Columbus Business Daily - Earnings Management News

Earnings Management News

Stocks Rally on Indian Expansion, Prospect of Greece Agreement Tuesday, March 2, 2010 @ 6:17AMMarch 2 (Bloomberg) -- Stocks rose, sending the MSCI Emerging Markets Index to its highest level in five weeks, as India’s economy improved and the European Union said Greece will announce additional deficit-cutting measures in coming days.
Swiss Stocks Advance for Third Day, Led by Richemont, Swatch Tuesday, March 2, 2010 @ 6:16AMMarch 2 (Bloomberg) -- Swiss stocks advanced for a third day, led by Compagnie Financiere Richemont SA, after Swiss economic growth accelerated more than economists forecast in the fourth quarter as exports helped the recovery gain traction.
Brazilian Stock-Index Futures Gain on Ore Price Speculation Tuesday, March 2, 2010 @ 6:16AMMarch 2 (Bloomberg) -- Bovespa stock-index futures gained, indicating the gauge may rise for a fourth day, as commodities advanced and analysts speculated iron-ore prices may surge.
Before the Bell: Kimberly-Clark, Staples, GM in focus Tuesday, March 2, 2010 @ 6:15AMA roundup of financial and business news breaking before the opening bell on Wall Street.
Obama to spend big to confront 'dropout crisis' Tuesday, March 2, 2010 @ 6:12AMPresident Obama outlined Monday a get-tough strategy for turning around persistently struggling schools, offering an unprecedented increase in federal funding for local school systems that shake up their lowest-achieving campuses. Speaking before a meeting...
SHUAA Capital releases KSA Vision 2010 Tuesday, March 2, 2010 @ 6:06AMDubai - 02 March 2010: SHUAA Capital, the leading financial services institution in the GCC, has today published its Saudi Vision 2010. The vision provides an overview of Saudi Arabia's market Saudi Arabia's market outlook for 2010 with a special focus on the petrochemical, banking and telecom sectors as well as stock briefs for more than 30 Saudi listed companies.
Brooklyn DA: No criminality caught on ACORN video Tuesday, March 2, 2010 @ 6:04AMACORN employees caught on video apparently advising a couple posing as a prostitute and her boyfriend to lie about her profession and launder her earnings did not commit a crime, the Brooklyn District Attorney's Office said Monday.
BP to Boost Profits by $3 Billion, Sees Rising Output (Update1) Tuesday, March 2, 2010 @ 6:03AMMarch 2 (Bloomberg) -- BP Plc , vying with Royal Dutch Shell Plc as Europe’s largest oil company, plans to increase annual pre-tax profitability by $3 billion over the next two to three years by bolstering production and cutting costs.
Cabo Announces 2nd Quarter Results Tuesday, March 2, 2010 @ 6:00AMNORTH VANCOUVER, BRITISH COLUMBIA-- - Cabo Drilling Corp. today reported results for its fiscal year 2010 second quarter ended December 31, 2009.
Arena Resources Announces Financial and Operational Results for Fourth Quarter and Year End 2009 Tuesday, March 2, 2010 @ 6:00AMTULSA, Okla.----Arena Resources, Inc. released today financial results for the fourth quarter and year ended December 31, 2009.
Frozen Food Express Industries, Inc. Announces Fourth Quarter and 2009 Year End Results Wednesday, February 24, 2010 @ 2:29PMDALLAS -- Frozen Food Express Industries, Inc. today announced its financial and operating results for the quarter and year ended December 31, 2009. Highlights for the year include:
MAp Group sinks to annual loss Wednesday, February 24, 2010 @ 2:29PMMAp Group lands an annual loss in part because of a $345m termination fee paid to the Macquarie Group when the firm went solo.
SAAB leads surge in Saudi bank bad debts Wednesday, February 24, 2010 @ 2:28PMSAAB to leave decision to provision loans to the end of 2010.
Stocks rebound as Bernanke sees rates staying low Wednesday, February 24, 2010 @ 2:27PMFederal Reserve Chairman Ben Bernanke gave the stock market the tonic it wanted: Interest rates will stay low. Stocks rallied Wednesday and ended a two-day slide after Bernanke made his forecast during his semiannual report to Congress.
Stocks rebound as Bernanke sees rates staying low Wednesday, February 24, 2010 @ 2:27PMFederal Reserve Chairman Ben Bernanke gave the stock market the tonic it wanted: Interest rates will stay low.
Growth engine pulls cash hope Record annual plan size Wednesday, February 24, 2010 @ 2:25PMNew Delhi, Feb. 24: Indian Railways aims to generate a surplus of Rs 3,173.09 crore in 2010-11 on the back of strong economic growth and booming industrial production as the country comes out of slowdown.
Stocks Rebound On Bernanke's Economy Report Wednesday, February 24, 2010 @ 2:24PMFederal Reserve Chairman Ben Bernanke gave the stock market the tonic it wanted: Interest rates will stay low. Stocks rallied Wednesday and ended a two-day slide after Bernanke sounded an upbeat note about the economy during his semiannual report to Congress. He told the House Financial Services Committee he still expects rates will remain low for an extended period. Investors want to see low ...
3 Stocks That Just Make Sense Wednesday, February 24, 2010 @ 2:22PMThrow your complex computer models out the window; these three stocks just plain make sense.
5-Star Stocks Poised to Pop: EZCORP Wednesday, February 24, 2010 @ 2:22PMCAPS investors would never hock this stock.
Tuesday's Hottest Stocks Wednesday, February 24, 2010 @ 2:22PMYesterday's market is today's moneymaking road map.
Asian Stocks Fall for Eighth Day on Monetary Tightening Concern Wednesday, January 27, 2010 @ 1:24AMAsian stocks fell for an eighth day, the longest streak since May 2005, as a bigger-than-estimated increase in Australian consumer prices fueled concern tighter monetary policies in the region will slow growth.
BBVA Profit Drops 94% on Writedowns for U.S., Loans (Update1) Wednesday, January 27, 2010 @ 1:24AMBanco Bilbao Vizcaya Argentaria SA, Spain’s second-biggest lender, said fourth-quarter profit slumped 94 percent as it wrote down goodwill on its U.S. business and set aside more money for bad loans.
DuPont announces fourth quarter 2009 earnings Wednesday, January 27, 2010 @ 1:22AMDuPont's fourth-quarter 2009 earnings were $.48 per share, compared to a fourth-quarter 2008 loss of $.70 per share. Excluding significant items, fourth-quarter 2009 earnings were $.44 per share versus a $.28 per share loss in the prior year (see Schedule B.).
Sun shops unnerved by Oracle Alpha man Wednesday, January 27, 2010 @ 1:14AMThe Larry Factor It's open season on customers running Sun Microsystems.… What is your recession sales strategy?
Calls renewed for public vote on city airport Wednesday, January 27, 2010 @ 1:12AMThose calling for a public vote on the future of Kalispell City Airport stepped to the microphone once again Monday night, this time with a little more insistence.
Smith International, Inc. Reports Fourth Quarter and Fiscal Year Results Wednesday, January 27, 2010 @ 1:00AMHOUSTON----Smith International, Inc. today announced fourth quarter net income of $20.1 million, or $0.09 per diluted share on revenue of $1.98 billion. In comparison, third quarter of 2009 earnings from continuing operations, net of charges, were $14.8 million or $0.07 per diluted share on revenue of $1.88 billion, while in the comparable prior-year fourth quarter, earnings from continuing ...
Vedanta Resources Says Q3 EBITDA Was Strong Wednesday, January 27, 2010 @ 12:49AMLONDON -- Indian mining firm Vedanta Resources said Wednesday that it saw record production volumes in mined zinc, lead, aluminium and iron ore and record commercial power sales in its fiscal third q...
CN Rail profit falls 20%, hit by strike, weather Wednesday, January 27, 2010 @ 12:47AMCanadian National Railway Co. delivered a 20% drop in fourth-quarter profit yesterday. But the new management at the country's largest railway say they have been heartened by sequential growth in thei...
SAP Sees 2010 Sales Rebound After Fourth-Quarter Profit Falls Wednesday, January 27, 2010 @ 12:46AMJan. 27 (Bloomberg) -- SAP AG , the world’s biggest maker of business-management software, said it expects a rebound in sales in 2010, after revenue and profit slid in the fourth quarter as customers cut spending amid the economic slump.
European Stock-Index Futures, Asian Shares Retreat; BHP Slides Wednesday, January 27, 2010 @ 12:39AMJan. 27 (Bloomberg) -- European stock-index futures declined, following Asian and U.S. shares lower, amid mounting concern that China and America will step up plans to unwind stimulus measures.
CIMB Research maintains Outperform on Public Bank Sunday, January 24, 2010 @ 6:01PMKUALA LUMPUR: CIMB Equities Research is maintaining its outperform on Public Bank at RM11.98 and a target price of RM14.20, still pegged to a 10% premium over its DDM (dividend discount model) value.
The Week Ahead: BSkyB to reap benefit of high-definition TV Sunday, January 24, 2010 @ 5:31PMAnalysts are looking forward to another strong set of results from British Sky Broadcasting (BSkyB), the pay-television group which is due to post its half-year results on Thursday. Key performance indicators are expected to have remained strong, with Charles Stanley anticipating news of 165,000 net new pay-TV subscribers during the company's second quarter, while UBS expects to hear of 180,000 ...
MBfH rationale for privatisation and offer price come under scrutiny Sunday, January 24, 2010 @ 5:18PMdaljit@thestar.com.my PETALING JAYA: The proposal to take MBf Holdings Bhd (MBfH) private and eventually to delist it has drawn some attention from the financial community. Although MBfH has been out ...
Asian Shares Lower On U.S Lead; Financials Weak Sunday, January 24, 2010 @ 5:08PMSINGAPORE (Dow Jones)-- Asian stock markets were lower Monday, weighed by financial shares as investors remained risk averse following sharp losses on Wall Street Friday.
Uncertain week ahead for Wall Street Sunday, January 24, 2010 @ 4:55PMSetting aside the rights or wrongs of the issue, President Barack Obama's plan to strip banks of some of their clout is probably the last thing that world investors needed.
Tax plan scare for McMillan Shakespeare Sunday, January 24, 2010 @ 4:30PMDavid Symons joins BusinessDay today, bringing insights from his career as an investment banker and private equity executive. Insider, his expert analysis of financial markets, will appear from Monday to Friday with regular online updates.
AGSM, Melbourne both slip in MBA league table Sunday, January 24, 2010 @ 4:21PMThe Australian Graduate School of Management and Melbourne Business School have both slipped in the Financial Times' 2010 MBA rankings.
Call for sale of BBC Worldwide Sunday, January 24, 2010 @ 4:09PMBBC Worldwide, the main commercial arm of the BBC, should be split from the corporation and turned into a global communications company brand to promote and sell British television programmes around the world, a committee of peers has recommended.
Japan Price-to-Assets Makes for Cheapest International Stocks Sunday, January 24, 2010 @ 4:08PMJan. 25 (Bloomberg) -- Not even the slowest economic growth in the industrialized world or deflation can keep Byron Wien , David Herro and John Alkire away from Japanese equities.
CS Loxinfo sees return to 3-5% growth Sunday, January 24, 2010 @ 3:47PMCS LoxInfo, the internet-service provider of the satellite operator Thaicom Plc, expects to see 3-5% growth this year after facing flat growth last year.
Weekly CEO Sells Highlight: BWEN, TIF, RL, CBSH, CPTS Saturday, January 23, 2010 @ 10:02PMBy guruat. According to GuruFocus Insider Data, these are the largest CEO sales during the past week. Read more » »
Petition aims to sway city on BLM agreement about beach vendors Council expected to decide on accord Tuesday Saturday, January 23, 2010 @ 9:55PMOnly days before the city council discusses the future of shoreline vending on Rotary Park and London Bridge beaches, one group is hoping a petition might sway a decision.
52-Week High Companies: JNJ, MCD, BTI, AZN Saturday, January 23, 2010 @ 9:48PMBy gururk. According to GuruFocus updates , these Guru stocks have reached their 52-Week Highs: Johnson & Johnson ( JNJ ), McDonald's Corp. ( MCD ), British American Tobacco PLC ( BTI ), and AstraZeneca PLC ( AZN ). Read more » »
Weekly CFO Buys Highlight: EFSC, CTT, SHLM Saturday, January 23, 2010 @ 9:47PMBy gurujk. According to GuruFocus Insider Data, the largest CFO buys during the past week are Enterprise Financial Services Corp. ( EFSC ), Competitive Technologies Inc ( CTT ), and Schulman Inc. ( SHLM ). Read more » »
Streetwise: Fed's actions don't equal a 'Ponzi scheme' Saturday, January 23, 2010 @ 9:31PMA reader forwarded to me a disturbing video of Erin Burnett on CNBC. Ms. Burnett referred to the actions by the Federal Reserve of adding liquidity to the economy in an effort to stimulate lending and those by the Treasury Department of issuing debt to finance the deficit - brought on in no small part by our military actions abroad - as a Ponzi scheme.
Corporate earnings hold key to market Saturday, January 23, 2010 @ 9:20PMThe results season is on. Market participants are looking out for quality earnings. The earnings season has attracted more than the usual interest this time around as it is the only factor than wil...
Banks, Greece, China weigh on stock markets Saturday, January 23, 2010 @ 9:16PMLondong — Setting aside the rights or wrongs of the issue, U.S. President Barack Obama's plan to strip banks of some of their clout is probably the last thing that world investors needed.
Stock backdating investigations changed Silicon Valley Saturday, January 23, 2010 @ 8:28PMDespite failed cases, prosecutors claim victory
U.S. stocks sink again Saturday, January 23, 2010 @ 8:10PMNEW YORK -- Stocks suffered their fourth sharp drop in five trading days as investors caved to growing anxiety about President Barack Obama's plans to restrict big banks and earnings reports that just aren't good enough.
Elumelu: After Banking, I Still Have a Lot to Offer Saturday, January 23, 2010 @ 7:45PMRetiring at the age of 47 is never the dream of any young Nigerian, but Tony Onyemaechi Elumelu will leave his position of Group Managing Director/Chief Executive Officer of the United Bank for Africa (UBA) Plc in July, this year.