax.
The impact of 2006 acquisitions, continued focus on cost reductions, improving manufacturing efficiencies and the recovery of significant cost inflation experienced over the past year translated into significant profit improvement during the first quarter, said Tony Allott, president and chief executive.
Read more at Reuters.com Market News
The impact of 2006 acquisitions, continued focus on cost reductions, improving manufacturing efficiencies and the recovery of significant cost inflation experienced over the past year translated into significant profit improvement during the first quarter, said Tony Allott, president and chief executive.
Read more at Reuters.com Market News
Copper Rises for Second Day in London on Stocks, Strike; Zinc, Lead Gain
(Bloomberg) -- Copper rose for a second consecutive day in London as stockpiles of the metal fell to a four-month low, adding to speculation about supply problems as smelter workers in Peru threaten to strike.
Stockpiles monitored by the London Metal Exchange fell for an eight consecutive day and to their lowest since Dec. 7. Workers from Southern Copper Corp.'s Ilo smelter will strike over wages as soon as April 28. The Phoenix-based company is the world's fifth-largest copper producer.
Read more at Bloomberg Commodities News
Stockpiles monitored by the London Metal Exchange fell for an eight consecutive day and to their lowest since Dec. 7. Workers from Southern Copper Corp.'s Ilo smelter will strike over wages as soon as April 28. The Phoenix-based company is the world's fifth-largest copper producer.
Read more at Bloomberg Commodities News
3M posts higher quarterly profit
(Reuters) - The latest results included a gain of 57 cents a share from the sale of the company's branded drug business in Europe.
Analysts on average had expected a profit of $1.12 a share before one-time items, according to Reuters Estimates.
Read more at Reuters.com Business News
Analysts on average had expected a profit of $1.12 a share before one-time items, according to Reuters Estimates.
Read more at Reuters.com Business News
VMware files for $100 million IPO
(Reuters) - VMware has not decided whether to list its Class A stock on the Nasdaq or the New York Stock Exchange, according to the filing.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
Kenya shilling unchanged vs dollar in quiet trade
(Reuters) - The Kenya shilling was flat against the U.S. dollar in slow trade on Thursday and dealers predicted it would remain rangebound in coming days.
At 1030 GMT, commercial banks quoted the local currency at 68.25/35 to the greenback, same as Wednesday's close.
Read more at Reuters Africa
At 1030 GMT, commercial banks quoted the local currency at 68.25/35 to the greenback, same as Wednesday's close.
Read more at Reuters Africa
BBA Aviation says trading showing good progress
(Reuters) - "BBA Aviation today announces that it has reached a definitive agreement to acquire 100 percent of the capital stock of Executive Beechcraft, Inc."
It said the U.S. aircraft maintenance, charter and sales firm had sales of $63 million last year and gross assets of $33 million.
Read more at Reuters.com Mergers News
It said the U.S. aircraft maintenance, charter and sales firm had sales of $63 million last year and gross assets of $33 million.
Read more at Reuters.com Mergers News
UPDATE 3-PPR sales beat forecasts despite slower Gucci growth
(Reuters) - PARIS, April 26 - French fashion-to-furniture retailer PPR reported a forecast-beating 5.0 percent rise in first-quarter sales as a pick up in its African distribution business added to growth in its luxury brands.
The owner of Gucci and Yves Saint Laurent and France's Conforama home-furnishing and Fnac books and music chains said sales in the three months to March 31 rose to 4.447 billion euros from 4.235 billion a year ago.
Read more at Reuters.com Mergers News
The owner of Gucci and Yves Saint Laurent and France's Conforama home-furnishing and Fnac books and music chains said sales in the three months to March 31 rose to 4.447 billion euros from 4.235 billion a year ago.
Read more at Reuters.com Mergers News
HIGHLIGHTS-Putin's annual address to parliament
(Reuters) - ** Putin said foreign money was being channelled into Russia to meddle in domestic politics, and called for tougher legislation to fight extremists. ** Putin said the introduction of a system of proportional representation would ensure a fair result in this December's lower house election. Russia's strategic direction will depend directly on the new parliament, he said.
** He announced a housing offensive. Some of the proceeds of the auction of assets in bankrupt oil firm YUKOS should be ploughed into homebuilding, he said.
Read more at Reuters.com Bonds News
** He announced a housing offensive. Some of the proceeds of the auction of assets in bankrupt oil firm YUKOS should be ploughed into homebuilding, he said.
Read more at Reuters.com Bonds News
Platinum Advances in London, Ending Its Worst Losing Streak in Seven Weeks
(Bloomberg) -- Platinum rose in London, snapping its worst losing streak in more than seven weeks on speculation that a new platinum-based investment product will buoy demand for the metal used in jewelry and cars. Palladium declined.
Platinum fell for three consecutive trading sessions after closing at a record April 20. Carmakers are using more platinum to reduce emissions from vehicles as governments tighten environmental controls. Demand may be further bolstered by investors buying a new exchange-traded fund backed by platinum, London-based researcher GFMS Ltd. said yesterday.
Read more at Bloomberg Commodities News
Platinum fell for three consecutive trading sessions after closing at a record April 20. Carmakers are using more platinum to reduce emissions from vehicles as governments tighten environmental controls. Demand may be further bolstered by investors buying a new exchange-traded fund backed by platinum, London-based researcher GFMS Ltd. said yesterday.
Read more at Bloomberg Commodities News
Nintendo 06/07 profit jumps, sees further growth
(Reuters) - TOKYO, April 26 - Japanese video game maker Nintendo Co. Ltd. said on Thursday its yearly profit more than doubled on vigorous sales of its DS handheld games, and it forecast bigger growth than expected this year.
The DS offers intuitive, easy-to-play games such as its "Nintendogs" pet training title, and has helped expand the gaming population beyond the hardcore users of young men to include women and the elderly.
Read more at Reuters.com Market News
The DS offers intuitive, easy-to-play games such as its "Nintendogs" pet training title, and has helped expand the gaming population beyond the hardcore users of young men to include women and the elderly.
Read more at Reuters.com Market News
GLOBAL MARKETS-Stocks at record highs, dollar at lows
(Reuters) - The dollar was close to an all-time trough against the euro after hitting the lowest level on Wednesday against a trade- weighted basket of major world currencies since the Bretton Woods fixed exchange rate system broke down.
Stock markets, however, rallied after a strong performance from Wall Street, where the Dow Jones industrial average closed overnight above 13,000 for the first time.
Read more at Reuters.com Bonds News
Stock markets, however, rallied after a strong performance from Wall Street, where the Dow Jones industrial average closed overnight above 13,000 for the first time.
Read more at Reuters.com Bonds News
Lincoln National explores sale of unit -WSJ
(Reuters) - Lincoln could not immediately be reached for comment.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
Nintendo 2006/07 profit jumps, sees further growth
(Reuters) - Operating profit at Nintendo, which competes with Sony Corp. and Microsoft Corp. in the $30 billion video game industry, rose to a record 226.02 billion yen in the year ended in March, up from 90.35 billion yen a year earlier.
That compares with a consensus of 204.9 billion yen in a poll of 18 analysts by Reuters Estimates.
Read more at Reuters.com Market News
That compares with a consensus of 204.9 billion yen in a poll of 18 analysts by Reuters Estimates.
Read more at Reuters.com Market News
UPDATE 1-Nissan Q4 up, sees modest 2007-08 rise
(Reuters) - TOKYO, April 26 - Nissan Motor Co. , Japan's third-biggest carmaker, posted a small increase in quarterly operating profit as it sold fewer vehicles than expected, and forecast a modest 3 percent profit rise this year.
Last year, Nissan was overtaken as Japan's second-biggest automaker by Honda Motor Co. and it lags its bigger domestic rivals in brand image, having lost years of aggressive research and development in the late 1990s while it scrambled to stay afloat.
Read more at Reuters.com Market News
Last year, Nissan was overtaken as Japan's second-biggest automaker by Honda Motor Co. and it lags its bigger domestic rivals in brand image, having lost years of aggressive research and development in the late 1990s while it scrambled to stay afloat.
Read more at Reuters.com Market News
Aquarius Platinum lifts Q3 profit 158 pct
(Reuters) - South African miner Aquarius Platinum said on Thursday third quarter net profit increased 158 percent to $47.9 million due to higher precious metal prices.
The firm, which has most of its operations in South Africa and is listed in Johannesburg, Sydney and London, said its revenue for the quarter to end-March was $197.7 million.
Read more at Reuters Africa
The firm, which has most of its operations in South Africa and is listed in Johannesburg, Sydney and London, said its revenue for the quarter to end-March was $197.7 million.
Read more at Reuters Africa
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