Malcolm Morrison, The Canadian Press April 30, 2008 - 10:57 a.m. TORONTO - The Toronto stock market jumped almost 200 points mid-morning Wednesday as oil prices revived following a big drop on Tuesday, offsetting data showing more deterioration in the Canadian economy. New York markets were positive after data showed the U.S. thriftiness still registering some growth during the first quarter while General Motors Corp. handed in a quarterly loss that was smaller than expected. However, trading was cautious ...
Wabco 1st-quarter earnings jump 53 percent on sales bumps in Europe, Asia
Apr 30 2008
April 30, 2008 - 10:51 a.m. NEW YORK (AP) - Wabco Holdings Inc.'s first-quarter earnings jumped 53 percent as demand from Asia and Europe more than offset a sales avoid in North America, the automotive supplier said Wednesday. Wabco, which makes braking, suspension and transmission systems for commercial trucks, said net income rose to $61.3 the great body of the people, or 91 cents per share, from $40.1 the masses, or 58 cents per share, in ...
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Energy futures drop on government report of unexpected jump in crude and distillate supplies
Apr 30 2008
John Wilen April 30, 2008 - 10:50 a.m. NEW YORK (AP) - Energy futures are down sharply after the government's report that crude oil and distillate fuel inventories rose more than expected last week. The Energy Department said crude oil inventories rose by 3.8 million barrels. That's more than double the increase analysts had expected. Meanwhile, inventories of distillates, which include heating oil and diesel fuel rose more than seven times the expected increase. ...
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Jones Lang’s stock plummets after 90 pct drop in 1st-quarter profit on high operating costs
Apr 30 2008
April 30, 2008 - 10:48 a.m. NEW YORK (AP) - Shares of Jones Lang LaSalle Inc. tumbled Wednesday, a day after the commercial real estate services company said its first-quarter profit dropped 90 percent, widely missing Wall Street's expectations. The stock of the Chicago-based company fell $6.20, or 7.1 percent, to $81.50 in morning trading. Late Tuesday, Jones Lang said earnings in the first quarter plunged to $2.8 million, or 9 cents per share, from $27.3 ...
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Headwaters swings to fiscal 2nd-quarter loss as tax credit expires, missing analyst estimates
Apr 30 2008
April 30, 2008 - 10:46 a.m. SOUTH JORDAN, Utah (AP) - Headwaters Inc. said Tuesday it swung to a fiscal second-quarter loss as the expiration of an alternative energy tax credit resulted in a double-digit revenue send down. The company also cut its fiscal year guidance and its shares tumbled $3.06, or 21.5 percent, to $11.10 in morning trading. For the quarter ended March 31, Headwaters posted a loss of $9.2 million, or 22 cents per ...
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