The Traderszone Network

3 February, 2015 by The TZ Newswire Staff Comments Off on Toyota lifts profit outlook as weak yen offsets Japan slump

Toyota lifts profit outlook as weak yen offsets Japan slump

Toyota Motor Corp lifted its operating profit guidance on Wednesday in a widely expected move, as a weaker yen increases the value of sales overseas and makes up for slumping demand at home. The yen’s decline has been a boon for Toyota, which exports roughly half of its vehicles produced in Japan. The revised guidance puts Toyota’s operating profit margin forecast at 10.0 percent from 9.4 percent based on the previous projection. For October-December, Toyota said operating profit grew 27 percent to 762.88 billion yen, versus the 690.21 billion yen estimate of 15 analysts.

3 February, 2015 by The TZ Newswire Staff Comments Off on Sony trims loss forecast after strong third quarter, sees higher sensor sales

Sony trims loss forecast after strong third quarter, sees higher sensor sales

Japan’s Sony Corp said its net annual loss will likely be smaller than previously forecast after cost cuts and higher-than-expected sales of its image sensors and PlayStation video game consoles helped its third-quarter profit beat estimates. Sony also forecast a preliminary full-year net loss of 170 billion yen, narrower than its forecast last October estimating a net loss of 230 billion yen for the year.

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3 February, 2015 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Argentine prosecutor considered seeking president’s arrest

The Wall Street Journal: Argentine prosecutor considered seeking president’s arrest

Months before his mysterious death two weeks ago, Argentine prosecutor Alberto Nisman had drafted papers requesting the arrest of President Cristina Kirchner and her foreign minister.
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3 February, 2015 by The TZ Newswire Staff Comments Off on Asian shares at three-month peak, warily watching oil

Asian shares at three-month peak, warily watching oil

Asian shares took Wall Street’s lead to reach three-month peaks on Wednesday as revived risk sentiment dented the U.S. dollar and sovereign bonds, though it was unclear how long this latest mood swing would last. So far on Wednesday, oil prices were down only modestly with bulls seemingly hopeful that industry cuts to investment would lessen the glut of supply in the market. Benchmark Brent crude oil was off a slim 15 cents at $57.76, following a rise of almost 6 percent on Tuesday.

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3 February, 2015 by The TZ Newswire Staff Comments Off on Oil slips after four-day rally on demand concerns, high stocks

Oil slips after four-day rally on demand concerns, high stocks

Oil prices fell on Wednesday as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 percent over the past four sessions. The recent rebound was driven by hopes that prices may have hit a bottom after a seven-month rout slashed oil futures by nearly 60 percent and prompted major energy firms to cut spending on new production.

3 February, 2015 by The TZ Newswire Staff Comments Off on Ford adding 1,550 jobs for F-150 production, promotes UAW workers

Ford adding 1,550 jobs for F-150 production, promotes UAW workers

Ford Motor Co said on Wednesday it is adding 1,550 workers at four plants to build the new aluminum body F-150 pickup truck. The company also said that for the first time it is promoting union-represented workers from the lower entry-level wage to the pay veteran plant workers make. Between 300 and 500 workers will have been promoted by the end of the first quarter, Ford said. In 2007, the United Auto Workers union and the three major U.S. automakers including Ford agreed that new hires would be paid at a rate less than veteran UAW workers.

3 February, 2015 by The TZ Newswire Staff Comments Off on ‘Frozen’ still hot as Disney profit beats forecasts

‘Frozen’ still hot as Disney profit beats forecasts

Disney shares rose 4.4 percent to $98.23 in after-hours trading on Tuesday. The stock reached record highs in recent months on strong performances across its TV networks, theme parks and movie studio. Each of its five divisions reported higher operating income for the quarter, ended Dec. 27. At Disney’s parks unit, operating income rose 20 percent to $805 million as more people visited its U.S. parks and increased spending on tickets, merchandise, food and drinks.