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Tata Steel's consolidated net profit surges 62.5 percent on Corus earnings |
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India's largest private sector steel producer Tata Steel has reported 62.5 percent jump in consolidated net profit for the quarter ended June 30, 2008 (Q1 of FY09), boosted by earnings of its Anglo-Dutch steel unit Corus.
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Hurricane Ike is the Latest Wild Card in the “Guess the Gasoline Price Game” |
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By William Patalon III
Executive Editor
Money Morning/The Money Map Report
Last week’s crude and gasoline inventories dropped more than expected as the effects of Hurricane Gustav resulted in some production disruptions. Gustav, which struck last month, was the fourth-most-destructive storm to hit the United States, causing $20 billion in damages.
And then came Hurricane Ike.
Ike made landfall in the Galveston area of the U.S. Gulf Coast on in the pre-dawn hours Saturday (the day I was penning this column) as a Category 2 storm with winds hitting 110 miles per hour. Ike’s path toward Houston makes it the first storm to hit a major U.S. metropolitan area since Hurricane Katrina eviscerated New Orleans in 2005, Bloomberg News reported.
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Buy, Sell or Hold: Garmin Ltd. |
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By Horacio Marquez
Contributing Editor
Q: What’s the outlook for Garmin Ltd., the GPS system maker?
- Reader Diane Begue of Medina, Ohio
Garmin Ltd. (Nasdaq: GRMN), a leading producer of global-positioning systems, has a strong market position, meaning its stock should deliver nice profits if purchased at the current low valuation.
It was just about midnight, on a chilly and rainy Dec. 10, when the diesel engine of my 42-foot sailboat, “Southern Cross,” suddenly stopped dead in the middle of the Delaware Channel, just north of the Elbow of Cross Ledge, two thirds of the way up the Delaware Bay from Cape May.
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