| Earnings roundup: Campbell, Hormel
CAMDEN, N.J. (AP) _ The Campbell Soup Co. said Friday its second-quarter profit slipped 3.9 percent as increases in the cost of commodities and energy and higher promotional spending offset a strong sales increase. MINNEAPOLIS (AP) _ Hormel Foods Corp. said strong sales of Spam and a recovery in its turkey business boosted first-quarter earnings by 17 percent. Other stories: DULUTH, Minn. (AP) _ Allete Inc.'s profit slipped 2 percent in the fourth quarter as flagging property values in Florida dragged the value of the power company's real estate, the company said Friday. NEW YORK (AP) _ Greek drybulk shipper Diana Shipping Inc. said Friday its fourth-quarter earnings surged 87 percent on higher charter rates and an expanded fleet, but the results still narrowly missed Wall Street's expectations.
Hip-Hop Rumors: Is Kimora Preggers? Bottle Hits Pitbull! Timbaland ...
Damn! What is the hell is going on? I heard about 2,500 people packed club PLANETA in San Antonio, TX to see the one and only Pitbull. After the rapper gets about two songs into his concert, a bottle zips out from the crowd and busts Pitbull on the side of the head! The bottle didn't crack, but it did break the skin and Pitbull bled. A nurse taped him up and he kept performing for one song. There would be no full concert due to the bleeding. He was eventually taken away by the paramedics to get eight staples in his head. Pitbull told the crowd that said his fans pay his bills and he wasn't going let one hater spoil it for them. I heard roughly 80% of those I attendance were females. Foul! See the ignorant video below.
REMY MA CLASHES WITH DIRECTOR?
Remy Ma has been relatively low-key.
pledges to bring jobs to Delaware
Delaware would become the hub of regional wind farm development if a proposed wind farm off Rehoboth Beach gets the go-ahead.
Lt. Gov. John Carney announced Thursday, Jan. 31, that Babcock and Brown, parent company of Bluewater Wind, has agreed to import turbines through the Port of Wilmington and to build an operations center, possibly in the Milford area. A Delaware-based training center may also be needed.
"This is a great opportunity to make Delaware a central part of the wind power industry and to get the state in on the ground floor of an industry with a huge upside-growth potential," Carney said.
The environmental benefits of wind power are well known, he said. But beyond stable prices, the economic benefits have so far appeared less apparent.
Dollar firmer after US rate cut
THE dollar has opened more than eight-tenths of a US cent firmer today as high-yielding currencies gained a boost from an emergency interest rate cut in the United States. The US Federal Reserve slashed rates by three-quarters of a percentage point after global share markets suffered record one-day falls. At 7am AEDT, the dollar was trading at $US0.8679/83, up sharply from yesterday's close of $US0.8594/96. Overnight, the domestic currency traded between a low of $US0.8510 and a high of 0.8721. The cut in the US federal funds rate to 3.5 per cent was the biggest single easing since October 1984. A Toronto-based manager with OzForex, John Corcoran, said the US Federal Reserve's "pre-emptive" move had boosted risk appetite, which in turn helped high interest rate currencies like the dollar.
Bernanke rate hope lifts shares
This would come within days of Tuesday's Reserve Bank meeting, when the Australian central bank is expected to hold off lifting its 6.75 per cent cash rate despite fears of bubbling inflation pressures. "It's the 'Bernanke put' with expectations of a big night in the US and rate cuts to come over the next quarter at least -- because he didn't just hint at one, he hinted at more than one," Macquarie Private Wealth associate director David Halliday said yesterday. Financial markets yesterday shrugged off news that Australia's current account deficit narrowed slightly to $15.59 billion compared with $15.62 billion in the June quarter. Separate figures yesterday showing business credit growing by a vigorous 21.7 per cent over the year to October came as a Reuters survey of market economists highlighted an expectation that the economy would post a strong 4.8 per cent annual growth rate when official numbers were released next week.
How rich do you feel?
I was surprised to read that my salary falls within the top 5 % of wage earners in Canada, as I do not consider myself to be monetarily rich, yet I do feel rich in other ways that have been mentioned...ie- family, friends, health, love, happiness, etc. Just recently I married a beautiful woman (my best friend)for the first time in my life at 42 years of age, and I must say I not only feel rich, I consider myself very blessed. I know money could never replace the positive feeling's I get from all the other aspects of my life. .
Trading Technologies Launches Hosted Connectivity to Sydney Futures ...
CHICAGO, SINGAPORE and SYDNEY, Australia, Oct. 8 /PRNewswire/ -- Trading Technologies International, Inc. (TT) announced today that TT has expanded market access to the Australian Securities Exchange's (ASX's) Sydney Futures Exchange (SFE) market with a new connection through the TTNET(TM) hub in Singapore. TTNET, TT's fully managed hosting solution, has offered direct connectivity to SFE through its primary hub in Chicago for more than a year. The new Singapore connection provides TT's customers with another low-latency path to the exchange for high-performance order routing and execution. TT first established connectivity to SFE in March 2006 and remains the only Independent Software Vendor (ISV) that provides a facilities-managed solution with a direct link to the exchange's trading network.
|
