Burger King, operator of fast food restaurant chain, reported a decrease in net profit for the fourth fiscal quarter to end June 30 from $ 58.9 million, or 44 cents per share, previous year to $ 49 million, or 36 cents per share. Coompany’s revenue for the period decreased by 1% to $ 623 million.
Dell buys Ocarina Networks company, that develop software for data storage systems. It will be a great and succesfull deal for the Dell, the experts say.
Dow Jones Industrial Average began trading with a bullish trend today. Bulls, angry at the negative end of yesterday’s trading, throw Dow index in the green zone from the first minutes of trading till now. Bad news from Europe threatened the growth of Dow Jones Industrial Average, but the trend remained positive. Dow Jones Industrial Average is near the mark of 10,318.69. The growth of Dow index – 127.80 (1.25%).
The energy and high technology sectors of the U.S. economy become the leaders of reduction. Stock trading in the U.S. on June 11 movement opened up different directions leading indexes against the background of macroeconomic news. After the start of the trading session came the report of the University of Michigan index of consumer confidence in the U.S., which, according to preliminary data, in June 2010 rose to 75.5 points from the May value of 73.6 points.
Dow Jones Industrial Average starts to please investors, the second consecutive day. Trading in the stock market are measured and quite positively. Dow Jones IA is trying to make up for loss of profit due to strong growth. On Friday, May 21, the American stock market in the first half of the trading session demonstrates the confidence the positive dynamics. Favorable trading background has given the news that Germany’s lower house of parliament approved the participation of States in the $ 1 trillion-dollar stabilization fund of the EU.
Prosecutor Nino Gatto requires sentence closest aide and ally of Italian Prime Minister Silvio Berlusconi to 11 years in prison, reportedly referring to the news agency ANSA. With such demand Gatto asked the court of Palermo, where the appeal is considered Marcello Dell’Utri, accused of having links to organized crime.