DailyMarkets.com - Earnings Preview: Clorox
DailyMarkets.com - Earnings Preview: Clorox |
- Earnings Preview: Clorox
- Q2 Results. Street’s Over-Reaction Prompts Upgrade
- A Mixed Bag For SIRIUS XM
- Marginal Beat For Pfizer
- Acorn Energy Sells CoaLogix
- Archer’s EPS Dented By Higher Taxes
- Align Beats, Margins Down
- Coach Reports Robust Results
- Earnings Preview: Comcast Corp.
- Australian Dollar: The Downside Prevails
- Canadian Dollar: The Downside Prevails
- Manufacturing Sinks Crude
- Global Economy Links For Tuesday
- Reliance Steel Beats Estimates
- Crude Falls To Trade Near $94
- AUD/USD Forms Another Double Top; 1.0790 Is Critical Support
- Forex – USD/CAD Pulls Back From 2-week High After U.S. Data
- Sligan Guides Well In 2Q
- Stock Market News Briefs: Acorda Therapeutics, Allstate, Auxilium Pharmaceuticals, Haemonetics, Humana, Jazz Pharmaceuticals, Key Energy Services, Old National Bancorp Capital Trust I, PAETEC Holding Corp.
- VPHM Misses Due To Higher Expenses
- Earnings Scorecard: Universal
- June Restaurant Index Highest Since August 2007
- Safe Havens Bid Higher As Risk-Appetite Slips Ahead Of Key Senate Vote
- Gold Futures Extends Rally To Fresh Record High
- Swiss Franc: The Downside Prevails
- Japanese Yen: Under Pressure
- British Pound: Under Pressure
- Euro: The Downside Prevails
- Auction-Rate Securities Update: Discovery In Merrill/Maui Case Is Explosive!!
- Morning Market Brief
- Forex – EUR/CHF Close To Record Low As Debt Fears Weigh
- General Cable Below Estimate
- Growth Worries Replace Debt Fear
- Aussie Slides On RBA On Fears Over Global Slowdown
- Aussie Slides On RBA On Fears Over Global Slowdown
- U.S. Stock Futures Add To Losses After Data; Dow Down 0.65%
- U.S. Core PCE Price Index Rises Less-than-expected
- Barrick’s 2Q Beats Consensus
- EK Curbs Shareholding, Saves On Tax
- Forex – Dollar Mostly Higher As Safe Haven Demand Continues
- Forex – GBP/USD Remains Lower Despite Better-than-expected PMI
- EUR/USD’s Corrective Structure Is Running Against Extended Divergence With Momentum
- Crude Oil To Sink With S&P 500, Gold Finds Safe-Haven Support
- Cotton Futures Decline As U.S. Crop Concerns Ease
- GBP/USD May Be Completing An Expanded Flat
- Xstrata Profits Jump Despite Cost Pressures
- Breaking Down The Details Of The US Debt Deal
| Posted: 02 Aug 2011 07:50 AM PDT Clorox Corporation (NYSE:CLX), one of the world’s leading manufacturers of consumer products, is scheduled to report its fourth-quarter 2011 financial results before the opening bell on August 03, 2011. The current Zacks Consensus Estimates for the quarter is earnings of $1.19 a share. For the quarter under review, revenue is expected at $1,469.0 million, according to the Zacks Consensus Estimate.
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| Q2 Results. Street’s Over-Reaction Prompts Upgrade Posted: 02 Aug 2011 07:35 AM PDT Brian Marckx, CFA iCAD (ICAD) announced financial results for the second quarter ending June 30, 2011 on July 28, 2011. Revenue was well ahead of our estimate but this was more than offset by the combination of a slightly softer than anticipated gross margin and significantly higher operating expenses. The net result was EPS coming in just shy of our estimate. While the market (with the stock trading down 25%+) was apparently less than enthused by the earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 02 Aug 2011 07:35 AM PDT SIRIUS XM Radio Inc. (NASDAQ:SIRI) declared mixed financial results for the second quarter of 2011. However, the company generated a record high adjusted EBITDA and massive net subscriber addition. Management also raised its target for fiscal 2011 net subscriber addition.
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| Posted: 02 Aug 2011 07:35 AM PDT Pfizer Inc. (NYSE:PFE) reported second quarter earnings of 60 cents per share, a penny above the Zacks Consensus Estimate, but 2% below the year-ago earnings. Second quarter revenues declined 1% to $16.9 billion, in line with the Zacks Consensus Estimate. Second quarter 2011 results include the impact of the King acquisition from Jan 31, 2011. Including one-time items, earnings increased 6% to 33 cents.
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| Posted: 02 Aug 2011 07:35 AM PDT Steven Ralston, CFA Acorn Energy (ACFN) announced the signing of a definitive agreement to sell its majority-owned CoaLogix subsidiary for $101 million or 4.9 times 12-month trailing sales to Energy Capital Partners. Acorn Energy owns approximately 65% of CoaLogix on a fully diluted basis. Since its acquisition in 2007, Acorn's investment in CoaLogix totals $18.2 million. When the sale closes, the after-tax proceeds are estimated to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Archer’s EPS Dented By Higher Taxes Posted: 02 Aug 2011 07:35 AM PDT Archer Daniels Midland Company (NYSE:ADM) reported a disappointed fourth-quarter 2011 results. Net income for the reported quarter was $381.0 million or 58 cents per share compared with $446.0 million or 69 cents per share in the year-ago quarter. Quarterly earnings also missed the Zacks Consensus Estimate of 84 cents a share.
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| Posted: 02 Aug 2011 07:35 AM PDT Align Technology (NASDAQ:ALGN) reported second quarter 2011 adjusted EPS of 20 cents, surpassing the Zacks Consensus Estimate of 19 cents but missing the year-ago quarter adjusted EPS by a penny.
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| Posted: 02 Aug 2011 07:35 AM PDT Coach, Inc. (NYSE:COH), the designer and marketer of fine accessories and gifts, recently posted better-than-expected fourth-quarter 2011 results on the heels of healthy sales in North America and China.
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| Earnings Preview: Comcast Corp. Posted: 02 Aug 2011 07:35 AM PDT Comcast Corp. (NASDAQ:CMCSA) is slated to release its second quarter 2011 results on Tuesday, August 3, 2011, before the opening bell. The current Zacks Consensus Estimate for the second quarter is pegged at 41 cents per share, representing an annualized growth of 23.64%.
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| Australian Dollar: The Downside Prevails Posted: 02 Aug 2011 07:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Canadian Dollar: The Downside Prevails Posted: 02 Aug 2011 07:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 02 Aug 2011 07:18 AM PDT Tuesday August 2nd
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| Global Economy Links For Tuesday Posted: 02 Aug 2011 07:15 AM PDT 1. From Serbia to Cape Cod. In Provincetown, Massachusetts, foreign workers are saving the tourism industry. 2. From Aberdeen, Washington to China. The 100-year-old Port of Grays Harbor in Washington state is bouncing back, thanks to China’s surging demand for U.S. products. (HT: Nick … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Reliance Steel Beats Estimates Posted: 02 Aug 2011 07:03 AM PDT Reliance Steel & Aluminum Co. (NYSE:RS) reported net income of $98.7 million or $1.31 per share in the second quarter of 2011 compared with $61.5 million or 83 cents per share in the prior-year quarter. Results were in line with the Zacks Consensus Estimate.
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| Posted: 02 Aug 2011 07:00 AM PDT 08/02/11 Front month crude prices took a slight turn downwards following new economic reports showing a slowdown in the US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| AUD/USD Forms Another Double Top; 1.0790 Is Critical Support Posted: 02 Aug 2011 06:53 AM PDT Prev: AUD/USD Attemping a Double Top with 1.10 Support (7/28) Double Top Attempt:
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| Forex – USD/CAD Pulls Back From 2-week High After U.S. Data Posted: 02 Aug 2011 06:48 AM PDT Forexpros – The U.S. dollar pared gains against its Canadian counterpart on Tuesday, pulling back from a two-week high as concerns the U.S. economic recovery was faltering weighed on the greenback.<br /><br />USD/CAD hit 0.9617 during U.S. morning trade, the pair’s highest since July 18; the pair subsequently consolidated at 0.9577, gaining 0.06%.<br /><br />The pair was likely to find support at 0.9490, Monday’s low and resistance at 0.9635, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 02 Aug 2011 06:36 AM PDT Silgan Holdings Inc. (NASDAQ:SLGN) has reported fiscal 2011 second quarter results, delivering an EPS of 73 cents versus 47 cents in the year-earlier quarter.
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| Posted: 02 Aug 2011 06:36 AM PDT Allstate Corporation (NYSE:ALL) reported Q2 loss of $1.23, lower than the Zacks Consensus Estimate of $1.53 per share. Revenues for the quarter increased by 5% year-over-year to $8.08 billion, exceeding the Zacks Consensus Estimate of $6.91 billion Auxilium Pharmaceuticals (NASDAQ:AUXL) posted a Q2 loss of $0.11 per share, less than the analysts’ estimate for a loss of $0.19 per share. Revenues for the quarter increased 30.5% year-over-year to $65.9 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| VPHM Misses Due To Higher Expenses Posted: 02 Aug 2011 06:36 AM PDT ViroPharma Inc. (NASDAQ:VPHM) posted second quarter fiscal 2011 earnings of 36 cents per share, missing the Zacks Consensus Estimate by 3 cents and the year-ago figure by a penny. Despite higher revenues, earnings bore the brunt of increased operating expenses.
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| Posted: 02 Aug 2011 06:36 AM PDT Universal Technical Institute Inc. (NYSE:UTI) recently posted better-than-expected third-quarter 2011 results. Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts’ estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
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| June Restaurant Index Highest Since August 2007 Posted: 02 Aug 2011 06:36 AM PDT The National Restaurant Association released its monthly report on the health of America’s restaurant industry last week for the month of June, here are some highlights: 1. The Current Situation Index, which measures current trends in four industry indicators (same-store sales, traffic, labor and capital expenditures), stood at 100.5 in June – up a solid 1.4 percent from May's level of 99.2 (see chart above). The Current Situation Index has been above 100 in three of the last four months, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Safe Havens Bid Higher As Risk-Appetite Slips Ahead Of Key Senate Vote Posted: 02 Aug 2011 06:31 AM PDT The safe haven currencies – the Japanese Yen, the Swiss Franc and the U.S. Dollar – were bid higher in the Asian and European sessions as a dovish Reserve Bank of Australia coupled with the looming Senate vote on the most recent debt ceiling legislation weighed on market participants' appetite for riskier assets. Indeed, even though the Reserve Bank of Australia's decision to hold the key interest rate at 4.75 was widely anticipated by the markets, the ensuing commentary was too dovish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Gold Futures Extends Rally To Fresh Record High Posted: 02 Aug 2011 06:24 AM PDT Forexpros – Gold futures extended gains on Tuesday, rallying to a fresh record high as mounting concerns over the U.S. economic outlook and renewed fears over sovereign debt contagion in the euro zone boosted demand for safe haven assets.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,638.75 a troy ounce during U.S. morning trade, jumping … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Swiss Franc: The Downside Prevails Posted: 02 Aug 2011 06:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 02 Aug 2011 06:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 02 Aug 2011 06:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 02 Aug 2011 06:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Auction-Rate Securities Update: Discovery In Merrill/Maui Case Is Explosive!! Posted: 02 Aug 2011 06:17 AM PDT Information is everything. The appropriate use of information can be particularly powerful if not explosive.
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| Posted: 02 Aug 2011 01:15 AM PDT 08/02/11 The latest in news, commentary, and information on what’s moving the US equities markets just prior to the ringing of the NYSE opening … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/CHF Close To Record Low As Debt Fears Weigh Posted: 02 Aug 2011 06:08 AM PDT Forexpros – The euro tumbled to a record low against the Swiss franc on Tuesday, as fresh concerns over sovereign debt contagion in the euro zone and fears over the outlook for global economic growth boosted safe haven inflows.<br /><br />EUR/CHF hit 1.0988 during European afternoon trade, the pair’s lowest since the inception of the single currency; the pair subsequently consolidated at 1.1058, falling 0.93%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 02 Aug 2011 06:02 AM PDT General Cable Corporation (NYSE:BGC) reported second-quarter 2011 earnings per share of 68 cents, below the Zacks Consensus Estimate of 83 cents. The earnings per share were above the prior-year earnings per share of 45 cents.
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| Growth Worries Replace Debt Fear Posted: 02 Aug 2011 06:02 AM PDT It is amazing to see how fast the markets have started to look past the Debt Deal even as it has yet to become to the law of the land. We will likely get the President’s signature on the bill after the Senate passes it later today; the House passed it Monday evening. With default no longer a concern but a rating downgrade that may still be in the cards, stocks have moved on to fretting about the growth question. And there are plenty of reasons for investors to keep an eye on the U.S. economy’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Aussie Slides On RBA On Fears Over Global Slowdown Posted: 02 Aug 2011 06:01 AM PDT Relief over the likely successful conclusion to the U.S. debt-debacle seems to have been confined to an end-of-day rally on Wall Street on a day marred by a further convincing sign that the economy remains dogged by lackluster growth. So entrenched is this current bout of weakness that the Australian central bank appears to have put global growth concerns ahead of medium-term worries over inflation causing an evaporation of fears that interest rates in the nation will rise. Those same concerns … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Aussie Slides On RBA On Fears Over Global Slowdown Posted: 02 Aug 2011 05:58 AM PDT Relief over the likely successful conclusion to the U.S. debt-debacle seems to have been confined to an end-of-day rally on Wall Street on a day marred by a further convincing sign that the economy remains dogged by lackluster growth. So entrenched is this current bout of weakness that the Australian central bank appears to have put global growth concerns ahead of medium-term worries over inflation causing an evaporation of fears that interest rates in the nation will rise. Those same concerns … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Stock Futures Add To Losses After Data; Dow Down 0.65% Posted: 02 Aug 2011 05:41 AM PDT Forexpros – U.S. stock futures pointed to a lower open on Tuesday, as concerns the U.S. economic recovery was faltering and lingering worries about a possible downgrade of the U.S. sovereign debt rating prompted investors to shun riskier assets.<br /><br />Dow Jones Industrial Average futures pointed to a loss of 0.65%, the S&P 500 futures declined 0.8%, while the Nasdaq 100 futures retreated 0.7%.<br /><br />Stock futures added to losses after official data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Core PCE Price Index Rises Less-than-expected Posted: 02 Aug 2011 05:37 AM PDT Forexpros – The U.S. core personal consumption expenditure index rose less-than-expected in June, official data showed on Tuesday.<br /><br />In a report, the Bureau of Economic Analysis said its seasonally adjusted core PCE price index rose by 0.1% in June, disappointing expectations for a 0.2% gain.<br /><br />May’s figure was revised to a 0.2% gain from a previously reported 0.3% increase.<br /><br />The report showed that personal spending … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 02 Aug 2011 05:35 AM PDT Barrick Gold Corp. (NYSE:ABX) posted record second-quarter 2011 results driven by higher gold sales volumes and higher prices for both gold and copper. The second quarter reported a net income of $1.2 billion or $1.16 per share.
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| EK Curbs Shareholding, Saves On Tax Posted: 02 Aug 2011 05:18 AM PDT Photography pioneer Eastman Kodak Co. (NYSE:EK) announced that its board has adopted a shareholder rights agreement designed to preserve its tax assets. The plan allows Kodak to utilize its $2.9 billion in tax attributes to offset tax burden on future income gains.
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| Forex – Dollar Mostly Higher As Safe Haven Demand Continues Posted: 02 Aug 2011 05:11 AM PDT Forexpros – The U.S. dollar mostly higher against its major counterparts on Tuesday, as concerns over a slowdown in global economic growth and fresh fears over sovereign debt contagion in the euro zone bolstered safe haven demand.<br /><br />During European afternoon trade, the greenback was higher against the euro, with EUR/USD shedding 0.47% to hit 1.4180.<br /><br />Earlier Tuesday, Italian and Spanish bond yields advanced to 14-year highs, amid fresh worries that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Remains Lower Despite Better-than-expected PMI Posted: 02 Aug 2011 04:24 AM PDT Forexpros – The pound remained lower against the U.S. dollar on Tuesday, as fresh concerns over sovereign debt in the euro zone weighed and despite a better-than-expected reading of the U.K.’s construction PMI. <br /><br />GBP/USD hit 1.6260 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.6273, slipping 0.13%.<br /><br />Cable was likely to find short-term support at 1.6236, Monday’s low and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| EUR/USD’s Corrective Structure Is Running Against Extended Divergence With Momentum Posted: 02 Aug 2011 04:16 AM PDT Prev: EUR/USD Completes a Gartley at 61.8% and 50% Fibonacci cluster (8/1) Gartley and Zig Zag:
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| Crude Oil To Sink With S&P 500, Gold Finds Safe-Haven Support Posted: 02 Aug 2011 04:08 AM PDT Talking Points Crude Oil Sinking as Risk Aversion Grips Financial Markets WTI Crude Oil (NY Close): $94.89 // -0.81 // -0.85%
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| Cotton Futures Decline As U.S. Crop Concerns Ease Posted: 02 Aug 2011 03:35 AM PDT Forexpros – Cotton futures were down sharply on Tuesday, after government data showed that U.S. crop conditions improved last week, easing concerns over tightening supplies, while a stronger U.S. dollar also weighed. <br /> <br />On the ICE Futures U.S. Exchange, cotton futures for October delivery traded at USD1.0333 a pound during European morning trade, tumbling 2.2%. <br /><br />It earlier fell as much as 2.5% to trade at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| GBP/USD May Be Completing An Expanded Flat Posted: 02 Aug 2011 03:31 AM PDT Prev: GBP/USD Boosted by Technical and Fundamental Signals (8/2) Wave Count:
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| Xstrata Profits Jump Despite Cost Pressures Posted: 02 Aug 2011 12:44 AM PDT Mining group Xstrata (LON:XTA) saw revenues soar by 23% to $16.8 billion (£10.3 billion) in the first six months of the year as demand for its commodities continued to surge. The Switzerland-based group said that operating profits had grown by 23% to $2.9 billion and that robust operational momentum in the second quarter would deliver "a substantially stronger second half". As a result, the interim dividend was lifted by 160% to 13 cents. Chief executive Mick Davis said the figures … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Breaking Down The Details Of The US Debt Deal Posted: 01 Aug 2011 09:09 PM PDT House Passes "The Deal" A vote in the Senate will come … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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