Finance time

Streamline Health Solutions Inc. reduced its net loss year over year and offered a more optimistic view for the next 12 to 36 months.
The software company posted a second-quarter net loss of $429,000, or 5 cents per share, compared to $1.1 million, or 12 cents per share in the year-ago quarter. Revenues grew to $1.3 […]

Filed under: management by John
Comments Off

Chip manufacturing equipment maker Applied Materials Inc. said Tuesday its fiscal third-quarter profit plunged 65%, in a difficult environment for the semiconductor industry.
For the quarter ended July 27, the company earned $164.8 million, or 12 cents per share, down from a profit of $473.5 million, or 34 cents per share, in the same period […]

Filed under: management by John
Comments Off

T-R-O-U-B-L-E could loom for a Scrabble knockoff that has become one of the most popular activities on Facebook.
Hasbro Inc., the company that owns the word game’s North American rights, sued the creators of the Scrabulous program on Thursday, less than two weeks after the release of an authorized version of Scrabble for Facebook.
Hasbro said […]

Filed under: management by John
Comments Off

The Federal Aviation Administration announced measures Monday to improve runway safety, including the installation at major airports of lights that signal pilots when a runway is safe to enter.
The announcement by Acting FAA Administrator Robert Sturgell comes amid criticism of FAA officials by federal lawmakers and others over an alarming rate of runway incursions […]

Filed under: management by John
Comments Off

China will raise the prices of gasoline, diesel and aviation fuel by 8% beginning Friday, the government’s main economic planning agency announced, in a move that could dampen the booming Asian nation’s oil consumption.
The announcement sent oil prices downward Thursday morning in New York, where light, sweet crude for July delivery fell US$2.80 to […]

Filed under: management by John
Comments Off

The Bank of Japan is watching the effect of higher commodity prices on global inflation and growth in the world's second-largest economy, meeting minutes show.
Japan faces “considerable downside risks including uncertainty regarding future developments in overseas economies and global financial markets,'' members agreed at their May 19- 20 meeting, according to the minutes […]

Filed under: management by John
Comments Off

U.S. consumer confidence was the weakest this month since Jimmy Carter was president, and single- family home construction fell to a 17-year low in April.
The Reuters/University of Michigan preliminary index of consumer sentiment dropped to 59.5, compared with an average reading of 85.6 in 2007. Builders broke ground on 692,000 single-family homes at […]

Filed under: management by John
Comments Off

U.S. and European officials signaled satisfaction that the dollar is stabilizing after Group of Seven policy makers expressed concern a month ago about its decline.
The dollar has advanced 3.4 percent from its record low of $1.6019 per euro on April 22, and is up 2.1 percent since the G-7 central bankers and finance […]

Filed under: management by John
Comments Off

The worst of the credit crisis may have passed, Treasury Secretary Henry Paulson said Wednesday, while acknowledging that rising gas prices will blunt the effect of 130 million economic stimulus checks. He ruled out a second stimulus package for now.
In an interview with The Associated Press, Paulson said that the turmoil that has gripped […]

Filed under: management by John
Comments Off

Consumer confidence sank to its lowest level in 26 years, according to a survey published Friday.
The University of Michigan Consumer Confidence survey revealed that high food and fuel prices, coupled with shrinking incomes and falling home values, have driven consumers to save their money rather than spend it.
"The recent acceleration in the loss in […]

Filed under: management by John
Comments Off