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Archive for the February 4, 2005

    • News Desk
    • Feb 4th, 2005
    • Comments Off on Raytheon profit up on military spending

    Defence contractor Raytheon Co on Thursday said quarterly profit rose a better-than-expected 20 percent, helped by higher spending on its Patriot missile systems and other military products. The Waltham, Massachusetts-based maker of planes, weapons and

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    • News Desk
    • Feb 4th, 2005
    • Comments Off on Raytheon profit up on military spending

    Defence contractor Raytheon Co on Thursday said quarterly profit rose a better-than-expected 20 percent, helped by higher spending on its Patriot missile systems and other military products. The Waltham, Massachusetts-based maker of planes, weapons and

    Read More

    • News Desk
    • Feb 4th, 2005
    • Comments Off on Ricoh third quarter profit up on copiers

    Japanese precision equipment maker Ricoh Co posted a rise in quarterly profit on Thursday as strong sales of colour copiers outweighed costs of downsizing its optical disk business, but cut its operating profit outlook. Ricoh,

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    • News Desk
    • Feb 4th, 2005
    • Comments Off on Ricoh third quarter profit up on copiers

    Japanese precision equipment maker Ricoh Co posted a rise in quarterly profit on Thursday as strong sales of colour copiers outweighed costs of downsizing its optical disk business, but cut its operating profit outlook. Ricoh,

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    • News Desk
    • Feb 4th, 2005
    • Comments Off on Russia’s Sistema may buy stake in India’s Aircel

    Russian conglomerate AFK Sistema took a tentative step into the fast-growing Indian mobile phone market on Thursday by signing a non-binding $450 million deal to buy a large stake in a mid-sized local firm. AFK

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    • News Desk
    • Feb 4th, 2005
    • Comments Off on EU’s Kroes vows state aid cuts, reassures regions

    EU Competition Commissioner Neelie Kroes promised to cut back further on state aid to industry but assured European parliamentarians on Thursday she had no intention of slashing aid to the EU's poorest regions. In her

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    • News Desk
    • Feb 4th, 2005
    • Comments Off on Japan securitisation market rebounded in 2004

    Standard & Poor's Ratings Services assigned its ratings to securitisation transactions (excluding credit derivative products lacking issuances of bonds or trust certificates) worth a total of JPY3,980.7 billion in Japan in 2004, an increase of

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    • News Desk
    • Feb 4th, 2005
    • Comments Off on FedEx to have Airbus A380 freighter

    FedEx Express, a subsidiary of FedEx Corporation, has recently announced that it will be first to take delivery of the giant Airbus P380-800F in August 2008 and the first to deploy the plane in service

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    • News Desk
    • Feb 4th, 2005
    • Comments Off on ECB leaves interest rates steady, awaits signs of recovery

    The European Central Bank left interest rates unchanged on Thursday, as expected, while policymakers await clear signs that the euro zone's economic recovery is on a solid footing. This leaves the benchmark interest rate at

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    • News Desk
    • Feb 4th, 2005
    • Comments Off on ECB leaves interest rates steady, awaits signs of recovery

    The European Central Bank left interest rates unchanged on Thursday, as expected, while policymakers await clear signs that the euro zone's economic recovery is on a solid footing. This leaves the benchmark interest rate at

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