North American Earnings

EQUITY UPDATE: 28 JULY 2012

ASIA China is considering shutting down operations of co.’s which are nearing bankruptcies in an attempt to increase competitiveness and transform the automotive sector. The industry is faced by overcapacity and the government plans to overhaul the industry. (China Daily)… Read More ›

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EQUITY UPDATE: 27 JULY 2012

ASIA Nomura Holdings Inc – Co. named Koji Nagai as their new CEO after the insider trading charges faced by the co. saw former CEO Kenichi Watanabe’s resignation today. His lieutenant Takumi Shibata also resigned as part of the shake-up…. Read More ›

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NORTH AMERICAN EARNINGS

NORTH AMERICAN EARNINGS ConocoPhillips – Co. reported 2Q12 profit at USD 2.27b vs. previous USD 3.4b. EPS at USD 1.80 per share vs. previous USD 2.41. Revenue at USD 15.7b vs. estimated USD 9.06b. EPS excluding items at USD 1.22… Read More ›

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US EARNINGS: UPS

NORTH AMERICAN EARNINGS UPS – Freight and packaging delivery firm lowered its FY2012 profit forecast on slowing US economy as it posted lower than expected 2Q12 results. Co. lowered its EPS for FY12 to USD 4.5 – 4.7 a share,… Read More ›

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