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Autodesk cuts full-year revenue forecast, shares fall
(Reuters) – Autodesk Inc’s first-quarter results missed market expectations on sales declines in the Americas and emerging markets, prompting the maker of AutoCAD design software to cut its full-year…
UPDATE 1-Family that founded Mexico’s Homex cuts stake in homebuilder
MEXICO CITY, May 14 (Reuters) – The family that founded Homex, Mexico’s second-biggest homebuilder, has cut its stake in the company by more than a third in a month, according to a regulatory filing on Tuesday.
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UPDATE 2-Cost cuts help ArcelorMittal defy profit warning fears
* Shares jump as much as 7.5 percent (Adds company, analyst comments, detail, background, shares)
Glencore woos investors with promise of aggressive cuts
LONDON (Reuters) – Glencore Xstrata told investors on Friday it would return cash, cut costs and sell off some assets, raising the possibility it would exceed planned synergies of $ 500 million.
UPDATE 1-Glencore woos market with promises of cuts, dividends
LONDON, May 3 (Reuters) – Glencore Xstrata wooed investors on its debut as a combined miner and trader on Friday, with promises of dividend payments and signals of aggressive cost cuts that mean it…
ECB cuts rates to support flagging euro zone economy
BRATISLAVA (Reuters) – The European Central Bank cut interest rates for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation.
Avon profit beats on cost cuts, sales jump in Brazil, Russia
(Reuters) – Avon Products Inc posted higher earnings on cost cuts and increased sales in Brazil and Russia, appearing to make progress in the turnaround plan its chief executive put in place last…
UPDATE 2-AB InBev cuts Brazil outlook after weak start to year
* Shares down 3 pct, among weakest of European blue chips (Adds financial director, analyst comments, shares)
Defense cuts pose an economic quandary for liberals
Liberals are increasingly facing a conundrum as the Pentagon experiences the deepest cuts in a generation: The significant reductions in military spending that they have long sought are also taking a huge bite out of economic growth. Read full article … Continue reading