Monthly Archives:  August 2011

  • Rio Tinto First-Half Profit Jumps 30% to Record

    Full Story | 4th August 2011
    Rio Tinto Group, the second-largest mining company, said first-half profit rose 30 percent to a record on higher prices for iron ore, copper and aluminum. The company increased its share buyback by $2 billion. Net .
  • Market News

    Full Story | 4th August 2011
    European Markets European markets are called to open positive this morning. Asian Markets Asian stocks fell on concern the U.S. economic recovery is faltering; overshadowing gains by Japanese exporters after the nation intervened in the .
  • Lloyds Banking Posts Loss on Irish Loans

    Full Story | 4th August 2011
    Lloyds Banking Group Plc (LLOY), Britain’s biggest mortgage lender, reported a first-half net loss after Irish bad loan provisions increased, funding costs rose and the lender set aside 3.2 billion pounds ($5.2 billion) for mis-sold .
  • Hertz raises guidance for FY11

    Full Story | 3rd August 2011
    Hertz Global Holdings, Inc. (NYSE: HTZ) reported second quarter 2011 worldwide revenues of $2.1 billion, an increase of 10.3% year-over-year (a 5.8% increase excluding the effects of foreign currency). Worldwide car rental revenues for the .
  • Standard Chartered beats analysts estimates

    Full Story | 3rd August 2011
    Standard Chartered Plc posted net income of $2.6 billion for the first half of the year, according to a statement from the company. That compares with the median estimate of $2.38 billion in a Bloomberg .
  • UniCredit Q211 results beat estimates

    Full Story | 3rd August 2011
    UniCredit SpA, Italy’s biggest bank by assets, reported second-quarter net income rose to 511 million euros from 148 million euros a year earlier, according to a statement distributed through the Italian exchange. That compares with .
  • Market News

    Full Story | 3rd August 2011
    European Markets European markets are called to open negative this morning. Asian Markets Asian shares fell, extending the global stock-market selloff to six days, and regional currencies sank on concern the U.S. recovery is faltering. .
  • Market News

    Full Story | 2nd August 2011
    European Markets European markets are called to open lower this morning. Asian Markets Asian stocks fell, paring the biggest weekly gain since March, and U.S. and U.K. index futures dropped ahead of an American jobs .