Credit Agricole to raise $9.1 bln after writedown
PARIS (Reuters) - France's biggest retail bank Credit Agricole sought 5.9 billion euros ($9.1 billion) from its shareholders to shore up its capital after new writedowns at its Calyon investment bank, hitting its shares.
[Posted
on :
2008-05-13 ] Category : [
US (Business) ]
|
Retail sales show resiliency
WASHINGTON (Reuters) - Total sales at U.S. retailers weakened modestly in April, the government reported on Tuesday, but outside the hard-pressed auto sector they showed more resiliency than many analysts had anticipated.
[Posted
on :
2008-05-13 ] Category : [
US (Business) ]
|
HP challenges IBM with $12.6 billion EDS deal
NEW YORK (Reuters) - Hewlett-Packard Co has struck a deal to buy Electronic Data Systems Corp for $12.6 billion, seeking to boost its technology services business to better compete against market leader IBM .
[Posted
on :
2008-05-13 ] Category : [
US (Business) ]
|
HP posts higher profit in preliminary report
NEW YORK (Reuters) - Hewlett-Packard Co posted better-than-expected quarterly profit on Tuesday in a preliminary earnings report released shortly after it announced plans to buy Electronic Data Systems Corp for about $12.6 billion.
[Posted
on :
2008-05-13 ] Category : [
US (Business) ]
|
Bernanke says markets healing but still not well
SEA ISLAND, Georgia (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said on Tuesday that emergency Fed liquidity measures have helped relieve strain in financial markets, but the recovery process remains incomplete.
[Posted
on :
2008-05-13 ] Category : [
US (Business) ]
|
HP profit rises in preliminary report
NEW YORK (Reuters) - Hewlett-Packard Co , on Tuesday posted better-than-expected second quarter profit, in a preliminary earnings report released shortly after it announced it would buy Electronic Data Systems Corp for about $12.6 billion.
[Posted
on :
2008-05-13 ] Category : [
US (Business) ]
|
Stock futures lower on banks, Wal-Mart
NEW YORK (Reuters) - Stock index futures fell on Tuesday after Oppenheimer & Co slashed its price targets on a number of brokerages and on concern about Wal-Mart Stores Inc's outlook.
[Posted
on :
2008-05-13 ] Category : [
US (Business) ]
|
Wal-Mart profit up, but shares fall
NEW YORK (Reuters) - Wal-Mart Stores Inc , the world's largest retailer, reported a 7 percent rise in quarterly profit on Tuesday as discounts drew U.S. shoppers looking for bargains on necessities like food and pharmacy items.
[Posted
on :
2008-05-13 ] Category : [
US (Business) ]
|
Liz Claiborne reports net loss
NEW YORK (Reuters) - Clothing maker Liz Claiborne Inc reported a quarterly net loss on Tuesday, versus a year-earlier profit, hurt by expenses related to exiting some brands and operations that are now discontinued.
[Posted
on :
2008-05-13 ] Category : [
US (Business) ]
|
Wal-Mart Q1 profits up 6.9 per cent
New York - Wal-Mart, the world's largest retailing concern, reported Tuesday that it achieved 3.02 billion euros net profit in the first quarter of 2008, up 6.9 per cent year-on-year. The Bentonville, Arkansas-based concern said the earnings came on ...
[Posted
on :
2008-05-13 ] Category : [
US (Business) ]
|
