April 30, 2008 - 09:17 a.m. NEW YORK (AP) - Shares of Citigroup Inc. and General Motors Corp. stood out Wednesday in a premarket session that lacked a clear direction. Citigroup fell 83 cents, or 3.2 percent, to $25.49, after the bank said it would raise an additional $4.5 billion in cash to help shore up its capital position. Some analysts aforesaid the bank needed to raise upward of $10 billion to $15 billion. Despite posting ...
Coca-Cola Bottling swings to 1st-qtr loss on increased costs, consumer spending weakness
Apr 30 2008
April 30, 2008 - 09:17 a.m. CHARLOTTE, N.C. (AP) - Coca-Cola Bottling Co. Consolidated said late Tuesday it swung to a loss in the leading quarter as the soda bottler contended with the rising require to be paid of raw materials and fuel as well as a slowdown in consumer spending. Coca-Cola Bottling reported a loss of $4.3 million, or 47 cents per share, compared with profit of $4.7 million, or 51 cents per share, in ...
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Time Warner to spin off the rest of its cable unit after months of pressure from investors
Apr 30 2008
Seth Sutel April 30, 2008 - 09:14 a.m. NEW YORK (AP) - Time Warner Inc. said Wednesday it will spin off the rest of its cable TV business, a widely anticipated move after months of pressure from investors. The news came as the company, which also owns Warner Bros., CNN, AOL and Time magazine, reported a 36 percent decline in first-quarter earnings from a year ago, when it had a gain from the sale ...
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Brink’s 1st-qtr earnings jump 75 percent on Latin American operations and home security unit
Apr 30 2008
April 30, 2008 - 09:06 a.m. RICHMOND, Va. (AP) - Security services provider Brink's Co. said Wednesday that first-quarter earnings jumped 75 percent, driven by the company's home security unit and its secure transportation unit in Latin American. For the period ended March 31, earnings grew to $50.1 million or $1.07 per share, from $28.7 million, or 61 cents per share, in the prior year. Excluding discontinued operations, earnings totaled $48 million, or $1.02 per share, ...
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Fuel, metals factors as manufacturing, raw material prices rise in March
Apr 30 2008
The Canadian Press April 30, 2008 - 9:05 a.m. OTTAWA - Petroleum and metals caused a surge in manufactured goods and raw materials prices in March. Prices charged by manufacturers, as measured by the Industrial Product Price Index, jumped 1.7 per cent from February, the strongest increase since its low period in October 2007. Statistics Canada says the increase was driven primarily by means of an eight per cent jump in petroleum and coal products prices, as well as by a ...
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