Rio Tinto unveils $7.44bn profit
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Takeover target mining firm Rio Tinto unveils a $7.44bn profit for 2007 - 1% higher than a year earlier.
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Global mining giant BHP Billiton posted the biggest net profit in Australian corporate history as soaring commodities prices and strong demand from China pushed net profit up 83 percent to 3.51 billion US dollars.
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French bank BNP Paribas, seen as a potential bidder for crisis-hit Societe Generale, reported on Wednesday a record estimated net profit of 7.8 billion euros (11.5 billion dollars) for 2007.
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Anglo-Australian mining giant Rio Tinto has defended the price it has offered for Canada&#39;s Alcan, saying that the robust economic growth of China and India would see the business prosper.
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The $101-a-share Rio Tinto bid represents a 32.8 percent premium to Alcoaâs hostile offer of $76.03 a share, potentially making it difficult for Alcoa to increase its bid.
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Temasek Holdings Pte earned S$7.4 billion ($4.4 billion) in the last fiscal year, the Singapore state-owned investment company said, revealing details of its financial performance for the first time in its 30-year history.
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Quarterly profit rose 72 percent as strong international sales and savings from the Maytag acquisition offset a drop in U.S. demand at the appliance maker.
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US industrial giant General Electric says its profit in the last three months of 2007 rose 4% to $6.7bn.
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BHP Billiton sweetened its hostile takeover bid for Rio Tinto on Wednesday by lifting its valuation of the mining giant to 147.4 billion dollars as it seeks to exploit a resources boom driven by China.
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China Mobile (Hong Kong), the world&#39;s largest cellphone operator ranked by customers, said Wednesday that profit rose 7.8 percent in the first half of this year after the company enrolled more new subscribers by offering less-expensive services. Net ...
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Rio Tinto , which is fighting  off a takeover approach from rival BHP Billiton , said  on Monday it would spend $71 million on a study to expand its  Hope Downs iron ore mine in Australia.
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The airline said fourth-quarter net income rose to $111 million compared to a year-earlier profit of $57 million, But it warned that fuel costs in the current quarter will rise substantially.
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Rio Tinto Ltd./Plc.'s   second-half net profit rose 25 percent, driven by higher prices for commodities such as iron ore, aluminum and copper, and said capacity was fully stretched as it tries to meet demand.
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Communications equipment maker Ciena Corp.  reported a better-than-expected quarterly profit on Thursday on sharply higher revenue and lower expenses, sending its shares up 7 percent.
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Anglo-Australian mining giant Rio Tinto posted a record interim net profit of 3.75 billion US dollars and reported strong ongoing demand for its products.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its goal of 40 percent market share in handset sales. The companyâs stock soared.
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Its net income during the June to September period was 2.69tr won (Â£1.2bn), 46% up on the same period a year earlier. During the period, which is Samsung Electronics&#39; fiscal third quarter, the company said