02 Aug '11, 4am

US company profits surge, even as economy slows

NEW YORK: Major US companies are packing away record profits even as the economy falters, unemployment remains high and the debt-ceiling crisis has shaken confidence in the country, analysts said. In July, corporate giants such as 3M, Caterpillar, Goodyear, Microsoft and Apple reported blockbuster results in the second quarter of 2011, though the stock market still slumped amid fears of an economic slowdown and a possible government default. Of the companies in the S&P 500 list of large-cap firms which have reported their quarterly earnings to date, 72 per cent have beaten analysts' forecasts, according to Standard & Poor's analyst Howard Silverblatt. Moreover, if the current trend keeps up, the S&P 500 companies are poised to have their most profitable quarter ever, he said. "Earnings are basically the only thing holding up the market at this point," Silverblatt said. "Th...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

US stocks reverse course after opening surge: NEW YORK - US stocks turned negative on Monday after data showed t...

US stocks reverse course after opening surge: N...

channelnewsasia.com 01 Aug '11, 2pm

NEW YORK - US stocks turned negative on Monday after data showed the pace of growth in the manufacturing sector slowed mor...

Crude oil prices surge in Asia as US reaches de...

channelnewsasia.com 01 Aug '11, 6am

SINGAPORE : Crude oil markets rallied in Asian trade on Monday amid relief at the announcement of an elusive US debt deal,...

Manufacturing growth slows across Asia

Manufacturing growth slows across Asia

channelnewsasia.com 02 Aug '11, 3pm

SINGAPORE: Manufacturing growth slowed across Asia, and analysts say the sector is unlikely to rebound this year. The glob...

Russia PM Vladimir Putin accuses the US of living 'like a parasite' on the global economy

Russia PM Vladimir Putin accuses the US of livi...

straitstimes.com 01 Aug '11, 11pm

Russian Prime Minister Vladimir Putin accused the United States on Monday of living beyond its means 'like a parasite' on ...

WHAT A SURPRISE: Big Oil Gushing Profits

WHAT A SURPRISE: Big Oil Gushing Profits

solarfeeds.com 01 Aug '11, 12pm

Yet Big Oil’s representatives in Congress stubbornly defend Big Oil giveaways even if it means cutting deep into popular, ...

World markets slide on rising concern over global economy: LONDON - Global equities sank and the dollar firmed a...

World markets slide on rising concern over glob...

channelnewsasia.com 02 Aug '11, 10am

LONDON - Global equities sank and the dollar firmed against the euro on Tuesday as investors focused on weakness in the wo...

Why Sharing Even the Messiest Sustainability Story is a Good Idea

Why Sharing Even the Messiest Sustainability St...

greenbiz.com 02 Aug '11, 12pm

This article originally appeared on BSR's blog , and is reprinted with permission. We all know that a picture tells a thou...

Barclays bank profits slide 38%, flags job cuts

Barclays bank profits slide 38%, flags job cuts

channelnewsasia.com 02 Aug '11, 9am

LONDON : British bank Barclays said Tuesday that interim net profit slid 38 percent and warned it could axe some 3,000 job...

France has 'total confidence' in US economy

France has 'total confidence' in US economy

channelnewsasia.com 06 Aug '11, 11am

PARIS: France has "total confidence" in the solidity of the US economy, Economy Minister Francois Baroin told AFP on Satur...

Huge Obama Win on Fuel Economy Under Investigation by Republicans

Huge Obama Win on Fuel Economy Under Investigat...

cleantechnica.com 02 Aug '11, 12am

While the Right Wing in the US held the world hostage over whether it would pay the bills it ran up under Bush, the Obama ...

Here's what you need to know about the turkey/Salmonella situation in the U.S.

Here's what you need to know about the turkey/S...

mnn.com 03 Aug '11, 1pm

SAN FRANCISCO - A multistate outbreak of antibiotic-resistant Salmonella believed to be linked to eating contaminated grou...

LEDs can double as data transmitters, save even...

grist.org 02 Aug '11, 4pm

The lightbulb is flickering on and off too fast for the human eye to detect. So while we see just … light, a sensor sees a...

Wat say u now dear #Bersih? Even India n Philip...

rockybru.com.my 03 Aug '11, 4pm

India embarks on biometric census - Central & South Asia - Al Jazeera English › India embarks on biometric census - Centra...

France total confidence in US despite #ratings downgrade

France total confidence in US despite #ratings ...

straitstimes.com 06 Aug '11, 11am

France has 'total confidence' in the solidity of the US economy, Economy Minister Francois Baroin told AFP, the first Euro...

China's manufacturing growth slows in July

China's manufacturing growth slows in July

channelnewsasia.com 01 Aug '11, 3am

BEIJING: Growth in China's manufacturing activity slowed for the fourth straight month in July and inflationary pressures ...