BAE confirms executives were detained in U.S.
LONDON, England (AP) — BAE Systems confirmed Monday that chief executive Mike Turner and non-executive director Nigel Rudd were briefly detained by U.S. officials when they landed in the United States on business last week.
BAE signed USD 39.1 000 000 000 deal for 72 Typhoon Eurofighters with Saudi Arabia in September.
Comstock Slips After Going-concern Warning
BOSTON — Shares of Comstock Homebuilding Cos. were off more than 18% Tuesday after the company said its independent auditor, PricewaterhouseCoopers, indicated its belief that “declining market conditions and the significant amount of the company’s debt that matures in 2008 creates substantial doubt that the company would continue operating as a going concern.
CORRECT: Sodexo’s First-half Profit Rose 10%
LONDON — Sodexo , the world’s largest catering company, on Thursday said first-half profit rose 10% to 219 000 000 euros(USD 349 000 000) from 198 000 000 euros in the year-ealier period. Sales rose 3.8% to 7.08 000 000 000 euros. Excluding currency fluctuations, sales climbed 9.6%. The company confirmed its outlook for the […]
Lam Research Files 10-K, Adjusts Reports, Sees Expenses
TEL AVIV — Lam Research Corp., the Fremont, Calif., provider of chip-fabrication equipment and services, said that it filed its fiscal 2007 Form 10-K annual report with the Securities and Exchange Commission and should be up to date with its filings. Lam said in an statement late on Monday that it expects to report cash […]
Tech Problems Knock Out Netflix Site
LOS GATOS, Calif. Online DVD rental leader Netflix Inc. suffered an technology breakdown that knocked out its Web site for about 11 hours Monday, inconveniencing its 7.5 000 000 subscribers.
The outage could mean some customers will have to wait longer than usual for their next rentals.
The trouble blocked access to Netflix’s Web site about from […]
Last-ditch move to save Bear Stearns
NEW YORK (AP) Bear Stearns, one of Wall Street’s venerable investment banks, received a bailout Friday by the federal government and JPMorgan Chase in a surprise, last-ditch effort to save the 86-year old institution.
Rumours persisted throughout the week that the bank was facing major liquidity problems.
Syngenta Sees Full-year Adjusted Profit Up More Than 20%
TEL AVIV — Syngenta AG, the Basel agribusiness company, said it expects full-year adjusted net income per share e to grow more than 20%. That’s based on its estimate that first-quarter sales growth was stronger than it expected and at constant exchange rates rose 20% from the year-earlier quarter. The company said it does not […]
Vinery Nat’l Complemental 10-K; Reviews Loan-loss Militia
TEL AVIV — Vineyard National Bancorp, the Corona, Calif., financial-services-holding company, said it is finalizing its 2007 annual report on Securities and Exchange Commission Form 10-K. It had been delayed as the board’s audit committee reviewed what the company called violations of its policies on security and other matters regarding its information technology.
Cheung Kong’s 2007 Net Income Jumps 53% To USD 3.6 Billion
HONG KONG — Cheung Kong (Holdings) [s; cheuy] , the property flagship of Hong Kong billionaire Li Ka-shing, said Thursday 2007 net income climbed 53% on improved earnings from real estate and affiliate Hutchison Whampoa Ltd. Net profit for the 12-months ended Dec. 31 totaled HKUSD 27.7 000 000 000 (USD 3.6 000 000 000) […]
WaMu Shareowners Return 12 Board Managers
SAN FRANCISCO — Shareholders of Washington Mutual re-elected 12 incumbent directors to the board at the company’s annual meeting, the Seattle-based thrift said Wednesday. The company also noted that although there have been suggestions to exclude certain shareholder votes in the director elections, the company will honor all votes.
