Archive for February 1st, 2010

Thomas Cook

Fundamental And Technical Analysis On Company Performance Feb 1, 2010 Munya Mtetwa The analysis compares Thomas Cook with its competitors; Tui Travel Group, British Airways and Intercontinental Hotels Group. The first section of the article compares the share prices, PE ratios and the Returns on investment (ROI) of the three companies followed by technical and fundamental analyses. Share Price Analysis The share prices for Tui, British Airways and Thomas Cook are between £2 and £3, which indicate that these three companies’ share prices are within the same price range

Copper drops on concerns over China

C opper HG-FT fell to a two-and-a-half month low on Monday, as strong economic data heightened investor concerns that China, the world’s top metals consumer, may further tighten monetary policy. By 1051 GMT, copper for three month delivery on the London Metal Exchange fell to $6,680 (U.S.) a tonne from $6,745 at the curb on Friday, according to the LME.

EU says Greek plan risky

T he European Commission said Monday that it will put Greece on a tight leash, warning that it will call for extra action if Athens doesn’t make progress getting its ballooning deficit under control. Greece’s budget crisis and worries that it won’t be able to pay back debt have shaken the European Union and its shared currency, the euro, which has slid in value recently. It has also intensified speculation that other EU nations might have to bail Greece out if it risks default.

Xstrata, CAW reach tentative deal

T he Canadian Auto Workers union says it has reached a tentative contract agreement with Xstrata Nickel in Sudbury, Ont. In a statement on its website, CAW Local 598 says it “fought long and hard in the past 48 hours” to reach a fair and equitable deal. The statement says the 540 workers at the company’s mines, mill and smelter will learn the details at meeting times to be announced

Obama unveils $3.83-trillion budget

P resident Barack Obama sent Congress a $3.83-trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs. The deficit for this year would surge to a record-breaking $1.56-trillion, topping last year’s then unprecedented $1.41-trillion gap.

Exxon Mobil profit tumbles 23%

E xxon Mobil XOM-N says its fourth-quarter earnings tumbled 23 per cent as higher oil prices squeezed profit margins in its refining business. The world’s largest publicly traded oil company reported earnings of $6.05-billion, or $1.27 a share, for the final three months of 2009.

Financial Crisis 2? TARP cop says sequel a real possibility

The government’s response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned. The problems that led to the last crisis have not yet been addressed, and in some cases have grown worse, says Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP. The quarterly report to Congress was released Sunday

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