Start A Business Article

Overseas business boosts General Cable’s 2Q

General Cable Corp. improved its earnings per share by 20 percent, and beat the Wall Street view for its second quarter, helped by acquisitions and an influx of foreign customers.

The Northern Kentucky company posted second-quarter net income of $75.6 million, or $1.37 per share, compared with $62.8 million, or $1.15 per share, in the year-ago quarter. Net sales rose to $1.74 billion from $1.17 billion. Analysts, on average, had expected earnings per share of $1.31 and revenues of $1.73 billion.

General Cable said in a news release that sales growth was primarily due to the acquisition of Phelps Dodge International in fourth-quarter 2007, along with favorable foreign exchange rates. Those were partially offset by declining demand and weak economic trends in the United States and Spain. more

Barrett Business Services Earnings Review

Barrett Business Services (BBSI) announced 2nd quarter earnings Tuesday after the bell. Diluted earnings came in at $.29/share for the quarter, down from the previous year's 2nd quarter earnings of $.42/share. However, they did beat analysts' (all 2 of them) average estimate of $.22/share. Net revenue for the quarter were $72.2m, up $8.3m or 13% from the previous year's quarter and gross revenues were $269.5m, up 0.7% over the similiar period in 2007.

The outlook for the 3rd quarter:

"The Company also disclosed today limited financial guidance with respect to its operating results for the third quarter ending September 30, 2008. The Company expects gross revenues for the third quarter of 2008 to range from $277 million to $282 million, as compared to $296.8 million for the third quarter of 2007, and anticipates diluted earnings per share for the third quarter of 2008 to range from $.34 to $.36 per share, as compared to $.54 per share for the same period a year ago."

Analysts had estimated 3rd quarter estimates at $.26/share, so the company's guidance for the 3rd quarter is a positive despite the decline from the previous year's period. more

UPDATE 1-Jyothy Labs enters laundry services business

BO: Quote, Profile, Research) will enter the laundry services business with an initial investment of about 400 million rupees, an official said on Wednesday.

The funds will be used to buy machinery, 2 acres of land in Bangalore, construct a 45,000 square feet laundry facility and rent spaces for retail outlets, said Deputy Managing Director, K. Ullas Kamath.

"We should start in the next 150-180 days, the first wash will begin in Bangalore," he said.

The service, run through Jyothy Fabricare Services Ltd under the brand name 'Fabrispa', expects to tap the I.T. community in the city, where five service stations and 50 collection and delivery points will be set up, he said.

"The rising middle class population and affordability to buy branded garments opens up opportunities," said Chairman and Managing Director M.P. more

Business breakfast set for May 28

North Royalton business owners are invited to a networking breakfast May 28 at St. Paul Hellenic Center on Wallings Road.

Mayor Robert A. Stefanik and City Council are supporting the 7:30 a.m. Business Breakfast Networking Meeting.

Reservations should be made by May 23 by calling (440) 237-4300 or-emailing darlene@northroyalton.org.

The one-hour meeting includes a complimentary breakfast buffet and door prizes. Kevin Lynch, AT&T director, is sponsoring the event. Tom Jordan, the city's development director, will give an economic development update.

2008 CABLE SHOW: Business Phone Service Signals Big Opportunity For Cable

NEW ORLEANS—Business telephone services represent a huge opportunity for cable companies, but operators were cautioned that the key to their success or failure will likely be customer service, according to a Tuesday panel discussion at the 2008 Cable Show.

Heavy Reading senior analyst Alan Breznick estimated that all business in the U.S spend about $130 billion on commercial phone and data services each year. The smaller business market—those with fewer than 100 employees and initially the main focus of cable operators—spends about $50 billion annually on phone and data services, Breznick said.

While cable operators have been selling data services to business for years, Breznick said the bulk of the business spend is on phone service. But with residential cable phone well under way, and a plant that passes the vast majority of businesses in their respective service territories already, Breznick said that the cable industry is in a strong position to capture a good percentage of that business. more

Start a business

Fabio Capello admits he never expected England to be this far forward at the end of 2008 in the immediate aftermath of his first game. In accepting the job of succeeding Steve McClaren, Capello knew he had taken on a pretty stiff task. But it was not ...

Capello - delighted with progress. - Sporting Life

Nov. 20 (Bloomberg) -- U.S. lawmakers deadlocked on a plan to bail out the Big Three automakers, leaving General Motors Corp. facing the prospect it could run out of cash before a new Congress can come to the rescue next year. Democratic ...

GM, Ford, Chrysler Depart From Congress Empty-Handed (Update3) - Bloomberg

Prime Minister John Key arrived in Lima today to attend the Apec summit meeting, well briefed on what to expect by Labour's foreign affairs spokeswoman and former prime minister Helen Clark. A spokesman for Mr Key told NZPA the prime minister and ...

Helen Clark briefed new prime minister on Apec - National Business Review

“There is a scope for reduction once the new operators start rolling out (services). Tariffs for intra circle calls may come down to 20-25 paise and national calls may come down to 40-50 paise,” Raja said here. The minister also said the country ...

Call rates may fall after new telcos start: Raja - Business Standard

Take one of his first encounters with the security forces. It is a chilling account that reveals the horrors to which the Kashmiri people have been subjected over these many decades. In June 1970 Habibullah was sub-divisional magistrate in Sopore ...

LATHA JISHNU: A thin wedge of hope amidst gloom - Business Standard

Rural lobby group AgForce has welcomed a new commitment from the Queensland Government, which it says will help strengthen the rights of farmers when dealing with mining and exploration companies. The Government has announced it will revamp a mining ...

AgForce backs mining code revamp - Australian Broadcasting Corp.

THE share market was around 3.5 per cent lower at noon, after Wall St took a fresh hit overnight. Both indices had broken through the 3300-point mark at the start of trade, and hovered around 3230 at noon. Last month it was considered a psychological ...

Share market falls as panic hits global markets - News.com.au

Salesforce.com announced Thursday a 43 percent increase in third-quarter revenue, beating Wall Street's expectations. Shares of Salesforce.com rose about 11 percent in after-hours trading to $25.30 a share. It closed the regular trading session at ...

Business Tech - CNET News

Home sales in the five-county Pittsburgh region declined 12.1 percent in October compared to the same month last year, marking the 19th consecutive month of falling sales. There were 2,345 sales in October versus 2,668 a year ago, according to ...

Region's home sales off 12.1 percent in October - Pittsburgh Tribune Review

Jane Tiernan-Reilly, left, a sales associate at JW Graham in Wickford, says business has been exceptional at the start of this holiday season. The Providence Journal / Gretchen Ertl WALTHAM, Mass. — The head of the National Retail Federation ...