Category Archives: Finance news - Page 30

AstraZeneca Q1 profit up 4.8 per cent; lower sales costs offset revenue fall

By The Associated Press LONDON – Anglo-Swedish drug maker AstraZeneca PLC posted Thursday a 4.8 per cent rise in first-quarter net profit and lifted its full-year forecast after reaching a deal with British …

European markets steady after Fed says US recovery will continue, interest rates will stay low

By Greg Keller, The Associated Press PARIS – Federal Reserve assurances that the U.S. economic recovery is still on track helped support European markets Thursday, despite some bleak economic data from …

Honda quarterly profit drops 38 per cent due to production slumps after tsunami

By Shino Yuasa, The Associated Press TOKYO – Honda Motor Co. said Thursday its quarterly profit dropped 38 per cent due to a slump in car production following last month’s earthquake and withheld earnings …

Thomson Reuters Q1 profits hold steady at $556M, revenues up five per cent

By The Canadian Press NEW YORK, N.Y. – Thomson Reuters (TSX:TRI) says first-quarter operating profits held relatively steady at $556 million compared to $550 million at the same time last year. Revenues …

Potash Corp. hits record first-quarter profit of $732M as sales hit $2.2B

By The Canadian Press SASKATOON – Potash Corp. of Saskatchewan (TSX:POT) posts record first-quarter profit of $732 million, or 84 cents per share, compared to $444 million or 49 cents per share a year …

Panasonic reports $499 million quarterly loss, plans to cut 17,000 jobs over 2 years

By Yuri Kageyama, The Associated Press TOKYO – Panasonic Corp., Japan’s biggest home appliance maker, is cutting about 17,000 jobs worldwide over two years as its losses swell from restructuring costs …

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