Tuesday, July 24, 2007

CDW posts higher quarterly profit

(Reuters) - The company said second-quarter net income rose to $80.1 million, or 99 cents a share, from $73.1 million, or 91 cents a share, a year earlier. Net sales rose 24.4 percent to $2.03 billion.






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UPDATE 1-BJ Services profit falls on Canada slowdown

(Reuters) - The Houston-based company said its profit for the third
quarter ended June 30 was $168.3 million, or 57 cents per
diluted share, compared with $212.9 million, or 67 cents per
diluted share, in the same quarter in 2006.




Analysts had on average expected the company to post
earnings of 56 cents per share, according to data compiled by
Reuters Estimates.


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Anixter International quarterly profit rises

(Reuters) - Sales rose to $1.51 billion from $1.24 billion a year ago.




The company said the latest second-quarter results included
sales of $39.7 million from a series of acquisitions completed
over the past year.



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UPDATE 1-Quest Diagnostics earnings rise

(Reuters) - CHICAGO , July 24 - Quest Diagnostics , the biggest U.S. medical diagnostics company, said on Tuesday quarterly profit rose, boosted by revenue from an acquisition and in its clinical testing business.



The company also raised the lower end of its 2007 forecast.


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UPDATE 1-Western Union second-quarter earnings fall

(Reuters) - NEW YORK, July 24 - Western Union Co. , the world's largest payment transfer company, said on Tuesday second-quarter profit declined as the company faced higher expenses after its spin-off and revenue from domestic consumer money transfers fell.



Total revenue rose 8 percent as international money transfer revenue increased.


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Aceto to redo testing for companion animal vaccine

(Reuters) - "The USDA, in fact, admitted to us that they had made a
mistake in approving the protocol," Aceto's Chief Executive
Leonard Schwartz said in a statement.





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Developing nations say can work with WTO texts

(Reuters) - Proposals meant to break a deadlock in global free trade talks are "a good starting point" for a push in September towards a final deal, developing country negotiators said on Tuesday.

The Group of 20 (G20) economic powers said the text released last week by New Zealand's WTO ambassador Crawford Falconer, who chairs the World Trade Organisation's farming talks, contained "many gaps" but could be improved in negotiations.


Read more at Reuters Africa