Paramount has over 16.5 million square feet of prime office space and several buildings in major cities, including San Francisco's landmark One Market Plaza building, Washington DC's Liberty Place and Paramount Plaza on Broadway.» Read More
*Belgium's Verhofstadt running for European Commission president. BRUSSELS, April 25- The European Union must not retreat behind national borders to pull out of its economic slump, said Guy Verhofstadt, a prominent supporter of a federal Europe who is seeking the presidency of the European Commission.
LONDON, April 25- Investors are switching their attention back to developing countries' debt after flirting with U.S. and European junk bonds during a year of turbulence in emerging markets.
April 25- Prestige Brands Holdings Inc, a marketer and distributor of healthcare and cleaning products, said it would buy rival Insight Pharmaceuticals Corp for $750 million in cash to expand its range of feminine care products.
DETROIT, April 25- Ford Motor Co posted lower-than-expected first-quarter profit on Friday as the No. 2 U.S. automaker saw higher warranty costs in North America for older vehicles by $400 million. Net income fell 39 percent to $989 million, or 24 cents a share, from $1.61 billion, or 40 cents a share, in the year-earlier period.
*Microsoft shares rise after results, Amazon down. NEW YORK, April 25- U.S. stock index futures edged lower on Friday as intensifying violence in Ukraine and weakness in Amazon.com overshadowed positive results from Microsoft Corp.. *Amazon fell 2 percent to $330.25 after posting a jump in revenue that was offset by sharp increases in spending.
KHABAROVSK, Russia, April 25- As Washington and its European allies discuss extending sanctions against Moscow for its actions in Ukraine, Russia's Agriculture Minister told reporters on Friday that higher food imports from other countries would make up for any EU cuts.
April 25- State Street Corp, the world's second-largest custody bank, reported a 22 percent fall in quarterly profit, mainly due to higher operating expenses. The net income available to common shareholders fell to $356 million, or 81 cents per share, in the first quarter ended March 31, from $455 million, or 98 cents per share, a year earlier.
April 25- Lear Corp, a maker of auto seats and electrical power systems, posted a 12 percent rise in quarterly profit, driven by an increase in global vehicle production. Net income attributable to Lear rose to $122 million, or $1.47 per share, in the first quarter ended March 29 from $108.5 million, or $1.13 per share, a year earlier.
From 2003, developers flocked to register projects such as destroying heat-trapping waste gases at Chinese chemical plants or installing hydroelectric power stations in Brazil, and made huge profits by selling the resulting carbon credits for up to 22 euros a tonne in 2008..
April 25- Colgate-Palmolive Co reported a 16 percent drop in quarterly profit, hurt by a one-time charge related to the fall in value of the Venezuelan bolivar. The company's net profit fell to $388 million, or 42 cents per share, in the quarter ended March 31, from $460 million, or 48 cents per share, a year earlier.
DETROIT, April 25- Ford Motor Co posted lower-than-expected first-quarter profit on Friday as the No. 2 U.S. automaker increased warranty reserves in North America for older vehicles by $400 million. Net income fell 39 percent to $989 million, or 24 cents a share, from $1.61 billion, or 40 cents a share, in the year-earlier period.
Such manufacturers are drawn by cheaper property rates than the crowded oil centre of Aberdeen in Scotland combined with the heavy-lifting facilities and easy access to the North Sea offered by old Tyneside shipyards like Neptune.
April 25- Prestige Brands Holdings Inc, a marketer and distributor of healthcare and cleaning products, said it would buy rival Insight Pharmaceuticals Corp for $750 million in cash to expand its feminine care products range. As part of the deal, Prestige will acquire tax attributes with a present value of about $100 million, the company said in a statement.
April 25- Whirlpool Corp said on Friday that its quarterly operating profit rose as strong sales increases in much of the world, including Europe and North America, offset currency and other headwinds in Latin America and Asia. The company said sales rose 4 percent in North America and by a similar rate in Europe.
LONDON, April 25- Gold rose slightly on Friday, after hitting its weakest level in 2-1/ 2 months the day before, as violence in Ukraine weighed on equity markets and the dollar, but gains were capped by optimism about U.S. economic growth.
*Yen shrugs off Tokyo April CPI. LONDON, April 25- The safe-haven yen and Swiss franc rose to near one-week highs against a struggling dollar on Friday as deepening concerns about Ukraine outweighed optimism about U.S. economic growth.
LONDON, April 25- Copper and other base metals slipped on Friday on worries that the crisis in Ukraine could deepen, but rising seasonal demand in China cushioned the losses. A war of words ratcheted up after both Russia and Ukraine deployed troops close to their frontier.
*Net Q1 profit up to 53.4 billion yuan from 47.0 billion last year. HONG KONG/ SHANGHAI, April 25- Agricultural Bank of China Ltd, the country's third-largest listed lender, said on Friday first-quarter net profits rose 13.6 percent, beating estimates, due to strong growth in its net interest margin.
April 25- Whirlpool Corp said on Friday that its quarterly operating profit rose as strong sales increases in much of the world, including Europe and North America, offset weakness in Asia. The world's largest maker of home appliances reported a first-quarter net profit of $160 million, or $2.02 per share, down from $252 million, or $3.12 a share, a year earlier.
Strong demand for property loans suggests China's housing market remains resilient even if growth is cooling. China's property market has lost steam since late 2013 as authorities tightened controls on speculative buying, and as banks made it harder for home buyers and small developers to get loans.