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Oils Big Five Squeezed by Crude Drop as Spending Soars: Energy
2013-04-24 18:26:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: The biggest oil companies are failing to increase earnings as crude trades near a nine-month low, production wanes and costs rise. For only the second time since 2009, Royal Dutch Shell Plc, Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), BP Plc (BP/) and Total SA (FP) will all report lower quarterly profit when they announce earnings in the coming week, analysts estimates show. The group, which is investing a record $155 billion this year to bolster output, is disappointing investors: the companies...
Tags: big
energy
drop
spending
Daimler Lowers Profit Forecast After First-Quarter Drop
2013-04-24 17:34:53| Automakers - Topix.net
Daimler AG , the world's third- largest maker of luxury vehicles, cut its 2013 profit forecast after first-quarter earnings tumbled more than analysts expected, burdened by weaker Mercedes-Benz sales in China.
Tags: drop
profit
forecast
lowers
Low inventory blamed for home-sales drop
2013-04-24 11:51:11| Real Estate - Topix.net
Sales of single-family homes in Massachusetts dropped by more than 3 percent in March when compared to the year-ago month because of a shortage of houses on the market.
Tags: low
drop
inventory
blamed
UPDATE 2-Paper firm Stora Enso cuts costs to combat demand drop
2013-04-24 06:59:05| Paper - Topix.net
Finnish paper maker Stora Enso on Tuesday revealed plans to save 200 million euros a year, taking more radical action than in the past to cope with falling paper demand due to a shift in the print media to online publishing.
Wall Street rallies after recovery from Twitter-driven drop
2013-04-24 00:17:18| IT Services - Topix.net
Stocks climbed on Tuesday in a broad rally, recovering from sharp declines sparked by a "bogus" Associated Press tweet about explosions at the White House .
Tags: street
wall
drop
recovery
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