Sysco 2Q net income slips on higher food costs
By admin | February 6, 2012
Sysco’s second-quarter net income fell 3 percent because of rising food costs, but adjusted results beat Wall Street expectations and company shares edged up in premarket trading.
Topics: Financial | No Comments »
Google, Facebook remove content on India’s order
By admin | February 6, 2012
Google India has removed web pages deemed offensive to Indian political and religious leaders to comply with a court case that has raised censorship fears in the world’s largest democracy, media reported Monday.
Topics: Tech News | No Comments »
Powell family tragedy: A timeline of events
By admin | February 6, 2012
Sunday’s Murder-Suicide Brings a Tragic end for the Powell Family
Topics: World News | No Comments »
Marine sergeant accused of hazing goes to trial
By admin | February 6, 2012
A second Marine is going to trial for allegedly hazing a fellow Marine who later fatally shot himself in Afghanistan.
Topics: World News | No Comments »
Euro, global shares fall as clock ticks on Greece
By admin | February 6, 2012
LONDON (Reuters) – Fears that Greece might not accept the painful terms of a proposed new bailout deal brought a rally in global shares and the euro to a halt on Monday, underming the positive effect of better global economic data. U.S. stock index futures indicated that worries over Greece would prompt some retracement on Wall Street after a surprisingly strong U.S. jobs report pushed shares higher at the end of last week. …
Topics: Financial | No Comments »
Serbia, Bosnia struggle under record cold snap
By admin | February 6, 2012
Overwhelmed by record snow and harsh temperatures, Serbia and Bosnia closed down schools and struggled to continue public transport and garbage pick-up Monday, as authorities focused on trying to help thousands trapped in the region’s remote mountain villages.
Topics: weather | No Comments »
Eyeing greener acres, new farmers reap growing U.S. aid
By admin | February 6, 2012
HALLSVILLE, Missouri (Reuters) – Dan Pugh wishes he had a bigger tractor and his wife Laura worries about their chickens in the winter weather. But as new farmers putting down roots in rural Missouri, the Pughs are counting on more rewards than regrets in trading their city lives for the country. A better quality of food and life are among the factors that caused Dan, 47, to leave a career in sales last year and move Laura, 48, and their two young children to 50-acres of rolling pastureland they call Honey Creek Farm. …
Topics: weather | No Comments »
Romney adds to delegate lead after Nevada victory
By admin | February 6, 2012
Mitt Romney has added to his lead in the race for delegates now that Republican officials in Nevada are done counting the votes from Saturday’s presidential caucuses.
Topics: Political | No Comments »
Romney adds to delegate lead after Nevada victory
By admin | February 6, 2012
Mitt Romney has added to his lead in the race for delegates now that Republican officials in Nevada are done counting the votes from Saturday’s presidential caucuses.
Topics: Political | No Comments »
Wall Street futures lower as Greek talks drag on
By admin | February 6, 2012
U.S. stock futures are falling as talks drag on between Greek political leaders over a fresh austerity package that is required if the debt-ridden country is to get a crucial bailout package.
Topics: Financial | No Comments »
Obama: Negative ads will have role in 2012 race
By admin | February 6, 2012
President Barack Obama says the rise of new political action committees guarantees that there will be a lot of negative ads before November’s presidential election.
Topics: Political | No Comments »
Kenyan 2011 flower earnings seen higher on FX gains
By admin | February 6, 2012
NAIROBI (Reuters) – Kenya’s flower earnings for 2011 are seen rising thanks to a favourable exchange rate for most of the year, despite earlier warnings they could fall below target due to the euro zone crisis, a senior industry official said on Monday. Flower exports account for nearly half of the country’s horticulture export earnings, which were Kenya’s second biggest source of foreign exchange at 78 billion shillings in 2010, after tea. East Africa’s biggest economy exported an estimated 109,950 tons of flowers in 2011, down 9.3 percent on a year earlier. Flowers earned the country 30. …
Topics: Financial | No Comments »
DNAinfo Weather Update 02062012
By admin | February 6, 2012
Topics: weather | No Comments »
Earnings Preview: Ads in view as Disney 1Q seen up
By admin | February 6, 2012
The Walt Disney Co. has historically traded at a higher valuation than its media peers, and analysts will be looking to see if that premium is still justified when the company reports earnings for the final quarter of 2011 on Tuesday after the market closes.
Topics: Financial | No Comments »
Stock index futures signal lower Wall Street open
By admin | February 6, 2012
NEW YORK (Reuters) – Stock index futures pointed to a lower open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.2 to 0.5 percent. The Conference Board releases its employment trend index for January at 10 a.m. ET. In the previous report, the index read 104.3. General Motors aims to raise its profit margin to 10 percent over the next few years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview. …
Topics: Financial | No Comments »
Romney latest pol to join wait-let-me-explain club
By admin | February 6, 2012
Mitt Romney’s remark that he’s not worried about the very poor is just the latest gaffe in a campaign rich with blunders.
Topics: Political | No Comments »
Obama: US in ‘lockstep’ with Israel on Iran nukes
By admin | February 6, 2012
President Barack Obama says the United States is working in “lockstep” with Israel to solve the brewing crisis over Iran’s disputed nuclear program.
Topics: Political | No Comments »
Nedbank sees FY earnings 28 pct higher
By admin | February 6, 2012
JOHANNESBURG, Feb 6 – Nedbank, South Africa’s fourth-largest lender, said its full-year earnings rose by as much as 28 percent, boosted by higher non-interest revenues and a better-performing retail unit. Nedbank, like other banks in Africa’s top economy, has been on a push to boost the money it makes from transactions, to offset weakness in loan demand. The bank, which is majority owned by insurer Old Mutual, said in a statement on Monday it expects to report a 23 to 28 percent increase in diluted headline earnings per share for the year to end-December. …
Topics: Financial | No Comments »
New energy secretary confirms green targets
By admin | February 6, 2012
LONDON (Reuters) – Newly-appointed Energy and Climate Change Secretary Edward Davey on Monday confirmed the country’s commitment to its green energy targets and its focus on growing the offshore wind power generation capacities. “There may have been a change at the helm, but there’ll be no change in direction or ambition,” he said at the Building Research Establishment’s Innovation Park near Watford . “My priorities are very simple: green jobs, green growth and getting the best deal for energy bill payers. …
Topics: weather | No Comments »
GM aims for 10 percent profit margin over next few years: report
By admin | February 5, 2012
(Reuters) – General Motors aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview. If GM could achieve its target of 10 percent margin, then it may generate up to $15 billion in profits and record net income in excess of $10 billion, based on the level of revenue GM had last year. That revenue is estimated at close to $150 billion, the newspaper said. GM confirmed the income calculations, the Journal said. …
Topics: Financial | No Comments »
