Philip Chua Business Blog

Posts Tagged ‘newspaper’

THE war of the Reits between MacarthurCook Industrial (MI-Reit) in one corner and Cambridge Industrial Trust (CIT) in the other hit a new level yesterday when both firms called trading halts to make announcements.
Their simmering row has mostly been confined to full-page newspaper advertisements but it has intensified in the run-up to Monday’s key meeting to vote on MI-Reit’s financing plans.
CIT … more

Reuters – Gannett Co Inc, the largest U.S. newspaper publisher, reported a lower quarterly profit that beat market forecasts on Monday because of cost cuts, while revenue fell because of a 28 percent drop in publishing advertising sales.

Cost cutting produced a solidly profitable third quarter for Gannett Co. But the latest results for the country’s largest newspaper publisher show another big decline in ad revenue.

Reuters – Big oil producing nations denied on Tuesday a British newspaper report that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in trading oil.

Where do you see this?
It is an economic catchphrase that has caught on in recent months, and you can see it in economic reports and newspaper articles.
What does this mean?
Rebalancing growth is the process of evening out the savings and spending patterns of consumers across the world. This is in essence to get countries, such as China, that have relied on foreign consumption for growth to brin… more

Reuters – The outcome of the bidding process for GM’s German unit Opel is not a foregone conclusion despite widespread backing for rival bidder Magna, the head of RHJ International said in a newspaper interview.

Reuters – News Corp, which is trying to stem newspaper revenue declines, could charge for access to its news websites by the middle of next year, and might break off its relationship with Amazon.com Inc’s Kindle e-reader if it cannot get better terms.

Reuters – German Foreign Minister Frank-Walter Steinmeier phoned GM’s chief executive to underscore Germany’s expectations for the sale of GM’s Opel unit, a newspaper reported on Saturday.

A newspaper report says Bank of America Corp.’s CEO Ken Lewis is planning to shrink the bank’s 6,100-branch network by about 10 percent.

A British newspaper reported Sunday that a group of eminent economists have apologized to Queen Elizabeth II for failing to predict the financial crisis.