News blog
Mobile Mini Inc., which makes portable storage containers and mobile offices, said Friday its fourth-quarter profit dipped 11%, hurt by higher costs and interest expenses.
For the quarter ended Dec. 31, net income fell to $12.4 million, or 36 cents per share, from $14 million, or 38 cents in the prior-year quarter.
Analysts polled by Thomson […]
Filed under: money by Wolf
Comments Off
Solar power will be a bright investment prospect as the appetite for green energy grows, even though the global credit crisis is making banks more wary of providing financing.
In the short term, the sector will also have to contend with a shortage of silicon, a key ingredient for solar cells that turn sunlight into […]
Filed under: economics by Wolf
Comments Off
The new internal watchdog at the U.S. Securities and Exchange Commission has pledged future investigations will be thorough and credible after the agency was accused of mishandling an insider trading case that included a failed effort by one staffer to subpoena a powerful Wall Street figure.
SEC Inspector General David Kotz said he was […]
Filed under: business by Wolf
Comments Off
Can the traditional power industry meet skyrocketing energy demand and reduce pollution by embracing green energy?
Not yet, say top executives from some of the world’s leading power companies meeting in Houston for the last day of Cambridge Energy Research Associates’ (CERA) annual energy conference.
The sheer amount of power the world uses presents […]
Filed under: money by Wolf
Comments Off
Borse Dubai said on Sunday it would consider selling a stake in the London Stock Exchange Group (LSE.L: Quote, Profile, Research) to Qatar, but had not received any approaches and was unlikely to sell any stake in the short term.
Borse Dubai and the Nasdaq Stock Market (NDAQ.O: Quote, Profile, Research) should close a deal […]
Filed under: marketing by Wolf
Comments Off
Police raided the home and offices of Klaus Zumwinkel, the chief executive of Deutsche Post AG (DPWGn.DE: Quote, Profile, Research) and a pillar of Germany’s corporate establishment, on Thursday in a probe into suspected tax evasion.
The 64-year-old manager is accused of dodging around 1 million euros ($1.46 million) in taxes by transferring money […]
Filed under: management by Wolf
Comments Off
World equity markets lost $5.2 trillion in the month of January, taking back previous market gains and leaving developed markets in the red for the trailing three months, said Standard & Poor’s
Emerging markets fell 12.44% in January, while developed markets lost 7.83%, according to S&P, making it one of the worst-ever starts to a […]
Filed under: technology by Wolf
Comments Off
A sales manager who "just couldn’t abide" by the way Merck wanted him to market the drugs Vioxx and Zocor to doctors took the lonely step of filing a whistleblower suit against his employer.
Seven years later, Merck will pay $671 million to settle complaints it overcharged government health programs and gave doctors improper inducements […]
Filed under: economics by Wolf
Comments Off
After the latest round of mixed earnings from the biggest players in pharma and biotech, companies are hampered by a frustrating dynamic: a product mix that isn’t strong enough to match an exodus of blockbusters.
Most of the leading drug companies have "weak pipelines" and "huge products going off patent," said Jon LeCroy, pharma analyst […]
Filed under: online by Wolf
Comments Off
Cass Information Systems Inc., a Bridgeton-based provider of invoice payment and information services, said Wednesday that fourth-quarter profit rose largely due to higher sales to utility customers.
The company said its payment and processing fees increased by 10 percent in the quarter due to a boost in transaction volume from utilities, growth in new […]
Filed under: legal by Wolf
Comments Off