July 28th, 2010
Ford Motor continued its successful turnaround as better-than-expected sales and profits easily outdistanced expectations and reversed the operating loss of a year ago.
The automaker earned $2.7 billion, or 68 cents a share, excluding special items. The consensus forecast of analysts surveyed by Thomson Reuters was for earnings of 40 cents a share, and Ford […]
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July 26th, 2010
In a letter sent to Hawker Beechcraft Corp. employees on Friday, the company’s vice president of human resources, Rich Jiwanlal, said claims by its machinists’ union about the number of potential job cuts were “not true.”
International Association of Machinists and Aerospace Workers District 70 President Steve Rooney said in his own letter to machinists last […]
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July 22nd, 2010
Volkswagen AG CEO Martin Winterkorn touted his company's efforts Monday to grow to be the world's biggest car maker, including an expansion of its new car lab in the Bay Area.
"We want to take Volkswagen to the top of the industry by 2018," Volkswagen CEO Martin Winterkorn told reporters at the company's Electronics Research Laboratory […]
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June 28th, 2010
A four-year, $90 million redesign and construction project recently was completed at St. Anthony’s Medical Center in south St. Louis County with the opening of the hospital’s new heart and vascular institute.
This final part of the project groups three radiology suites, three cardiac catheterization labs, two electrophysiological labs and an endovascular lab together […]
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May 7th, 2010
Factories are churning out more goods. Consumers are spending. Government aid is fueling construction activity. But stagnant pay and weak hiring will likely restrain the economic rebound in coming months.
That cautionary picture emerged from a series of economic reports Monday.
Consumers stepped up spending in March by the largest amount in […]
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March 4th, 2010
Past may be no prologue for Treasury investors when Federal Reserve policy makers begin to withdraw their unprecedented monetary stimulus without raising interest rates.
For the first time since at least 1980, a change in monetary policy may mean the difference between short- and long-term Treasury yields will widen rather than narrow. The threat […]
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January 15th, 2010
A tech rally propelled the Nasdaq and helped the broader market erase losses Friday, as investors took in stride a surprisingly weak jobs report amid other recent signs that the economy appears to be stabilizing.
The Dow Jones industrial average (INDU) added 11 points, or 0.1%. The S&P 500 index (SPX) gained 3 points, or […]
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November 28th, 2009
Canwest Global Communications delivered another quarterly loss on Friday, with the still-sluggish advertising market pulling down overall revenues by 13 per cent during a period that saw little in the way of good news for a company in the midst of a major restructuring.
The Winnipeg-based media conglomerate posted a $111-million loss worth 62 cents […]
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November 27th, 2009
The United States’ pattern of consumption funded by credit has an impact on its currency’s exchange rate, ECB’s governing council member Nout Wellink said on Thursday.
“The sub prime crisis was an expression of living above its means. That then translates into the exchange rate versus foreign currencies,” Wellink said during a symposium of the […]
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October 13th, 2009
The U.K. housing market strengthened in September as the proportion of surveyors and real-estate agents reporting higher prices rose to the highest since May 2007, the Royal Institution of Chartered Surveyors said.
The number of respondents saying prices rose exceeded those reporting declines by 22 percentage points, compared with 10 percent in August, RICS […]
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