Showing category "News" (Show all posts)

BMW Posts 6.4 Percent Sales Growth in May

Posted by macy macon on Tuesday, June 12, 2012, In : News 
BMW said Monday that its sales increased by 6.4 percent in May to 156,957 vehicles, which is a new record for the month of May.

The surge in sales was mainly due to an increase in demand from mainland China, jumping by nearly a third. With a boost to its sales from China, its largest market, BMW is well on its way to reaching an all-time high in 2012.

There was a rise of 6.6 percent in the sales of BMW brand sales to 129,150 vehicles in May, while Mini jumped 5.5 percent to 27,527 cars. In...
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World Stocks Tumble

Posted by macy macon on Monday, June 4, 2012, In : News 


World stock markets came in for some harsh treatment on Monday as a dismal US unemployment data bolstered fears of an economic slowdown in the world's largest economy, unsettling investors who fled en masse from stocks. The damaging data, fueled further fears that another recession  is in the making amid last week reports that showed weakness in Chinese manufacturing.

 With Europe struggling and China slowing, investors were hoping that US might provide some positive news that could br...


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Pre-Foreclosure Sales in First Quarter at 3-Year High

Posted by macy macon on Saturday, June 2, 2012, In : News 

A report issued Thursday shows that sales of pre-foreclosure homes jumped in the first quarter to the highest level in three years due to an escalation in price discounts.

 In the first three months of this year, the sales of homes in default jumped 16 percent to 109,521 homes compared to the fourth quarter of 2011. It represented an increase of 25 percent compared to the year before and the highest level since the first quarter of 2009. Read More Here.....

Resource Link   Sharewell News...


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Northwest bio provides update on DCVAX®-L cancer trial

Posted by macy macon on Thursday, May 17, 2012, In : News 
Northwest Biotherapeutics (OTC.BB: NWBO) (NW Bio) announced today that it now has 41 clinical trial sites open and recruiting across the United States in its ongoing clinical trial of DCVax®-L immune therapy for Glioblastoma multiforme (GBM), the most lethal form of brain cancer.  This is ahead of the Company’s previous projection of 40 sites by the end of Q2, 2012.  The Company plans to continue adding clinical trial sites in the US and Europe, and expects to have at least 60 sites ...
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Coty Retracts from Acquiring Avon (AVP)

Posted by macy macon on Wednesday, May 16, 2012, In : News 
Saying that two months are enough for considering a takeover bid, Coty withdrew its $10.7 billion bid for Avon Products (NYSE : AVP). Coty had increased its first bid made in March last week but it had warned that it was valid only till Monday night.

Coty makes perfumes for Lady Gaga, David and Victoria Beckham, Beyonce Knowles and other celebrities, while Avon makes beauty products that are sold door-to-door, by women who are popularly known as Avon ladies. A big decline in sales and pr...
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Saudi Oil Minister Says Crude Prices Should Fall to USD100 a Barrel

Posted by macy macon on Monday, May 14, 2012, In : News 
Saudi Arabia’s oil minister, Ali-al-Naimi, has called for Brent crude prices to fall to $100 a barrel because global supply is outweighing demand.

Brent has fallen 6 percent this month amid concerns that fuel demand will be badly impacted by concerns over Europe’s debt crisis. OPEC’s Secretary General, Abdalla el-Badri, said May 3 that the group is working to bring down the prices. OPEC is scheduled to meet next month. Its oil production is 8.3 percent more than what it considers t...
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Galaxy Phones Propels Samsung To Record Profit

Posted by macy macon on Friday, April 27, 2012, In : News 
South Korea's electronic giant, Samsung Electronics Co aided by its record selling Galaxy phones reported a record $5.2 billion first-quarter  profit. The company sold around 93.5 million handsets in the first quarter.

Samsung, the world's top technology firm by revenue, saw its first-quarter  operating profit nearly doubling to 5.85 trillion won, whereas, its  quarterly handset division profits nearly tripled to 4.27 trillion won ($3.8 billion), representing 73 percent of the total p...


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Wells Fargo's (WFC) Annual Shareholders Meeting Disrupted by Protestors

Posted by macy macon on Wednesday, April 25, 2012, In : News 
On Tuesday, hundreds of protestors comprising of union members, Occupy Wall Street demonstrators and people whose homes have been foreclosed across the country  marched to Wells Fargo (NYSE : WFC) to disrupt the annual shareholders meeting.

The shareholders annual meeting was organized to announce the 28 percent profit which the company earned last year. While the CEO of Wells Fargo , John Stumpf ,was announcing the profit of the bank, fifteen protestors, who were allowed in the meeting...


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Netflix (NFLX) CEO Total Compensation Slashed by USD1.5 million

Posted by Macy Macon on Monday, April 23, 2012, In : News 

As a result of missteps taken by Netflix's (NASDAQ : NFLX) head honcho, Reed Hastings, which resulted fall in company's stock last year, his stock option awards has been slashed in half.

The move came after Hasting role led to an unpopular price increase and major subscriber losses. He was the only executive to take a pay cut. While, his $500,000 salary remains the same, his pay package this year was reduced...


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Nissan To Manufacture Two Infiniti Models In China

Posted by macy macon on Saturday, April 21, 2012, In : News 

New York, April 20 (FinanceEnquiry.com) - On Friday, Nissan revealed its plans to build two models of its luxury Infiniti brand in China from 2014. The Japanese auto giant aims to reach its sales target of 500,000 units by 2016, compared to 145,000 last year when it was produced in Japan and the US.

Nissan did not disclose the type of models that will be produced at facilities operated by Dongfeng Motor Co., its Chinese partner. It's...


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McAleese Transport Purchase Option to Buy LCR Group

Posted by macy macon on Friday, April 20, 2012, In : News 
On Thursday, Queensland-based McAleese Transport has bought the option to acquire LCR (Lifting Customers Reputations) Group from its owner CHAMP Private Equity. The acquiring option can be used any time till its expiry in mid-2013. The option comprises a price mechanism which is dependent on the performance of Brisbane-headquartered LCR.

During September 2008, when LCR’s revenue was more than A$120 million and it had mining projects in the Bowen Basin and infrastructure throughout A...


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American Express (AXP) Earnings Jump in Q1

Posted by macy macon on Thursday, April 19, 2012, In : News 
American Express (NYSE : AXP) experiences 7 percent jump in the earnings during the first quarter as the cardholders has spend12 percent more as compared to the previous year.

As compared to other credit card companies, American Express serves more affluent base. Sales at luxury stores surpassed the expectations during the economic recovery, resulting American Express' income soar 35 percent to $752 million in the US.

The credit card company took necessary steps...


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NEI Investments, Otterwood Capital Sign Partnership

Posted by macy macon on Tuesday, April 17, 2012, In : News 
NEI Investments has entered into an exclusive retail investment management contract with Toronto-based independent investment management firm OtterWood Capital Management Inc. Christine Hughes, who heads Otterwood, will serve as sub-advisor to NEI for the Ethical Balanced Fund and two new Northwest mandates that are awaiting security holder votes and regulatory approvals.

As a part of this agreement, OtterWood is expected to take over investment management responsibilities for the $330 milli...
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Coinstar (CSTR) First Quarter Profit Beats Forecast, Stock Surges

Posted by macy macon on Monday, April 16, 2012, In : News 

Coinstar reported first-quarter profit and sales that were higher than what it had forecast mainly because of higher prices. Its stock rose as much as 19 percent in extended trading.

New York, April 13 (SharewellNewswire.com) - Coinstar Inc (NASDAQ : CSTR) reported higher-than-forecast profit and sales for the first quarter mainly due to higher prices. The stock of the owner of Redbox movie-rental kiosks jumped as much as 19 percent in extended trading after the result.

The Belle...


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US 1Q Foreclosure Filings Fall to Lowest Quarterly Total Since 2007

Posted by macy macon on Friday, April 13, 2012, In : News 

First-quarter foreclosure filings in the first quarter were lower by 16 percent from a year earlier. It was also the lowest quarterly total since 2007.

New York, April 12 (SharewellNewswire.com) - There was a decline of 16 percent in first-quarter foreclosure filings from a year earlier. It was also the lowest quarterly total since 2007. The fall in foreclosure filings in the first quarter sequentially was 2 percent. The number of the US properties that got default notices, schedule...


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DirecTV (DTV) and Tribune Reach Agreement over Programming Fees

Posted by macy macon on Thursday, April 12, 2012, In : News 

An agreement has been reached between DirecTV and Tribune over programming fees. The dispute was regarding Tribune asking DirecTV to pay triple the fees that it had been charging to carry Tribune stations on its service. Both companies said that a fair agreement had been reached.

New York, April 5 (SharewellNewswire.com) - DirecTV Inc (NASDAQ : DTV) and Tribune Co have reached an agreement over programming fees leading to the lifting of the black out of Tribune’s 23 TV stati...


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