Top Stories Euro rallies on hopes for EU summit on Thursday Asian equities
slightly lower but Europe up on summit hopes Oil at $72.40/bbl Gold holds
steady at $1068/oz. Overnight Eco JPY Prelim Machine Tool Orders up 192% EUR
German Final CPI -0.6% as expected EUR
Although UK monetary policy officials noted that inflationary pressures have
risen above the central bank’s 2% target they attributed the spike to one-off
effects from petrol prices and VAT adjustments. In short inflation does not
appear to be a major concern for the BoE with authorities
Sherlock Holmes and other hit movies helped US media and entertainment giant
Time Warner post a quarterly net profit on Wednesday despite a slide in
advertising revenue at its publishing division. Time Warner reported a
fourth-quarter net profit of $US627 million ($A707 million)
AFP Sherlock Holmes and other hit movies helped US media and entertainment
giant Time Warner post a quarterly net profit on Wednesday despite a slide in
advertising revenue at its publishing division. Time Warner reported a
fourth-quarter net profit of $US627 million ($A707 million)
Time Warner reported a fourth-quarter net profit of $US627 million ($A707
million) compared with a loss of $US16 billion ($A18.05 billion) a year ago,
when it carried out a massive writedown of the value of some of its properties.
Earnings per share of 53 US cents were slightly better than the
Feb. 3 (Bloomberg) -- Comcast Corp. , the largest U.S. cable company, reported
fourth-quarter profit and sales that beat analysts’ estimates, bolstered by
customer additions and capital-spending cuts. Chief Executive Officer Brian
Roberts is using Comcast’s scale to drive down
European Union Monetary Affairs Commissioner Joaquin Almunia said today the
European Union endorses Greece’s three- year plan to cut the region’s widest
budget deficit by more than three quarters. Greek Prime Minister George
Papandreou promised more action to bring the country’s
Net income of $627 million, or 53 cents a share, compared with a loss of $16
billion, or $13.41, a year earlier, the New York-based company said today in a
statement. Excluding items such as costs to cut magazine jobs, profit rose to
55 cents, beating the 52-cent average of analysts
Net income of $627 million, or 53 cents a share, compared with a loss of $16
billion, or $13.41, a year earlier, the New York-based company said today in a
statement distributed by Business Wire. Excluding items such as costs to cut
jobs at Time Inc., profit rose to 55 cents, beating the
Williams Partners LP , the Tulsa, Oklahoma partnership created from the merger
of Williams Cos. affiliates, issued $3.5 billion of bonds yesterday, adding to
the $5.3 billion sold last month by energy producers, according to data
compiled by Bloomberg. Denbury Resources Inc. in Plano, Texas,
Williams Partners LP , the Tulsa, Oklahoma partnership created from the merger
of Williams Cos. affiliates, issued $3.5 billion of bonds yesterday, adding to
the $5.3 billion sold last month by energy producers, according to data
compiled by Bloomberg. Denbury Resources Inc. in Plano, Texas,
