Reuters Business News: TNT operating profit up 7 pct in Q1 keeps outlook - MSN Money
Earnings before interest and tax (EBIT) rose to 351 million euros ($479 million) from 327 million euros in the previous year and compared with the average forecast of 340 million euros in a Reuters survey of nine analysts. Results of TNT’s Dutch mail business benefited from a 14 million euro real-estate gain as well as close cost controls while mail volume remained under pressure due to competition and the popularity of email and online services …

May 3, 2007 @ 9:01 AM · Filed under Uncategorized
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Reuters Business News: UBS winding up hedge fund after Q1 profit hit - MSN Money
Dillon Read Capital Management ran up losses of 150 million in the first quarter becoming the latest casualty of the meltdown earlier in the year in the United States subprime mortgage market. “This was related to the U.S.

May 3, 2007 @ 9:01 AM · Filed under Uncategorized
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Reuters Business News: Microsoft to acquire mobile ad company ScreenTonic - MSN Money
Microsoft the world’s largest software maker did not disclose the financial terms of the deal. Paris-based ScreenTonic is one of the first companies in Europe to develop a platform to manage and place ads on the mobile Internet.

May 3, 2007 @ 9:01 AM · Filed under Uncategorized
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