Shares in Danish drugs firm Lundbeck fell to their lowest level in over 12 years on Wednesday after it cut its profits forecast for the next two years as European sales slow and spending on new products rise to combat generic competition.The company has already warned that earnings would stall until 2015 due to cheap generic competition for its existing drugs, meaning new products will be vital...
New Mauritius Hotels posts 25 pct drop in full-year profit
Labels: BusinessLuxury hotels group New Mauritius Hotels (NMH) reported a 25 percent fall in full-year pretax profit, citing higher finance costs and fewer tourists, and forecast a 15 percent drop in first-quarter earnings.Ranked among the Indian Ocean island's most-traded stocks, NMH said on Wednesday that pretax profit for the year to September 30 fell to 603 million Indian rupees, with earnings per share down...
FedEx: cost plan can counter sluggish growth
Labels: BusinessFedEx is more pessimistic about the U.S. economy than it was three months ago, but more assured of its own ability to grow earnings.The world's second-largest package delivery company lowered its economic forecast for the U.S., saying that there remains a lot of uncertainty for the company and the country.Its forecast for the current quarter, which incorporates the critical holiday season, falls short...
FedEx says it can grow by cutting costs
Labels: Business FedEx may be pessimistic about the U.S. economy, but it's confident about growing its earnings.The world's second-largest package delivery company, a bellwether for economic health because of the vast number and kinds of shipments it handles, lowered its economic forecast for the U.S., saying there remains a lot of uncertainty for the country.FedEx maintained its earnings forecast for the full...
Burundi tea earnings rise 27 pct in November on high prices
Labels: Business Burundi's tea export revenues rose 27 percent in November from the same month last year thanks to a stronger regional market, a tea board official said on Thursday.The state-run tea board (OTB) said it collected $1.80 million from the sale of 589,907 kg, up from $1.42 million earned in November 2011 from the export of 563,140 kg."Supplies of the commodity in the region were low following a fall...
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25
Ryan says Tebow would have done wildcat if asked
Labels: SportsTim Tebow would have done whatever Rex Ryan asked — if the New York Jets coach had asked him.Ryan acknowledged Monday that Tebow wasn't happy when the coach chose Greg McElroy to start for the benched Mark Sanchez, but insisted Tebow was willing to play in any role Sunday against San Diego — including the wildcat."He was disappointed, there's no question," Ryan said Monday. "He was disappointed that...
Column: Seattle isn't just sleepless, it's loud!
Labels: SportsThat dull roar still rumbling between your ears a day later is not your imagination.It's the echo from the 49ers-Seahawks game Sunday night, when an already notoriously loud hometown crowd outdid itself. How?Start with CenturyLink Field, a U-shaped stadium with cantilevered roofs extending over most of the 67,000 seats in the grandstands, a configuration designed to bounce back sound. Then throw in...
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