Peru's Buenaventura 2nd-Quarter Net Income $152.6 Million Vs $197.6 Million
LIMA, Peru--Peruvian mining company Compania de Minas Buenaventura SAA (BVN, BUENAVC1.VL) said Tuesday second-quarter net income totaled $152.6 million, or 60 cents a share, down from $197.6 million, or 90 cents a share, in the same quarter a year earlier.
Allstate Swings to 2nd-Quarter Profit as Catastrophe Claims Drop
Allstate Corp. (ALL), the largest publicly traded home-and-auto insurer in the U.S., swung to a second-quarter profit as the company raised rates and natural disasters proved far less costly.
Total Buys Oil Interests In Kurdistan, Challenging Baghdad
Total SA (TOT) challenged the Iraqi authorities Tuesday as it announced the acquisition of a 35% interest in two oil-exploration blocks in Kurdistan, a semi-autonomous region in northern Iraq, just days after the central government in Baghdad blacklisted Chevron Corp. (CVX) from contracts in the
Facebook Shares Sink to Record Low
Shares of the social networking site slid 6.2% as investors continue to worry about decelerating user growth, lackluster earnings and its ability to sustain its rich valuation.
ADM: New Brazil Port Is 'Faster, More Cost-Effective' Export Corridor
Archer Daniels Midland Co. (ADM) expects a new port terminal it has agreed to purchase in Brazil's northern Para state to streamline exports of grains from the country's central breadbasket, a company executive said Tuesday.
Colombian Stocks Fall on Oil Shares; Peso Weakens
Colombian stocks fell Tuesday as heavily traded oil shares declined in line with a 2% drop in global prices for a barrel of oil.
Frontier Communications 2Q Profits Down 44%
Frontier Communications Corp.'s (FTR) second-quarter earnings fell 44% as the regional telecommunications company reported heavy one-time costs and fewer residential and business customers.
Argentina's Bonds, Stocks End July Lower Ahead of Central-Bank News
Argentina's bonds and stocks fell in the last trading day of July as investors waited to see if the U.S. Federal Reserve and European Central Bank will announce further stimulus measures later this week.
United Continental Drops Aer Lingus Pact
United Continental Holdings Inc. (UAL) said it is dropping a controversial deal that saw Ireland's Aer Lingus Group PLC (EIL1.DB) operate a transatlantic flight on behalf of the U.S. airline, riling pilots who have been protesting about the outsourcing of flying.
Countdown to 'Taxmageddon': What's Next?
Mark your calendars: Jan. 1, 2013, could be one of the biggest tax disaster days in recent memory. Or not. That's the day when current tax rates, compliments of the Bush tax cuts, are slated to expire. That's also when the employee payroll tax rate, now 4.2 percent, is scheduled to go back up to