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Thursday, January 29, 2015
American Airlines Q4 profit up on cheap fuel
American Airlines is logging record profits and rewarding shareholders just one year removed from bankruptcy court and a big merger.
A pick-up in core consumer prices in Australia has reduced the likelihood of a near-term interest rate cut, even as official statistics showed Wednesday that plunging oil prices slowed inflation in the last three months of 2014.
Yahoo is spinning off its stake in Chinese Internet giant Alibaba, splitting off the valuable holdings in a move that sidesteps taxes.
Japanese videogame giant Nintendo said Wednesday its April-December net profit soared six-fold to US$504 million as a sharply weaker yen boosted its bottom line and helped offset slowing sales of its 3DS system.
Japan's Canon said Wednesday that net profit grew 10.5 percent in 2014 owing to the impact of a weak yen and cost cuts as well as strong demand for its office equipment.
A steel plant making precision tubing in Brazil's Sao Paulo state closed its doors and laid off 770 workers, who are demanding unpaid wages, union sources said Tuesday.
Pfizer Inc.'s fourth-quarter profit fell by half as worsening generic competition and unfavorable currency rates reduced sales, and higher research spending and legal costs also hurt the bottom line.
Global stocks drifted Wednesday after weak earnings from several U.S. companies added to global growth concerns as investors waited for the U.S. Federal Reserve's latest statement on monetary policy.
The dollar recovered on Wednesday after taking a hit in New York in response to weak U.S. economic data and a string of poor earnings reports, while traders look ahead to a U.S. Federal Reserve policy meeting later in the day.
Oil prices fell in Asia Wednesday as dealers await the outcome of a U.S. Federal Reserve meeting and the release of a U.S. supply report expected to show a surge in crude stockpiles, analysts said.
  
  
  
  
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