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Archive May/2008


Coca-Cola Says Confident of Business Outlook

CHICAGO (Reuters) - Coca-Cola Co <KO.N>, the world's largest soft-drink company, on Wednesday said it is confident in its global business outlook for the second quarter and full year, citing

May 30th, 2008 | Categories: Investment

Pfizer Names New General Counsel

NEW YORK (Reuters) - Pfizer Inc <PFE.N> on Wednesday named Amy Schulman, who has led litigation efforts for the drugmaker involving its painkillers Celebrex and Bextra, as its general counsel.

May 30th, 2008 | Categories: Investment

Polo Ralph Lauren Profit Rises

NEW YORK (Reuters) - Clothing maker and retailer Polo Ralph Lauren Corp <RL.N> reported a higher quarterly profit on Wednesday, helped by strong sales, a lower tax rate and acquisitions.

May 30th, 2008 | Categories: Investment

American Eagle Outfitters Profit Falls

NEW YORK (Reuters) - Teen apparel retailer American Eagle Outfitters Inc <AEO.N> said on Wednesday quarterly net profit fell, hurt by greater markdowns resulting from lower-than-expected sales.

May 30th, 2008 | Categories: Investment

Siemens Defendant’s Evidence "started Avalanche"

MUNICH, Germany (Reuters) - Compliance officers at German engineering giant Siemens <SIEGn.DE> and auditors at KPMG turned a blind eye to a system of slush funds used to pay bribes

May 30th, 2008 | Categories: Investment

Indonesia to Quit OPEC, Not Happy With Costly Oil

JAKARTA (Reuters) - Indonesia will quit the Organization of the Petroleum Exporting Countries because as a net oil importer it is not happy with high global crude prices, the energy

May 30th, 2008 | Categories: Investment

World food prices set to fall from current record but will remain high, report says

World food prices are set to fall from current peaks in the coming years but will remain "substantially above" average levels from the past decade, a report said yesterday.

May 30th, 2008 | Categories: Investment

China quake survivors scavenge amid the ruins

Dozens of men and women swarm over the mounds of debris of this ruined city, an eerie replay of the early days following China's devastating earthquake.

May 30th, 2008 | Categories: Investment

U.S. rail network facing congestion ‘calamity’

Railway executive Matthew Rose stood before fellow industry leaders, pointing to a map meant to tell the future of the U.S. railfreight network. It was drenched in red - east

May 30th, 2008 | Categories: Investment

Innovator crafts way to make downspouts disappear

With an eye towards eliminating unsightly downspouts, a Pomona entrepreneur has patented an invention that incorporates the component of a home's gutter system into the home's siding, carrying rainwater away

May 30th, 2008 | Categories: Investment

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