Sodexho Alliance First-half Sales Up 3.8% To $11 Billion
LONDON — French catering group Sodexho Alliance said Tuesday that sales rose 3.8% to 7.1 000 000 000 euros (USD 11.0 000 000 000) in the first half of its fiscal year. Organic sales growth was 9.2% in the period, the firm said, attributing the growth to market positioning. It’s confident that it will achieve […]
February Auto Sales Dip on Economic Worries
DETROIT — Toyota Motor Corp.’s (TM) U.S. sales slipped 3% in February as sales of its luxury sedans and sport utility vehicles plummeted, while Ford Motor Co.(F) reported a 7% decline in sales and said it will cut shifts at three factories and reduce production by 10% in the second quarter.
February was expected to be […]
The Drinking O’ The Green: Irish Whiskey Popular On American Sod
LONDON — If, as the saying goes, “everybody’s Irish with a quart o’ whiskey in ‘em,” Americans are getting greener by the day.
The Irish whiskey category is on a global tear, growing by leaps and bounds in markets around the world. Perhaps nowhere as quickly as in the U.S., to that the Emerald Isle once […]
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 […]
Financials Fuel a Sell-Off; Dow Tumbles Triple-Digits
Selling has accelerated during the last hour of trading on Wall Street, with the blue-chip index close to 200 points in the red. The market has been pulled down today by the latest bearish economic data and fears about the credit markets.
Today’s Market
As of 3:16 p.m. EST, the Dow Jones Industrial Average fell […]
Eaton Posts Higher First-quarter Profit
NEW YORK — Eaton Corp. said Monday that its first-quarter net income rose 5.6% to USD 247 000 000, or USD 1.64 a share, from USD 234 000 000, or USD 1.56 a share, a year earlier, due in part to sales in international markets. Before acquisition integration charges, operating earnings rose to USD 1.70 […]
Citigroup Casts Shadow Over Wall Street; Dow Tumbles 150
The bears continue to dominate on Wall Street, this time taking the blue-chip index 150 points into the red on more worries about the financial sector, especially Citigroup.
Today’s Market
As of 12:29 p.m. EST, the Dow Jones Industrial Average fell 146.46 points, or 1.20% to 12111.87, the Standard & Poor’s 500 index lost 14.
Auto Stocks Rally Ahead Of Expected Montly Sales Declines
SAN FRANCISCO — General Motors Corp. led a rally in the automotive sector Tuesday, with its shares up more than 4% ahead of what looks to be a dismal crop of monthly U.S. sales tallies due later in the day. Ford Motor Co. saw its stock gain 2.4% while the Japanese manufacturers all added at […]
Existent Home Gross sales Rise 2.9% in February
WASHINGTON — After falling for six straight months, sales of existing homes posted an unexpected increase in February that may have reflected more aggressive price cutting by sellers in some parts of the country, an real estate trade group reported.
The National Association of Realtors said that sales of existing homes rose by 2.
