Turnarounds planned for Valero’s Corpus Christi and Three Rivers facilities
— Valero Energy Corp. h
Spring buying boosted home prices for second month
The Standard & Poor’s/Case-Shiller home-price index released Tuesday showed prices rose in 16 of the 20 cities tracked, including Miami, with a 1.2 percent increase even after adjusting for those seasonal factors.
Tampa, meanwhile, saw a 0.6 percent decline from April to May, hitting the lowest points since the Great Recession began. It joined Detroit and Las Vegas — two other cities hit hardest by the housing crisis — in that unwanted distinction.
Boston posted the biggest monthly increase, followed closely by Minneapolis and Washington.
MetLife beats forecasts despite natural disasters
July 28, 2011 – NEW YORK – MetLife Inc
But the company beat expectations easily on an operating basis, and shares rose 2.5 percent in after-hours trading.
MetLife, which had already warned of an unexpectedly large catastrophe loss in the quarter because of severe tornadoes in April and May, said disaster losses totaled $174 million in the second quarter. It
Investment Column: Glaxo remains a healthy bet for investors
Our view: Buy
Share price: 1,373p (+9.5p)
Amid all the doom and gloom across the stock market and beyond, GlaxoSmithKline gave investors a reason to smile yesterday.
Yes, turnover was down in the second quarter, but the pace of decline was slower than before. Not just that, but profits were sharply higher, and the second-quarter dividend was up by a healthy (sorry) 7 per cent.
The easing of the pace of declines, while encouraging in itself, is particularly positive in that it chimes with what management has been saying all along. So not only does the performance confirm confidence in the company, but it shows that the top team has its eye on the ball.
GTECH revenue down in 2011 first half
ROME – Lottery and gaming giant Lottomatica Group said on Thursday its Providence-based subsidiary GTECH Corp. saw revenue decline 9.8 percent in the first half of 2011.
GTECH Lottery revenue dropped to 381.8 million euros ($546 million at an exchange rate of 1 euro per $1.43) in the first six months of the year from 423.4 million euros ($605.5 million) as seen in the first half of 2010.
GTECH’s G2, the e-commerce solutions unit formed in 2009, contributed 38.9 million euros ($55.6 million) in revenue during the first half, a gain of 5.8 percent from the prior year.
For the second quarter, GTECH lottery revenue dropped to 192.2 million euros ($274.8 million), as compared with 230.5 million euros ($329.6 million) in the same 2010 period, mainly due to foreign currency translations, product sale cyclicality, and changes in GTECH’s contract portfolio mix, it said.
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