Archive for May 6th, 2008

UPDATE 1-Magna Entertainment fades to first-quarter loss

Tuesday, May 6th, 2008

(Adds details; in U.S. dollars) TORONTO, May 6 (Reuters) - Magna Entertainment Corp(MECa.TO: Quote, Profile, Research), which counts a number of prestigious U.S. horseracing tracks among its holdings, swung to a first-quarter losson Tuesday, hurt partly by a poor performance at ...

Stephen Colbert takes home top Internet award

Tuesday, May 6th, 2008

NEW YORK (Reuters) - Stephen Colbert, whose U.S. presidential campaign was cut short, came out a winner on Tuesday when he walked away with a Webby award as the Internet's "Person of the Year." Other special achievement winners in the 12th annual Webby ...

UPDATE 1-Yahoo shrs up on hope of talks; Microsoft doubtful

Tuesday, May 6th, 2008

(Adds Microsoft executive, share move) By Michele Gershberg and Kate Holton NEW YORK/LONDON, May 6 (Reuters) - Investors in Yahoo Inc(YHOO.O: Quote, Profile, Research) latched onto hopes the company could resume talks withMicrosoft Corp (MSFT.O: Quote, Profile, ...

EU ministers to debate approving GM cotton imports

Tuesday, May 6th, 2008

BRUSSELS, May 6 (Reuters) - European Union farm ministersare likely to debate by mid-July whether to allow imports of agenetically modified strain of cotton to be used as a foodingredient and in animal feed, a document showed on Tuesday. The cotton, ...

UPDATE 1-PG&E quarterly earnings drop 14 percent

Tuesday, May 6th, 2008

(Adds revenue, Reuters Estimates, share activity, changesdateline from NEW YORK) LOS ANGELES, May 6 (Reuters) - California utility PG&E Corp(PCG.N: Quote, Profile, Research) reported a 14 percent drop in quarterly net earnings onTuesday due to expenses from winter storms and a ...

Lottomatica Q1 net profit rises 22 pct

Tuesday, May 6th, 2008

MILAN, May 6 (Reuters) - Lottomatica (LTO.MI: Quote, Profile, Research), the world'slargest lottery operator, on Tuesday said first-quarter netprofit rose 22 percent on higher sales. Net profit before minorities rose to 55 million euros($85.18 million), the Rome-based company said ...

TABLE-Nigerian Zenith 9-month profit soars by 137 pct

Tuesday, May 6th, 2008

LAGOS, May 6 (Reuters) - Results of Nigeria's Zenith BankPlc ZETH.LG for its 9 months to March 31, 2008, as released bythe bank on Tuesday: (In millions naira) ...

Five Ways to Boost Profits

Tuesday, May 6th, 2008

Written by Brad SugarsOne of the biggest mistakes made by start-ups is to confuse making sales with making money. New business owners seem to think that business is about busy-ness -- that is, how many times the cash register rings. They fail to take even simple steps to ensure they ...

Tenet Healthcare Tops Estimates

Tuesday, May 6th, 2008

OKLAHOMA CITY -- Tenet Healthcare's THC vital signs continue to improve, thanks to an uptick in patients who actually pay their bills. The long-suffering hospital chain did swing to a $31 million loss in the first quarter, as litigation costs more than offset operational gains. Excluding special items, however, the ...

Berkshire Hathaway Finance to sell $2 bln notes

Tuesday, May 6th, 2008

NEW YORK, May 6 (Reuters) - Berkshire Hathaway FinanceCorp, a unit of Berkshire Hathaway Inc (BRKa.N: Quote, Profile, Research), is expected tosell $2 billion of notes in a two-part transaction on Tuesday,according to International Financing Review. The top-rated Berkshire is expected ...