Word: quarterly
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...less than the state's average. So news of Caterpillar's crisis landed with a painful thud in the city of roughly 113,000, which counts the company as its largest employer. Caterpillar hasn't disclosed how many of its displaced workers live in this region, but about one-quarter of its global workforce is based in Illinois, mostly around Peoria. As light snow fell late Tuesday afternoon, dozens of Caterpillar workers marched out of a company plant on the far edges of the city. Their faces were grim. No one was in the mood to talk. The last time...
...company has reported just one profitable quarter over the past two years. The third quarter of 2008 was devastating: Pier 1 lost $36.9 million, or 41 cents per share, on $300.9 million in revenue. That loss far exceeded analysts' expectation of 26 cents per share. Chukumba says Pier 1 CEO Alex Smith has made some smart moves, like stocking shelves with small items, which consumers are more likely to buy on impulse. "Unfortunately, the macro economic environment more than overshadows that," he says...
...company reported a net loss of $7 million in the third quarter of 2008, compared with earnings of $117 million in the same period in 2007. Still, the company insists that its liquidity remains intact. "We ended the third quarter with $395 million in cash and cash equivalents," says Office Depot spokesman Brian Levine. "While the fourth quarter is not yet closed, we believe that we did not burn cash. It is our intent that we will maintain our liquidity throughout 2009, even under our most conservative projections of the economic environment...
...world should getting ready for much higher oil prices, even if that will make the recession deeper. OPEC has the capacity to cut demand at a rate to outrun falling supply. It has not done so, but that could change before the end of this quarter. Its member nations are ready to put their own interests ahead of those of both their customers and the economy at large...
...began in October 2008 when Tutsi rebel leader Laurent Nkunda launched an offensive, taking advantage of the weak Congolese President, Joseph Kabila, and his collapsing army. Nkunda quickly doubled his territory in the province of North Kivu and threatened to march on the capital, Kinshasa. The U.N. says a quarter of North Kivu's 4 million people are now refugees as a result. "This is war" was Nkunda's explanation...