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Paragon Shipping 4Q profit misses forecast Drybulk shipper Paragon Shipping Inc. said Wednesday its fourth-quarter profit rose 29 percent as its larger fleet earned a higher per-day rate, but the results just missed Wall Street expectations. The company also slashed its dividend to a nickel from about 44 cents, sending shares tumbling in aftermarket trading. AOLFedEx announces second $1bn cost-cutting plan - Financial Times US FedEx on Thursday announced a second $1bn cost-cutting plan, saying the worsening global economy was forcing it to cut more jobs, reduce working hours and expand the pay-cutting scheme it introduced in January as the package delivery company unveiled quarterly profits far below analysts' expectations. NewsRackOracle profits, sales beat the Street Software giant Oracle reported fiscal third quarter profits and sales that beat Wall Street's expectations, but also confirmed concerns that the database company was struggling to sign new clients, even as revenue from existing customers holds strong. CNN5 Features of Excellent Online Trading Software One of them is that you need to be completely comfortable with the online trading software. There should be some sort of a preview option or quick view before you actually buy the software and the good, and better websites will offer you a glimpse of the interface and how the software is designed. Make full use of this and browse through how it looks and get a good idea on how it would feel. In the end of the day, you should know yourself what sort of a software user you are and measure that expectation with what you see in front of you. E-ZineBan on pulses export extended for one more year The poll-bound UPA government on Wednesday extended the ban on pulses export for another year while widening the PDS supply of imported pulses for the next six months till September. The Times Of IndiaScrapped import duty on soya oil to reduce premium over palm oil The government is doing away with Customs duty on soya oil to narrow its premium over imported palm oil, the world's cheapest cooking oil and India's favourite fat, in a highly price-conscious market. The Economic TimesOracle outperforms expectations, declares first dividend Amid a terrible economy, Oracle on Wednesday beat Wall Street expectations and declared its first dividend '” 5 cents per share per quarter. Mercury NewsOracle outperforms expectations Amid a terrible economy, Oracle on Wednesday beat Wall Street expectations as it reported third-quarter net income dropped just a bit. Mercury NewsChina raises India toy ban at WTO China complained at the World Trade Organisation (WTO) on Wednesday at India's ban on toy imports from China. The Economic TimesUnemployment in Britain surges past 2 million Unemployment has topped 2 million on the widest measure of joblessness, while the claimant count has suffered its biggest jump on record.The Office for National Statistics today confirmed unemployment rose to almost 2.03 million in the three months to January - the highest level in 12 years and a rise of 165,000 from the previous quarter.That was broadly in line with expectations but the claimant count - which only includes those drawing jobseeker's allowance - surged by 138,400 last month, easily exceeding the record rise of 118,000 set during the depths of the early 1990s recession.The January figure was revised to show a rise of 93,500, against the 73,800 reported a month ago. That means the claimant count has surged by around 600,000 in the past year. Records for the claimant count were first kept in 1971.David Blanchflower, economics professor and a member of the Bank of England's monetary policy committee at the Bank of England, called today's figures 'truly terrible', and warned Guardian1 2 |
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