The bleak retirement outlook for displaced workers
If you thought that Americans as a whole were unprepared for a secure retirement, you should see the ones who have lost their job.A report from the Transamerica Center for Retirement Studies finds many unemployed and underemployed workers have been dipping into their retirement accounts to fund
Petron 1st Half Net Profit Drops to PHP432 Million Vs PHP6.03 Billion
Petron Corp. (PCOR.PH) Thursday posted a net profit of 432 million pesos ($10.3 million) in the first half, falling sharply from PHP6.03 billion a year earlier.
Aegon Pledges To Sit on Cash Pile as Earnings Surprise
Dutch life insurance and pension company Aegon NV (AGN.AE) Thursday became the latest European insurer to post solid second-quarter earnings, but it pledged to sit on its growing cash pile to protect itself against the tough market climate.
BP, Total, Azerbaijan's Socar To Fund TAP Gas Pipeline Project
Plans for the Trans Adriatic Pipeline project, aimed to carry Caspian natural gas to Italy, received a boost Thursday, as the pipeline consortium said energy giants BP PLC (BP), France's Total SA (TOT) and Azerbaijan's state oil company Socar have agreed to fund the project.
Research In Motion Wins Appeal in Mformation Patent Case
Research In Motion Limited (RIMM), the maker of BlackBerry smartphones, Thursday won a motion seeking the overturning of a jury finding that the company infringed the intellectual property of Mformation Technologies Inc.
Indian Oil Posts Wider 1Q Loss on Weaker Rupee, Lack of Subsidies
Indian Oil Corp. (530965.BY), India's largest listed company by sales, Thursday posted a wider quarterly net loss, hurt by a decline in the rupee's value that made its crude-oil imports costlier and as the government didn't compensate it for selling some fuel products at discounted rates.
Reliance Industries Trims East Coast Block Gas Reserve Estimates -Minister
Reliance Industries Ltd. (500325.BY), India's largest listed company by market value, has slashed recoverable gas reserve estimates for two key producing fields in an eastern offshore block by 70%, citing production performance and a decline in pressure in the fields, the junior oil minister said
Tata Motors 1Q Consolidated Net Profit Rises 12%, But Misses Forecast
Tata Motors Ltd. (TTM) Thursday reported a 12% rise in its fiscal first-quarter consolidated net profit, but missed market estimates as an eightfold increase in foreign-exchange losses offset most of the gains from higher vehicle sales at its U.K. unit Jaguar Land Rover.
Audi July Global Sales Up 13% On Strong US Demand
German car maker Audi AG (NSU.XE), the luxury car unit of Volkswagen AG (VOW.XE), said Thursday global July car sales increased 13% from a year earlier, boosted by a strong demand in the United States.
Taishin CFO: To Offer NT$100 Million for New York Life's Entire Taiwan Operation
Taishin Financial Holding Co. (2887.TW) Chief Financial Officer Welch Lin said Thursday the lender will offer $100 million New Taiwan dollars (US$3.34 million) for the entire Taiwan operation of New York Life Insurance Co.