(Reuters) - DLO realized sales of approximately $100 million in 2006, mainly in the United States, and is expected to make a positive contribution to operating margins in Philips' Peripherals & Accessories business unit, Philips said.
Philips is the world's biggest lighting maker, a top three hospital equipment maker and Europe's biggest consumer electronics producer.
Read more at Reuters.com Mergers News
Thursday, April 12, 2007
Merck's Shares May Climb After Quarterly Profit Forecast Raised 13 Percent
(Bloomberg) -- Merck & Co.'s shares may rise after the drugmaker forecast first-quarter earnings gained 13 percent, beating its own forecast and analysts' estimates.
Earnings rose to 78 cents a share, or 34 percent more than expected, Whitehouse Station, New Jersey-Merck said in a statement yesterday. Excluding costs from plant closings and job cuts, profit was 84 cents compared with a forecast range of 63 cents to 67 cents.
Read more at Bloomberg Stocks News
Earnings rose to 78 cents a share, or 34 percent more than expected, Whitehouse Station, New Jersey-Merck said in a statement yesterday. Excluding costs from plant closings and job cuts, profit was 84 cents compared with a forecast range of 63 cents to 67 cents.
Read more at Bloomberg Stocks News
UPDATE 1-Fiat level with Renault in Q1 in Europe-ACEA
(Reuters) - Riding a wave of new models such as the Bravo, the Grande Punto hatchback and the Panda city car, Fiat had 6.4 percent higher sales in total in the 28 European counries surveyed by Acea. Its market share was up to 8.3 percent from 7.8 percent.
Renault, meanwhile, is treading water as it gears up for a new model offensive starting with Twingo and Laguna later this year and its market share dropped to 8.3 percent from 9.2 percent with a 9.9 percent sales decline in the European area made up of the European Union and the European Free Trade Association.
Read more at Reuters.com Economic News
Renault, meanwhile, is treading water as it gears up for a new model offensive starting with Twingo and Laguna later this year and its market share dropped to 8.3 percent from 9.2 percent with a 9.9 percent sales decline in the European area made up of the European Union and the European Free Trade Association.
Read more at Reuters.com Economic News
G-7 Ministers Plan Defense of Trade Against `Serious' Protectionist Threat
(Bloomberg) -- Finance ministers from the Group of Seven industrial nations may use their meeting today to mount a defense of free trade against what the International Monetary Fund this week called the ``serious danger'' posed by protectionism.
In a bid to narrow the trade imbalances fanning the protectionist push, the G-7 will press the IMF to accelerate its crackdown on currency manipulation. The officials will also deliver another push to restart struggling global trade talks.
Read more at Bloomberg Bonds News
In a bid to narrow the trade imbalances fanning the protectionist push, the G-7 will press the IMF to accelerate its crackdown on currency manipulation. The officials will also deliver another push to restart struggling global trade talks.
Read more at Bloomberg Bonds News
Citigroup seals deal to buy Old Lane -WSJ
(Reuters) - By joining Citigroup, Pandit could join a short list of potential successors to Chief Executive Charles Prince, the Journal said.
Citigroup could pay more than $800 million, the paper reported, citing unnamed sources. But the announced price could be lower, with the total raised by future payments based on the fund's performance, it added.
Read more at Reuters.com Mergers News
Citigroup could pay more than $800 million, the paper reported, citing unnamed sources. But the announced price could be lower, with the total raised by future payments based on the fund's performance, it added.
Read more at Reuters.com Mergers News
Japan's March Aluminum Port Stockpiles Drop 18 Percent to Four-Year Low
(Bloomberg) -- Aluminum stocks at Japan's Yokohama, Nagoya and Osaka ports fell 18 percent month-on-month to an estimated 201,500 metric tons at the end of March, the lowest since November 2002, due to shipment delays, Marubeni said today.
Two vessels scheduled for arrival in March from Brazil and South Africa postponed to April, slashing the stocks by 29,000 tons, said Marubeni in information given by telephone.
Read more at Bloomberg Commodities News
Two vessels scheduled for arrival in March from Brazil and South Africa postponed to April, slashing the stocks by 29,000 tons, said Marubeni in information given by telephone.
Read more at Bloomberg Commodities News
Malaysia's Ringgit Will Extend Gains on Growth and Inflows, Forecast Says
(Bloomberg) -- Malaysia's ringgit will strengthen in the next 12 months as economic growth remains ``solid'' and capital inflows will increase, according to Forecast Pte.
The currency will climb 1.2 percent against the U.S. dollar by April 2008, extending a six-month rally that has pushed it to a nine-year high, Vishnu Varathan, a economist at the Singapore- based research company wrote in a report today. Signals from the central bank that it will tolerate greater currency flexibility will also underpin gains, he said.
Read more at Bloomberg Currencies News
The currency will climb 1.2 percent against the U.S. dollar by April 2008, extending a six-month rally that has pushed it to a nine-year high, Vishnu Varathan, a economist at the Singapore- based research company wrote in a report today. Signals from the central bank that it will tolerate greater currency flexibility will also underpin gains, he said.
Read more at Bloomberg Currencies News
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