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Monthly Archive April, 2008

Tyson Foods loses $5 million

April 29, 2008

Tyson Foods Inc., the world’s largest meat producer, said Monday it lost $5 million in its second quarter as it faces high feed and fuel costs, and absorbed charges for plant closings.
Springdale-based Tyson (TSN, Fortune 500) lost 2 cents a share in the three months ended March 29 versus a profit of $68 million […]

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U.S. official: little sign of crime-oil price link

April 27, 2008

There is little sign organized crime is helping drive up energy prices, a senior Justice Department official said on Friday, despite assertions that such groups were strongly present in world oil markets.
“I don’t think that you can directly link the two,” Alice Fisher, head of the department’s criminal division, said in an interview.
[…]

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Spanish Unemployment Rate Jumps the Most in 15 Years

The unemployment rate in Spain, once an engine of European job creation, jumped the most in 15 years in the first quarter to a three-year high as the building market contracted.
The jobless rate rose to 9.6 percent from 8.6 percent in the fourth quarter, the Madrid-based National Statistics Office said on its Web […]

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South Korea's Economic Growth Slows on Spending Cuts

April 25, 2008

South Korea's economy expanded at the slowest pace in more than three years in the first quarter as consumers and companies curtailed spending.
The economy grew 0.7 percent from the previous quarter, when it advanced 1.6 percent, the central bank said in Seoul today. That compares with the 0.9 percent median estimate of 13 […]

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Flaherty Says Currency Markets Ignored G-7 Statement

April 24, 2008

Canadian Finance Minister Jim Flaherty said currency markets appear to have ignored a Group of Seven statement expressing concern about the decline in the U.S. dollar.
“It doesn't seem to have affected the market very much, that particular statement of concern,'' Flaherty said in a Bloomberg Television interview from New York today.
The G-7 […]

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AA to pay pilots for military reserve duty

April 20, 2008

Pilots for American Airlines who had been denied vacation and sick leave benefits for short-term military reserve duty will receive back pay in a settlement between the airline and Justice Department lawyers seeking to protect military employment rights.
The agreement, if approved by a court, will end a lawsuit filed two years ago against the […]

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Korean Deal on Beef `Not Enough,' for Trade Vote, Levin Says

April 19, 2008

South Korea's agreement to let in U.S. beef will not be enough to get a pending free-trade agreement approved by Congress, a top Democratic lawmaker said.
“A last minute, unenforceable, untested, agreement on beef is not enough to satisfy Congress,'' Michigan Democrat Sander Levin, the chairman of the House Trade Subcommittee, said in a […]

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Tri-Valley Bank narrows Q1 loss

April 17, 2008

Tri-Valley Bank reported a first quarter net loss of $75,000, a narrower loss compared with a loss of $382,000 in the year-ago quarter.
On a per share basis, the bank's loss narrowed to 15 cents per share, compared with a loss of 22 cents a share last year.
The first quarter loss includes […]

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Multi-Color executives get raises

April 15, 2008

Directors of Multi-Color Corp. approved 7-to-15 percent salary increases for the label maker's CEO and other executives.
The company's compensation committee on April 8 approved the raises. They include a 15 percent increase for CEO Frank Gerace, to $550,160 from $478,400; a 12 percent increase for Chief Financial Officer Dawn Bertsche, to $280,000 […]

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New Zealand's House Prices Rise at Slowest Pace in Three Years

April 14, 2008

New Zealand's house prices rose at the slowest pace in more than three years in March as record-high interest rates curbed demand for property.
Prices gained 6.5 percent from a year earlier, Quotable Value New Zealand Ltd., the government valuation agency, said in a report released in Wellington today. That's the slowest pace since […]

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