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BUSINESS NEWS.(A)
Computer Associates shares fall
on charge of dubious accounting
The software maker defended its new accounting model that lets it count revenue from short-term subscriptions. The model will benefit the firm and customers and has been copied by rivals, said CEO Sanjay Kumar. A New York Times article said the model didn't follow generally accepted accounting principles. It also said the firm has systematically overstated results for years. The company said it's unaware of any probe. Its shares fell 3.06, or 9%,to 32.19.
McDonald's president to retire
Jim Cantalupo, vice chairman and president of the world's largest fast-food chain, will step down next year. Cantalupo, 57, has been the head of international operations since 1987. McDonald's didn't name a successor. Its CFO announced his retirement in March. McDonald's has been struggling in Europe, its biggest market behind the U.S., due to outbreaks of mad cow and foot-and-mouth diseases.
GM named Mark LaNeve head of its Cadillac division. LaNeve was CEO of Ford'sNorth American Volvo division. He replaces Michael O'Malley, who left to head Ford's advertising efforts.
Buffett warns of unrealistic hopes
- 99 Cents Only Stores 1Q Sales Rose.
- Press release article from: M2 Presswire July 10, 2007 700+ words
...10 July 2007-investorIM: 99 Cents Only Stores 1Q Sales Rose(C)1994-2007 M2 COMMUNICATIONS...Are you a shareholder of 99 Cents Only Stores (NYSE:NDN)? Join...Discount-store operator 99 Cents Only Stores on Monday 2007-07...
- US retail sales rose 0.8 per cent
- Newspaper article from: The Independent - London March 21, 1996 700+ words
US retail sales rose 0.8 per cent in February thanks to the biggest incease in new car sales for six months...January's weather-related fall. Excluding cars, sales were up 0.4 per cent following a 0.2 per cent fall in January.
- Kimberly-Clark Reports First Quarter 2003 Results; Sales Rose Nearly 4 Percent...
- Press release article from: PR Newswire April 22, 2003 700+ words
...of about $16 million, or 2 cents per share, as a result of a...2002 included a charge of 2 cents per share for the cumulative...9 million, equivalent to 1 cent per share, for business improvement...Meanwhile, consumer tissue sales rose slightly in both Latin America...
- Kimberly-Clark Reports First Quarter EPS of 93 Cents, an Increase of 6 Percent...
- Press release article from: PR Newswire April 25, 2005 700+ words
...previous guidance of 92 to 94 cents per share despite significant...2004, reported net income of 91 cents per share included 3 cents per share from discontinued operations...shareholders on November 30, 2004. Sales rose more than 5 percent to $3...
- FRAGRANCE SALES WILT IN GERMANY.(women's perfume sales rose just 2.5 per cent...
- Magazine article from: WWD Drier, Melissa February 9, 2001 700+ words
...conference during the Beauty World trade fair here, the German Perfumery Association reported that women's perfume sales rose 2.5 per cent in 2000, compared to 4.5 percent in 1999. "And herewith," proclaimed Werner Harriegel, the association...
- Kimberly-Clark's Fourth Quarter 2003 Sales Rose Nearly 11 Percent to $3.7...
- Press release article from: PR Newswire January 26, 2004 700+ words
...over the prior year. Diluted net income of 91 cents per share for the quarter climbed 26 percent compared with 72 cents per share in 2002. Compared with earnings before unusual items of 76 cents per share in 2002, fourth quarter earnings per...
- Kimberly-Clark's Second Quarter 2003 Sales Rose 4 Percent to $3.5 Billion;...
- Press release article from: PR Newswire July 23, 2003 700+ words
...the prior year. Diluted net income for the second quarter was 82 cents per share in 2003, up from 81 cents per share in 2002. Compared with earnings before unusual items of 86 cents per share in 2002, second quarter earnings per share declined...
- New Delhi, Oct 14 (PTI) Passenger car sales rose 9.7 per cent in the domestic...
- News wire article from: PTI - The Press Trust of India Ltd. October 14, 2005 700+ words
...sales in the month shot up by 25.8 per cent to 5,38,889 units against 4,28...including scooter and mopeds, grew 20.4 per cent to 6,55,210 units as against 5,44...31,737 units, a growth of 14.3 per cent over 27,766 units sold in the same month...
