Hertz buying Dollar Thrifty for $1.2 billion

Published in April 27th, 2010

Posted by webmaster in US Markets, World Economy

Hertz is buying Dollar Thrifty in a $1.2 billion deal that combines two of the most prominent players in the car rental business. Hertz Global Holdings (HTZ, Fortune 500) said late Sunday that it has agreed to buy its rival for $41 a share in cash and stock. The $41 a share purchase price represents [...]

Deutsche Bank 1Q Net Profit Increases 49% On CIB

Published in April 27th, 2010

Posted by webmaster in US Markets, World Economy

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Germany’s Deutsche Bank AG (DB) Tuesday said net profit increased 49% in the first quarter on record quarterly pretax profits in its corporate and investment banking segment and fewer write-downs overall. “Deutsche Bank has once again demonstrated its earnings power,” Chief Executive Officer Josef Ackermann said.

BP profits double on oil price rises

Published in April 27th, 2010

Posted by webmaster in US Markets, World Economy

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Profits at oil giant BP have more than doubled from a year ago on the back of rising oil prices. Replacement cost profit for January to March was $5.6bn (£3.6bn), compared with $2.4bn for the first quarter of 2009 – a 135% rise.

US newspapers still losing readers

Published in April 27th, 2010

Posted by webmaster in US Markets, World Economy

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US newspapers Circulation continues to drop. The latest Audit Bureau of Circulations figures show that average daily circulation fell 8.7% in the six months ended March 31, compared with the same period a year earlier. One positive note: it is not as steep a decline as the 10.6% drop in the last reporting period, which [...]