Walgreen has made an announcement yesterday that it shall be making a payment of $618 million for Duane Reade, which is New York City’s largest drugstore chain. If the deal got settled then Walgreen’s total drugstore count will increase by nearly 4%, adding 257 stores in the New York area, where it presently has 70 [...]
Feb
18
2010
18
2010
Feb
16
2010
16
2010
Waste Management Profit Climbs 44% on Higher Prices
North America’s largest trash handler Waste Management Inc, reported 44 percent increase in the fourth quarter profit due to high prices for recycled material and cost cutting efforts.
Net sales of company recorded decline of 3.3% to $3.01 billion from $3.11 billion in the prior-year quarter. Lower Volumes had a negative impact of 6.4% on the [...]
Feb
16
2010
16
2010
Feb
16
2010
16
2010
Foster’s profit decline in first quarter
Foster’s group ltd reported a 13.5% drop in profit at A$355.7 million in the first quarter as compared to A$411.3 million recorded in first-half previous year. Company reported that its wine unit suffered the most with Australia’s strong currency slashing the division’s earnings by 83 million Australian dollars.
Australia’s biggest beer and winemaker last quarter result [...]
Feb
16
2010
16
2010
L’oreal reports 8% fall in profit
World’s biggest cosmetic company reports that their market share for western Europe shrank 6.3 percent and North America 0.8 percent but on the positive side Asia grew at an impressive 12.6 percent, Eastern Europe at 11.3 percent and Latin America with 11.2 percent.
Net income declined to 1.79 billion ($2.44 billion), or 3.07 a share, from [...]
Feb
16
2010
16
2010
Pan American Silver offers first dividend
Pan American Silver Corp. (NASDAQ:PAAS) reported a US$27.8 million profit for the fourth quarter. Shortly before, it declared its first-ever cash dividend.
The fourth quarter net income (US$0.31 per share) for the Vancouver-based company compared to a loss of US$33.32 million ($0.41 per share) in the corresponding period last year. The net income for the latest [...]
Feb
12
2010
12
2010
Ingersoll Rand returns to profit in Q4, raises estimates
Ingersoll Rand Plc (NYSE: IR) posted a fourth quarter profit and also issued a first quarter and fiscal 2010 forecast that the company believes to be greater than it earlier expected. The company reported a profit of $139.4 million but the profit fell short of Wall Street’s expectations as demand for its heating and cooling [...]
Feb
12
2010
12
2010
Feb
12
2010
12
2010
Times Co profits triple
Media major the New York Times Co’s net profit in the fourth quarter more than tripled, indicating a slowdown in advertising declines and increase in circulation revenue.The bottom line was also helped by cost-cutting and lower pension costs.
The company, which publishes a number of well-known brands such as The New York Times, The Boston Globe, [...]
Feb
12
2010
12
2010