Tag Archives: percent
Asian stocks slide further on China growth worries
HONG KONG (AP) ? Asian stock markets slid Tuesday over worries about slower economic growth in China and a possible snag in the deal for Greece to get its bailout money. Japan’s Nikkei 225 index dropped 0.8 percent to 9,619.59 and South Korea’s Kospi shed 1.3 percent to 1,990.90. Hong Kong’s Hang Seng lost 1.5 …
European stocks drop amid worries over Greek deal (AP)
PARIS ? European leaders’ hard line in negotiations with Greek bondholders drove stock markets lower on Tuesday as investors worried that a deal necessary to cut Athens’ mountain of debt might fall through. After 10 hours of talks on Monday, the finance ministers of the countries that use the euro announced that Greece would pay …
Croatia votes “Yes” to joining EU in 2013: early result (Reuters)
ZAGREB (Reuters) ? Croatia voted on Sunday in favor of joining the European Union in 2013, according to preliminary official results of a referendum with 25 percent of votes counted. Sixty-seven percent voted in favor of becoming the bloc’s 28th member, the state electoral commission said, more than two decades after the small Adriatic country …
Microsoft announces Q2 earnings: record $20.89 billion in revenue, $6.62 billion net income
Microsoft has just announced its second quarter earnings, and it’s touting a record $20.89 billion in revenue, up five percent year-over-year. Net income came in at $6.62 billion, which isn’t far off at all from the $6.63 billion it netted in the same quarter a year ago. Breaking things down further, the company’s Business Division …
Slow going, again, on Wall Street (AP)
Stocks drifted higher Monday in a fourth consecutive listless session. Traders waited for Alcoa to report its quarterly financial results so they could look for clues about the economy. Alcoa stock leaped 3 percent, the best performer of the 30 stocks in the Dow Jones industrial average, after falling 2.1 percent Friday. Alcoa was to …
Romney Contends Well Against Obama in Latest Polling (ContributorNetwork)
Fresh off a razor-thin, marginal victory at the Iowa caucus, as recently reported by Associated Press, former Massachusetts Governor Mitt Romney is returning to even friendlier New England territory for the New Hampshire caucus. He owns a home in the state and has his 2008 presidential campaign experience to bring to the table there. But …
US wealth gap between young and old is widest ever (AP)
WASHINGTON ? The wealth gap between younger and older Americans has stretched to the widest on record, worsened by a prolonged economic downturn that has wiped out job opportunities for young adults and saddled them with housing and college debt. The typical U.S. household headed by a person age 65 or older has a net …
Asian Development Bank trims Asia growth forecast
HONG KONG (AP) ? Growing worries about weak demand from key trading partners including the U.S. and Europe prompted the Asian Development Bank to announce Wednesday that it is trimming its forecast for economic growth in developing Asian countries. The ADB said Wednesday it is lowering its 2011 growth forecast slightly to 7.5 percent from …
H&R Block posts 5 percent drop in 4th-qtr profit (AP)
NEW YORK ? H&R Block Inc. on Thursday said its fiscal fourth-quarter profit fell 5 percent, as revenue declined and the company booked charges related to its loss of its refund-backed loan program. The nation’s largest tax preparation company said it earned $658.6 million, or $2.14 per share, in the quarter ended April 30. That …