BUSINESS NEWS
03 Apr 08. Bombardier Inc. said fourth-quarter profit almost doubled as the Canadian company delivered more regional, corporate and turboprop aircraft. Net income in the three months ended Jan. 31 rose to $218m, or 12 cents a share, from $112m, or 6 cents, a year earlier, Montreal-based Bombardier said today in a statement. Analysts had estimated earnings equal to 8 cents a share. Sales climbed 19 percent to $5.27bn. (Source: Bloomberg)
27 Mar 08. Investors in Tata Motors are bracing for India’s third-largest passenger carmaker to begin selling down some of its investments and stakes in subsidiaries to help finance its $2.3bn takeover of the Ford-owned marques Jaguar and Land Rover. Tata Motors’ share price faced renewed pressure Thursday over the deal. Its stock initially fell about 7.3 per cent before recovering to end down 3.6 per cent at Rs655.20. (Source: FT.com)