Seeks Flexibility on Operations, Delivery; Possible 2011 Price Increase
Facing unprecedented volume declines and a projected, cumulative $238 billion shortfall during the next decade, Postmaster General John E. Potter today outlined an aggressive plan of cost cutting, increased productivity, and an array of legislative and regulatory changes necessary to maintain a viable United States Postal [...]
BNC Bancorp announced financial results of the fourth quarter and year ended December 31, 2009. For the fourth quarter, net income available to common shareholders totaled $1.29 million, or $0.18 per diluted common share, an increase of 167% compared to net income available to common shareholders of $483,000, or $0.07 per diluted common share, for [...]
Leading construction brand records fifth consecutive year of sales growth in the U.S.-
LEGO Systems, Inc. announced unprecedented growth in the U.S. market in 2009. Brand momentum achieved in a challenging 2009 economy is attributed to the brand’s heritage in delivering exceptional, long-lasting play value through a well-balanced product portfolio that drove growth in both the [...]
February Figures Could Be Affected by East Coast Blizzard
Monthly retail sales figures released by the Department of Commerce showed broad gains in January over the previous month. Retail sales are up considerably over the past year, adding to the mounting evidence that the economy is growing and recovery is underway, noted the Retail Industry [...]
All-Time Highest Revenue and Profit New Accounting Standards Adopted
Apple® announced financial results for its fiscal 2010 first quarter ended December 26, 2009. The Company posted revenue of $15.68 billion and a net quarterly profit of $3.38 billion, or $3.67 per diluted share. These results compare to revenue of $11.88 billion and net quarterly profit of [...]
by an Increase of 4% Compared to Last Year, and with a 6767 Million Riyals Profit
Mr. Abdullah Bin Sulaiman Al Rajhi, Managing Director and Chief Executive Officer of Al Rajhi Bank announced that the bank has achieved a net profit for 2009 amounted to 6,767 million riyals compared to 6,525 million riyals in 2008 with [...]
Two-thirds of retailers see profits decline in fiscal 08 Food retailers most resilient, while fashion and electronics see biggest fall
Despite one of the sharpest economic contractions in decades, the world’s largest retailers were able to increase sales by 5.5% in fiscal year 2008 (encompasses fiscal years ended through June 2009), with total retail sales equaling [...]
Cooperative Now Exceeds 1 Billion in Annual Transactions
Despite the recession and turmoil in the financial markets, PSCU Financial Services posted 31% growth in processing net income and 9% growth in processing revenue for 2009. The nation’s largest credit union service organization also reached 1.1 billion in credit and debit card transactions for the first time [...]
2009 Dividend Payment Expected to Post 21.4% Decline
Standard & Poor’s, the world’s leading index provider, announced today that it expects the 2009 dividend payment for the S&P 500 to end the year at $22.31, a 21.4% decline from the $28.39 paid in 2008. The decline equates to an aggregate payment of $195.3 billion, compared to [...]
Cyber Monday, the first Monday in December, signals the busiest online shopping day of the year, as shoppers who see goods on the high street over the weekend use their office high-speed connections to place orders online once they return to work. Online shoppers are expected to spend between 350M to 400M GBP on Christmas [...]