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General Mills (GIS) Stock Is Falling on Weak Second Quarter Earnings Guidance
2014-11-08 07:42:58| Food - Topix.net
General Mills also lowered its sales guidance for the year ending in May to a low single-digit growth rate, compared with its previous forecasr for growth in the mid single-digits. The company cited the continued weak food industry trends in the U.S., as well as slowing growth in key emerging markets.
Tags: general
stock
quarter
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Toyota Raises FY Profit Forecast By 9 Percent On Weak Yen
2014-11-05 12:13:15| Automakers - Topix.net
Toyota Motor Corp raised its full-year operating profit forecast by 9.1 percent on Wednesday as a sharp decline in the yen against increases the value of repatriated earnings and makes up for lower vehicle sales. The world's biggest automaker now expects operating profit of 2.50 trillion yen for the business year ending March 31, rather than the previously forecast 2.30 trillion yen, thanks partly to a 135 billion yen contribution from foreign exchange gains.
Toyota raises forecast on profit jump, weak yen
2014-11-05 08:08:03| Automakers - Topix.net
Toyota raised its annual earnings forecast after posting a 23 percent jump in July-September profit as a favorable exchange rate added to the momentum of the Japanese automaker's sales growth. Toyota Motor Corp. reported Wednesday a better-than-expected fiscal second quarter profit of 539 billion yen , up from 438 billion yen the same period the previous year.
Brent oil drops below $82 amid weak economic data from China
2014-11-05 01:00:00| Offshore Technology
The price of Brent oil declined below $82 a barrel on Wednesday amid weak economic data from China and an increased worldwide supply glut.
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Japan steelmakers may boost exports on weak home demand, adding to glut
2014-10-31 11:41:20| Steel - Topix.net
Japan's top steelmakers reported higher first-half earnings this week, but slowing demand and bloated stockpiles could push them to sell more overseas, adding to a global glut that has dragged Asian prices to five-year lows. Prime Minister Shinzo Abe's sales tax hike in April has hit economic growth and consumer spending harder than expected, hurting sales in two sectors important for steelmakers, automotive and construction.
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