12°c Overcast
17°c Mainly cloudy
Winnipeg Free Press - PRINT EDITION
Business Watch
PayPal propels eBay
NEW YORK -- EBay's first-quarter net income grew 20 per cent thanks to higher revenue from its PayPal business and brisk sales at its e-commerce websites. The results beat Wall Street's expectations and investors sent the company's stock higher in after-hours trading.
EBay Inc. said Wednesday it earned $570 million, or 44 cents per share, in the January-March period. That's up from $476 million, or 36 cents per share, a year ago.
Valeant's acquisition
MONTREAL -- Valeant Pharmaceuticals International Inc. (TSX:VRX) agreed to pay $71 million to acquire assets from Atlantis Pharma, a generics pharmaceutical company based in Mexico.
The specifics of the acquisition by Canada's largest publicly traded drug company were not disclosed Wednesday, but the company said they had cumulative revenues of about $26 million in 2011.
Eating up Yum Brands
LOUISVILLE, Ky. -- Yum Brands Inc., owner of the Pizza Hut, Taco Bell and KFC chains, said Wednesday its first-quarter net income rose 73 per cent based on a successful combo -- continuing strong overseas sales packaged with a rebounding U.S. performance led by its once-beleaguered Taco Bell business.
The company raised its earnings-per-share growth forecast for the full year to at least 12 per cent, or at least $3.22 per share.
-- from the news services
Republished from the Winnipeg Free Press print edition April 19, 2012 B8
More Business
- Back to Top
- Return to Business
More Business
(1 of 9 articles for today)
New RBC policy restricts outsourcing
1:00 AM 0TORONTO -- The Royal Bank, which faced a fierce backlash earlier this year over an outsourcing arrangement involving the use ...
Poll
Most Popular Business
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- Value Partners cracks $1-B mark in assets
- Changes to CPP rules worth looking into
- New owner for lumber stores
- Canada threatens 'retaliatory measures' over new US meat labeling regulations
- Even a nine-year-old grills McDonald's CEO over menu
- Manitoba housing affordability deteriorates
- Wealth survey indicates average person has $6.6K
- Canada gets tablet
- Creative industries can fuel a city's economic engine
- New owner for lumber stores
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- 2 men arrested in killing of Las Vegas teen who refused to give up his iPad
- New downtown tower could be 42 storeys tall: developers
- Creative industries can fuel a city's economic engine
- Microsoft reveals Xbox One as all-in-1 entertainment console, last of 3 major systems unveiled
- Value Partners cracks $1-B mark in assets
- Skyline-altering project will happen: developer
- Housing slowdown to worsen, cost 150,000 jobs, says mortgage group
- Bridging the gap
- Target opens its first Manitoba stores Tuesday
- New structure to be king of downtown?
- Transcona transformation
- Target opens Manitoba stores
- New owner for lumber stores
- Mounties say crooks passing fake polymer bank notes in British Columbia
- City to get a touch of glass
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- Canad Inns property has personal meaning for owner
- Holiday pump jump debated
- Value Partners cracks $1-B mark in assets
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- Changes to CPP rules worth looking into
- She's got entrepreneurial spirit
- Manitoba farm land values increased by an average of 4.3 per cent in 2011
- New owner for lumber stores
- Valeant shares soar amid report drug firm near $9B deal to buy Bausch and Lomb
- Thorough record-keeping key to power of attorney
- Motor Coach laying off 190 workers
- Will, power of attorney are different documents
- New owner for lumber stores
- Value Partners cracks $1-B mark in assets
- MTS to sell Allstream to Egyptian investment group, focus on Manitoba market
- Ex-'Pegger seeks to grow local businesses
- Changes to CPP rules worth looking into
- Bridging the gap
- Developers to unveil plans for bold downtown tower
- Skyline-altering project will happen: developer
- There are lots of I's in 'team'
- More than a new boss
- New owner for lumber stores
- Transcona transformation
- New structure to be king of downtown?
- CEO, execs terminated at TCIG
- Target opens its first Manitoba stores Tuesday
- Canad Inns property has personal meaning for owner
- Winnipeg's got the REIT stuff
- Older and jobless? Resource on hand
- Value Partners cracks $1-B mark in assets
- Local boy leads Great-West
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.