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Archive March/2008


UTi Worldwide Profit Tops Wall Street View

BOSTON (Reuters) - U.S. logistics company UTi Worldwide Inc <UTIW.O> on Thursday reported a quarterly profit that topped Wall Street expectations, factoring out restructuring charges, sending its shares up 10

March 29th, 2008 | Categories: Investment

ConAgra Quarterly Profit Rises

CHICAGO (Reuters) - ConAgra Foods Inc <CAG.N> said on Thursday it would sell its commodity trading and merchandising operations in a deal valued at $2.1 billion, allowing it to focus

March 29th, 2008 | Categories: Investment

Williams-Sonoma Profit Rises, But Outlook Cautious

NEW YORK (Reuters) - Upscale home goods retailer Williams-Sonoma Inc <WSM.N> on Thursday posted a higher quarterly profit, but forecast disappointing fiscal-year earnings because of tough economic conditions, sending its

March 29th, 2008 | Categories: Investment

ConAgra to Sell Trading Business For $1.6 Billion

CHICAGO (Reuters) - ConAgra Foods Inc <CAG.N> on Thursday said it would sell its commodity trading and merchandising operations to an investment management firm for about $1.6 billion, subject to

March 29th, 2008 | Categories: Investment

U.S. Final Q4 GDP Seen Confirming Slump

NEW YORK (Reuters) - U.S. growth data due on Thursday will confirm the slump the economy entered in the fourth quarter, according to a Reuters poll.

March 29th, 2008 | Categories: Investment

M&C Saatchi Expects Challenging Year in U.S

LONDON (Reuters) - UK advertising firm M&C Saatchi <SAA.L> said on Thursday its first quarter was on track after it enjoyed a good 2007, but it expects a more challenging

March 29th, 2008 | Categories: Investment

Nokia Talks to Major Labels About Music Service: Report

HELSINKI (Reuters) - Nokia <NOK1V.HE> is in talks with all the major music labels to sell their songs through its "Comes With Music" service, expected to be launched later this

March 29th, 2008 | Categories: Investment

Sharp to Invest $729 Million in New Solar Cell Plant

TOKYO (Reuters) - Japanese consumer electronics maker Sharp Corp <6753.T> said on Thursday it would spend 72 billion yen ($729 million) to build a new solar cell plant in Sakai,

March 29th, 2008 | Categories: Investment

Man Group Says to Beat Forecasts Despite Turmoil

LONDON (Reuters) - Man Group, the world's biggest listed hedge fund firm, said on Thursday it would beat analysts' average profit forecast for the year ended March 31 despite turmoil

March 29th, 2008 | Categories: Investment

KPMG Allowed Fraud at New Century, Report Says

SAN FRANCISCO (Reuters) - Auditor KPMG <KPMG.UL> either initiated accounting fraud at New Century Financial Corp <NEWCQ.PK> or stood idly by as the failed subprime mortgage lender committed fraud in

March 29th, 2008 | Categories: Investment

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