Investors gave a resounding thumbs down to Barclays’ interim results this morning, harming the bank’s share price by 4.5 per cent in early trading.
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Despite the ongoing trouble in Greece and Spain, a raft of company announcements have whipped up a frenzy among investors this morning.
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10 tips to help expatriates save more and get more for the money that you have squirreled away for a rainy day – covering budgeting and even offshore savings
The perception of stimulus-driven economic recovery that has so lifted the Federal Reserve’s reputation has not been purchased without cost… and that cost may prove too much for us to bear.
It’s crazy how many different things can be traded these days. There are futures contracts for just about everything, even the weather. In my days as a commodity broker, many moons ago, we even used to joke about putting on a tiger shrimp/powdered milk spread. (You could actually do this, were you … [visit site to read more]
“Ask me how insurance works.”
“All right, how does insurance work?”
“Well, okay, you give me your money…”
“Is that all there is to it?”
“Yes.”
“Is that a joke?”
“Not exactly…”
Fire insurance works by sharing out the risk of a fire among hundreds of homeowners. In effect, if one house burns down, the others have already put aside enough money to rebuild it.
It’s a kind of voluntary socialism…freely collectivizing the risk of a house fire.
But just because you … [visit site to read more]
NCR Corporation’s (NYSE:NCR) first quarter loss per share of 10 cents exceeded the Zacks Consensus Estimate loss of 8 cents.
Revenue
NCR reported revenue of $1.03 billion in the first quarter, an increase of 2.0% from $1.00 billion in the year-ago quarter. This includes a benefit of five percentage points from foreign currency translation. Year-over-year revenue growth benefited from improving global economic conditions, which had a positive impact on the global financial services, retail and … [visit site to read more]
General Dynamics Corporation (NYSE:GD) in the first quarter of fiscal 2010 beat the Zacks Consensus earnings (EPS) estimate by 3 cents to reach $1.54, in line with the year-ago quarterly earnings. On a reported basis, including one-time items, earnings came in at $1.53 in the reported quarter, in line with results from the year-ago quarter.
Operational Results
General Dynamics’ revenue decreased 6.2% or $514 million to $7.8 billion in the reported quarter. The company reported earnings … [visit site to read more]
Norfolk Southern Corp. (NYSE:NSC) reported a first quarter earnings of $257 million or 68 cents per share. Excluding a health-care related charge, earnings came in at 75 cents per share. The earnings were ahead of the Zacks Consensus Estimate of 67 cents. The results also compare favorably with the prior-year quarter earnings of $177 million, or 47 cents per share.
The beat was driven by a solid increase in revenues across all its categories. Railway operating revenues were up 15% to $2.2 … [visit site to read more]
Meredith Corporation (NYSE:MDP), a leading media and marketing company, recently posted third-quarter 2010 results that exceeded the Zacks Estimate on the heels of improved advertising performance at its National and Local Media groups, increased readership and online traffic.
The quarterly earnings of 69 cents a share outpaced the Zacks Consensus Estimate of 63 cents, and rose 25% from 55 cents delivered in the prior-year quarter. On a reported basis, earnings came in at 73 cents a share, up … [visit site to read more]
Money is flying into the junior Canadian oil sector. Every morning I wake up and the first thing I do is check my blackberry to see if any financings in the oil and gas sector were announced in which I might want to participate.
Yesterday three companies I follow – Novus Energy (NVS.V), Wavefront Technology (WEE.V) and Southern Pacific (STP.V) – all announced $20 million financings. Novus upped it to $25 million within hours.
All the heavy oil junior producers I follow in Canada … [visit site to read more]
