|
Coca-Cola 1Q profit rises 19 pct on overseas gains |
 |
 |
 |
|
Tuesday, 20 April 2010 16:03 |
|
NEW YORK – Coca-Cola Co.'s first-quarter profit climbed 19 percent as the world's largest drink maker continued to expand rapidly overseas.
That offset persistent weakness in the U.S. as shoppers skimped on buying soda, water, juices and teas.
The results were weaker than analyst expectations.
The company earned $1.61 billion, or 69 cents per share, in the quarter ending April 2. That's up from earnings of $1.35 billion, or 58 cents a share, in the same period last year.
|
|
Read more...
|
|
|
Macquarie Group to buy AIG aircraft portfolio |
|
|
|
|
Wednesday, 14 April 2010 12:15 |
|
MELBOURNE, Australia – Australian investment bank Macquarie Group Ltd. said Wednesday it is buying 53 aircraft from a unit of American International Group Inc., which is raising money to repay U.S. government bailout funds.
Macquarie said 47 aircraft from International Lease Finance Corp. will go to Macquarie Bank Ltd. and six to a partly owned subsidiary, Macquarie AirFinance Ltd. The total price is just under $2 billion.
Macquarie said the aircraft are being leased to 35 airlines in 27 countries. Most aircraft are Boeing 737 Next Generation or Airbus A320 Family aircraft.
AIG is selling assets to repay $182.5 billion in bailout money received following its near-collapse due to risky credit derivatives contracts.
Macquarie owns 37.5 percent of Macquarie AirFinance Ltd. and also has a wholly owned subsidiary, Macquarie Asset Leasing Trust, which owns nine aircraft on lease to a major Australian airline.
Macquarie shares were up 0.62 percent to AU$50.31 in afternoon trading.
|
|
|
|
|
|
Page 3 of 3 |
