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Abbott Labs 1Q Profit Falls 19 Percent

Wed, 18 Apr 2007 00:52:00 +0000 | Newsvine

Medical device maker Abbott Laboratories Inc. said Wednesday its first-quarter profit fell 19 percent as the company wrote down the value of its holdings in Boston Scientific stock and incurred integration costs related to the purchase of assets from that company last year.


World Business Briefing: Spain: Bid Is Made for French Contractor

Thu, 19 Apr 2007 23:38:17 EDT | New York Times

Sacyr Vallehermoso, a Spanish construction company, bid 9.75 billion euros ($13.26 billion) to take over Eiffage of France, a diversified construction company that built the Eiffel Tower, setting the stage for a cross-border struggle for control of the company. The bid came less than 24 hours after a shareholders? meeting where Eiffage blocked Sacyr?s request for seats on its board, even though Sacyr holds a 33 percent stake. Sacyr offered 12 of its shares for every five of Eiffage, valuing the stock at 104.69 euros, a 6 percent discount to its closing price Wednesday. Sacyr?s approach pits the builder against Eiffage, which views itself as a venerable part of the French establishment.


Fitch Upgrades TD Banknorth (AP)

Fri, 20 Apr 2007 16:43:58 GMT | Yahoo! Finance

Fitch Ratings on Friday upgraded financial services company TD Banknorth Inc. after the company's minority shareholders were bought out by corporate parent Toronto-Dominion Bank.


Zee News net up at Rs 1.13 cr

Sat, 21 Apr 2007 18:06:38 GMT | Business Standard

Media and entertainment company Zee News today reported a net profit of Rs 1.13 crore for the fourth quarter ended March 31, 2007. The company recorded revenues of Rs 69.03 crore, up 47 per cent over


Unionized FPI fish plant workers in N.L. reach tentative deal with company

Sun, 22 Apr 2007 15:14:00 -0400 | CANOE Money

ST. JOHN'S, N.L. (CP) - Unionized workers at Fishery Products International's Newfoundland fish plants reached a tentative agreement with the company over the weekend, on the eve of a planned strike.


Hollinger auditor denies she made mistakes

Tue, 24 Apr 2007 14:22:00 -0400 | CANOE Money

CHICAGO (CP) - Defence lawyers tried to show Tuesday that Hollinger International's auditors failed to flag payments that needed to be disclosed, suggesting Conrad Black's former company didn't make certain fees public because the company's auditors "missed" financial details.


Celestica Q1 loss doubles to US$34.3 million, company may sell HQ

Wed, 25 Apr 2007 18:32:00 -0400 | CANOE Money

TORONTO (CP) - Money-losing Celestica Inc. (TSX:CLS) is looking at putting its Toronto headquarters up for sale, a senior executive said Wednesday after the company reported a US$34.3-million net loss for the first quarter.


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