Unitab cuts growth odds
631305
SHARES in Unitab pushed higher yesterday despite a warning that the waging and gaming company&#39;s growth was likely to slow this year.
587435
The Asian Development Bank (ADB) raised its 2004 economic growth forecast for the region to seven per cent from 6.8 per cent due to surging exports, but cut its 2005 estimate as it sees China&#39;s expansion slowing.
497557
ABN Amro, the Netherlands&#39; largest bank, is to cut 2,850 jobs as a result of falling profits. The cuts - amounting to 3% of the bank&#39;s workforce - will result in a one-off charge of 790m euros ($1.1bn).
337352
NEW YORK -- Standard &amp; Poor's Ratings Services said yesterday it cut its credit rating on medical device maker Boston Scientific Corp., saying weaker-than-expected sales have placed pressure on the sizable debt the company took on to buy Guidant Corp. this year.
620626
The Longaberger Co. is reducing the size of a planned layoff to 784 employees, down from its July estimate of 970. The Newark-based basket maker said the jobs will end Sept.
105583
BrazilÂs central bank cut its forecasts for inflation and growth in 2006, indicating that there may be more interest rate cuts this year as price increases stay tame amid an economic slowdown. In its quarterly inflation report, the bank reduced its 2006 inflation forecast to 3.4 percent, from 3.8 percent, while it raised its 2007 projection to 4.3 percent, from 4.2 percent. The bank also reduced its forecast of growth in the gross domestic product for 2006 to 3.5 percent, from 4 percent. ÂThis report indicates more interest rate cuts, not fewer,Â said Guilherme da NÃ³brega, chief economist at the ItaÃº Corretora brokerage in SÃ£o Paulo. ÂIt shows G.D.P. growth is lower than the bank previously expected and so the inflation outlook is calmer.Â.
762222
LONDON, November 25  - Confederation of British Industries (CBI) has reduced its growth forecasts for the UK economy in 2005, since the closely-monitored UK manufacturing index declined to its lowest level this month.
485796
The company will cut more than 6 percent of its shrinking work force, as part of a plan to improve sagging financial and operational results.
432913
TORONTO (CP) - Non-energy income trusts are disappointing investors, with two more cutting or suspending their cash distributions to unitholders this week and causing the value of their units to plummet.
594935
Analysts cut their ratings and slashed stock targets for Open Text Corp.(OTC.TO: Quote, Profile, Research) on Wednesday, citing concerns that the software maker&#39;s warning of weaker-than-forecast quarterly results signal growth
480141
The General Electric Companyâs Japanese consumer lending unit said it would close 60 percent of its branches and cut 15 percent of its employees as part of a restructuring plan. The GE Consumer Finance Company, a Tokyo-based lender, will shut 73 of its 115 branches and 200 of its 1,342 unmanned outlets, the firm said. The company said it would also cut as many as 400 employees out of 2,600 by the end of June.
356424
Shares of Dj Orthopedics Inc. sank as much as 18 percent Tuesday on news the rehabilitation medical device maker cut its third-quarter outlook on lower sales and costs from the integration of Regentek, the bone growth device company it bought in November.
608817
The axe has fallen. Bank of America said it will eliminate 3,000 jobs following its announcement last week of a huge drop in earnings for the third quarter. Most of the layoffs will come from its investment banking unit. BofA also said it was starting a strategic review of its investment banking business, raising [...].
558870
Swedish carmaker Saab reduced its  annual sales targets as the General Motors  unit tries to  reach break-even, the head of GM Europe said in an advance  abstract of a report in Automotive News Europe on Saturday.
313747
Slashed earnings estimate pulls down shares.
148087
The Asian Development Bank on Wednesday cut its 2004 economic growth forecast for Thailand to 6.4 percent from 7.2 percent, citing the outbreak of avian influenza and higher oil prices.
12527
Cott Corp. BCB.TO COT.N, the  world's largest maker of store brand drinks, reported a 14  percent fall in third-quarter earnings and cut its year profit  outlook on  Wednesday as U.S. growth drove up costs.