Matthews- The U.S. retail chain Family Dollar Stores Inc. (ISIN US3070001090 / WKN 859612) posted fourth quarter earnings increase.
As noted in a press release published on Wednesday, improved revenues at 1.81 billion U.S. dollars, representing an increase of 2.6 percent over the same period from 1.77 billion U.S. dollars. The comparable store sales improved by 1.0 percent. In net income to increase to 60.1 million was Designated dollars, or 43 cents per share, from a net profit of 53.2 million U.S. dollars and 38 cents in the NAV per share Period last year. CEO Howard R. Levine was in the context of the difficult overall environment very happy with the result and pointed out in connection with the increase in earnings in the prior-year margin improvements achieved and the increase in individual revenue per customer. Analysts had previously expected an EPS of 41 cents and revenue of 1.81 billion U.S. dollars. Read more…
Munich – The economic crisis makes for shrinking profits in the medium. Some 42 percent of companies expect 2009 with a yield loss, as the credit agency Creditreform announced on Wednesday in Munich.
Nevertheless, the business situation improved since the spring, the revenue forecast to increase slightly. Compared to the fall of 2008, however, the sentiment indicator fell by almost half, then the representative survey took place just before the outbreak of the financial crisis. Currently, the value is in the field of multi-year average. Read more…
FRANKFURT – A year after the bankruptcy of U.S. investment bank Lehman Brothers to raise the German banks, according to a press release entitled to 50 billion U.S. dollars from the bankruptcy estate. The sum is clear from statements of the servicer, as the “Handelsblatt” reported on Wednesday. The demands for the equivalent of 34 billion euros represent not only the German banks, but also the Association of German Banks (BdB) and the Bundesbank. This amount is proud but not flow well, but only a fraction of them. Read more…
Brussels – In tough Browser dispute between the European Union and Microsoft are signs of a solution. The European Commission signaled support for the latest deals on the world’s largest software company in the concentration of PC operating system with the Internet Explorer browser.
“We are moving towards a satisfactory solution”, said Competition Commissioner Neelie Kroes. They hope to settle the dispute by the end of the year. Read more…
ockford – The American shoe company Wolverine World Wide Inc. (ISIN US9780971035 / WKN 855987) announced on Wednesday that its profit fell in the third quarter due to declining revenues. On an adjusted basis, the expectations were surpassed. However, the annual planning was again increased.
The net profit amounted to 26.8 million U.S. dollars, or 54 cents per share, compared to 31.2 million U.S. dollars, or 62 cents per share last year. Adjusted for restructuring charges during the reporting period with a profit of 62 cents per share. Turnover declined by 10.1 percent to 286.8 million U.S. dollars. Read more…
Munich – The technology group Siemens AG (ISIN DE0007236101 / WKN 723610) announced on Wednesday that the European Commission in its decision today on the so-called transformer from an antitrust fine against Siemens AG (Xetra: 723610 – news) has apart.
There were indications that the company had significantly contributed to the discovery of this cartel, and could thereby obtain the Kronzeugenstatus.
Between 1999 to 2003 it was based on findings from the European Commission
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Munich – The commercial vehicle and engineering group MAN SE (ISIN DE0005937007 / WKN 593700) has by the competent authorities the green light for a stake in the Hong Kong-based commercial vehicle manufacturer Sinotruk Ltd Hong Kong. (ISIN HK3808041546 / WKN A0M734) receive.
As noted in a press release published on Wednesday, listed on the DAX 30 commercial vehicle manufacturer, the Chinese authorities have approved the transaction and thus paved the way for the strategic partnership between both companies. During the middle of July this year, agreed adding that the transaction MAN Read more…
MUNICH – The world’s largest software company Microsoft is following a profit slump in the past fiscal year, all his hopes on its new operating system Windows 7 Interest in Windows 7 is out of the economy very big, “said CEO Steve Ballmer on Wednesday in Munich. “Windows 7 is ready for enterprise use.” Since the summer of Windows can be used 7 of companies on 22 October occur worldwide as the successor to Vista in the market.
SALES POTENTIAL OF 320 BILLION DOLLARS FOR WINDOWS-7-PRODUCTS
Microsoft (NASDAQ: MSFT – News) MESSAGE Read more…
Tokyo – Based on strong U.S. targets and rising commodity prices have the majority of Asian stock markets closed on Thursday in positive territory. Among other things, won the Hang Seng (news) 2.1 percent, the SET index by 1.4 percent and 1 percent of the TAIEX. In Tokyo, the Nikkei rose (news) index rose 1.11 percent to 9799.60 points. The TOPIX-covering took 1,61 percent to 885.69 points. The index of leading indicators has attracted Japanese in August. Thus, the index climbed to 83.3 points.
This is already in the sixth increase in a row. For July, the index was revised from 83.0 to 82.5 points after being down. The DAXglobal Asia, which includes the 40 largest stocks of emerging Asia, sets currently at 0.58 percent at 267.12 points. Read more…
FRANKFURT / BERLIN – The redevelopment plan for the carmaker Opel, according to a study commissioned by the federal government “is not particularly robust.” According to information provided by the Deutsche Presse-Agentur dpa, the consulting firm PWC (PriceWaterhouseCoopers) came to the conclusion that the sales planning of the nominee Opel’s parent Magna an “extraordinary risk” mountains for plan failures. Government circles in Berlin on Wednesday confirmed a report by the “Handelsblatt” (Wednesday) that encompasses the concept of too little scope for deviating downward. Despite serious reservations, Opel is the view of the consultants, but “in principle rehabilitation potential. “The plan is the realignment of the auto maker viable, judged PWC. Read more…