(Reuters) - Net sales for the quarter rose to $390.4 million from $386.6 million.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Friday, 27 July 2007
'Big Dig' supplier to pay $50 million fine - U.S.
(Reuters) - Aggregate Industries, which supplied 5,700 truckloads of
concrete that was too old to be used or had been watered down,
also pleaded guilty to making fraudulent claims, U.S. Attorney
Michael Sullivan said.
It was unclear what problems might be related to the faulty
concrete, which represents a fraction of the 130,000 truckloads
that the company provided for the Big Dig, he said.
Read more at Reuters.com Bonds News
concrete that was too old to be used or had been watered down,
also pleaded guilty to making fraudulent claims, U.S. Attorney
Michael Sullivan said.
It was unclear what problems might be related to the faulty
concrete, which represents a fraction of the 130,000 truckloads
that the company provided for the Big Dig, he said.
Read more at Reuters.com Bonds News
Platinum Falls Most in Eight Months on Stronger Dollar; Palladium Declines
(Bloomberg) -- Platinum fell the most in eight
months in New York as the dollar strengthened, reducing the
metal's appeal as an alternative investment. Palladium also
dropped.
Platinum is traded mostly in dollars, which rose to a two-
week high against the euro, making the metal more expensive for
holders of the European currency. U.S. stocks extended
yesterday's drop, the biggest in five months, as investors
shunned riskier investments in favor of bonds.
Read more at Bloomberg Commodities News
months in New York as the dollar strengthened, reducing the
metal's appeal as an alternative investment. Palladium also
dropped.
Platinum is traded mostly in dollars, which rose to a two-
week high against the euro, making the metal more expensive for
holders of the European currency. U.S. stocks extended
yesterday's drop, the biggest in five months, as investors
shunned riskier investments in favor of bonds.
Read more at Bloomberg Commodities News
UPDATE 1-Mexico silver mine Penoles Q2 profit up 16.2 pct
(Reuters) - Penoles , the world's top maker of refined
silver, said second-quarter sales totaled 11.247 billion pesos,
up 6.3 percent from the same period last year on higher volumes
and strong metals prices.
Costs rose in the quarter on more expensive labor,
maintenance and repairs, Penoles said.
Read more at Reuters.com Market News
silver, said second-quarter sales totaled 11.247 billion pesos,
up 6.3 percent from the same period last year on higher volumes
and strong metals prices.
Costs rose in the quarter on more expensive labor,
maintenance and repairs, Penoles said.
Read more at Reuters.com Market News
US STOCKS-Indexes fall as credit concerns weigh
(Reuters) - NEW YORK, July 27 - U.S. stocks declined on
Friday as worries about the prospect of a worsening climate for
takeover financing persisted.
The declines come a day after an equities sell-off that
wiped out more than $300 billion in the value of the S&P 500
and put the market on track for its worst weekly drop since the
week of the Feb. 27 global sell-off.
Read more at Reuters.com Bonds News
Friday as worries about the prospect of a worsening climate for
takeover financing persisted.
The declines come a day after an equities sell-off that
wiped out more than $300 billion in the value of the S&P 500
and put the market on track for its worst weekly drop since the
week of the Feb. 27 global sell-off.
Read more at Reuters.com Bonds News
Gold Falls, Caps First Weekly Drop in Month, as Dollar Gains; Silver Drops
(Bloomberg) -- Gold fell in New York, capping the
first weekly decline in a month, on speculation a strengthening
dollar will reduce the precious metal's appeal as an alternative
investment. Silver also dropped.
The dollar rallied to a two-week high against the euro
today after a U.S. Commerce Department report showed the economy
grew last quarter at the fastest pace in more than a year. Gold,
sold in the U.S. currency, has fallen 1.8 percent in the three
days since the dollar reached a record low against the euro.
Read more at Bloomberg Commodities News
first weekly decline in a month, on speculation a strengthening
dollar will reduce the precious metal's appeal as an alternative
investment. Silver also dropped.
The dollar rallied to a two-week high against the euro
today after a U.S. Commerce Department report showed the economy
grew last quarter at the fastest pace in more than a year. Gold,
sold in the U.S. currency, has fallen 1.8 percent in the three
days since the dollar reached a record low against the euro.
Read more at Bloomberg Commodities News
Treasuries Head for Biggest Weekly Gain Since March Amid Risk Aversion
(Bloomberg) -- Treasuries are headed for the
biggest weekly advance in four months as the slump in U.S.
housing drives investors from riskier assets for a third week.
Investors seeking the safety of government debt this week
pushed yields on two-year notes, most sensitive to changing
monetary policy, 71 basis points lower than the Federal
Reserve's target rate. The risk of owning corporate bonds soared
to a record on concern that banks and hedge funds face widening
losses on subprime mortgages and leveraged buyouts.
Read more at Bloomberg Bonds News
biggest weekly advance in four months as the slump in U.S.
housing drives investors from riskier assets for a third week.
Investors seeking the safety of government debt this week
pushed yields on two-year notes, most sensitive to changing
monetary policy, 71 basis points lower than the Federal
Reserve's target rate. The risk of owning corporate bonds soared
to a record on concern that banks and hedge funds face widening
losses on subprime mortgages and leveraged buyouts.
Read more at Bloomberg Bonds News
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