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Europe News
Ford still on track for 2006 profit in EuropeFord still on track for 2006 profit in Europe Ford Motor Cos We have declared that we will be profitable in Europe this year and we expect to stay there, he said on the sidelines of a ceremony marking the production launch of two vehicles in Belgium. Ford had previously said its expected European operations to post a pre-tax profit this year excluding special items. More: abcnews.go.com Related Travel InformationEurope plans to track all emails and phone callsEurope plans to track all emails and phone calls EUROPEAN ministers have agreed on plans that will force telecommunications companies to retain phone and email logs for at least six months, to help investigations into terrorism and other serious crimes. "It is an essential tool for law enforcement," said British Home Secretary Charles Clarke, who chaired the ministers' meeting. He said the plans allowed governments to decide how long telecoms companies in their nations should retain the data, as long as it was between six and 24 months. "We have agreed to a system which gives flexibility to member states who want to go Europe: Bourses fall on fears of profit slowdownEurope: Bourses fall on fears of profit slowdown European stocks fell Tuesday after oil climbed to a record, stoking concern that a slowdown in earnings growth will worsen. The high price of oil is weighing on European markets, said Alan Borrows, fund manager at Midas Capital Partners in Liverpool in Britain. Input costs are rising significantly and that will place pressure on companies profit margins. The Dow Jones Stoxx 600 index slipped 0.32 points to 334.04, though energy companies and mining stocks limited its losses. The Stoxx 50 fell 5.04 points to 3,513.62, and the Euro Stoxx Around the Markets: Auto stocks in Europe need a mapAround the Markets: Auto stocks in Europe need a map Volkswagen's chief executive, Bernd Pischetsrieder, has said that 2005 was a "long ways from a good year." His counterpart at Renault, Carlos Ghosn, has predicted that profit in 2006 will fall as models age. Neither view is evident in the companies' share prices. The stocks have rallied this year on investors' belief that European carmakers will increase their profit by cutting costs. Volkswagen, for instance, plans to eliminate as many as 20,000 jobs in Germany. Shares are also rising on the view that a string of new sedans and hatchbacks VW, Fiat Lead Second Monthly Gain in Europe Car SalesVW, Fiat Lead Second Monthly Gain in Europe Car Sales Volkswagen AG and Fiat SpA led a gain in European car sales in February, while General Motors Corp. and Ford Motor Co. lost market share for the second month in a row. Industrywide sales climbed 2.1 percent to 1.08 million vehicles from 1.06 million a year earlier, the Brussels-based European Automobile Manufacturers Association said in a statement today. Two-month sales gained 2.5 percent to 2.34 million units. Ford and GM's sales declined this year as customers were attracted to new models from competitors such as Volkswagen's Passat midsize sedan and Ispat Ind & Stone India Q4 resultsIspat Ind & Stone India Q4 results Ispat Industries has reported a net loss of Rs 153.14 crore for the quarter ended March 31, 2006, compared to net profit of Rs 38 crore in the same period last year. Total income was up 14.6 per cent at Rs 1,291.15 crore from Rs 1,126.54 crore over the corresponding periods. Stone India net up 261% Stone India has recorded net profit of Rs 8.3 crore for the financial year ended March 2006 compared with Rs 2.3 crore, improvement of 261 per cent over the previous financial year. Turnover stood |
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