Posts Tagged ‘percent’

Elderly feel the loss of extended family

Manzini, Swaziland (IRIN) – Erratic pension payments, a rising cost of living and changing social circumstances are leaving Swaziland’s elderly with no choice but to fend for themselves and adjust to living alone. This is unprecedented in a country where an extended family system traditionally provided a social safety-net and companionship. “I thank my God [...]

Bangladesh unveils budget high on defense, low on farm spending

Saleem Samad – AHN News Correspondent Dhaka, Bangladesh (AHN) – Bangladesh, the world’s poorest Muslim majority country, unveiled a $22 billion deficit budget high on defense expenditures and low in farm spending. The government projects revenue income at $16.01 billion in the coming fiscal year, up from nearly $13 billion. The budget was placed in [...]

Bernanke forecasts U.S. growth despite recent indicators of economic weakness

Vittorio Hernandez – AHN News Atlanta, GA, United States (AHN) – U.S. Federal Reserve Chairman Ben Bernanke expressed confidence on Tuesday that the American economy will continue to recover slowly even if recent indicators point to economic weakness. He said despite oil and other commodities price increases, he sees no evidence of broad and enduring [...]

IMF extends $3 billion loan to Egypt

Vittorio Hernandez – AHN News Cairo, Egypt (AHN) – Egypt will receive a $3 billion loan from the International Monetary Fund to assist the Middle Eastern nation with its widening budget deficit that reached $10 billion for the fiscal year that started in July 2010. Cairo became cash straped following the popular revolt that resulted [...]

Jobless rates decline for 97 Kentucky counties in April

Fayette County had one of the lowest unemployment rates in the state, at 7.6 percent. View full post on All Stories

UK first quarter GDP growth confirmed at 0.5 pct (AP)

AP – Britain’s economy grew 0.5 percent in the first quarter of this year, according to statistics released on Wednesday as the OECD cut its own growth forecasts for the country and warned that the Bank of England should raise interest rates to dampen public expectations of high inflation. View full post on All Stories

Chrysler repays bail-out loans after strong sales, turnaround

Matthew Borghese – AHN News Contributor Detroit, MI, United States (AHN) – Chrysler Group LLC has repaid the American and Canadian loans it received after filing for Chapter 11 bankruptcy in April 2009. After being purchased by Italian carmaker Fiat and turning around lagging sales, on Tuesday Chrysler repaid $1.7 billion to Canada and $5.9 [...]

Take-Two (NSDQ: TTWO) Fiscal Q4 Loss Widens As Revenue Dips

Take-Two Interactive (NSDQ: TTWO) announced Tuesday a fiscal fourth quarter loss that widened from a year ago as revenue dipped 22 percent in the period. The videogame developer said it lost $22.4 million or 27 cents a share, compared to a loss of $9.7 million or 13 cents a share in the fourth quarter a [...]

Campbell Soup 3Q profit up 11 percent

Kris Alingod – AHN News Contributor Camden, NJ, United States (AHN) – Campbell Soup posted better-than-expected earnings for the third quarter on Monday despite continued weak sales in its core segment of U.S. soups. Net income for the period ended May 1 was $187 million, or 57 cents a share, up 11 percent from $168 [...]

Summary Box: Campbell Soup 3Q net income rises

THE NEWS: Campbell Soup Co.’s third-quarter net income rose 11 percent thanks in part to rising sales of baked goods and snacks, which helped offset weak soup numbers. THE CONTEXT: Rather than cutting prices to drive sales, Cambell is stepping up advertising and introducing new products. WHAT’S NEXT: For the fiscal year ending in July, [...]

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