Joe Bel Bruno April 30, 2008 - 09:02 a.m. NEW YORK (AP) - Wall Street tilted to a modestly higher open Wednesday as the market awaited the Federal Reserve's decision on interest rates. The central bank is largely expected to again lower its benchmark fed funds rate, this time by a quarter point to 2 percent. However, many economists believe policymakers determine signal their intention to put rates on hold in a bid to ...
Dow Corning’s 1st-quarter earnings fall 13 percent on higher raw material and energy costs
Apr 30 2008
April 30, 2008 - 08:49 a.m. MIDLAND, Mich. (AP) - Dow Corning Corp., which makes silicon-based products, said Wednesday its first-quarter profit fell 13 percent on increased raw material and energy costs. For the three months ended March 31, the company reported income of $160.4 million, compared with $183.6 million in the prior-year quarter. Sales rose 8 percent to $1.28 billion from $1.18 billion in the first quarter of 2007. Dow Corning is equally ...
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American economy grows by only 0.6 per cent in first quarter
Apr 30 2008
The Associated Press April 30, 2008 - 8:48 a.m. WASHINGTON - The bruised U.S. economy limped end the first quarter of this year at a six-tenths of a percentage point growth rate. Housing and reliance problems have forced people and businesses alike to hunker down. The country's economic growth during January through March was the same as in the final three months of last year, the U.S. Commerce Department reported Wednesday. The economic snapshot was not the kind of ...
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TRW swings to 1st-quarter profit from currency benefits as international markets grow
Apr 30 2008
April 30, 2008 - 08:47 a.m. LIVONIA, Mich. (AP) - TRW Automotive Holdings Corp. swung to a first-quarter profit as taxes and interest costs fell and sales volumes rose, the automotive supplier said Wednesday. The Livonia, Mich., company reported a profit of $94 million, or 92 cents per share, after posting a loss of $86 million, or 87 cents per share, in the year-ago period. The 2007 quarter included a charge of $147 million. Analysts expected ...
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Interpublic Group of Cos. first-quarter loss narrows on strong international sales growth
Apr 30 2008
April 30, 2008 - 08:46 a.m. NEW YORK (AP) - Advertising and marketing services provider Interpublic Group of Cos. Inc. said Wednesday its first-quarter loss narrowed on strong international sales growth. For the three months ended March 31, the company reported a loss, after paying preferred dividends, of $69.7 million, or 15 cents per share, compared with a loss of $132.8 million, or 29 cents per share, in the year-ago period. Analysts polled by Thomson Financial, ...
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