By ROSS KELLY And NEIL SANDS SYDNEY—Lend Lease Group, Australia’s largest property developer, swung to a full-year net profit on the absence of heavy writedowns that marred its previous result. Lend Lease didn’t provide much guidance Monday, apart from saying that it expects construction volumes in Australia to decline as government stimulus wanes. Offshore construction [...]
By ELIZABETH HOLMES Who would have thought typing such short messages could be so tricky? By now, even the stodgiest companies have found their way onto Twitter. They have discovered it isn’t just another marketing channel with a funny name, it’s more like a conversation they need to join or risk losing influence over how [...]
Wed May 9, 2012 4:35pm EDT May 9 – –Standard & Poor’s Ratings Services said today that its ratings on America Movil S. A. B. (AMX; A-/Stable/–) are unaffected by the company’s $3.4 billion (about MXN45.22 billion) offer to increase its stake in Dutch phone company Koninklijke KPN N.V. (KPN; BBB/Stable/A-2) to 28% from 4.8%. [...]
By TIMOTHY AEPPEL MINERVA, Ohio — Workers at Summitville Tiles Inc. gathered on the factory floor Wednesday morning to hear their boss — using a bullhorn to pierce the cavernous space — tell them he was laying off a third of the staff. To pull through this crisis, owner David Johnson said, the company must [...]
Is a tax sin haunting you? Maybe you paid a baby sitter under the table, or “forgot” to declare income, or deducted personal expenses as business costs. Perhaps you didn’t know a large tax or a form was due and found out only later. Maybe you never filed at all. Whatever the misdeed, the approach [...]
When Unum Group announced in early February that it would take a pretax charge of nearly $900 million to exit the group long-term-care insurance business, all the old fears that have haunted the stock surfaced, and the shares slumped on three times their normal daily volume. Those concerns surfaced again last week when Unum’s first-quarter [...]
By NICK TIMIRAOS With the Federal Reserve out of the mortgage market and the economy gaining strength, some economists are warning that mortgage rates, still near historic lows, will soon start rising. That presents a tough choice for borrowers with adjustable-rate mortgages or home-equity lines of credit: Should they trade their low-rate loans for more-expensive [...]
This white paper discusses Brocade’s Host Bus Adapter (HBA) Performance Leadership. The Brocade 815 (single port) and 825 (dual port) 8 Gbit/sec FC-to-PCIe HBAs provide a new level of scalable server connectivity through unmatched hardware capabilities and unique software configurability. Delivering more than twice the performance of competing HBAs, Brocade FC HBAs also offer advanced [...]
Vital Signs Stocks scored big gains last week, up about 2%, as strong first-quarter earnings took center stage and recurring European sovereign-debt worries moved back into the wings. With smaller-cap shares beating large-caps, the risk-on trade resurfaced, at least for the week. Big quarterly profit numbers from Apple (ticker: AAPL), out midweek, helped start the [...]
By Kyle Peterson Thu May 3, 2012 9:14pm EDT <span class="articleLocation”>(Reuters) – Three labor unions at American Airlines are appealing directly to the company’s board of directors to support a merger with rival carrier US Airways Group (LCC.N), a step that managers at carrier’s parent, AMR Corp (AAMRQ.PK), have so far resisted. In a letter [...]
