Philip Chua Business Blog

Posts Tagged ‘second quarter’

J.M. Smucker Co.’s acquisition of Folgers Coffee Co. continues to pay off for the jam maker, helping to more than double its fiscal second-quarter profit, as consumers continue to turn to the company’s well-known brands and eat at home more during the recession.

J.M. Smucker Co – Folgers – Beverages – Business – Food

SINGAPORE’S life insurance industry marked a second consecutive quarter of recovery with $426 million of total weighted new business premiums in the third quarter, placing the industry near levels before the global recession.
While this is a tad lower than the weighted new business premiums of $444.8 million in the third quarter of last year, it is a jump of 40 per cent from the second quarter and… more

This week’s busy schedule of economic reports brought mostly good news, even if it did end on a somewhat disappointing note. Several of the more leading indicators of economic growth posted strong gains, suggesting that the recovery process is well underway. We still suspect that the second quarter shutdown and…

Global wages fell in the United States and some other wealthy nations in the second quarter of the year, raising questions about whether workers are sharing in any economic recovery.

THE Singapore economy has staged a stunning recovery since the second quarter and economists are unanimous that it will continue into 2010. The STI has jumped 86 per cent from its low on March 9 and the property market has turned frothy.
Yet, Finance Minister Tharman Shanmugaratnam announced in Parliament on Monday that he will present another big-spending budget next year, on the heels of the ext… more

Delinquency rates for three key consumer loan categories hit record highs in the second quarter, according to data released Thursday by the American Bankers Association.

ELECTRICITY charges will go up by 12.5 per cent from tomorrow on the back of higher fuel prices, utility provider SP Services said yesterday.
Electricity will cost households 21.69 cents per kilowatt hour (kwh), up from the current 19.28 cents.
This is the second quarter in a row that tariffs, which are revised every quarter, are going up.
Families in three-room HDB flats will pay on average about… more

The economy shrank less than expected in the second quarter as businesses and consumers trimmed their spending at a slower pace, buttressing beliefs that the economy is now growing.

Reuters – The number of home foreclosures in process and delinquent mortgages rose during the second quarter, while home retention actions also increased, U.S. bank regulators said on Wednesday.

Reuters – The U.S. economy contracted in the second quarter at a slower pace than previously thought, while a surprise slide in manufacturing activity in the country’s Midwest region in September pointed to a patchy recovery from recession.