The U.S government on Friday reported that the economy continued to grow during the second quarter. The Commerce Department said the Gross domestic product, grew at 2.4% for the last three months that ended on June 30. But the concerning thing is the slow pace at which the growth is moving.
If this rate continues, economists [...]
Driven by strong sales Microsoft added to the recovery in the technology sector when reporting quarterly profit. The software giant edged Apple with a 22% rise in revenues to $16bn (£10.5bn) until the end of June.
During the quarter operating profits jumped 49% to $5.9bn. Microsoft’s shares rose up nearly 3% in after-hours trading. Unfortunately the [...]
British Airways the national carrier of the UK on Friday announced a pre-tax loss of 164 million pounds ($256.5 million) for the second quarter ending June 30.
Willie Walsh, the airline’s chief executive, marked reasons for the loss to be the strikes by BA cabin crews and closures from the Icelandic volcano.
Flights to and from the [...]
According to Greece, they will make use of Military trucks, fuel tankers as well as navy vessels to help to restore their gasoline supplies since the tourism trade of the country and its industry was sort of on strike.
The emergency plan for fuel assistance would definitely take into effect the soonest possible time. This is [...]
NEW YORK – Weakening U.S. economic growth and worried comments from Federal Reserve officials drove the dollar to an 8-month low Friday against the Japanese yen.
Due to the economic crisis that the US are experiencing, the officials of the Federal Reserve has made the dollar into an 8 months lower against yen.
In the New York [...]
Last Friday, the Justice of Department announced that the Northwest Airlines is set to plead guilty and is willing to pay $38 million fine fee for their scheme to fix cargo rates. The lawbreaking charge is filed Friday for Northwest Airline.
According to the Justice Department, Northwest Airlines earning from their air cargo services are about [...]
According the CNNMoney.com, the US government announced Friday that their economy is continuing to improve in the second quarter. Although the economists are expecting it to increase for the next few months, lately the increase has started slow down.
The commerce department said that the US domestic product gross rise at about 2.4% of the annual rate during the [...]
In New York City, the US Securities and Exchange Commission (SEC) filed charges against citigroup executive and its former financial officer for grounds of the bank’s exposure that was misrespresented. The misrepresentation was not with intentional misconduct.
With this case, the Citigroup Inc is said to pay abut $75million to settle the charges that SEC filed [...]
The Biggest US Life insurance company, MetLife Inc. (MET.N), announced the company’s profit from domestic and international sales of $1.353 billion for the second quarter of this year 2010 as compared to a loss of $1.43 billion in the same quarter of last year 2009.
According to Reuters Estimates, the investment gains as well as losses [...]
Exxon Mobil Corp. reports, better-than projected profit is seen so far in the 2nd -quarter reporting season.
A 2nd-quarter net revenue increase to 91 % to $7.56 billion has been surveyed, according to the Exxon’s statement. Per-share earnings were 15 cents higher than the average of 17 analysts.
Exxon and Royal Dutch Shell Plc, Europe’s largest energy [...]
Economic growth slogs
Microsoft shows rise in profit in Q2
Loss in Q3 for BA
Athens: asks for military fuel assistance
Dollar rates are sinking?
Northwest Airline: $38 million fine fee for conspiring cargo rates
US recovers recession
SEC charges against Citigroup, Citi to pay $75 million for settlement
MetLife Inc.’s profit posting of $1.5 for the second quarter of 2010
Exxon Mobil increases profit in 2nd quarter
Jobless Claims in US Declined by 11000 to 457000