Matt Moore April 30, 2008 - 06:11 a.m. BERLIN (AP) - German conglomerate Siemens AG said Wednesday that its second-quarter net profit slid 67 percent, weighed down by weaker performance in its major business projects, including a large number of turnkey projects that had accumulated since 2004. The Munich-based company earned 412 million euros ($641.5 million) in the January-March period, compared with 1.26 billion euros a year earlier. That was better than the 351 million euros ...
Oil prices steady above US$115 after steep slide in the previous session
Apr 30 2008
Gillian Wong, The Associated Press April 30, 2008 - 3:53 a.m. SINGAPORE - Oil prices steadied Wednesday after tumbling more than US$3 a barrel in the previous session on a strengthening U.S. dollar and data showing a dramatic drop in American fuel demand. Trading was cautious in Asia as market participants awaited the U.S. Federal Reserve's decision on interest rates later Wednesday. Analysts confident a quarter percentage point rate cut is already factored into the oil market. A decision ...
Posted by admin under Uncategorized
CHC shareholders vote overwhelmingly to accept takeover offer
Apr 30 2008
The Canadian Press April 30, 2008 - 0:41 a.m. VANCOUVER - Shareholders of CHC Helicopter Corp. (TSX:FLY.A) have voted overwhelmingly to accept a $3.7-billion takeover by First Reserve Capital Corp. First Reserve agreed in February to pay $32.68 for each of CHC's class A and class B shares. The company will also assume assume about $800 million in debt and includes the assumed liability associated with off-balance sheet aircraft leases, which the company said is to subsist about $1.4 billion or ...
Posted by admin under Uncategorized
Korean Air suffers $324 million 1st-quarter net loss on fuel costs, foreign exchange rates
Apr 30 2008
April 29, 2008 - 11:37 p.m. SEOUL, South Korea (AP) - Korean Air Lines Co. said Wednesday it recorded a first-quarter net loss on higher fuel costs and unfavorable foreign exchange rates. Korean Air, South Korea's biggest passenger carrier, lost 325.5 billion won ($324 million) in the three months ended March 31, the company said in a statement. It posted net profit of 130.8 billion won a year earlier. Sales during the quarter rose 11.5 percent ...
Posted by admin under Uncategorized
Improved margins help Taiwan Semiconductor Manufacturing post better-than-expected 1Q profit
Apr 30 2008
April 29, 2008 - 11:35 p.m. TAIPEI, Taiwan (AP) - Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker by revenue, reported better-than-expected first-quarter net profit as its margins improved. TSMC also expects steady second-quarter margins and revenue, as a stronger New Taiwan dollar is expected to partially offset a pickup in exaction during a typically slow season, Chief Executive Rick Tsai said Tuesday. TSMC's net gain in the three months ended March 31 rose ...
Posted by admin under Uncategorized