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CORRECTED-Panasonic sees profit rising 55 pct in shift from consumer gadgets
Reuters(Corrects headline, first two paragraphs to state operating profit will rise 55 percent to 250 bln yen, not more than triple to 160.9 bln yen) TOKYO, May 10 (Reuters) - Panasonic Corp forecast its operating profit will rise 55 percent in the year to...Tags: Foreign Exchange Market, Sales, Business, Consumers, Companies and Corporations
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BT, Arcelor lead European shares to fresh peaks
Reuters* FTSEurofirst 300 up 0.5 pct, hits fresh 5-yr highs * ArcelorMittal, BT, Generali results beat expectations * Yen weakness seen hurting some exporters By Toni Vorobyova LONDON, May 10 (Reuters) - European equities scaled fresh five-year highs on...Tags: Foreign Exchange Market, Weather, Companies and Corporations, Economy, Business and Finance, Exports
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Toronto Stock Exchange operator TMX posts profit, revenue rises
ReutersMay 10 (Reuters) - TMX Group Ltd, operator of the Toronto Stock Exchange (TSX), reported a net profit for the first quarter, compared with a loss a year earlier, and said revenue rose 6 percent. Net income attributable to TMX Group shareholders was C$37....Tags: Financial Markets, Toronto Stock Exchange, Stock Market
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US STOCKS-Futures edge up, indexes on track for strong week
Reuters* Indexes on track for third straight week of gains * Boeing may be able to boost Q4 deliveries of 787s * Priceline profit beats expectations, but outlook weak * Futures up: Dow 64 pts, S&P 3.8 pts, Nasdaq 6 pts By Ryan Vlastelica NEW YORK, May 10...Tags: Credit Ratings, Boeing Co., Auto Trends, priceline.com Inc., S&P 500
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RPT-ANALYSIS-Collapse in Brent-WTI oil spread spooks refiners, railways
Reuters* Brent-WTI narrows to less than $8/bbl from above $20 in Feb * Refiners, railways, make big profits from the arbitrage trade * Bakken producers may need to discount their crude * Continental Resources expects lower rail fees By David Sheppard NEW...Tags: Marketing, Railway Industry, Railway Transportation, Companies and Corporations, Conservation
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GLOBAL MARKETS-Yen slumps to 4-1/2-year low, bonds fall
Reuters* Yen slides to 101.62 against dollar * Upbeat U.S. data, Japanese bond buys drive move * German Bunds fall as safe-haven demand dented * European shares hit five-year highs By Herbert Lash NEW YORK, May 10 (Reuters) - The yen on Friday slid to its...Tags: Foreign Exchange Market, Car Safety Tips and Advice, S&P 500, China, Stock Market
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GLOBAL MARKETS-Yen slumps to 4-1/2-year low, oil tumbles
Reuters* Yen slides to 101.62 against dollar * Upbeat U.S. data, Japanese bond buys drive move * German Bunds fall as safe-haven demand dented * European shares hit five-year highs By Herbert Lash NEW YORK, May 10 (Reuters) - The yen on Friday slid to its...Tags: Foreign Exchange Market, Car Safety Tips and Advice, S&P 500, China, Stock Market
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As U.S. earnings estimates rise and fall, a guess may be best
ReutersBy Caroline Valetkevitch NEW YORK, May 10 (Reuters) - Following U.S. analysts' earnings estimates can make for a dizzying game, as forecasts for distant quarters routinely start out high, steadily fall, and then, once earnings season actually arrives,...Tags: S&P 500, Quarterly or Semiannual Financial Statements, Companies and Corporations, Stock Market, Thomson Corporation
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Novartis, BT push European shares to fresh 5-yr peak
ReutersLONDON, May 10 (Reuters) - European shares scaled fresh five-year highs on Friday, led by healthcare group Novartis and telecoms firm BT on positive corporate news, and traders said key indexes had scope for more gains. The pan-European FTSEurofirst...Tags: Germany, Novartis AG
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Hitachi forecasts 18.5 pct rise in full-year profit, in line with estimates
ReutersTOKYO, May 10 (Reuters) - Hitachi Ltd forecast an 18.5 percent jump in operating profit for this fiscal year, in line with expectations, as the electronics conglomerate reaps the benefits of a weaker yen while projecting a pickup in economic recovery both...Tags: Foreign Exchange Market, Toshiba Corporation, Tokyo (Japan), Weather, Japan
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Panasonic sees profit more than tripling in shift from consumer gadgets
ReutersTOKYO, May 10 (Reuters) - Panasonic Corp forecast its operating profit will more than triple in the year to March 31 as it steps back from struggling operations in TVs and other consumer gadgets in favour of selling machinery, components and electronic...Tags: Foreign Exchange Market, Sales, Business, Consumers, Companies and Corporations
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Nikkei soars to a 5-1/2 year high as dollar sails past 100 yen
ReutersTOKYO (Reuters) - Japanese shares climbed to a 5-1/2 year high on Friday as the U.S. dollar broke through the elusive 100-yen mark and extended its gains, with exporters and financials leading the charge on prospects of enhanced corporate earnings. The...Tags: Foreign Exchange Market, Suzuki Motor Corp., Toyota Motor Corp., Tokyo Stock Exchange, Petroleum Industry
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