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CA-BUSINESS Summary
Published July 10, 2009, 4:54 am, The Globe and Mail
OTTAWA (Reuters) - Fewer Canadians lost their jobs in June than expected as hiring in services industries partially offset factory layoffs, but the unemployment rate rose to a new 11-year high as more people looked for work.
EARNINGS PREVIEW: Philips To Post 2Q Loss, Increase Savings
Published July 10, 2009, 4:54 am, Nasdaq
AMSTERDAM -(Dow Jones)- Royal Philips Electronics NV (PHG) is expected to post its third consecutive quarterly loss when it releases second quarter earnings Monday, and to increase cost cutting measures as falling sales and weaker prices continue to squeeze margins.
India's Infosys says quarterly profit up 1.6 pct
Published July 10, 2009, 4:53 am, Seattle Times
Indian outsourcing bellwether Infosys Technologies Ltd. reported a slight rise in quarterly profit in dollar terms but warned of a steep drop in revenue as its global clients struggle to cope with the economic slowdown.
UPDATE 1-FBR: US banks to report solid Q2, but cautious on H2
Published July 10, 2009, 4:48 am, Reuters España
July 10 (Reuters) - U.S. banks should report a solid second quarter as revenue from capital market operations, mortgage banking and improving net interest margin trends offset near-term concerns on rising credit costs, analysts at FBR Capital Markets said.
Continued growth for COGECO in the third quarter of 2009
Published July 10, 2009, 4:45 am, Marketwire
MONTREAL, QUEBEC--(Marketwire - July 10, 2009) - Today, COGECO Inc. (TSX:CGO) ("COGECO" or the "Company") announced its financial results for the third quarter and first nine months of fiscal 2009, ended May 31, 2009. For the third quarter and first nine months of fiscal 2009: - Consolidated revenue increased by 11.4% to $316.3 million, and by 14.8% to $936.5 million, respectively; - ...
Continued Growth for Cogeco Cable in the Third Quarter of 2009
Published July 10, 2009, 4:45 am, Marketwire
MONTREAL, QUEBEC--(Marketwire - July 10, 2009) - Today, Cogeco Cable Inc. (TSX:CCA) ("Cogeco Cable" or the "Corporation") announced its financial results for the third quarter and first nine months of fiscal 2009, ended May 31, 2009. For the third quarter and first nine months of fiscal 2009: - Consolidated revenue increased by 11.2% to reach $305.7 million, and by 14.9% to reach $910 million, ...
Supermax 2Q earnings surge 90% to RM25.78m
Published July 10, 2009, 4:43 am, The Edge Daily
KUALA LUMPUR: Supermax Corp Bhd posted net profit of RM25.78 million for the second quarter ended June 30, 2009. This was a 90% increase from the RM13.52 million a year ago “as a result of management focus on extracting greater efficiency from its wholly owned manufacturing facilities and higher contribution from its overseas distribution centres”.
Gas prices fall dramatically across Texas
Published July 10, 2009, 4:39 am, WOAI San Antonio
The retail cost of gasoline across Texas has fallen to $2.41 a gallon.
Asian markets mixed as economy fears linger
Published July 10, 2009, 4:35 am, Zawya
HONG KONG, Jul 10, 2009 (AFP) - Dealers remained cautious Friday, with Asian markets finishing the week mixed and looking for clues to an economic recovery ahead of the second-quarter earnings season.
European Stocks Decline, Head for Fourth Straight Weekly Drop
Published July 10, 2009, 4:33 am, Bloomberg
July 10 (Bloomberg) -- European stocks retreated as the Dow Jones Stoxx 600 Index headed for a fourth straight weekly drop. U.S. index futures slid. DnB NOR ASA slid 3.7 percent after Norway’s largest bank reported reduced profit on increased loan writedowns.
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