The Canadian Press April 30, 2008 - 8:46 a.m. OTTAWA - Wholesale trade and manufacturing accounted for most of the decline since economic activity fell 0.2 per cent in February, a a great deal of lower go at an ambling gait than in the first half of 2007. Statistics Canada recorded other notable declines in retail trade, oil-and-gas extraction and exploration, as well as in the transportation and financial sectors. Advances in the tourism and government-related industries and in ...
Energy provider Southern Company reports first-quarter earnings rise of nearly 6 percent
Apr 30 2008
Harry R. Weber April 30, 2008 - 08:45 a.m. ATLANTA (AP) - Energy provider Southern Co., citing residential and business growth in the Southeast, said Wednesday higher sales drove first-quarter profit up nearly 6 percent to beat Wall Street expectations. The Atlanta-based visitors said it earned $359 million, or 47 cents a share, in the January to March quarter, compared with profit of $339 million, or 45 cents a share, in the same period a year ...
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Wachovia taking charge of up to $1 billion in 2nd quarter tied to past leasing transactions
Apr 30 2008
April 30, 2008 - 08:45 a.m. CHARLOTTE, N.C. (AP) - Wachovia says it will take a charge of between $800 million and $1 billion in the second quarter tied to past leasing transactions. The Charlotte, N.C.-based bank said it is taking the after-tax noncash charge based on an accounting ruling made Tuesday. The ruling provides guidance on accounting standards for recording the timing of cash flows on leveraged leases. Wachovia Corp. says it completed the transactions ...
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Kraft Foods first-quarter earnings dip 13 percent, sales climb
Apr 30 2008
Dave Carpenter April 30, 2008 - 08:43 a.m. CHICAGO (AP) - Kraft Foods Inc., the nation's largest food and beverage maker, said Wednesday its first-quarter earnings dropped 13 percent amid higher costs for the ingredients that go into its products. The profit decline also occurred because a year earlier, first-quarter earnings were boosted by a one-time benefit related to Kraft's spinoff from the Altria Group Inc. The maker of Oscar Mayer hot dogs, Maxwell ...
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Cummins 1st-qtr profit jumps 33 percent as global growth helps offset US weakness
Apr 30 2008
April 30, 2008 - 08:41 a.m. COLUMBUS, Ind. (AP) - Cummins Inc. said Wednesday that first-quarter earnings jumped 33 percent as the diesel engine maker's international growth helped offset increased commodity prices and weakness in some U.S. markets. For the period ended March 31, earnings rose to $190 million, or 97 cents per share, from $143 million, or 71 cents per share, in the prior year. Quarterly sales grew 23 percent to $3.47 billion, from $2.82 ...
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