Income http://www.globalpost.com/taxonomy/term/31138/all en UPDATE 2-Thomas Cook shareholders with 30% protest against pay http://www.globalpost.com/dispatch/news/thomson-reuters/130207/update-1-thomas-cook-says-third-investors-vote-against-pay-repo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON, Feb 7 (Reuters) - British travel firm Thomas Cook said investors holding almost 30 percent of its stock voted against its remuneration report on Thursday, in a sign that shareholder anger over soaring executive earnings has not died down.</p> <p>A large number of investors in British companies registered their disapproval of executive pay during the 2012 annual meetings season, an episode known as the 'shareholder spring'.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130207/update-1-thomas-cook-says-third-investors-vote-against-pay-repo" target="_blank">read more</a></p> Business Employment compensation Entertainment Income Management Politics Recruitment Thomson Reuters Thu, 07 Feb 2013 18:15:22 +0000 5749210 at http://www.globalpost.com XP Power profit falls on lower revenue from North America, Europe http://www.globalpost.com/dispatch/news/thomson-reuters/130225/xp-power-profit-falls-lower-revenue-north-america-europe <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Feb 25 (Reuters) - Electrical component maker XP Power Ltd reported a 17 percent fall in adjusted pretax profit, hurt mainly by a decline in revenue from its North American and European businesses.</p> <p>The company said it expects 2013 revenue to remain at last year's level or grow slightly, as orders remained weak. XP Power recorded a 2 percent fall in 2012 orders.</p> <p>Adjusted profit before tax fell to 20.2 million pounds ($30.9 million) in the year ended Dec. 31 from 24.3 million pounds a year earlier.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130225/xp-power-profit-falls-lower-revenue-north-america-europe" target="_blank">read more</a></p> Business Currency Health Income Labor Microeconomics Social Issues Thomson Reuters Mon, 25 Feb 2013 08:15:32 +0000 5765718 at http://www.globalpost.com UPDATE 2-ITV to pay special dividend as earnings rise http://www.globalpost.com/dispatch/news/thomson-reuters/130227/update-1-itv-pay-special-dividend-earnings-rise <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* To pay 156 mln pounds special dividend worth 4 pence/share</p> <p>* 2012 adjusted earnings 520 mln pounds, up 13 pct</p> <p>* Q1 advertising revenue seen up 5 pct</p> <p>* CEO says firm has not received takeover approaches</p> <p>* Shares down 2 percent</p> <p>By James Davey</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130227/update-1-itv-pay-special-dividend-earnings-rise" target="_blank">read more</a></p> Business Dividends Generally Accepted Accounting Principles Income ITV ITV Shin Corporation Thomson Reuters Wed, 27 Feb 2013 07:45:26 +0000 5768135 at http://www.globalpost.com Cairn Energy posts slumping 2012 net profits http://www.globalpost.com/dispatch/news/afp/130319/cairn-energy-posts-slumping-2012-net-profits <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>British oil and gas explorer Cairn Energy said on Tuesday that net profits slumped last year as income from oil output fell sharply after the group slashed its stake in Cairn India.</p> <p>Edinburgh-based Cairn said in a statement that earnings after taxation sank to $72.6 million (56.1 million euros) in 2012.</p> <p>That compared with a far larger net profit of $4.1 billion in 2011 following the agreed sale of the majority of its Indian division to Vedanta Resources.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130319/cairn-energy-posts-slumping-2012-net-profits" target="_blank">read more</a></p> Business Cairn Energy Cairn Energy Income Net profit AFP Tue, 19 Mar 2013 10:17:23 +0000 5787564 at http://www.globalpost.com Sanitary workers protest against non-payment of salaries http://www.globalpost.com/dispatch/news/asianet/130403/sanitary-workers-protest-against-non-payment-salaries <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Sanitary workers of Municipal Committee here started protest against non-payment of their salaries and uniform allowance. Protesters included women workers also raised their brooms in front of officers. Heera Lal, representing sanitary workers, said they were paid salaries and given uniforms since long due to which they face serious problems.</p><P>They said shopkeepers are not ready to give any grocery items on credit and their innocent child are crying for bread and milk.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130403/sanitary-workers-protest-against-non-payment-salaries" target="_blank">read more</a></p> Income Asianet Wed, 03 Apr 2013 18:38:39 +0000 Asianet 5801005 at http://www.globalpost.com Higher costs push Johnson http://www.globalpost.com/dispatch/news/afp/130416/higher-costs-push-johnson <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US health care and pharmaceutical giant Johnson &amp; Johnson on Tuesday said rising costs pushed earnings lower in the first quarter.</p> <p>Net earnings fell 10.6 percent to $3.50 billion in the quarter to March 31, compared to a year earlier, despite an 8.5 percent rise in sales to $17.5 billion.</p> <p>Cost of sales grew 13.0 percent, pushing net earnings as a percent of sales to 20.0 percent from 24.2 percent.</p> <p>Earnings per share fell 13.5 percent to $1.22 from $1.41. The company said domestic US sales gained 11.2 percent in the quarter and international sales rose 6.3 percent.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130416/higher-costs-push-johnson" target="_blank">read more</a></p> Generally Accepted Accounting Principles Health Income Labor Net income Social Issues AFP Tue, 16 Apr 2013 12:46:58 +0000 5817275 at http://www.globalpost.com Trimac Transportation reports first-quarter profit and revenue up from year ago http://www.globalpost.com/dispatch/news/the-canadian-press/130501/trimac-transportation-reports-first-quarter-profit-and-reven <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>CALGARY - Trimac Transportation Ltd. (TSX:TMA) said Wednesday that it earned $3.1 million in its latest quarter as revenue grew by more than 25 per cent form a year ago.</p> <p>The trucking company said the profit amounted to 11 cents per share in the quarter ended March 31, compared with a profit of $2.2 million or eight cents per share a year ago.</p> <p>Revenue grew to $105.9 million, up from $83.6 million, while revenue, excluding fuel surcharges, improved to $93.1 million from $72.3 million a year ago.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130501/trimac-transportation-reports-first-quarter-profit-and-reven" target="_blank">read more</a></p> Income Microeconomics Revenue The Canadian Press Wed, 01 May 2013 18:16:36 +0000 5829387 at http://www.globalpost.com RioCan reports 'record' results as operating FFO rises 20% to $124M http://www.globalpost.com/dispatch/news/the-canadian-press/130503/riocan-reports-record-results-operating-ffo-rises-20-124m <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>TORONTO - RioCan Real Estate Investment Trust (TSX:REI.UN) says net earnings attributed to unitholders declined in its most recent quarter to $163 million from $343 million.</p> <p>However, the owner of Canada's largest portfolio of shopping centres says operating funds from operations produced "record results," rising 20 per cent in the three months ended March 31 to $124 million from $103 million in the same quarter in 2012.</p> <p>On a per unit basis, operating FFO increased 11 per cent to 41 cents per unit from 37 cents.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130503/riocan-reports-record-results-operating-ffo-rises-20-124m" target="_blank">read more</a></p> Business Income RioCan Real Estate Investment Trust RioCan Real Estate Investment Trust S&P/TSX Composite Index Technology USD The Canadian Press Fri, 03 May 2013 12:15:48 +0000 5830421 at http://www.globalpost.com Nordstrom 1st quarter net income falls on weaker demand for spring goods http://www.globalpost.com/dispatch/news/the-canadian-press/130516/nordstrom-1st-quarter-net-income-falls-weaker-demand-spring- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Nordstrom Inc. said Thursday its first-quarter net income fell 3 per cent, hurt by weak demand for spring merchandise and softer performance in the Northeast and Midwest.</p> <p>The results were below Wall Street estimates, a rare miss for the luxury retailer given that higher-end spenders have generally kept shopping in the lacklustre economy. The company's stock fell more than 3 per cent in aftermarket trading.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130516/nordstrom-1st-quarter-net-income-falls-weaker-demand-spring-" target="_blank">read more</a></p> Economy of the United States Income Nordstrom Washington The Canadian Press Thu, 16 May 2013 20:45:21 +0000 5839687 at http://www.globalpost.com Palo Alto expects revenue growth to slow, shares plunge http://www.globalpost.com/dispatch/news/thomson-reuters/130530/palo-alto-expects-revenue-growth-slow-shares-plunge <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Reuters) - Security software maker Palo Alto Networks &lt;PANW.N&gt; forecast current-quarter results below market estimates as revenue growth slows due to U.S. budget cuts and European debt crisis, sending its shares down about 14 percent in extended trading.</p> <p>The company, which gets a significant amount of its revenue from the U.S. government, has been hurt by across-the-board federal spending cuts since March.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130530/palo-alto-expects-revenue-growth-slow-shares-plunge" target="_blank">read more</a></p> Business Income Microeconomics Revenue Thomson Reuters Thu, 30 May 2013 23:15:05 +0000 5849123 at http://www.globalpost.com American Realty Capital Properties buying American Realty Capital Trust IV in $3.1B deal http://www.globalpost.com/dispatch/news/the-canadian-press/130702/american-realty-capital-properties-buying-american-realty-ca <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - American Realty Capital Properties Inc. is buying American Realty Capital Trust IV Inc. in a cash-and-stock deal valued at about $3.1 billion.</p> <p>Shares of ARCP nearly doubled in premarket trading on Tuesday.</p> <p>ARCP, a real estate investment trust, said that the deal — along with other recent transactions — will make it the second-biggest net lease REIT. After the transaction closes, ARCP will own 2,579 single tenant properties in 48 states and Puerto Rico.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130702/american-realty-capital-properties-buying-american-realty-ca" target="_blank">read more</a></p> Business Financial accounting Income United States law USD The Canadian Press Tue, 02 Jul 2013 15:31:22 +0000 5873575 at http://www.globalpost.com Canadian debt levels still better than U.S. experienced before crash: TD Bank http://www.globalpost.com/dispatch/news/the-canadian-press/130716/canadian-debt-levels-still-better-us-experienced-crash-td-ba <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OTTAWA - Canadians have certainly been piling up debt but the situation isn't as dire as some have suggested, TD Bank argues in a new analysis.</p> <p>The bank says official statistics on household debt-to-income ratios suggest Canadians are now as indebted as Americans were in 2007 — just before the U.S. housing crash.</p> <p>The analysis notes Canadian indebtedness is 162 per cent of disposable annual income — only one percentage point below the 163 per cent peak reached by U.S. households in 2007.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130716/canadian-debt-levels-still-better-us-experienced-crash-td-ba" target="_blank">read more</a></p> Business Credit Disposable and discretionary income Education Health Income Labor Politics Social Issues Technology The Canadian Press Tue, 16 Jul 2013 21:04:27 +0000 5885651 at http://www.globalpost.com Mullen Group increases capital spending plan by $20 million to $100 million http://www.globalpost.com/dispatch/news/the-canadian-press/130724/mullen-group-increases-capital-spending-plan-20-million-100- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OKOTOKS, Alta. - Mullen Group Ltd. (TSX:MTL) increased its capital budget Wednesday by $20 million to $100 million as it reported higher second-quarter earnings compared with a year ago.</p> <p>The trucking and oilfield services company said it earned $27.4 million or 30 cents per share on $310.3 million in revenue for the quarter ended June 30.</p> <p>That compared with a profit of $7.4 million or nine cents per share on $320.1 million in revenue a year ago.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130724/mullen-group-increases-capital-spending-plan-20-million-100-" target="_blank">read more</a></p> Business Income Microeconomics Revenue The Canadian Press Wed, 24 Jul 2013 23:32:57 +0000 5892936 at http://www.globalpost.com GM profits, revenue beat forecasts http://www.globalpost.com/dispatch/news/afp/130725/gm-profits-revenue-beat-forecasts <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>General Motors on Thursday reported better-than-expected profit and revenue for the second quarter on strong US demand and shrinking losses in Europe.</p> <p>Net income came in at $1.2 billion on revenue of $39.1 billion, compared with income of $1.5 billion and revenue of $37.6 billion during the same period a year earlier.</p> <p>Adjusted earnings of 84 cents per share were well above the 75 cents expected by analysts.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130725/gm-profits-revenue-beat-forecasts" target="_blank">read more</a></p> Business Generally Accepted Accounting Principles Income AFP Thu, 25 Jul 2013 13:03:31 +0000 5893474 at http://www.globalpost.com GM profits, revenue beat forecasts http://www.globalpost.com/dispatch/news/afp/130725/gm-profits-revenue-beat-forecasts-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>General Motors on Thursday reported better-than-expected profit and revenue for the second quarter on strong US demand and shrinking losses in Europe.</p> <p>Net income came in at $1.2 billion on revenue of $39.1 billion, compared with income of $1.5 billion and revenue of $37.6 billion during the year-ago period.</p> <p>Adjusted earnings of 84 cents per share were well above the 75 cents expected by analysts.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130725/gm-profits-revenue-beat-forecasts-0" target="_blank">read more</a></p> Business Generally Accepted Accounting Principles Income AFP Thu, 25 Jul 2013 13:35:53 +0000 5893498 at http://www.globalpost.com