(Bloomberg) -- U.K. stocks including GlaxoSmithKline Plc advanced. Deutsche Bank AG advised investors to buy shares in Europe's largest drugmaker.
Aviva Plc gained after it said first-quarter life and pension sales rose 14 percent, helped by its purchase of AmerUs Group Co. in the U.S.
Read more at Bloomberg Stocks News
Tuesday, April 24, 2007
UPDATE 1-Nikko Cordial earnings slide in fourth quarter
(Reuters) - TOKYO, April 24 - Citigroup takeover target Nikko Cordial Corp. reported a decline in its underlying fourth-quarter earnings on Tuesday, hit by an accounting scandal and a sector-wide slowdown in new share issues.
A change in Nikko's tax status allowed Japan's third-biggest brokerage to book net profits of 24.7 billion yen in the January-March fourth quarter, up 38 percent versus the same period a year earlier.
Read more at Reuters.com Market News
A change in Nikko's tax status allowed Japan's third-biggest brokerage to book net profits of 24.7 billion yen in the January-March fourth quarter, up 38 percent versus the same period a year earlier.
Read more at Reuters.com Market News
Finland's Jobless Rate Falls to 16-Year Low in March Led by Private Sector
(Bloomberg) -- Finland's jobless rate fell to 7.7 percent in March, the lowest for that month in 16 years, led by increased private sector employment.
The unemployment rate fell from 8.1 percent in the same month last year and increased from 7.5 percent in February, Helsinki- based Statistics Finland said on its Web site today. The median forecast for the rate was 7.5 percent, according to the five economists surveyed by Bloomberg.
Read more at Bloomberg Bonds News
The unemployment rate fell from 8.1 percent in the same month last year and increased from 7.5 percent in February, Helsinki- based Statistics Finland said on its Web site today. The median forecast for the rate was 7.5 percent, according to the five economists surveyed by Bloomberg.
Read more at Bloomberg Bonds News
Home Resales in U.S. Probably Fell Last Month, Delaying Housing Recovery
(Bloomberg) -- Home resales in the U.S. probably fell in March to the lowest in three months, delaying housing's recovery from a slump that's shown some signs of reaching bottom.
The National Association of Realtors may report home resales fell 4.3 percent last month to a 6.40 million annual rate, according to the median forecast in a Bloomberg News survey of 65 economists.
Read more at Bloomberg Bonds News
The National Association of Realtors may report home resales fell 4.3 percent last month to a 6.40 million annual rate, according to the median forecast in a Bloomberg News survey of 65 economists.
Read more at Bloomberg Bonds News
Cisco extends tender offer for WebEx
(Reuters) - It said it continued to expect to complete tender offer in the fourth quarter of its 2007 fiscal year.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
UPDATE 1-Oil giant BP Q1 profits fall on lower oil price
(Reuters) - BP said in a statement on Tuesday that its replacement cost profit, which strips out the impact of changes in the value of fuel inventories, was $4.36 billion in the first quarter.
Excluding one-off items, such as oil field sales, which amounted to a net gain of $363 million, the result was $3.998 billion. A Reuters poll of 10 analysts on Friday gave an average forecast of $4.08 billion for BP's first-quarter replacement cost net profit excluding one-off items, down from $5.28 billion in the same period last year.
Read more at Reuters.com Market News
Excluding one-off items, such as oil field sales, which amounted to a net gain of $363 million, the result was $3.998 billion. A Reuters poll of 10 analysts on Friday gave an average forecast of $4.08 billion for BP's first-quarter replacement cost net profit excluding one-off items, down from $5.28 billion in the same period last year.
Read more at Reuters.com Market News
UPDATE 1-Alcatel Lucent sees "soft" Q1 revenue
(Reuters) - The recently merged French-American telecoms equipment group said it expected to post an adjusted operating loss of some 260 million euros in the first quarter, half of which would be attributed to significant items.
"As previously stated, we anticipated that some of the factors which affected our business in the fourth quarter 2006 would continue in the early months of the year leading to some revenue decline," Alcatel Lucent said in a statement.
Read more at Reuters.com Market News
"As previously stated, we anticipated that some of the factors which affected our business in the fourth quarter 2006 would continue in the early months of the year leading to some revenue decline," Alcatel Lucent said in a statement.
Read more at Reuters.com Market News
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