Reuters Business News: Wal-Mart’s Seiyu now sees 6th straight annual loss - MSN Money
Seiyu’s earnings downturn has raised speculation that Wal-Mart will either take steps to prop up the struggling unit or may consider pulling out of Japan as it did from South Korea and Germany last year. The world’s largest retailer has invested more than $1 billion in the 393-store Japanese supermarket chain but has yet to see anything more than temporary upswings in sales amid stiff competition with bigger rivals such as Aeon Co.

August 14, 2007 @ 9:03 AM · Filed under Uncategorized
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Reuters Business News: UBS Q2 net profit up but warns of weaker H2 - MSN Money
The result included a 1.926 billion francs windfall from the sale in June of UBS’s 20.7 percent stake in Swiss private bank Julius Baer . It compared with net profit of 3.275 billion francs in the first quarter.

August 14, 2007 @ 9:02 AM · Filed under Uncategorized
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Reuters Business News: Wary stock markets slip yen climbs - MSN Money
The cautious mood was set to spread to Europe where financial bookmakers are calling for initial declines of up to 1.2 percent for European benchmark indexes. Asian central banks were largely back to business as usual on Tuesday after central banks around the world had pumped extra money into financial systems in the last few sessions to head off dangers of a credit squeeze.

August 14, 2007 @ 9:02 AM · Filed under Uncategorized
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