Malcolm Morrison, The Canadian Press April 30, 2008 - 10:13 a.m. TORONTO - The Toronto stock market made strong early gains Wednesday morning in spite of news that the Canadian economy declined by 0.2 per cent in February after sliding commodity prices sent the TSX tumbling 260 points Tuesday. New York markets were positive after data showed the U.S. economy still registering some growth during the first furnish while General Motors Corp. handed in a smaller than expected quarterly ...
Oil prices rise as investors jockey for position ahead of inventory report, Fed decision
Apr 30 2008
John Wilen April 30, 2008 - 10:12 a.m. NEW YORK (AP) - Oil futures rebounded Wednesday as investors adjusted their holdings ahead of the government's weekly inventory report and the Federal Reserve's decision on interest rates. Retail gas prices, meanwhile, extended their foray into record territory, rising another cent overnight to an average of nearly $3.62 a gallon nationally. The Energy Department's Energy Information Administration was expected to report a drop in gasoline inventories and one ...
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Large telecom carriers climb; Embarq jumps after solid 1st-quarter results
Apr 30 2008
April 30, 2008 - 10:11 a.m. NEW YORK (AP) - Shares of telecom carriers inched higher Wednesday morning following solid first-quarter results from Embarq Corp., whose stock jumped nearly 7 percent. Wall Street too advanced ahead of a Federal Reserve decision on interest rates. Here is a look at how some key telecom stocks performed Wednesday morning: AT&T Inc., rose 13 cents to $38.72. Sprint Nextel Corp. rose 11 cents to $8.19. Verizon Communications ...
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Procter & Gamble 3rd-quarter profit rises on cost cutting, price increases
Apr 30 2008
Dan Sewell April 30, 2008 - 10:09 a.m. CINCINNATI (AP) - Consumer products maker Procter & Gamble Co. said Wednesday price increases and cost controls helped offset higher commodity costs as its third quarter profit rose 8 percent. P&G also lifted its full-year outlook, and its shares rose almost 3 percent in morning tradiung. The maker of Pampers diapers and Gillette razors reported profit of $2.71 billion, or 82 cents per share, for the January-March period ...
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Dorel posts Q1 profit of US$35.1M, up 26 per cent from US$27.9M last year
Apr 30 2008
The Canadian Press April 30, 2008 - 9:27 a.m. MONTREAL - Furniture and consumer goods maker Dorel Industries Inc. (TSX:DII) posted a first-quarter profit of US$35.1 million, up 26 per cent from US$27.9 million a year ago as sales rose to US$556. Total revenue for the circle of time increased 22 per cent and compared with US$455.7 million last year. The 2008 sales included two months of revenue from Dorel's acquisition of the Cannondale Bicycle Corporation and Sugoi Performance Apparel. Net ...
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