3xwy Blog

AP – Industrial production in the 16 countries that use the euro spiked by an impressive 1.7 percent in January from the month before, official figures showed Friday, raising hopes that the recovery from recession may be more buoyant than expected.

AP – Pall Corp. on Thursday posted a 28 percent rise in its fiscal second-quarter profit, but still fell short of Wall Street estimates.

AP – FORECLOSURES UP: Foreclosure listing service RealtyTrac says the number of households facing foreclosure last month grew 6 percent from a year ago.

AP – German salt and fertilizer company Kali+Salz AG said Thursday that its fourth-quarter net income plunged 93 percent to euro16 million ($22 million) as the downturn significantly affected demand in global agricultural markets.

AP – German publisher Axel Springer AG said Wednesday that net income fell 45 percent in 2009 to euro314 million ($427 million), with a drop in demand for newspapers and magazines mitigated only partially by new Internet revenues.

Researchers studying isolated communities in Canada showed that immunizing children against influenza lowered flu rates among unvaccinated adults by 60 percent.

AP – Official data shows German January exports improved 0.2 percent compared with January 2009 but declined a sharp 6.3 percent from December.

AP – German carmaker Audi AG says its 2009 net income fell 39 percent to euro1.35 billion ($1.8 billion) as the economic downturn cut demand for its cars.

AP – H&R Block Inc. on Monday said its fiscal third quarter profit rose 7 percent, as lower costs offset a revenue drop that stemmed from handling fewer returns.

Reuters – U.S. employers cut fewer jobs than expected during snow-battered February and the unemployment rate held steady at 9.7 percent, bolstering views the economy was on the brink of creating jobs.