Continental Airlines reported a loss in the second quarter below analysts’ expectations. The result was negative for about 35 million dollars, equivalent to 55 cents per share, compared with 76 cents loss estimated by the market. Including unusual items, the company closed the quarter with a loss of $ 139 million, or $ 2.18 per share, compared with a profit of $ 42 million (74 cents per share) during the same period in 2001. Revenues from passengers dropped by 15% to $ 2.1 billion in the quarter.
Continental pro-forma loss lower estimates
March 11th, 2010 by admin No comments »Piazza Affari fold but remains positive
March 11th, 2010 by admin No comments »Piazza Affari significantly reduces the gains while remaining in positive terrain. The Mibtel index marks at a gain of 0.40% against an opening to +1.61%. Traveling in the negative terrain Bulgari, Saipem, Capitalia, Unicredito and Snam Rete Gas.
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GlaxoSmithKline Novartis slips after listing
March 11th, 2010 by admin No comments »The titles of the pharmaceutical giant GlaxoSmithKline are the only exchange in the red this morning and when FTSE100 worth 1138 pence (-3.1%). The action suffers from the fact that the rival Novartis has announced the launch of a generic competitor dell’Augmentin. After the move by Novartis, UBS Warburg has placed under review, the Buy rating and target to 1,570 pence. The estimates of earnings per share for 2002 have already been reviewed by the broker 83 to 80 pence.
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It complicates the succession to Ron Sommer
March 11th, 2010 by admin No comments »It ‘very complicated to choose a successor to the Juridical Editions Ron Sommer of Deutsche Telekom. The same Chancellor Gerhard Schroeder has asked the board of the group of stepping up as soon as possible and elect a successor. The candidate continues to be accredited as Gerd TENZER, favored by the government, but it collides against a declared opposition within the board. The situation becomes too hot at the political level: the leadership of DT will have great impact on the fate of the elections of 16 September.
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Autogrill ready to challenge the big business
March 11th, 2010 by admin No comments »The group Autogrill sharpen their weapons and prepares for the arrival on the Italian market of major rivals such as the Compass English and French Elior. Autogrill while celebrating its twenty-fifth birthday are in fact the expiring contracts of less than 43 licenses and is likely that foreign giants decide to bet on our market.
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European Tech kissed purchases
March 11th, 2010 by admin No comments »Purchases incurred on the technology sector in Europe, after the good news from the United States. The DJ EuroStoxx Technology is the best today with a +4.20%, led by ASML Holding (+9.06%), Alcatel (+8.64%), Infogrames (+7.54%), Infineon (+6.89%) and T-Online (+5.10%). Well even STM (+4.51%), Nokia (+3.89%), SAP (+3.61%) and Siemens +3.53%).
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Commerzbank downgrades Carrefour but only short-term
March 11th, 2010 by admin No comments »After the SSB and UBS downgrade for Carrefour came another cut by analysts at Commerzbank, which have reduced their opinion on the title of French retail group increasing from accumulated hold. Also lowered its price target from 60 to 45 euros. The bank of German business has held negativamennte the decline in sales reported by Carrefour in the second timestre year. His criticism is the prospect in the short term. The long and medium-term, Commerzbank has spoken positively, indicating good prospects for the title dovrebnbe undergo a technical rebound. Let us hope, added the analysts, the strategy implemented by Carrefour to reduce debt, which will allow the group trans to hit its targets for growth.
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Fool Ericsson except Microsoft
March 11th, 2010 by admin No comments »The Colossus of Richmond has put an end to rumors that chasing and assuming an interest in Ericsson. A spokesman for the American group has, in fact, denied any intention to bid or make an alliance, confirming the project instead of a capital increase planned for the third quarter. While Bill Gates has come, therefore, the denial, no statement has yet been issued by the other groups identified as potential purchasers of Ericsson: Sony, Lucent, Motorola and Siemens. At this moment the title Ericsson is losing 1, 27%.