Mining giant could write down as much as 7 million when it releases results tomorrow. And chinese regulators clamp down on everbright securities after causing a market spike on friday and admitting human error in a false bond trade this morning. Announcer youre watching Worldwide Exchange. Bringing you Business News from around the globe. Sticking with the everbright story, we just got flashes out saying that China Everbright securities is planning to sell assets, raise money through various channels to cope with the fund shortfall. This is according to an executive of the firm. Remember that everbrights trading arm has been suspended after the trading glitches on friday. And again this morning, chinas everbright securities saying that human error caused the mistake in the bond trade on monday morning. So tough times for everbright securities out in china. Again it has said it wants to sell assets or has to sell assets to raise money through various channels to cope with the fund short
Points, sending markets to levels not seen since early september. The heavy selling came after several household names reported weak Quarterly Financial reports and lowered their expectations for the rest of the year. 3m, dupont, and xerox were among those releasing disappointing results. Erika miller reports worries about revenues have cast a shadow over the profit picture. Reporter yes, its earnings season. But earnings are not the most important indicator this quarter. Its revenues how much money a Company Makes before expenses. Profits can go down, profits can go up. Sales, you want to see nice steady growth. And when you are seeing big drops in revenues and revenue misses, thats definitely a red flag. Reporter in the latest quarter, a slew of big name firms have reported higher earnings but lower revenues, including bank of america, ibm, 3m, morgan stanley, oracle, and walgreens. For most, the biggest problem is europe, where many countries are in recession. It doesnt help that th
Points, sending markets to levels not seen since early september. The heavy selling came after several household names reported weak Quarterly Financial reports and lowered their expectations for the rest of the year. 3m, dupont, and xerox were among those releasing disappointing results. Erika miller reports worries about revenues have cast a shadow over the profit picture. Reporter yes, its earnings season. But earnings are not the most important indicator this quarter. Its revenues how much money a Company Makes before expenses. Profits can go down, profits can go up. Sales, you want to see nice steady growth. And when you are seeing big drops in revenues and revenue misses, thats definitely a red flag. Reporter in the latest quarter, a slew of big name firms have reported higher earnings but lower revenues, including bank of america, ibm, 3m, morgan stanley, oracle, and walgreens. For most, the biggest problem is europe, where many countries are in recession. It doesnt help that th
26. 5, the s p dropped almost 21 points, sending markets to levels not seen since early september. The heavy selling came after several household names reported weak Quarterly Financial reports and lowered their expectations for the rest of the year. 3m, dupont, and xerox were among those releasing disappointing results. Erika miller reports worries about revenues have cast a shadow over the profit picture. Reporter yes, its earnings season. But earnings are not the most important indicator this quarter. Its revenues how much money a Company Makes before expenses. Profits can go down, profits can go up. Sales, you want to see nice steady growth. And when you are seeing big drops in revenues and revenue misses, thats definitely a red flag. Reporter in the latest quarter, a slew of big name firms have reported higher earnings but lower revenues, including bank of america, ibm, 3m, morgan stanley, oracle, and walgreens. For most, the biggest problem is europe, where many countries are in
Points, sending markets to levels not seen since early september. The heavy selling came after several household names reported weak Quarterly Financial reports and lowered their expectations for the rest of the year. 3m, dupont, and xerox were among those releasing disappointing results. Erika miller reports worries about revenues have cast a shadow over the profit picture. Reporter yes, its earnings season. But earnings are not the most important indicator this quarter. Its revenues how much money a Company Makes before expenses. Profits can go down, profits can go up. Sales, you want to see nice steady growth. And when you are seeing big drops in revenues and revenue misses, thats definitely a red flag. Reporter in the latest quarter, a slew of big name firms have reported higher earnings but lower revenues, including bank of america, ibm, 3m, morgan stanley, oracle, and walgreens. For most, the biggest problem is europe, where many countries are in recession. It doesnt help that th