Jan 31, 2010 7:11 AM ET
Revenues fell 39% to $7.9 billion & net profit fell 65% to $232 million or 36 cents per diluted share. Machinery and Engines operating cash flow was about 3 billion in 2009. Redundancy costs should be favorable compared with 2009. While redundancy costs were $706 million in 2009.
Jan 31, 2010 7:09 AM ET
Revenues fell 11% to €17.4 billion & net profit rose 23% to €1.48 billion or €1.68 a share. Strong profitability & further progress in working capital management drove operating cash flow to €1.1 billion. Important regions like China and India showed 8% and 15% organic revenue growth year-on-year.
Jan 31, 2010 7:04 AM ET
Sales fell 10.3% to $3.13 billion and net income rose 29.4% to $211 million or $1.25 a share. Strong continued margins in this business, 15.2% in the quarter. Operating EPS declined by 62%. This is compared to 2008. Then the change in operating EPS came down by some 72%.
Jan 30, 2010 2:18 AM ET
Revenues fell 5.2% to $238.5 million and net income was $15.3 million or 24 cents per diluted share. Gross margin increased 180 basis points to 41.8% compared with 40% in the prior-year period. Cash and investments position was $46.4 million compared with $51 million a year ago.
Jan 31, 2010 11:09 PM ET
The largest railroad operator in North America reported a 12% drop in revenue to $3.75 billion and a 16.6% drop in net income to $551 million due to recession which was offset to some extent by lower expenses. Earnings per share came in at $1.08 as against $1.31 in the prior year period.
Jan 29, 2010 5:20 PM ET
Stocks in New York and Asia declined but indexes in Europe closed higher. Tech stocks led the decliners on the weaker than expected prospects of earnings growth. U.S. consumer confidence declined and the dollar edged higher.
Jan 29, 2010 4:57 PM ET
Stocks in Australia closed lower after a weakness in metals prices. Investors also worried that weak job market in the U.S. will forestall global economic recovery. More home owners struggle to pay mortgages as Australian home prices surge. New Zealand budget deficit increases.
Jan 29, 2010 4:10 PM ET
Stocks in Japan declined on the worries that earnings at chip companies will be lower. Toyota also halted sales in North America of eight models and recalled as many as 1.8 million cars in Europe. Advantest Corporation led the decliners in the Nikkei 225 Stock Average with a loss of 10.2%.
Jan 29, 2010 3:38 PM ET
European markets indexes closed higher. Greek bonds rebounded. Spain estimated 2009 deficit of 11.4% and said it will be trimmed to 3% by 2013. Spain also increased retirement age to 67 from 65. Bulgari SpA fourth quarter revenue falls 5% to €297 million. Infineon Technologies swings to profit.
Jan 29, 2010 3:20 PM ET
UK home prices in January edged up 1.2% and are now only 12% lower than their peak in October 2007. Consumer confidence index edged higher in January after dropping for three months in a row. Connaught Plc plunged 11% after its chief executive stepped down.