PPM Blog
Japanese stocks open lower, with banks weak
LOS ANGELES (MarketWatch) — Japanese stocks traded lower early Thursday, with banks retreating in line with their U.S. peers after a raft of weak euro-zone data. The Nikkei Stock Average lost 0.2% to 9,535.12, while the Topix moved 0.3% lower. [...]
Latin American Markets: Mexican stocks avert losses after downbeat data
Mexican stocks narrowly escape losses, while Brazilian equities drop and Argentina shares climb as trading resumes after a two-session break for Carnival. Read More
BHP to suspend Tasmania manganese-alloy facility
– Tasmania manganese alloy production facility to be temporarily suspended — BHP plans to review the future of the business over three months — Use of contract partners will be reduced (Adds detail on suspension in 1st, 3rd-5th paragraphs, background [...]
Deutsche Telekom sees profit down further in 2012
BONN, Germany (MarketWatch) — Deutsche Telekom AG (DTE.XE) said Thursday it expects operating profit to drop further this year after reporting more customer losses in the U.S. and as the tough economy in many parts of Europe continues to hurt [...]
Virgin Australia doubles profit amid Qantas strike
–Net profit jumps to A$51.8 million –Underlying profit beats expectations, shares jump 8.2% –CEO says new strategy reaping benefits, more to come (Recasts lead paragraph to include new strategy, adds comments from CEO interview throughout) Virgin Australia Ltd. VAH.AU Thursday [...]
Gannett seeks to charge more for content
–Gannett expects annual revenue growth of up to 4% over next four years –Plans to raise newspaper prices, charge customers for online access –Raises quarterly dividend to 20 cents from 8 cents (Adds detail on USA Today in third paragraph [...]
New J&J CEO lauded as smart and tested
Johnson & Johnson’s (JNJ) incoming CEO is viewed as having the experience and skills to lead the company out of a difficult period, but he’s unlikely to change J&J’s basic strategy of fielding a diverse lineup of health-care businesses. Read [...]
Chile’s LAN cuts rates on South American routes
Chile’s LAN Airlines (LFL, LAN.SN) cut fares on its Chile-South America routes by as much as 40%, the company said Wednesday. For years, LAN has used what is known as the low-cost carrier model on its domestic flights, which has [...]
Currencies: Dollar rises, hits seven-month high vs. yen
The U.S. dollar gains most notably on Japan’s yen and the British pound, leaving analysts pointing to a confluence of factors weighing on Japan’s currency, though sterling’s losses may be limited. Read More
Personal Finance Daily: Who are you voting for? Don’t tell co-workers
Whatever your political views, you might want to hold your peace at work. Read that story, plus get the latest real-estate news, including a Q&A for mortgage borrowers on the foreclosure settlement and data reports that seem to point to [...]