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Ab InBev profit jumps; strong dollar weighs

2015-05-06 10:38:10| Beverages - Topix.net

Anheuser Busch InBev NV said on Wednesday that a derivatives gain pushed up its net profit sharply in the first quarter, helping offset weak U.S. demand for the group's beers and the impact of a strong dollar on revenue from the rest of its global beer empire. AB InBev, the world's largest brewer, said net profit jumped to $2.68 billion in the three months to end-March from $1.37 billion in the same period a year ago.

Tags: strong profit dollar jumps

 

U.S. stocks drift lower after 2-day run; oil jumps

2015-05-06 06:49:47| Oil & Gas - Topix.net

New York a The U.S. stock market sank Tuesday, taking a break after a two-day run. Chevron and other oil giants fared better than the rest of the market as crude oil climbed above $60 a barrel for the first time this year.

Tags: run lower oil stocks

 
 

US indexes drift lower, ending a two-day advance; oil jumps

2015-05-06 00:47:05| Real Estate - Topix.net

Vornado Realty Trust slumped 4 percent Tuesday after reporting results that fell short of analysts' forecasts. Estee Lauder jumped 4 percent after its results beat estimates.

Tags: lower advance oil ending

 

Samsung jumps ahead of Apple again by volume in smartphone sales

2015-05-02 20:13:19| Telecom - Topix.net

Samsung will continue to offer up some stiff competition for Apple for the foreseeable future. The Korean smartphone company shipped more than 80 million phones in the first quarter, while Apple's shipments totaled 61 million, according to numbers out from Strategy Analytics.

Tags: sales volume samsung apple

 

United Airlines' first-quarter profit jumps, but watch out - other changes are coming

2015-04-24 15:50:15| Airlines - Topix.net

That distinctive used-airplane smell could become much more familiar to United Airlines passengers in years to come as the Chicago-based carrier revealed a major change in fleet plans today. That was just one bit of news buried in United Airlines' 14-page report on its 2015 first quarter financials , which included a record first-quarter profit of $582 million, a major turnaround from the $609 million loss a year ago.

Tags: united changes coming watch

 

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