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BUSINESS BRIEFS.(TO THE POINT)
FINANCE
Dull market hits Deutsche Bank
Profit at Germany's largest bank rose 15% to $792 mil, but missed views, as a plunge in trading income at its global investment bank dragged down results. Revenue at its corporate and investment bank fell 12% to $3.97 bil, while advisory and origination revenue rose 8%. Still, its CFO said it's sticking to a goal of achieving 25% return on equity. Shares fell 2.5% to 69.50.
ENERGY
Chevron profit more than doubles
The oil and gas company earned $3.88 a share in Q2, up 140% from a year ago and $1.16 over views. Like the rest of the sector, ChevronTexaco benefited from rising oil prices, particularly in its home state of California. Revenue rose 31% to $38.3 bil. Shares rose 17 cents to 95.65.
Costs cut into American Electric
- American Electric to build distribution center near Memphis.
- Press release article from: PR Newswire November 15, 1988 700+ words
AMERICAN ELECTRIC TO BUILD DISTRIBUTION CENTER NEAR...Nov. 15 /PRNewswire/ -- American Electric, a division of FL Industries...according to Clyde R. Moore, American Electric president. "This distribution...
- American Electric to phase out plant, distribution center.
- Press release article from: PR Newswire March 31, 1989 700+ words
AMERICAN ELECTRIC TO PHASE OUT PLANT, DISTRIBUTION...March 31 /PRNewswire/ -- American Electric today announced that on June 4...union," said M.K. Harless, American Electric vice president and director of...
- Energy company: We're not Enron; American Electric breaks $13 million...
- Magazine article from: Advertising Age Dipasquale, Cara B. March 4, 2002 700+ words
...all bad. At least that's what American Electric Power hopes to convey with its...campaign breaking nationally this week. American Electric's largest-ever push is the culmination...from Digitas, Boston-reflects American Electric's evolution from a Midwest utility...
- American Electric acquires lighting fixtures business. (from Philips Lighting...
- Press release article from: PR Newswire April 11, 1988 700+ words
AMERICAN ELECTRIC ACQUIRES LIGHTING FIXTURES BUSINESS...April 11 /PRNewswire/ -- American Electric, a division of FL Industries...be absorbed into one or more of American Electric's existing manufacturing and...
- American Electric Technologies Issues 2006 Annual Report and Stockholder...
- Press release article from: Business Wire October 8, 2007 700+ words
HOUSTON -- American Electric Technologies, Inc. (NASDAQ...and CEO, Arthur Dauber. The American Electric Technologies 2006 Annual Report...www.aeti.com. Dear Fellow American Electric Technologies Stockholders...
- Bellwether Report.com is Following American Electric Power Co. Inc.
- Press release article from: M2 Presswire October 10, 2006 700+ words
...Bellwether Report.com is Following American Electric Power Co. Inc.(C)1994-2006...Bellwether Report Takes Notice of American Electric Power Co. Inc. (Nyse:AEP) American Electric Power (AEP) takes its slice of...
- Regulators Delay American Electric Power's Buy of Texas-Based Utility.
- Newspaper article from: Knight Ridder/Tribune Business News Davis, Michael November 10, 1998 700+ words
...Central and South West Corp. by American Electric Power Co., saying the deal raises...cities of Austin and San Antonio. American Electric Power is based in Columbus, Ohio...its transmission system, however. American Electric Power is not part of an independent...
- Trade Alert for American Electric Power Co. Inc.
- Press release article from: M2 Presswire May 23, 2007 700+ words
...bellwetherreport.com: Trade Alert for American Electric Power Co. Inc(C)1994-2007...RDATE:23052007 Trade Alert for American Electric Power Co. Inc (NYSE:AEP) American Electric Power is one of the largest electric...