Asian Stocks Advance on Earnings Optimism; BHP Rises on Oil

Dec. 30 (Bloomberg) -- Asian stocks rose, paring the
regional benchmark index’s worst annual decline on record, amid
speculation governments will step up measures to bolster the
global economy and corporate earnings growth.
Taiwan’s second-biggest
liquid-crystal display maker, surged by its 7 percent daily
limit as the government pledged $6.1 billion to help key
industries.
Australia’s No. 1 oil company,
and Cnooc Ltd., China’s largest Read the rest of this entry »

April 30, 2007 | , , , , ,
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Materials costs drive down Caterpillar's earnings

missed profit expectations in the third quarter as rising materials costs ate into earnings.
Caterpillar (NYSE: CAT), which has long been buffered against the economic downturn by strength in emerging markets, said the higher materials costs were “the most significant headwind” to its third quarter earnings of $868 million, or $1.39 per diluted share. Manufacturing costs were $442 million higher than in the third quarter of 2007, the Read the rest of this entry »

April 30, 2007 | , , , , ,
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Fears over staff pensions as Strathclyde takes a hit

largest local authority pension fund, the Ј9 billion Strathclyde Pension Fund, has admitted that it has been caught out by the financial crisis that continues to envelope global financial markets. The fund, which uses an array of some of the world's top investment management firms, also said that it had "suspended" the renting out of equities it owns to short-sellers and hedge funds on September 22.
The Strathclyde fund had or has holdings in banks Read the rest of this entry »

April 30, 2007 | , , , , ,
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Dawdle Marketplace Creates Ecosystem for Gamers

Dawdle.com officially launched its online marketplace for gamers this week for buying and selling video games, systems, and accessories online. Launched in beta in November 2007, Dawdle.com provides unique tools to buyers and sellers using a proprietary database of games and gear. Dawdle.com also announced partnerships with Extreme Point of Sale, Wolftrack Software, FillZ.com and BRE Software.
Dawdle has no listing fees and processes all payments Read the rest of this entry »

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Schwab Profit Falls 5.9% as Bear Market Erodes Fees (Update2)

Schwab Profit Falls 5.9% as Bear Market Erodes Fees (Update3)
Oct. 15 (Bloomberg) -- Charles Schwab & Co., the largest
U.S. online brokerage, said third-quarter profit fell 5.9
percent as the slump in U.S. stocks eroded asset-management fees
and led to the first profit drop in more than three years.
Profit slid to $304 million, or 26 cents a share, from $323
million, or 27 cents, excluding a gain from the sale of a unit a
year earlier, the San Read the rest of this entry »

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Bank of Botswana Management in fraud allegations

12.10.2008 1:23:41 P
Confidential notes between the former Bank of Botswana Chief Internal Auditor (Joe Mutwale) and the Bank’s Audit Committee Chairman (Gordon Cunliffe) paints a picture of how the management of the Central Bank deliberately falsified figures that formed part of answers presented to parliament by the Minister of Finance and Development Planning.
A Member of Parliament had asked a set of pointed questions on the lifestyle of Read the rest of this entry »

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JPMorgan cuts Boeing delivery, profit estimates

JPMorgan cuts Boeing delivery, profit estimates
A JPMorgan analyst on Monday reduced his aircraft delivery and 2008 earnings estimates for Boeing Co. to reflect an ongoing strike at the aerospace company.
But Joseph Nadol raised his third-quarter profit forecast after Chicago-based Boeing delivered 84 planes during the period -- four more than expected.
"We are now incorporating a six-week strike into our estimates," he wrote in a note to investors. Read the rest of this entry »

April 30, 2007 | , , , , ,
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RR Donnelley Launches ECoM(TM) - Enterprise Communications Management

Mike Gordon, Managing Director at GDS (UK & Ireland) said, "We
developed ECoM in response to growing demand for multi-service and
value-adding solutions, backed by best in class consulting, project
management and client support services. ECoM allows organizations to
more effectively handle their entire customer communications management
lifecycle. The component-based nature of the solution enables users to
Read the rest of this entry »

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Bond problems could stifle growth

Oregon’s public universities are planning to sell more than $200 million worth of bonds between now and April to fund new research buildings, housing and much-needed, long- deferred maintenance.
But the universities and the state treasury might have to pay more interest than they’d planned, depending on myriad potential factors in the uncertain market for municipal bonds, which includes bonds issued by universities.
“We aren’t Read the rest of this entry »

April 30, 2007 | , , , ,
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EU charges Big Pharma manipulated market

Major pharmaceutical companies, including New York-based Pfizer Inc., came under attack Friday from the European Union, which accused them of anti-competitive practices to keep generic drugs off the market.
EU antitrust regulators said the tactics had cost Europeans about $4 billion since the year 2000.
”The European Commission today declared war on the pharmaceutical sector by questioning the legitimacy of a range of well-established business Read the rest of this entry »

April 29, 2007 | , , ,
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