Word: quartered
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...Market sentiment was boosted earlier in the week by a surprisingly good profit report from Goldman Sachs, which logged second quarter earnings of $3.4 billion and an eye-popping return on equity of 23%. Investors got a second round of heartening news on Wednesday morning when Intel reported sales that were 10% better than analysts had been expecting; Intel's earnings also beat expectations by a wide margin and the company offered encouraging guidance about the third quarter. The chipmaker's shares rose more than 7% Wednesday, putting the stock's rise so far this year at 25%. Intel...
...days ahead investor optimism will be tested as financial and consumer companies reveal their second quarter results and provide guidance on their business outlook for the months ahead...
...quarter of a century, Russia has been Europe's single biggest gas supplier, providing about a third of all the gas the European Union uses each year. But while the gas is cheap and plentiful, this arrangement has created an energy dependence that makes the E.U. vulnerable to Moscow's shifting moods. That was the case in January, when Russia tried to settle a payment dispute with Ukraine, its main transit country, by turning off the taps. In the three weeks it took to get the gas flowing again, Bulgaria's reserves ran out, Slovakia was forced to declare...
...Funding is another issue. The European Commission has promised $350 million from the E.U.'s $7 billion economic-stimulus fund to jump-start the project, and the European Investment Bank has said it is prepared to finance up to a quarter of the pipeline's cost, about $3 billion. But with other private and public sources hesitating to commit, Nabucco's future is still in doubt...
...Nearly a quarter of the homes listed for sale in the U.S. have had at least one price reduction, with an average discount of 10% off the original asking price, according to an analysis by the listings site Trulia.com. The analysis shows that of the nation's 50 largest cities, Jacksonville, Fla., is the most marked-down market, with 39% of houses there having undergone a price chop...