Electro Rent posts 1Q profit VAN NUYS, Calif. _ Electro Rent Corp. on Thursday reported fiscal first-quarter net income of $2.5 million. Electro Rent shares have declined 20 percent since the beginning of the year. Keywords: Electro Rent, Earnings Report.
Source: The Associated Press
Airbus files patent for 'flying bunk beds' PARIS, Oct 8- Airlines already know how to pack' em in, but in future they may be able to pile' em high thanks to a blueprint for split-level seating invented by planemaker Airbus. "They are covering themselves for what the future may or may not hold, but... there is no intention to bring this to a real design for any near-term scenario," said cabin interiors expert Mary Kirby,...
US STOCKS SNAPSHOT-Dovish Fed drives Wall Street higher NEW YORK, Oct 8- U.S. stocks closed higher on Thursday as investors saw further signs of dovishness in the Federal Reserve September meeting minutes which shed light on its decision to keep interest rates near zero.
Youth unemployment rising in China and Brazil, ILO says GENEVA, Oct 8- Youth unemployment is coming down in rich countries but rising in China and Brazil as economic growth abates, the International Labour Organization said on Thursday. But the youth unemployment rate in China has risen from 9.3 percent in 2010 to 10.6 percent last year. Like China, Brazil is also seeing slower economic growth.
| By: Tom Miles
Sao Paulo mayor proposes regulations for Uber, avoiding ban SAO PAULO, Oct 8- Sao Paulo will introduce new regulations to govern ride-sharing services such as Uber instead of backing an outright ban proposed by local Brazilian lawmakers, the mayor of South America's biggest city said on Thursday. Uber Technologies Inc's service has triggered protests by taxi drivers in cities around the world as it upends traditional...
WRAPUP 1-No room for mistakes by central banks amid 'new mediocre' LIMA, Oct 8- Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting. Federal Reserve and the Bank of England, are holding fire. For both the Fed and the Bank of England,...
| By: Mitra Taj and Randall Palmer
Carney says Bank of England rate hike not Fed-dependent "The exact timing of the Fed move is not decisive for the timing of the move by the Bank of England," Carney said in a seminar at the annual meeting of the International Monetary Fund. Carney made the point that in the five rate cycles since Britain adopted inflation targeting, the Bank of England moved before the Fed in two of them. Asked if the market was right in...
| By: Randall Palmer