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Sterling Shoes Income Fund Announces 2008 Results VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 19, 2009) - Sterling Shoes Income Fund (the 'Fund') (TSX:SSI.UN) - HIGHLIGHTS:- Overall sales increased 17.8% to $42.5 million during fourth quarter 2008 and 10.1% to $130.8 million for the full year;- Same-store sales grew 5.8% during fourth quarter 2008 and 1.8% for the full year;- During 2008 we opened 19 stores, growing from 141 to 160 stores, an increase of 13.5%;- Net income was $6.5 million during fourth quarter 2008 compared to $5.2 million (after adjusting for non-controlling interest) during the same period in 2007. Market WireBosnia's key metal industries shrink in 2009 * Trend to continue if government does not intervene * Exports of basic metals drops 56.7 pct vs same 2008 period * Drastic slash in metal processing SARAJEVO, March 19 (Reuters) - Bosnia's key metal sector recorded a sharp fall in production and exports Mining.comAmex Reports Fourth-Quarter Losses In American Express' first reporting period as a Federal Reserve Board-regulated bank holding company, the largest corporate charge card supplier reflected the deepening economic slide during the fourth quarter of 2008 as charge card delinquencies increased, global corporate travel sales fell dramatically and the company incurred a $421 million pre-tax charge for reengineering costs, primarily from headcount reduction. BTNFedEx Q3 profit falls 75%; to further cut costs; guides Q4 below consensus - Update2 Thursday, package delivery giant FedEx Corp. reported a 75% fall in profit for the third quarter from the prior-year period, hurt by lower shipment volumes and a more competitive pricing environment due to the global recession. The company plans additional cost-cutting measures, including further reduction of jobs and network capacity. For the fourth quarter, the company forecast earnings per share below analysts' consensus estimate and down sharply from the prior-year period. RTT NewsGold is only asset that can generate negative returns over 10-year periods, says Merrill strategist INTERNATIONAL. Small-cap stocks have historically offered the best risk-reward potential to investors, while gold has offered the worst, a research note released this week shows. Business Intelligence Middle EastGold is only asset that can generate negative returns over 10-year periods, says Merrill INTERNATIONAL. Small-cap stocks have historically offered the best risk-reward potential to investors, while gold has offered the worst, a research note released this week shows. Business Intelligence Middle EastNorth West Company Fund Announces Fourth Quarter Earnings and a Distribution WINNIPEG, MANITOBA--(Marketwire - March 19, 2009) - North West Company Fund (the 'Fund') (TSX:NWF.UN) today reported 2008 fourth quarter earnings of $19.6 million for the period ended January 31, 2009. The Fund also announces a quarterly distribution of $0.32 per unit to unitholders of record on March 31, 2009, distributable by April 15, 2009.Report to UnitholdersThe North West Company Fund reports fourth quarter earnings to January 31, 2009 of $19.6 million, an increase of 4.2% over last year's fourth quarter earnings of $18.9 million. Diluted earnings per unit improved to $0.40 compared to $0.39 last year. Market WireGerman banking: Finance on four wheels Germany’s savers have found a racy place to stash their cashIN THE land of the autobahn, love for cars and the firms that build them knows no bounds. What’s more, the relationship appears to be for worse as well as for better. For even as car sales slump, German savers are pulling money from their safe, but staid, savings banks and entrusting it to their racy—if ropy—carmakers.BMW Bank’s deposits have jumped by almost 70% over the past five months. Those at Mercedes-Benz Bank have doubled over the same period and Volkswagen’s financial-services arm ended the year with deposits up by about a third. Banking with car companies is nothing new in Germany. Some big carmakers have been holding money for their customers for over a decade, using the cash to finance car loans and leases. But the recent surge in deposits is a peculiar consequence of the credit crunch in Germany. ... EconomistEarnings Preview: Tiffany`s 4Q Jeweler Tiffany & Co. reports earnings for the fourth quarter on Monday before the market opens. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: Like many other luxury companies, Tiffany has seen sales slide... SF GateUnion Dental Anticipates 2008 Revenues to Increase CORAL SPRINGS, FL--(Marketwire - March 19, 2009) - Union Dental Holdings, Inc. (PINKSHEETS: UDHI) -- http://www.uniondental.com/ir -- a Company that operates andmanages a network of dentists throughout the United States for unionmembers, announced today it anticipates revenues for the year ending12/31/2008 of approximately $2,500,000 million or a five percent increaseover the same time period in 2007. Market Wire1 2 |
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