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United Utilities H1 pre-tax profit rises, net profit plunges; cuts dividend - Update Wednesday, United Utilities Group (UU.L, UUGRY.PK) reported a 21% rise in pre-tax profit for the first half of fiscal 209, driven by strong regulated revenues on price increases. However, profit after tax plunged from the previous year, hurt by a significant deferred tax charge. Further, the UK-based multi-utility service provider said its Board slashed interim dividend by 30%, and that it expects to continue to deliver a good underlying financial performance over the remainder of fiscal 2009. RTT NewsRPT-Porsche renews dollar hedges at weaker rates - CFO STUTTGART, Germany, Nov 26 (Reuters) - Porsche had no choice but to renew expiring currency hedges for itsdollar exposure at 'far weaker exchange rates', Chief FinancialOfficer Holger Haerter said on Wednesday. ReutersUPDATE 1-LandAmerica files for Chapter 11 bankruptcy protection Nov 26 (Reuters) - Title insurer LandAmerica Financial GroupInc said it has filed for bankruptcy protection and itsbigger rival Fidelity National Financial Inc will buytwo of its underwriting units. ReutersUAE to launch new mortgage company despite gloomy prospect of property market Global Financial Crisis ABU DHABI, Nov. 26 (Xinhua) -- Five large companies in Abu Dhabi, capital of the United Arab Emirates (UAE), will launch a joint-venture mortgage company despite a gloomy pr... Big News NetworkFed adds $800bn to boost borrowing The US Federal Reserve escalated its efforts to revive the financial system, pledging $800bn to bolster markets for loans to homebuyers, consumers, students and small businesses FT.comFlorida financial institutions losses growbizjournals Massive new programs aimed at loosening credit (AP) Rolling out powerful new weapons against the financial meltdown, the Bush administration and the Federal Reserve pledged $800 billion Tuesday to blast through blockades on credit cards, auto loans, mortgages and other borrowing. yahoo.comThe Death of Planet Finance - Niall Ferguson in Vanity Fair This year we have lived through something more than a financial crisis. We have witnessed the death of a planet. Call it Planet Finance. Two years ago, in 2006, the measured economic output of the entire world was worth around $48.6 trillion. The total market capitalization of the world’s stock markets was $50.6 trillion, 4 percent larger. The total value of domestic and international bonds...Visit MoneyScience for the Complete Article. Money ScienceBank, metals stocks rally but growth fears remain HONG KONG (Reuters) - A financial sector rally lifted Hong Kong and South Korea stock markets on Wednesday following an $800 billion Federal Reserve effort to bolster U.S. lending, while the aftermath of BHP Billiton's dropped bid for Rio Tinto gave a boost to metals shares. ReutersU.S. Moves to Revive Consumer Lending The government said yesterday that it will deploy up to $800 billion to make it cheaper for Americans to get a home mortgage, take out a car loan or borrow money through a credit card, as the government's intervention in the financial system expands to directly address the impact of the credit... The Washington Post1 2 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]
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