Cash Flow News
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Updated 26 minutes ago
Canadian stocks fell, heading for a weekly retreat, as mining stocks dropped with the euro after Germany reported a decline in retail sales and oil futures slipped as Saudi Arabia denied speculation of pipeline sabotage.
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Updated 1 hour, 25 minutes ago
Belgacom SA, the largest telephone company in Belgium, fell the most in nine months in Brussels trading after signaling that promotions will lead to a deeper cut in 2012 earnings than most analysts projected.
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Updated 2 hours, 15 minutes ago
Norske Skogindustrier ASA’s benchmark five-year euro note rose as the second-largest maker of newsprint repaid a maturing bond, giving it more than two years reprieve until the next debt maturity.
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Updated 2 hours, 26 minutes ago
Russia’s fourth-largest oil producer pumps more crude than the U.K., employs 100,000 people and trades on stock exchanges in Moscow, London and New York. What’s not disclosed is how much cash OAO Surgutneftegas holds and the identity of its biggest shareholders.
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Poland’s WIG20 Index gained 0.2 percent to 2,320.89 at the close in Warsaw, the highest in more than a week.
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Freenet AG advanced to the highest level in three-and-a-half years in Frankfurt trading after proposing to pay a dividend for 2011 of 1 euro per share as profit rose.
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Vivendi SA tumbled as much as 9.4 percent after forecasting a profit slump through 2013 as SFR, the French wireless unit it bought out for 7.95 billion euros ($10.6 billion) last year, faces increased competition.
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Suzlon Energy Ltd., India’s biggest wind-turbine maker, climbed as much as 15 percent after its Repower unit got a 750 million euro ($999 million) loan, helping erase investor concerns it can’t pay back bondholders.
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Adecco SA, the world’s largest provider of temporary workers, gained as much as 7 percent in Zurich trading after raising its dividend to 1.80 Swiss francs ($1.99) a share.
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Veolia Environnement SA, the French waste and water utility trying to reduce debt, reported a larger-than-estimated 2011 loss on restructuring costs and a business slowdown in southern Europe and north Africa.
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