Consumer products giant Unilever 2Q profit down 17 percent as it sacrifices margin in EuropeAMSTERDAM — Unilever NV PLC, the maker of Dove soap, Lipton tea and Ben & Jerry’s ice cream, reported a 17 percent fall in profit in the second quarter as it cut prices in Europe to keep market share, but its ability to raise sales volumes during the recession helped the company’s share price rally around 4 percent. Consumer products giant Unilever says Q2 profit down 17 percentAMSTERDAM — Unilever NV PLC, the maker of Dove soap, Lipton tea and Ben & Jerry’s ice cream, says profit fell 17 percent in the second quarter as its margins were eroded by the economic downturn. American-Dutch same sex couples wed at Amsterdam festival, challenge US to allow gay marriageAMSTERDAM — The mayor of Amsterdam presided over the weddings of five American-Dutch gay, lesbian and transgender couples on a boat during the city’s Gay Pride festival Saturday, challenging the United States to legalize gay marriage, as well. American-Dutch same sex couples to wed at Amsterdam gay pride festivalAMSTERDAM — The mayor of Amsterdam is officiating at the weddings of five American-Dutch homosexual couples on a boat during the city’s Gay Pride festival, in part to challenge the United States to legalize gay marriage. Liberian Charles Taylor lifts veil on life of guerrilla leader-turned besieged strongmanAMSTERDAM — In three weeks on the witness stand, Charles Taylor has painted a portrait of an African strongman — navigating rebellions and palace intrigue, and ultimately failing in a struggle to survive as Liberia’s president. Ex-Liberian president Charles Taylor blames UN envoy for false chargeAMSTERDAM — Former Liberian President Charles Taylor on Thursday blamed the beginning of his legal troubles on a former U.N. envoy who he claimed misidentified Liberians fighting in Sierra Leone as his men. Fire destroys replica of 17th-century Dutch flagship, a major tourist attractionAMSTERDAM — Fire consumed a replica of the 17th-century flagship of the Dutch East India Company in the northern Netherlands on Thursday. Shell net profit falls 67 percent in Q2 to $3.82 billionAMSTERDAM — Royal Dutch Shell PLC said Thursday its net profit fell 67 percent in the second quarter to $3.82 billion, reflecting a sharp decline in oil prices and smaller profit margins in its refining business. Shell net profit falls 67 percent in 2Q to $3.82 billionAMSTERDAM — Royal Dutch Shell PLC said Thursday its net profit fell 67 percent in the second quarter to $3.82 billion, reflecting a sharp decline in oil prices and worse refining margins. Earnings Preview: Shell to report profits down in 2Q, test for new CEOAMSTERDAM — Royal Dutch Shell PLC is scheduled to report second-quarter financial results Thursday. The following is a summary of key developments and analyst opinion related to the period. Publisher Wolters Kluwer profit falls 8 percent to euro132 million in H1AMSTERDAM — Wolters Kluwer NV, a major publisher of medical, legal and accounting journals, reported an 8 percent fall in net profit in the first half of 2009, due to higher operating costs and write-downs on the value of its publishing rights. Staffing company Randstad sees profit fall 89 percent in 2Q as recession cuts need for workersAMSTERDAM — Randstad NV, the world’s second-largest temporary staffing services company, said Tuesday second quarter profit fell 89 percent as many companies are looking to cut expenses and reduce staff during the downturn. Paint maker Akzo Nobel reports 13 percent fall in net profit in 2nd quarterAMSTERDAM — Akzo Nobel NV, the world’s largest maker of paint, reported Wednesday a 13 percent fall in second-quarter profit, citing weak demand amid the economic downturn, but shares jumped on news that cost-cutting and lower raw materials costs had preserved margins. Dutch operator of US Stop & Shop, Giant grocery stores says sales rose 11.5 percent in Q2AMSTERDAM — Royal Ahold NV, the Dutch operator of U.S. grocery chains Stop & Shop and Giant, reported Tuesday an 11.5 percent rise in sales for the second quarter, due to modest growth and a strong dollar. Former Liberian president denies cannibalism allegations at war crimes trialAMSTERDAM — Former Liberian President Charles Taylor said Monday he was sickened by allegations at his war crimes trial that he ate human flesh, calling testimony by a former aide the lies of an illiterate man. Former Liberian president denies at war crimes trial sending weapons to Sierra Leone rebelsAMSTERDAM — Former Liberian President Charles Taylor pointed to impassible roads and his country’s own mineral wealth Monday to deny key testimony at his war crimes trial that he had traded arms for diamonds in Sierra Leone. Philips to pay euro170 million for Italian espresso machine maker SaecoAMSTERDAM — Royal Philips Electronics NV said Monday it has bought Italian espresso machine maker Saeco International Group SpA for euro170 million ($242 million). TNT Post Q2 profit falls 60 percent, sees scant evidence of recoveryAMSTERDAM — TNT NV, Europe’s second-largest post company, reported Monday a 60 percent fall in net profit for the second quarter and said it sees little evidence of an economic recovery. Dutch telecom KPN says Q2 profit rises 4.8 percent, sees weak demand from corporate customersAMSTERDAM — Royal KPN NV, the largest Dutch telecommunications company, said Thursday its net profit rose 4.8 percent in the second quarter due to growth at its German mobile telephone business and better margins in the Netherlands. Ex-Liberian leader Charles Taylor denies looting funds, blood diamonds from Sierra Leone warAMSTERDAM — Former Liberian President Charles Taylor on Monday challenged anyone to find a bank account of his holding illicit funds or “blood diamonds” from the civil war in Sierra Leone. Former Liberian leader challenges anyone to find booty from the war in Sierra LeoneAMSTERDAM — Former Liberian President Charles Taylor issued a challenge at his war crimes trial Monday to find any bank account owned by him holding illicit funds or “blood diamonds” from the civil war in Sierra Leone. Kohlberg Kravis Roberts to merge with European arm, keep Amsterdam stock listingAMSTERDAM — Kohlberg Kravis Roberts, the private equity firm, said Monday it plans to merge with its European arm and keep its Dutch stock market listing, abandoning plans for a U.S. initial public offering for the time being. Philips Electronics 2Q profit falls 94 percent, sees improvement in second half
Big polluting nations head to Italy, hope to break deadlock in climate talksAMSTERDAM — Developing countries with big polluting industries are joining the world’s wealthiest nations at the G-8 summit this week, trying to unblock troubled climate negotiations just five months before a deadline on limiting global carbon emissions. Top UN climate official to AP: G-8 should help poor countries now with global warmingAMSTERDAM — Developing countries need money now to grapple with global warming, and the Group of Eight summit this week could energize troubled climate negotiations if it decided to make “significant” funds available, the top U.N. climate official said Monday. Nonprofit Oxfam warns G-8: chronic hunger will spread to tragic levels due to climate changeAMSTERDAM — Chronic hunger may be “the defining human tragedy of this century,” as climate change causes growing seasons to shift, crops to fail, and storms and droughts to ravage fields, an advocacy group said. Dutch researchers: Recession, expensive oil slows growth of CO2 emissions by half in 2008AMSTERDAM — The global recession has an up side, at least for people worried about climate change: carbon emissions are growing more slowly than in recent years, Dutch researchers said Thursday. Dutch researchers say recession, expensive oil cut growth of CO2 emissions by half in 2008AMSTERDAM — Dutch researchers say the global recession, high oil prices and more use of wind and other renewable energy sources cut the growth of carbon emissions by half last year. Small Persian-language radio in Holland is one of few outside news sources for IraniansAMSTERDAM — Until the Iranian election this month, Holland’s Radio Zamaneh was more interested in underground music, alternative literature and interviews with Iranian cultural figures than in politics. Europe protests Iranian crackdown, taking the heat from Tehran instead of ObamaAMSTERDAM — Europe has stepped up pressure on Iran to end its bloody crackdown on street protests, feeling less constrained to speak out than President Barack Obama — who has made engagement with the Islamic Republic a keystone of U.S. foreign policy. |
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Philips reports 94 percent fall in 2Q profit
