Archive for April, 2009
Exxon Mobil profit down at $4.5 billion in the first quarter
Exxon Mobil reported a big drop in first-quarter profits and revenue, company said it earned $4.5 billion in the first quarter, down 58% from $10.89 billion a year earlier. On a per-share basis, Exxon said it earned 92 cents, off 54% from $2.03 in the first quarter of 2008.
Revenue in the quarter was down 45% to $64 billion
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Categories: US Markets, World Economy
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Honda has reported a 77% fall in annual profits
For FY09 year Japan’s second-largest carmaker Honda made a net profit of 137bn yen ($1.4bn), down from 600bn yen a year earlier. Sales at the firm fell 17% to 10 trillion yen, its first decline in nine years. Honda said it now expects sales to continue to decline into 2010.
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Categories: US Markets, World Economy
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International Travel House Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 05, 2009, inter alia, to take on record, the Audited Financial Results of the Company for the year ended March 31, 2009. Further, the Board may consider declaration
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Categories: US Markets, World Economy
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UK car production down 50%
The number of new cars produced in the UK fell by more than a 50% in March 09 compared to a year earlier.
The 51.3% drop is a slight improvement on the record drop of 59% in February, the Society of Motor Manufacturers and Traders (SMMT) figures show. The SMMT said it would be “some months” before there was any significant increase in output.
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Categories: US Markets, World Economy
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United Parcel Service (UPS) has announced a 55% drop in profits for the first three months of this year compared with a year ago.
The world’s largest package delivery company, which is seen as a strong indicator for the US economy, saw net profits fall to $401m (£275.4m).
Revenue fell by 14% from $12.7bn to $10.9bn as people sent fewer packages during the economic downturn.
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Categories: US Markets, World Economy
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Reliance Infrastructure Ltd has announced regarding a Press Release dated April 23, 2009 titled “Net Profit of Rs 1,139 Crores (US$ 225 Million) for the year – An increase of 5%”.
Categories: Market News
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Swaraj Engines Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 05, 2009, inter alia, to consider and approve the Audited Financial Results of the Company for the financial year ended
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Categories: Market News
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J&J stock up – profit beats Street
J&J shares rose more than 2 percent in morning trade, it earned $3.51 billion, or $1.26 per share, in the first quarter. That compared with $3.6 billion, or $1.26 per share, in the year-earlier period. Analysts on average expected $1.22 per share, according to Reuters Estimates.
J&J reaffirmed its 2009 profit forecast of $4.45 to $4.55 per share. It’s global revenue fell 7.2 percent to $15 billion in the period, well below the
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Categories: US Markets, World Economy
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US retail sales data disappoint
Wall Street opened down today over the Commerce Department’s report that retail sales fell 1.1 percent in March, the biggest drop in three months. Analysts polled by Thomson Reuters had expected an increase of 0.3 percent. In one bright spot, February retail sales were revised to show modest growth rather than the slight dip originally reported.
The government also said businesses reduced inventories by 1.3 percent in February, close to the 1.2 percent fall that economists had been expecting.
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Reliance Communications Ltd has announced that in terms of the existing regulations of the Reserve Bank of India, the Company has repurchased 50, Zero Coupon FCCBs each of US $ 1,00,000 aggregating US $ 5 Million approx.
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Categories: Forex, Market News
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