Posted by Reuters: Business News on June 23, 2010
SHANGHAI (Reuters) – China’s yuan inched higher on Wednesday, settling down after the biggest swings since 2005 and driving home the message that Beijing’s promise of currency flexibility will not produce the rapid gains its trading partners would like.
Posted by Reuters: Business News on February 23, 2010
CHICAGO (Reuters) – Macy’s Inc posted better-than-expected quarterly profit on Tuesday and forecast same-store sales growth this year of 1 percent to 2 percent.
Posted by Reuters: Business News on February 5, 2010
CHICAGO (Reuters) – U.S. meat producer Tyson Foods Inc on Friday reported a larger-than-expected first quarter profit, helped by operating efficiencies for beef and pork and lower grain costs for its chickens.
Posted by Reuters: Business News on October 16, 2009
CHARLOTTE, North Carolina (Reuters) – Bank of America Corp posted a $1 billion third-quarter loss as consumer credit woes eclipsed investment banking earnings, underlining why the bank remains on a government respirator and sending its shares down 4.2 percent.
Posted by Reuters: Business News on October 15, 2009
HELSINKI (Reuters) – The world’s top cell phone maker Nokia surprised investors by taking a major writedown at its struggling networks unit and revealing a fall in its smartphone sales from the previous quarter.
