Monthly Archives: July, 2011
Cost of Fuel Hurts Profit at the U.S. Air and United
United Continental Holdings and U.S. Airways Group posted weaker earnings on Thursday, hit by higher fuel costs amid a gloomy outlook for travel demand. The results for the two airlines topped Wall Street expectations, but the surprises were not enough perceived weakness among analysts, which they attributed to increased fuel prices to compensate. “Revenues are [...]
Caterpillar confronted with high profit expectations
Caterpillar Inc. is facing high expectations on Wall Street now that the company closed on a $ 8.8 billion gain and a fall in commodity prices has stopped. The Peoria, Illinois-based manufacturer of bulldozers, dump trucks and excavators reports second quarter financial results early Friday. The stock, widespread among investors, is part of the Dow [...]
Another scam from the bag: R 750 crore transferred by defense Tatra trucks
Bangalore: Top officials of BEML Limited, a Bangalore based company, and the Ministry of Defence have moved at least Rs 750 crore in bribes and commissions of the past 14 years in the purchase of components for Tatra trucks, backbone of the artillery of the army and transport wings. The Indian Army uses Tatras all-terrain [...]
Gold Price relaxation on Solvency Potential Solution
The gold price showed a modest sensitivity to mixed news flow confirms positive quarterly earnings reports and U.S. stocks improvements coupled with some hope for the resolution or delaying the U.S. solvency issues. Currently trading in the range of $ 1,589 per troy ounce, the price dropped slightly following levels as high as $ 1,605 [...]
Have gold? Now’s the time to sell
If you have any gold sitting around now might be the time to sell. Gold prices have hit an all-time high. Gold is currently sitting at about $1600 per ounce. This means gold is more expensive to buy. So now is a good time to cash in. “Totals looking to be about four hundred eighty [...]
Gold may climb in the U.S., European debt concerns, survey shows
Gold may extend its climb to a record as guilt in the U.S. and Europe boost demand for the metal as a protection of wealth, a survey found. Sixteen of the 32 traders, investors and analysts polled by Bloomberg, or 50 percent, said precious metal will rise next week. Nine predicted lower prices and seven [...]
