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NTT DoCoMo's annual profit falls 3.9 percent

April 28, 2009 12:38 am | by The Associated Press | News | Comments

TOKYO (AP) — NTT DoCoMo Inc., Japan's top mobile phone carrier, said Tuesday its annual net profit slipped 3.9 percent to 471.9 billion yen ($4.9 billion) as the recession hit sales of handsets.The company sold 20 million handsets during the fiscal year ended March 31, down 21.8 percent...

Daimler reports 1Q loss of nearly euro1.3 billion

April 28, 2009 12:38 am | by The Associated Press | News | Comments

FRANKFURT (AP) — German auto maker Daimler AG reported a big first quarter loss on Tuesday and doubled its cost-saving target for 2009 as the global economic crisis weighed heavily on demand for its cars and trucks.The net loss of euro1.29 billion ($1.7 billion) in the January-March period compared...

Finland's March unemployment at 8.3 percent

April 28, 2009 12:18 am | by The Associated Press | News | Comments

HELSINKI (AP) — Finland's unemployment rate continued its rise last month, to 8.3 percent, and the government on Tuesday warned of tougher times ahead.Statistics Finland said the rate was up from 6.8 percent in March 2008 and 7.6 percent in February this year. The employment ministry warned it...


Dutch telecom KPN reports dip in 1Q earnings

April 27, 2009 11:57 pm | by The Associated Press | News | Comments

AMSTERDAM (AP) — Royal KPN NV, the Dutch telecommunications company, said Tuesday first quarter net profit fell 5.3 percent because of a fall in demand at its IT services arm, which helps companies build and maintain their computer networks.Net profit was euro317 million ($413 million), down from...

Irish airline Aer Lingus issues profit warning

April 27, 2009 11:32 pm | by SHAWN POGATCHNIK - Associated Press Writer - Associated Press | News | Comments

DUBLIN (AP) — Irish airline Aer Lingus issued a profit warning Tuesday, telling shareholders that its losses this year will be worse than previously forecast and setting the stage for a likely new round of job cuts.In a statement to the Irish Stock Exchange, Aer Lingus said it was shaking up its...

BP 1Q profit is $2.56 billion, reversing 4Q loss

April 27, 2009 11:26 pm | by The Associated Press | News | Comments

LONDON (AP) — BP PLC, the second-largest European oil company, said Tuesday that it returned to profit in the first quarter, beating analysts' forecasts by earning $2.56 billion as oil prices recovered modestly and the company's refining and marketing business bounced back.The first quarter net...

Finnair posts Q1 loss of euro19 million

April 27, 2009 10:41 pm | by The Associated Press | News | Comments

HELSINKI, (AP) — Finnair PLC on Tuesday posted a first-quarter net loss of euro18.6 million ($24.4 million) and warned that slumping demand will mean it will likely post a full-year deficit too.Last year, the national carrier made a euro3 million net profit from January to March.Like other airlines...

Deutsche Bank returns to profit in 1Q

April 27, 2009 10:15 pm | by The Associated Press | News | Comments

FRANKFURT (AP) — Deutsche Bank AG, Germany's biggest bank, said Tuesday that it returned to a profit in the first quarter on a solid improvement in revenue after suffering big losses last year.The Frankfurt-based bank said net profit for the January-March period came in at euro1.2 billion ($1.56...


Swine flu fears keep world markets under pressure

April 27, 2009 9:35 pm | by JEREMIAH MARQUEZ - AP Business Writer - Associated Press | News | Comments

LONDON (AP) — World stock markets fell Tuesday but relatively strong U.S. consumer confidence and housing data helped limit swine flu-related losses.The FTSE 100 of leading British shares closed down 70.61 points, or 1.7 percent, at 4,096.40 while Germany's DAX fell 86.65 points, or 1.9 percent, to...

US farmers, ranchers push for greater Cuba access

April 27, 2009 9:30 pm | by BECKY BOHRER - Associated Press Writer - Associated Press | News | Comments

NEW ORLEANS (AP) — The farm lobby is using President Barack Obama's easing of some travel restrictions to Cuba as an opportunity to push for increased sales of rice, meat, vegetables and other goods to the island nation.Congress cleared the way for Cuba to buy U.S. agricultural commodities in 2000....

Madoff's trading business nets $25M at NYC auction

April 27, 2009 9:30 pm | by The Associated Press | News | Comments

NEW YORK (AP) — A trustee overseeing the liquidation of Wall Street swindler Bernard Madoff's (MAY'-dawfs) assets has announced a winning bid of potentially more than $25 million for the securities-trading operation he ran.Irving Picard says Boston-based Castor Pollux Securities LLC will pay $1...

WSJ: Regulators urge BofA, Citi to boost capital

April 27, 2009 9:10 pm | by The Associated Press | News | Comments

NEW YORK (AP) — Bank of America Corp. and Citigroup Inc., which have each received $45 billion in government bailout funds, have been told by regulators that "stress test" results show they may need to raise additional capital, The Wall Street Journal said Tuesday.Charlotte, N.C.-based Bank of...

Pandemic fears push energy prices down again

April 27, 2009 8:49 pm | by ALEX KENNEDY - Associated Press Writer - Associated Press | News | Comments

COLUMBUS, Ohio (AP) — Oil prices fell for a second straight day Tuesday on fears that the outbreak of swine flu would delay an economic recovery and further dampen energy demand.Benchmark crude for June delivery slipped 22 cents to settle at $49.92 a barrel on the New York Mercantile Exchange. The...

Study: Gender pay gap shrinks among gov't workers

April 27, 2009 8:24 pm | by SAM HANANEL - Associated Press Writer - Associated Press | News | Comments

WASHINGTON (AP) — Women working in the federal government still earn less than their male counterparts, but the pay gap is shrinking.The difference between average annual salary for men and women in the federal work force declined from 19 cents to 11 cents on the dollar between 1998 and 2007,...

National Australia Bank profit drops 0.9 percent

April 27, 2009 8:09 pm | by The Associated Press | News | Comments

SYDNEY (AP) — National Australia Bank Ltd., the country's largest by assets, said Tuesday its first-half net profit fell 0.9 percent to 2.7 billion Australian dollars ($1.9 billion) as bad debts more than doubled amid an economic slump.Bad and doubtful debts in the six months ended March 31 rose to...


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