Trading in stores has stabilised and Tesco was able to report on Thursday a second quarterly rise in like-for-like sales in a row, which has not happened for half a decade.
The German telecoms behemoth has long coveted full ownership of Poland's biggest mobile-phone operator.The credit rating of Munich Re, the world's largest reinsurance company, was cut by Standard & Poor's, after it reported a fifth quarterly loss in a row, of euro365m ($396m).
The Wall Street investment bank, one of the world's biggest, took a $430m charge for the cuts, leaving it with a loss, its first quarterly loss in nearly nine years, of $164m.See article: American banks in troubleFor the second time in recent weeks, a European bank lost its head.
[C3.] Edison Schools Reports a Profit Edison Schools reported its first quarterly profit of $10.2 million, or 19 cents a share, eight years after it opened its first school to test the theory that a private company could make money in public classrooms.
For the last six recessions, he said, there has been a six-month median lag from the beginning of a recession to the first quarterly decline in G.D.P.
Employment fell in June and for the second quarter as a whole -- the first quarterly decline since 1958.
Employment in the sector fell in June and for the second quarter as a whole -- the first quarterly decline since 1958.
