United States corporations ended 2011 with the
slowest profit growth in two years as the mending economy that lifted
Macy’s Incorporation was met by a European slump that vexed companies
more tied to global sales, such as Cisco Systems Incorporation.
Friday, January 27, 2012
M profit tops estimates amid higher demand
MINNESOTA: 3M, the maker of Post-It
Notes and fuel system tune-up kits, posted higher profit than analysts
estimated amid increasing demand for aerospace and auto industry
products.
According to a Bloomberg
report on Thursday, net income rose 2.8 per cent to $954m, or $1.35 per
share, compared with $928m, or $1.28, a year ago, the St. Paul,
Minnesota-based company said in a statement. The average estimate from
16 analysts surveyed by Bloomberg was $1.31.
State of the nation
NIYI ODEBODE who examines the spate of
bombings by the militant Islamic sect, Boko Haram, notes that the
Federal Government is finding it difficult to arrest the country’s
drift to anarchy
ACN leader begins consultations with opposition, others
From the punch new
Former Governor of Lagos State and National Leader of
the Action Congress of Nigeria, Asiwaju Bola Tinubu, has begun a round
of consultations with members of the opposition, civil society and
pro-democracy groups and individuals in the country.
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