The management of Nigerian Breweries Plc has explained the reasons behind its inability to increase its dividend policy for shareholders for the financial year ended December 31, 2012. It said a major part of its profit was ploughed back into the business, owing to its recent acquisition of major breweries […]
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AOL Shares Fall After Missing Profit Estimates
AOL Profit, Sales Miss on 9% Subscription Declines AOL Inc. (AOL), the digital publisher that owns the Huffington Post and TechCrunch, fell the most in five months after reporting first-quarter profit that missed estimates. The shares slid 8.9 percent to $37.74 at the close in New York, the biggest one-day […]
Oil rises near $96 with US supplies up slightly
The price of oil held onto small gains Wednesday after the government reported a slight increase in U.S. crude supplies. By afternoon in New York, benchmark crude for June delivery was up 36 cents to $95.98 a barrel. The contract fell 54 cents to finish at $95.62 per barrel on […]
