BRIEFCASE COMPETITION HURTS SUPERIOR'S PROFITS.Byline: - Staff and Wire Services VAN NUYS - Superior Industries International on Friday reported a 35 percent decline in first-quarter profit with pricing competition abroad continuing to pressure the wheelmaker. Net income was $8.9 million, or 34 cents per diluted share, compared with net income of $13.7 million, or 51 cents per diluted share, for the first quarter of 2004. Van Nuys-based Superior's first-quarter revenue decreased 9.5 percent to $211.9 million from $234.2 million reported for the same period a year ago. Google outlook only goes higher SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden - Google Inc.'s earnings are growing so rapidly that not even the stock market bulls can keep up. Blown away by the online search engine leader's first-quarter profit, securities analysts raised their already high expectations for Google and investors scrambled Friday to buy a piece of a company that's drawing comparisons to some of technology's greatest growth stocks of the past. The fervor lifted Google's stock to a new high on an otherwise dismal day on Wall Street. Google's shares traded as high as $224 on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. before retreating later in the day. By the time Nasdaq closed, Google's shares stood at $215.81, a gain of $11.59, or 5.7 percent. MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. has deadline on Qwest today DENVER - MCI Inc. faces a deadline today to decide whether to accept a freshly sweetened sweet·en v. sweet·ened, sweet·en·ing, sweet·ens v.tr. 1. To make sweet or sweeter by adding sugar, honey, saccharin, or another sweet substance. 2. To make more pleasant or agreeable. $9.75 billion takeover bid from Qwest Communications or stick with Verizon Communications Inc.'s $7.5 billion deal to acquire the long-distance phone company. Several major MCI shareholders agreed to help finance the latest Qwest bid, a move that intensified pressure on MCI's board of directors to switch merger partners. But MCI declined to say Friday whether its board would act by 5 p.m. EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT today, the time at which Qwest says its offer will be withdrawn. The new offer submitted Thursday by Qwest marked the third time the Denver-based local phone company has raised its bid for MCI. Irish airline gets discount on jets NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Irish budget airline Ryanair Holdings PLC will pay $3.57 billion for the 70 Boeing Co. airplanes it has ordered, a large discount on the listed price, the carrier said Friday. The price for each 737-800 airplane will be about $51 million, including the engines and some optional features, Dublin-based Ryanair said in a regulatory filing. Boeing's list price for that model, according to the Boeing Web site, is a range of $61.5 million to $69.5 million. Boeing spokesman Todd Blecher said it's not unusual for the manufacturer to offer discounts for large orders. United gets closer to nixing pensions CHICAGO - United Airlines' plan to eliminate its employees' defined-benefit pension plans defined-benefit pension plan A pension plan in which retirement benefits rather than contributions into the plan are specified. Thus, a retired employee who has reached a certain age with a given number of years of service and has earned a certain income is moved a step closer to reality Friday when the government's pension-protection agency agreed to drop its opposition. Attorneys for United and the Pension Benefit Guaranty Corp. announced a settlement in federal bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. , terms of which were not disclosed. The PBGC PBGC See: Pension Benefit Guaranty Corporation then withdrew its motion to postpone consideration of the airline's plan. The federal pension insurer has been opposing United's proposed termination of its four employee pension plans since the airline, a unit of UAL UAL United Airlines (ICAO code) UAL Unified Accelerator Library (Brookhaven National Laboratory) UAL User Account Lockdown UAL User Access Layer UAL Universal Auxiliary Language UAL User Agent Layer Corp., first said last August that it intended to end them. It said the action would put it at financial risk by dumping, based on the latest increased estimate, $6.6 billion in funding responsibility onto the already strapped agency. But with little apparent likelihood of overturning the plan, it had moved in recent months to assume control of the funds on its own terms - quicker than United's proposal - before further benefits accrued. |
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