business

FedEx Corp. (NYSE: FDX) reported earnings of $0.76 per diluted share for the third quarter ended February 28, compared to $0.31 per diluted share a year ago. Analysts average $0.72. FDX beats by $0.04.

Third quarter revenue of $8.70 billion, up 7% from $8.14 billion a year ago.

After weeks of backing a European rescue for the financially troubled Greece, Germany shifted course on Thursday, signaling that help should come from the International Monetary Fund rather than Greece’s neighbors.

The Anglo-Australian mining company Rio Tinto says it has signed a deal with China to develop a massive iron ore mine in West Africa.

One of the most valuable things a mining company can have is expertise.

Exploring for, delineating, and mining ore bodies is an extremely tough business. The success rates for going from a discovery through to positive feasibility through to first production (and actually making money on this process) are right of the decimal point.

NIKE, Inc. (NYSE: NKE) reported net income was $1.01 per diluted share, compared to $0.50 per diluted share in the same period last year. analysts average $0.89. NKE beats by $0.12.

Third quarter revenues increased 7 percent, from $4.4 billion last year to $4.7 billion in the current year.

Nissan is to build its new electric car - the Leaf - at its Sunderland plant, the Japanese company has announced.

Discover Financial Services (NYSE: DFS) reported a net loss -$0.22 per share compared with earnings from the same period last year of $0.25. analysts average $0.12. DFS misses by $0.34.

The company reported a net loss for the first quarter of 2010 of $104 million, as compared to net income of $120 million for the first quarter of 2009.

The ramifications of Google's decision to leave China are deep: China's leadership, be careful what you wish for.

Since 91% of stocks are owned by the Plutocracy, the much-ballyhooed rise in the stock market as proof the recession is over is perception management/ propaganda.

Microchip Technology Incorporated (NASDAQ: MCHP) announced that based on strong bookings and sales activities quarter to date, it expects net sales for its fourth quarter of fiscal 2010 ending March 31, 2010 to be up about 8% sequentially (up from a previous guidance 3% to 7%). Microchip expects GAAP earnings at 37 cents per share and non-GAAP earnings at 42 cents.

General Motors cleared the first two obstacles in its drive to restructure its loss-making European Opel/Vauxhall operations yesterday when the UK gave a firm pledge of loan guarantees and the carmaker reached the first in a series of expected labour accords.

National Semiconductor Corp. (NYSE: NSM) reported 22 cents per diluted share compared with 9 cents per share last year. analysts average $0.18. NSM beats by $0.04

The company reported $345 million in sales, and 24 percent higher than the $292 million reported in last year's third fiscal quarter.

The China Containerized Freight Index has bee-lined upward in 2010. The index tracks shipping prices for goods sailing from China to 11 different regions around the world.

Between January 15 and February 26, the index rose 17%. During the same period, the Baltic Dry Index (which tracks average shipping prices globally) fell 18%.

Devon Energy Corporation (NYSE: DVN) announced that it has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 billion.

Thanks to the Government of India and Finance Minister of India for backing the interest of Indian companies through various stimulus packages. Now the impact of the economic slowdown is almost over and software, banking, finance and other companies aim to give the benefit to its employees in form of bonus.