Unilever profit soars 63% on disposals Oct 31, 2008
Amsterdam and London - Unilever's third-quarter profit had increased 63 percent on gains linked to disposals, the world's second-largest consumer products company said yesterday. It added that annual sales growth would beat its target range. (Business Report, South Africa)
WRAP Up Porn and Throw It Out Oct 24, 2008
In the days before automatic garbage disposals in kitchen sinks, good housewives would wrap up the household garbage and throw it away. Harkening back to those good ole days, several organizations joined together in 1987 with Norma Norris, a woman who was determined to get rid of pornography by raising awareness of the numerous ways that pornography hurts people and harms communities. (Townhall.com)
Smurfit-Stone Reports Third Quarter 2008 Results Oct 23, 2008
61) Weighted average shares outstanding 257 256 257 256 SMURFIT-STONE CONTAINER CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Nine Months Ended September 30, 2008 2007 Cash flows from operating activities Net income (loss) $15 $(147) Adjustments to reconcile net income (loss) to net cash provided by operating activities Loss on early extinguishment of debt 29 Depreciation, depletion and amortization 265 272 Amortization of deferred debt issuance costs 5 6 Deferred... (PR Newswire)
Monro Muffler Brake, Inc. Announces Record Second Quarter 2009 Financial Results Oct 21, 2008
For the second quarters of fiscal 2009 and 2008, total operating expenses include amounts that were historically included in Other Income and Expense, primarily related to gains and losses on property disposals, and amortization expense. Net income for the second quarter was a record $7. (Primezone Releases)
Millionaire McGuire on the move Oct 20, 2008
Kay & Burton director Michael Gibson, who represents McGuire's property possessions and disposals, declined to comment when contacted by Capital Gain. McGuire did not return calls. (Sydney Morning Herald)
Clean Energy from Anaerobic Digestion of Organic Waste Oct 17, 2008
The laws should be strict enough and in practice punishments ensured in cases of violation Even Government agencies like municipalities should ensure environment standards as regards drinking water,energy,and proper waste disposals. If industries are held responsible for environment standards degradation due to the waste they produce and dispose off they would naturally join hands in having some workable combined plant for anaerobic treatment of individual waste and thus reduce the cost... (Energy Pulse, CO)
Short Orders: Bang For Your Grocery Buck Oct 11, 2008
Save The Leftovers: A thrifty friend of mine told me that she considers in-sink garbage disposals one of the greatest enemies of frugality, because they make it easy to shovel leftovers down the drain. For very little money, you can pick up packs of cheap but durable plastic containers at your grocery store (watch for coupons. (WNBC.com, NY)
Knowing when to offload Oct 11, 2008
They have been big-time sellers this year, and when executive chairman Morris banked the last lot of proceeds this month, disposals by the three of them totalled close enough to $29 million. So how did they fare. (Sydney Morning Herald -- Business)
Cash guarantees for banks is a no-brainer Oct 5, 2008
As asset disposals and even fire sales of property and land become more common, this could throw up opportunities as well as risk. The saner elements within the property-development sector could be allowed to pick up written-down assets at attractive prices while others might be thrown to the wolves. (Times Online)
UBS Crafts A TARP Of Its Own Oct 3, 2008
UBS said it had "substantially reduced" its U.S. commercial and residential mortgage-related assets, mainly through disposals. A spokeswoman for UBS declined to value the size of the disposal or say where the toxic assets had gone. (Forbes -- Markets)
• US to build new embassy in suburban London Oct 3, 2008
"It's a larger property, a more prestigious property and a more prime location on Grosvenor Square," said Keith Wilkie, the director of worldwide real estate acquisitions and disposals for the State Department. The move would end more than 200 years of U.S. association with Grosvenor Square in London's elite Mayfair district. (Burley South Idaho Press, ID)
UBS posts profit and reaffirms 2009 outlook Oct 3, 2008
UBS said it had "substantially reduced its U.S. commercial and residential mortgage-related positions, mainly through disposals." The bank had net exposure of $31 billion in its U.S. residential mortgage related positions through June ... Jakob forecast more asset disposals, primarily of smaller units that were not in geographically important areas for UBS. Vontobel, a private Swiss bank, forecast an additional $3. (International Herald Tribune -- Money Report)
Should We Dispose of Disposals? Oct 3, 2008
Are garbage disposals bad for the environment ... Should We Dispose of Disposals ... Cities like New Yorkalong with banned disposals altogether, arguing that the added food waste would overtax the water-treatment system. (Slate)
India Hospitality Corp. Reports Financial Results as of March 31, 2008 Sep 23, 2008
NOTE B. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment comprise the following: March 31, 2008 December 31, 2006 Costs Freehold land 31,980,896 - Building 34,944,909 - Leasehold Improvements 1,179,202 - Plant and Machinery 7,761,376 - Computer 439,049 - Electrical fitting 1,196,871 - Kitchen equipments 4,910,627 - Furniture and fixture 1,423,661 - Commercial vehicles 3,066,281 - Motor vehicles 503,142 - Exchange gain 677,291 - 88,083,305 - Accumulated Depreciation Freehold land... (PR Newswire)
Mizuho to Enhance Ties with BOA, Merrill Lynch Sep 19, 2008
But Mizuho Corporate Bank expects that Merrill Lynch's operations will regain health once it completes disposals of bad assets, the officials said. The Japanese bank acquired 1. (JCN Network, Japan)
UPDATE 6-Lloyds rescues HBOS in $22 billion deal Sep 19, 2008
Daniels said he would target a ratio of between 6 and 7 percent and will pay this year's final dividend in shares, cut the dividend next year, and consider asset disposals on top of cost savings to achieve this. He declined to comment on what assets could be sold. (San Diego Union-Tribune -- Business)
Invensys Takeover Talk Rises With Software Income Masked in 10-Year Swoon Sep 11, 2008
Because of disposals what is left are very good businesses. He has a ``buy'' rating on the stock. (Bloomberg)
Sasol Limited Financial Results for the Year Ended 30 June 2008 Sep 8, 2008
Acquisitions and disposals of businesses On 10 July 2007, Sasol Wax disposed of its investment in Paramelt RMC BV, operating in the Netherlands, realising a profit of R129 million. In August 2007, Sasol Investment Company (Pty) Limited disposed of its investment in FFS Refiners (Pty) Limited in South Africa, realising a profit of R108 million. (PR Newswire)
Rohan Connolly History is against the Magpies and the Roos as they head into enemy territory where the challenge isn't just physical. Read more Sep 6, 2008
Hawks young and old fired beautifully as the visitors got home by 23 points, Jason Dunstall kicked four goals, Paul Hudson three and young ruckman Stephen Lawrence played the game of his life with 26 hitouts, 30 disposals and 14marks. The win left the Hawks one win froma grand final berth, the Eagles sentenced to three consecutive Melbourne finals to win their first flag. (The Age, Australia)
2008 1st Half Results Sep 2, 2008
49 MtM, impairment, restructuring and disposals 0 ... 2008 In EURm Operating cash flow before tax, replacement costs and changes 3,066 3,900 in working capital Concession replacements costs (101) (87) Change in working capital requirements 1,461 620 Corporate income tax paid (550) (864) Cash Flow from operating activities 3,876 3,569 Cash Flow from investing activities (934) (1,698) Investments (1,202) (1,909) Proceeds 268 211 Cash Flow from operating and 2,942 1,871 investing activities Cash... (PR Newswire)
* Top central bank warns of more losses Sep 2, 2008
Despite an aggregate US$503 billion of assets written down by banks and brokerages since the start of the credit crisis in 2007, further writedowns and outright asset disposals were thus seen as continuing over the coming months, adding to existing capital constraints and related funding needs, it said. The US government in July intervened to prevent a meltdown of housing finance giants Fannie Mae and Freddie Mac, which underpin some US$5 trillion in home loans, and whose shares were in free... (Taipei Times, Taiwan -- World)
BIS sees more pain ahead on top of $503bn in write-downs Sep 2, 2008
Despite $503 billion of assets written down by banks and brokerages since the start of the credit crisis last year, "further write-downs and outright asset disposals were seen as continuing over the coming months, adding to existing capital constraints and related funding needs", it pointed out. Expectations of slower growth in advanced economies and inflation dampened investor sentiment. (Business Report, South Africa)
Volunteers gearing up for Bitterroot cleanup Sep 1, 2008
From the trash disposals from Bitterroot Disposal to the donated meat for the barbecue, local donations are a big part of the day. The people, supporters and volunteers involved really do a remarkable job in helping the event, Doreen said. (Missoulian, MT)
More pain ahead as writedowns top $580b Sep 1, 2008
In particular, news of larger-than-expected quarterly losses at two large US housing finance agencies and at major insurance firms "served as reminders that concerns about asset quality were likely to persist''. "Despite an aggregate $US503 billion of assets written down by banks and brokerages since the start of the credit crisis in 2007, further writedowns and outright asset disposals were thus seen as continuing over the coming months, adding to existing capital constraints and related... (Sydney Morning Herald -- Business)
Roos lose to Port Adelaide 148-72 at MCG Aug 30, 2008
Port midfielder Peter Burgoyne was best afield, collecting 45 disposals as the Power won 23. 10 (148) to 10. (Sydney Morning Herald)
Marksmen Resources Ltd.: Second Quarter Financial and Operating Results and Update of Activities Aug 29, 2008
01) ---------------------------------------------------------------------------- Capital Expenditures and Disposals Oil and Gas Operations $ 119,200 $ 160,725 $ 474,715 $ 873,771 Acquisition of RXO Energy Inc. $ 0 $1,421,082 $ 0 $1,421,082 Sale of Property $ 18,000 $ 0 $1,022,904 $ 0 ---------------------------------------------------------------------------- Weighted Average Shares Outstanding Basic 53,689,301 25,304,128 53,689,301 25,304,128 Fully Diluted 57,639,301 28,004,128 57,639,301... (CCNMatthews Press Releases)
For Lehman, More Cuts and Anxiety Aug 29, 2008
For the franchise (and shares) to turn the corner, we think management needs to announce a significant bulk asset sale or framework for investors to evaluate the structure/pricing of likely asset disposals (and incremental capital, should it be needed), wrote Patrick Pinschmidt, an analyst at Morgan Stanley. He added that the weak third quarter made this more urgent (and difficult). (Atlanta Journal-Constitution -- Business)
5 ways to try to avoid Home-plumbing woes Aug 29, 2008
You can use Bio-Clean on drains, grease traps, sump pumps and garbage disposals. Regular use will prevent buildup throughout your plumbing and septic system. (AZCentral -- Home)
Smithfield reports 1Q loss Aug 27, 2008
5 million after-tax, or 4 cents per share, related to asset disposals by , the largest processed meats company in Spain. Smithfield owns 24 percent of Campofrio. (Milwaukee Business Journal, WI)
Foster's profit falls on wine woes Aug 26, 2008
Foster's Chairman David Crawford said options from the wine review included acquisitions as well as disposals, but he said Foster's had not considered any of the Constellation brands. Foster's second-half net profit before one-offs including writedowns on the wine business fell to $319. (Globe and Mail -- Business)
Kangaroos no match for classy Cats Aug 24, 2008
Jimmy Bartel and Joel Corey were the chief beneficiaries of the high-possession game with 37 touches apiece, with Gary Ablett (27 touches) and Cameron Ling (29 disposals) also in the mix. With the minor premiership race over weeks ago, it seems the battle between Bartel and Ablett for the Brownlow is the closest Geelong will come to a contest this season, with last year's winner Bartel narrowing the gap with another best-on-ground display. (ABC Online)
HBOS shuts 53 Halifax estate agency branches Aug 23, 2008
Chief executive Andy Hornby has already said he is considering "selective asset disposals" after he predicted a gloomy outlook for the next 18 months, when he expects house prices to fall by 18. Figures showing that the cost of a two-year fixed rate mortgage has returned to its pre-credit crunch level are unlikely to change his mind. (guardian.co.uk)
Holcim Second-Quarter Profit Drops on U.S. Construction Slowdown, Costs Aug 21, 2008
Holcim previously targeted 5 percent growth excluding acquisitions and disposals. Holcim forecasts the U.S. cement industry will contract this year following a record plunge in. (Bloomberg -- Europe)
La-Z-Boy Reports Fiscal 2009 First-Quarter Results Aug 20, 2008
12 LA-Z-BOY INCORPORATED CONSOLIDATED BALANCE SHEET (Unaudited, amounts in thousands) 7/26/08 4/26/08 Current assets Cash and equivalents $11,110 $14,982 Receivables, net 180,311 200,422 Inventories, net 167,455 178,361 Deferred income taxes-current 12,306 12,398 Assets of discontinued operations -- -- Other current assets 25,907 21,325 Total current assets 397,089 427,488 Property, plant and equipment, net 170,235 171,001 Deferred income taxes-long term 25,853 26,922 Goodwill 45,941 47,233... (PR Newswire)
Lappin calls time on playing career, but new role looms Aug 20, 2008
" Lappin said he would "float around" Lions training until the end of the season, showing his dedication to the club had not waned. "It does go really quickly, but I'd like to be here right to the end," he said. A member of the "fab four" that led the club to three consecutive premierships from 2001, Lappin said the club's first was the sweetest. He will forever be remembered for his courage in the 2003 decider, when he took the field with a fractured rib suffered in the preliminary final. The... (Sydney Morning Herald -- Sport)
Tigers stun Hawks to stay alive Aug 18, 2008
Jarryd Roughead, who kicked five to help beat Richmond last time, gathered only five disposals, one uncontested mark and did not kick a goal. Needing to rely on others for a genuine chance of slipping into the finals, the Tigers' joy lasted only an hour until St Kilda powered away from Fremantle in the second half of their match at Subiaco. (Sydney Morning Herald -- Sport)
North Melbourne thump Carlton by 51 Aug 17, 2008
" North's better spread of goal kickers was reflected in returns of three goals to David Hale, Shannon Grant, Brent Harvey and Leigh Harding. Hale's strong marking and Grant's roving helped the Roos slam through six goals in 15 minutes in the second term to turn a six-point deficit at quarter-time to a 32-point lead. Harvey enhanced his Brownlow Medal prospects with a game-high 30 disposals and three goals after half-time, while Harding's dash from the backline was instrumental in the win. Not... (Sydney Morning Herald -- Sport)
Water conservation can do wonders for wallet Aug 17, 2008
Garbage disposals use a lot of water. Start a compost pile or throw away food waste in the trash. (Santa Maria Times)
Going gray to go green: reusing water good for bills, environment Aug 15, 2008
Some areas also include water from kitchen sinks and garbage disposals as black water. In the typical home, more than 20 gallons of graywater are produced per person per day. (Carroll County Times, MD)
Storm Exploration Inc. Is Pleased to Announce Its Financial and Operating Results for the Three and Six Months Ended June 30, 2008 Aug 15, 2008
18 Storm Exploration Inc. Consolidated Statements of Comprehensive Income ($000s) Unaudited Three Three Six Six Months to Months to Months to Months to June 30, June 30, June 30, June 30, 2008 2007 2008 2007 ---------- --------- ------------------- Net Income for the period 9,465 2,832 15,889 7,898 Unrealized Hedging loss (2,489) 155 (5,267) - Related income tax benefit 802 (50) 1,580 - ---------- --------- ------------------- Other Comprehensive income (loss) (Note 9) (1,687) 105 (3,687) -... (CCNMatthews Press Releases)
HBOS to cut jobs and close mortgage units Aug 14, 2008
The news comes weeks after HBOS said it would consider disposals or winding down businesses as it positions itself for a shrinking mortgage market and a fall in house prices of up to 20 percent. A total of 325 jobs will be cut from the bank's mortgage operation and a further 100 will go in IT. HBOS told the paper it aims to redeploy staff. (Hemscott)
Canadian Sub-Surface Energy Services Announces Q2 2008 Financial Results Aug 11, 2008
The Company's net capital expenditures (ie acquisitions net of proceeds from disposals) for property and equipment during Q2 2008 amounted to $8. 0 million. (CCNMatthews Press Releases)
Destiny Resource Services Corp. Announces Q2'08 Results Aug 11, 2008
4 million represented sustaining purchases less disposals for the operating business. COMMITMENTS AND CONTRACTUAL OBLIGATIONS. (CCNMatthews Press Releases)
Rosetta Resources Inc. Announces Record Second Quarter 2008 Production and Revenues and Provides Operational Update Aug 8, 2008
54 ========= ========= ========= ========= Weighted average shares outstanding: Basic 50,585 50,354 50,547 50,340 Diluted 50,961 50,625 50,873 50,565 Rosetta Resources Inc. Consolidated Statement of Cash Flows (In thousands) (Unaudited) Six Months Ended June 30, 2008 2007 --------- --------- Cash flows from operating activities Net income $ 66,804 $ 27,082 Adjustments to reconcile net income to net cash from operating activities Depreciation, depletion and amortization 103,152 66,893 Deferred... (Primezone Releases)
Full Year Results to 30 June 2008 Aug 8, 2008
(viii) The future minimum non-cancellable rental revenues are: 2008 $000 2007$000 Not later than one year 65,703 60,556 Later than one year not later than five years 260,196 242,224 Later than five years 129,257 178,125 455,156 480,905 (d) Reconciliation of movement in investment properties Opening balance at the beginning of the financial year 950,200 721,125 Capital additions 51,419 61,969 Capital disposals - (755) Net (loss)/gain from fair value adjustments (39,319) 167,861 Closing balance at... (Sydney Morning Herald)
Harmony in cash crunch as sales falter Aug 8, 2008
Johannesburg - Harmony Gold's strategy to bring in cash through disposals has come under pressure as transactions worth a total of R4. 4 billion have been halted or delayed, while shares received as payment have lost value. (Business Report, South Africa)
Rats: The other rodents at OSU Aug 7, 2008
Much of the city s stormwater and sewer systems are connected, so unused food that goes down garbage disposals provides nourishment for the critters. The rodents usually can travel freely and typically don t leave the pipes unless there s a free and easy lunch above. (Corvallis Gazette Times, OR)
Salem Communications Announces Second Quarter 2008 Total Revenue of $57.5 Million Aug 7, 2008
5 million recognized on the sale of radio station WVRY-FM, Nashville, Tennessee and various fixed asset disposals; and. A $1. (Yahoo! Wire -- Entertainment News)
Tredegar Reports Second-Quarter Results Aug 6, 2008
51 Shares used to compute earnings (loss) per share: Basic 33,997 39,402 34,231 39,337 Diluted 34,211 39,584 34,445 39,537 Tredegar Corporation Net Sales and Operating Profit by Segment (In Thousands) (Unaudited) Second Quarter Ended Six Months Ended June 30 June 30 2008 2007 2008 2007 Net Sales Film Products $135,529 $130,260 $267,843 $266,321 Aluminum Extrusions 92,682 99,412 183,747 203,183 Total net sales 228,211 229,672 451,590 469,504 Add back freight 5,797 5,210 10,898 10,265 Sales as... (PR Newswire)
Not enough water to draw on Aug 6, 2008
Some ways to implement conservation include installation of low-flow fixtures and limiting the installations of garbage disposals in the units. Environmental engineering firm Camp, Dresser, and McKee will complete a water evaluation and Woodard and Curran, which has done impact studies on the water use of the power plant, will evaluate the sewer impact. (Billerica Minuteman, MA)
News Corporation Reports Record Full Year Operating Income of $5.4 Billion; Growth of 21% over Fiscal 2007 Aug 6, 2008
Proceeds from sale of investments, other non-current assets and business disposals. . (Yahoo! Wire -- Entertainment News)
Crows pip Carlton by eight points Aug 2, 2008
Welcome to The Sydney Morning Herald. August 2, 2008 - 7:44PM. (Sydney Morning Herald -- Sport)
Kingfisher sells Italian business for eur560m Aug 2, 2008
While he again reiterated there are no sacred cows in Kingfisher s portfolio, Mr Cheshire said he did not anticipate any further disposals for the foreseeable future. Kingfisher has 850 stores, including its B&Q, Castorama and Brico Depot brands, in nine countries in Europe and Asia. (Independent)
Ruling against wells is upheld Aug 1, 2008
" Although, King said, he might first ask the environmental appeals board of the EPA to reconsider its decision. Environmental Disposals Systems began operating the wells Dec. 27, 2005. During a routine inspection Oct. 23, 2006, by the Michigan Department of Environmental Quality, inspectors found an aboveground leak at the facility and shut down the wells. Subsequent inspections by EPA officials confirmed the leak and identified numerous other violations of the permit. It is estimated that the... (The News-Herald)
HBOS profits halved Aug 1, 2008
As it reported 848m of profits, the bank admitted that it was considering "selective asset disposals" barely a week after. The group, led by chief executive Andy Hornby, did not indicate which assets were on the block but this could prompt speculation that its Australian and Irish operations are up for sale. (guardian.co.uk)
IMERYS - First-Half 2008 Consolidated Results Jul 31, 2008
9 Income on asset disposals - (1 ... 4) after deduction of cash acquired Acquisitions of available-for-sale financial assets - - Disposals of property, plant and equipment and 14 ... 0 intangible assets Disposals of investments in consolidated entities - 0. (PR Newswire)
Eutelsat Communications Reports 2007-2008 Results Exceeding Objectives Jul 31, 2008
(25) Operating free cash flow is defined as net cash flow from operating activities less acquisition of satellites and other property, plant and equipment, net of disposals. (26) In 2007-2008, includes 18 million euros of proceeds from exercise of stock options by minority shareholders of Eutelsat SA and 1. (Yahoo! Wire -- Entertainment News)
Mondi has progress in its plan Jul 30, 2008
Reported profit before taxation was down 32 percent because of a change in special items from a 47 million gain in 2007 (mainly disposals) to a 39 million charge in 2008 (mainly closure costs). The half year dividend was up five percent at 7. (Business Report, South Africa)
Smurfit-Stone Reports Second Quarter 2008 Results Jul 29, 2008
23) Weighted average shares outstanding 257 256 257 256 SMURFIT-STONE CONTAINER CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) Six Months Ended June 30, 2008 2007 Cash flows from operating activities Net loss $(50) $(54) Adjustments to reconcile net loss to net cash provided by (used for) operating activities Loss on early extinguishment of debt 28 Depreciation, depletion and amortization 175 181 Amortization of deferred debt issuance costs 4 4 Deferred income taxes... (PR Newswire)
Unilever to sell US laundry products business for US$1.45 billion Jul 28, 2008
But "we expect some more comments on the use of these proceeds and of the other recent disposals at the publication of results," he said. Last week, Unilever agreed to sell its Bertolli olive oil business to Spain's Grupo SOS for 630 million (US$999 million). (International Herald Tribune -- Technology)
Dons deal Magpies a finals blow Jul 27, 2008
By then, Essendon had racked up 71 disposals, Collingwood, incredibly, just 26, less than two per minute of football ... Like Welsh, superb again on the ball, finishing with 29 disposals, five tackles, four clearances and a career-best four goals ... The ruckman continues to impose himself like never before on matches, yesterday with 24 disposals, six marks, 10 hitouts, six clearances, a goal, and a presence that Collingwood couldn't find anywhere save the occasions Cloke was given a chance to... (Sydney Morning Herald -- Sport)
U.S. stocks face prolonged bear dance Jul 25, 2008
In the absence of significant new and targeted capital, Mr. El-Erian said, the current dynamics in the housing markets will force further asset disposals which, in turn, will push prices lower, causing yet another round of sales and foreclosures. Nationwide, more than 8,000 properties enter foreclosure each day. (Globe and Mail -- Business)
Royal Bank of Scotland likely to shelve sale of insurance unit Jul 24, 2008
That target, however, includes both the bank's 12 billion rights issue, completed last month, and a 4 billion increase in capital from asset disposals, most of that from the sale of RBS Insurance ... RBS said in April that there was scope for "fewer disposals" while still meeting its capital ratio target. (International Herald Tribune -- Business)
All-Australian wildcards Jul 23, 2008
His average of 16 disposals and five marks is also a career high, Hille averaging the third most disposals of any ruckman in the competition ... Bock has become the perfect key position rebounding defender, averaging 23 disposals, eight marks and four rebound 50s a game ... That's eight, two and three more for those categories than last year, the undoubted highlight an amazing 35 disposals against Hawthorn in round 12. (Sydney Morning Herald -- Sport)
Commonwealth in Talks to Buy ABN's Australia Unit After National Pulls Bid Jul 23, 2008
RBS, which also wants to sell its insurance unit, must raise about 4 billion pounds ($8 billion) in disposals even after amassing 12. 3 billion pounds in Europe's biggest rights offering last month, to help bring capital ratios in line with peers. (Bloomberg -- Australia & New Zealand)
