Tag Archive | "fourth quarter"

Japan's economy contracts slightly

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TOKYO – Japan’s economy shrank less than first estimated in the final quarter of last year amid an increase in business investment as reconstruction from the March 2011 disasters picked up. The Cabinet Office said Thursday that the economy shrank an annualized 0.7 percent in the fourth quarter compared with its initial estimate of a [...]

Telefonica Q4 profit up on Latin American markets

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MADRID – Spanish telephone company Telefonica says its net profit doubled in the last quarter due to strong growth in Latin America. The company says net profit was 2.67 billion euros ($3.55 billion) in the fourth quarter, up from 1.33 billion euros for the same period last year. It says net profit was 5.4 billion [...]

German economy slips into reverse

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BERLIN – Germany’s Federal Statistical Office says the country’s economy shrank in the last quarter of 2011, with gross domestic product falling 0.2 percent according to adjusted figures. The drop in Europe’s largest economy was slightly less than the 0.25 percent that had been expected, and the Statistical Office said Wednesday that the economy grew [...]

Europe set for negative economic data

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LONDON – A run of downbeat economic news has reinforced market expectations that the 17-nation eurozone’s economy shrank during the last three months of 2011. Analysts say the eurozone economy probably contracted by around 0.4 percent in the final three months of 2011 after growing only 0.1 percent in the third quarter. The first estimate [...]

Inflation drops in fourth quarter in the UK

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LONDON – Official figures show Britain’s inflation rate fell 3.6 percent in the year to January from 4.2 percent a month ago, but is still running above Bank of England’s target. The figure, published by the Office for National Statistics Tuesday, was in line with expectations and puts inflation below 4 percent for the first [...]

NYSE profits slump in fourth quarter

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PARIS – NYSE Euronext says costs related to its collapsed merger with German stock market Deutsche Boerse caused a slump in fourth quarter earnings. The owner of the New York Stock Exchange, the Paris stock exchange and other operations reported net income of $110 million, or $0.43 per share, for the three months ended Dec. [...]

UBS earnings drop in fourth quarter

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GENEVA – Switzerland’s biggest bank UBS AG reported Tuesday a bigger-than-expected 76 percent drop in net profits during the fourth quarter of 2011, a sign of continued struggles linked to its $2 billion rogue trading scandal and economic weakness in Europe and abroad. Profits at the Zurich-based bank fell to 393 million Swiss francs ($425 [...]

BP raises dividend

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LONDON – BP PLC has raised its last 2011 quarter dividend to 14 percent. The gains were estimated at $7.69 billion, up 38 percent from the $5.57 billion posted a year earlier. Revenue was up 15 percent at $96.3 billion. BP said Tuesday that it expects to complete payments to the Gulf of Mexico Trust [...]

Deutsche Bank net profit drops sharply

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FRANKFURT, Germany – Germany’s Deutsche Bank saw net profit fall 69 percent to 186 million euros ($245.06 million) in the fourth quarter as the eurozone debt crisis hurt its businesses in investment banking and trading stocks and bonds. Net profit fell far short of analyst estimates compiled by FactSet of 492.5 million euros, and compares [...]

Nokia posts fourth quarter net loss

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HELSINKI – Mobile phone maker Nokia Corp. on Thursday posted a fourth-quarter net loss of 1.07 billion euros ($1.38 billion) as sales slumped 21 percent even as the company’s first Windows smartphones hit markets in Europe and Asia. The loss compares with a profit of 745 million euros in the same period a year earlier. [...]

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