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McGraw-hill lowers guidance for revenue and earnings McGraw-Hill has lowered its guidance for full-year revenues and earnings, citing weakening advertising revenues in titles such as Business Week and slower than expected benefits from stimulus spending on the US school market for its educational materials FTWestern Digital Q4 Profit Declines On Lower Revenues Hard drive maker Western Digital Corp. reported a profit for the fourth quarter that declined from last year, hurt by lower revenues, despite profit from favorable settlements of restructuring accruals and gain on the sale of assets from the its media substrate manufacturing facility. RTT NewsNorfolk Southern Q2 Profit Declines, Yet Tops Estimate - Update Railroad operator Norfolk Southern Corp. (NSC), Tuesday reported a plunge in second-quarter profit, reflecting declining traffic volumes and low fuel-related revenues in the midst of recession in the U.S. Earnings, though declined from last year, came in ahead of analysts' consensus by two cents, while revenues fell short of expectations. RTT NewsAlert-15:39 (Est) ACM Precious Metals Analysis: Gold Breaks Support Level as Dollar Surges amid Fragile Sentiment Gold tumbled as resurgence in dollar strength weighed on the precious metal, causing it to drop below key support level as the dollar advanced against majors amid tentative market sentiment. The dollar weakened in early trading as improved optimism heightened risk aversion in the market, buoyed by the Dollar Index touching its lowest level of 78.3 this year. Price action in gold received muted... Alerts FeedU.S., China eye next moves after stimulus Once the cameras stopped rolling at the opening session of the U.S.-China Strategic and Economic Dialogue, top officials got down to brass tacks in what one called 'very constructive, very candid' discussions. CNNHawaii noncitizens get new insurance plan The Hawaii Department of Human Services will launch a new health insurance program for low-income noncitizens Sept. 1. Biz JournalHawaii sees fewer visitors, lower spending Visitor arrivals to Hawaii fell 5.2 percent in June compared to a year ago while the amount of money they spent dropped 16.1 percent. Biz JournalSterlite profit plunges 42% on lower zinc prices Sterlite Industries (India) Ltd, a subsidiary of Anil Agarwal promoted Vedanta Resources plc, on Wednesday reported dip in net profit by 41.56%, largely on account of lower zinc prices, to Rs 672.66 crore for the quarter ended June 30, 2009 against Rs 1,151.08 crore in the corresponding period last year. The Financial ExpressLow-Cost Airlines Fly High The gravitation to the low-cost model has never been this apparent. Full-service carriers are deploying capacity and launching flights in the low-cost segment in right earnest. Take Jet Airways, for instance. The Financial ExpressMost US stocks fall on low consumer confidence Most US stocks edged lower Tuesday after a private group reported an unexpected setback in a benchmark consumer confidence survey. bignewsnetwork.com1 2 3 4 5 |
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