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BUSINESS BRIEFS.(TO THE POINT)
SCHOOLS
Corinthian Colleges beats Q3 EPS
The for-profit school chain rose 7% to a new high of 45.68 after earning 39 cents a share, a nickel over views and 56% over last year. Sales rose 53% to $135.5 mil, aided by newly opened campuses and stronger enrollment. The news comes a week after strong results from rival Career Education.
DIVERSIFIED
GE nears bond insurance unit sale
A group including mortgage insurer PMI Group, Bank of America and private equity firms Blackstone Group and Cypress Group is near a deal to buy the GE financial guaranty unit for $2 bil, sources said. None of the four parties would have a 50% stake, but PMI would be able to buy the others out over time.
** EU regulators said GE's planned $2.2 bil buy of Instrumentarium will be affected by the EU's move to OK Siemens and Draegerwerk's deal to pool parts of their medical businesses -- after big changes.
- Black companies hit record $10 bil in 1993 revenues
- Newspaper article from: Washington Afro-American Denise L. Laing July 2, 1994 700+ words
...Afro-American 07-02-1994 Black companies hit record $10 bil in 1993 revenues. New York, N.Y.--The nation's 100...largest majority-owned corporations, where combined 1993 sales rose only 4.5 percent. The annual report also includes the B...
- KT Freetel Records W116 Bil.in Profits.
- Newspaper article from: Korea Times (Seoul, Korea) February 23, 2001 700+ words
...last year. KT Freetel became the first PCS (personal communication service) operator in Korea to record a profit. Its sales rose 23 percent year-on-year sparked by a sharp 365 percent growth, or 51 billion won, in sales in the wireless data communications...
- Nike sees $6 bil. sales. (international sales forecasts)
- Magazine article from: Footwear News Bannon, Lisa March 9, 1992 700+ words
...rate of 36 percent over the past five years and is estimated to reach $1.1 billion in 1992. Last year, international sales rose 80 percent to $862 million from $480 million in 1990, Donahue said. Europe accounts for about 80 percent of Nike's international...
- L'Oreal proves tough competitor; After $10 bil bet, P&G is still losing...
- Magazine article from: Advertising Age Neff, Jack February 23, 2004 700+ words
...L'Oreal sales down 1.8% in 2003 to $17 billion globally, its sales were up 7.1% on a constant-currency basis. Sales rose 6% in North America on a fixed currency basis, despite a U.S. market where, even including Wal-Mart Stores, most...
- Shiseido incurs group net loss of 8.86 bil. yen in FY 2004.
- Newspaper article from: Kyodo News International (Tokyo, Japan) April 27, 2005 700+ words
...Group pretax profit fell 14.7 percent to 30.58 billion yen on sales of 639.83 billion yen, up 2.5 percent. Cosmetics sales rose slightly at home and were brisk in overseas markets, including China, Shiseido said. In addition to a rise in advertising...
- Korea Zinc's First-Half Net Profit Jumps to 51 Bil Won.
- News wire article from: YON - Yonhap News Agency of Korea July 26, 2004 700+ words
...up 90.7 percent from the same period last year. In its filing with the Korea Stock Exchange, the company said its sales rose 22.3 percent to 568 billion won over the cited period, with its operating profit also jumping 209 percent to 73.1 billion...
- FY 2005 Shimadzu group net profit falls 4.9% to 11.32 bil. yen.
- Newspaper article from: Kyodo News International (Tokyo, Japan) May 19, 2006 700+ words
...percent to 11.32 billion yen in the year ended in March while pretax profit rose 5.6 percent to 18.32 billion yen. Sales rose 3.9 percent to 242.64 billion yen, which the company attributed to stepped-up marketing efforts in Europe and India...
- What's hot: health care and hydrogen. (Industrial Gases).(major producers of...
- Magazine article from: Chemical Week Hunter, David March 5, 2003 700+ words
...year, he says. Air Liquide has built up the biggest health care business of the gases companies, and says its health care sales rose 6% last year, to [euro]1.2 billion ($13 billion). Air Liquide's business is heavily weighted to Europe, particularly...
