UPDATE 1-Market Chatter — Corporate finance press digest
BANGALORE, Feb 1 (Reuters) – The following corporate
finance-related stories were reported by media on Monday:
Ford swings to profit in Q4
<ul><li>Ford Motor has reported a net income attributable to the company of $868 million or $0.25 per share for the fourth quarter of 2009, compared to a net loss attributable to the company of $5.98 billion for the fourth quarter of 2008.&…
Old Dominion Freight Line Q4 net income down
<ul><li>Old Dominion Freight Line has reported a net income of $9.7 million or $0.26 per diluted share for the fourth quarter of 2009, compared to $11 million or $0.30 per diluted share for the fourth quarter of 2008.</li><li>Re…
Bond Laboratories Q4 revenues up 70%
<ul><li>Bond Laboratories, a manufacturer of functional beverages and nutritional products, has reported revenues from continuing operations of $1.77 million for the fourth quarter ended December 31, 2009, a 70% increase, compared to $1.04 …
Obama budget foresees deficits for a decade
<ul><li>WASHINGTON _ President Barack Obama on Monday will propose a 2011 federal budget that would spend $1.3 trillion more than the government takes in _ then continue with deficits of more than $700 billion a year for at least a decade. …
Colgate-Palmolive Q4 net income up
<ul><li>Colgate-Palmolive has reported a net income of $631 million, or $1.21 per diluted share, for the fourth quarter ended December 31, 2009, compared to $497 million, or $0.94 per diluted share, for the same quarter of 2008.</li>&…
Word of the Day
<ul><li>catercornerPronunciation: /KAT-er-kor-ner/adv : in a diagonal or ablique position"Visitors immediately noticed the new bank because it stood catercorner to the town’s main intersection, jutting away from the neighboring buildin…
Consumers urged to keep eye on notices from credit card companies: Rules take effect Feb. 22 could lead to high rates and new fees
<ul><li>Feb. 1–With only three weeks left until the so-called Credit Card Act fully takes effect, industry expert Bill Hardekopf has a blunt warning for consumers: Pay close attention to your mail. </li><li>"Consumers need…
China Nutrifruit Group to expand into fruit and vegetable powder production
<ul><li>China Nutrifruit Group, a producer of specialty fruit-based products, has announced its plans to construct a new fruit and vegetable powder manufacturing facility in Daqing, Heilongjiang Province.</li><li>The company pla…
Bahrain sovereign wealth fund to diversify
<ul><li>Mumtalakat, Bahrain’s sovereign wealth fund, plans to diversify away from private equity projects and into stocks and bonds, Reuters has reported. </li><li>Talal Al Zain told the news service that Mumtalakat expects to r…