| CAE reports second quarter results for fiscal year 2008
MONTREAL, Nov. 8 /PRNewswire-FirstCall/ -- (NYSE: CGT; TSX: CAE) - CAE (Nachrichten) today reported financial results for the second quarter ended September 30, 2007. Net earnings were $38.9 million ($0.15 per share) this quarter, compared to $31.0 million ($0.12 per share) in the second quarter of last year. All financial information is in Canadian dollars. Summary of consolidated results (millions, except operating margins) Q2-08 Q1-08 Q4-07 Q3-07 Q2-07 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Revenue $ 353.9 358.3 337.3 331.2 280.4 Earnings before interest and income taxes (EBIT) $ 62.1 58.0 53.3 44.2 44.8 As a % of revenue % 17.5 16.2 15.8 13.3 16.0 Net earnings $ 38.9 38.7 34.3 29.7 31.0 Backlog $ 2,513.3 2,599.5 2,774.6 2,711.9 2,584.0 ------------------------------------------------------------------------- Consolidated revenue was $353.9 million, $73.5 million higher than in the second quarter of 2007.
Rio mulls new BHP partnership
MINING giant Rio Tinto is considering new joint ventures with BHP Billiton to ward off a takeover by its larger peer, according to a report published in London overnight. As part of its preliminary defence plan, called Project Manchester, Rio and its bankers are looking at offering BHP further tie-ups, the UK's Daily Telegraph said. Rio and BHP, which earlier this month made an indicative three-for-one share offer for its rival, already have several joint ventures, including the Escondida copper mine in Chile. Rio Tinto has turned down BHP's offer worth about $US153 billion ($173.46 billion). Rio was expected to formally unveil its defence strategy on Monday. One project thought to be under consideration by Rio is Pilbara, in Australia, where both companies have separate iron ore mining reserves and operations, The Daily Telegraph said.
Night Club Shooting Prompts Angry Reaction From Police
COCOA BEACH, Fla. -- The shooting of two men inside the New York South Night Club early Saturday morning brought an angry response from the police chief in Cocoa Beach. Chief Bryan Holmes said that he is "concerned about the safety of the community" after the latest incident at a club where city officials have warned the owner about the increased level of criminal activity. According to police, there were a large number or people inside the club on North Atlantic Avenue when the shooting occurred around 1:30am. Two men were transported to the hospital and treated for gunshot wounds. Their conditions were not released. Earlier in the year there was a shooting in which an innocent victim was shot after an altercation outside the club, and police say they have responded to other several other violent incidents in the past year.
Women’s Work
If Human Development Indicators are anything to go by, the Middle East isnt doing so bad. While poverty and the inequality that fosters it pervade much of the region with little improvement since the 1980s, the most recent UN-issued Human Development Reports show solid progress in areas like child mortality, (womens) education and life expectancy. These, quip neoliberals, are the fruits of a gloriously free market. Perhaps. But as we approach new economic horizons, we drag old social baggage with us. How are economic growth and a vital investor climate reconciled with increasing economic disparities and entrenched cycles of social exclusion? Among the poor, women can be especially vulnerable during times of economic transition. And as regional leaders brag about the privileged place of women in their societies and erect very-serious-sounding institutions for their benefit, the gender gap continues to throw grim shadows over the celebrations.
Northern Rock hits all-time low
LONDON, England (AP) -- The roller coaster ride continued for battered mortgage lender Northern Rock Tuesday, with its shares tumbling 40 percent to an all-time low amid uncertainty about its future before some of those losses were pared as a potential new buyer for the entire business emerged. .
Aggressive enforcement, education campaigns reducing thefts
Christy Cobb knew her 1987 Buick was easy to steal -- the front door didn't lock. What she didn't know is that Chattanooga police say that model, with boxy sides and a long body, is one of the city's most stolen cars. On Nov. 5, she found out. That's when someone hot-wired the car in her driveway as she read her morning newspaper, according to a police report. "I never thought anyone would be that brave to just walk right up into my yard and steal my car," Mrs. Cobb said. She's one of about 11,000 people in the Chattanooga metropolitan area to have their automobiles stolen in the last five years, according FBI data. There were about 1,848 car thefts here in 2006. That's a little lower than the national average, and puts thefts at a five-year low, records show.
Feuding forces
As Commissioner John Barthelmes considers merging the New Hampshire Department of Safety's two law-enforcement agencies, there appears to be growing animosity between the unions affiliated with state police and highway patrol officers. Among the sources of friction are overtime details and donations from the public. A lawsuit filed by the troopers' union against the highway patrol's claims the New Hampshire Highway Patrol Association tried to deceive the public into sending donations to highway patrol's union, rather than the troopers' union. A counter claim alleging libel accuses state troopers of a long list of unprofessional conduct, including trying to scuttle a highway patrol speed trap by flashing lights out of sight of highway patrol's radar, warning motorists to slow down.
Sheriff Proposes Smoking Ban For New Deputies
VOLUSIA COUNTY, Fla. -- "No smokers wanted." It's the message the Volusia County Sheriff's Office wants to send to future recruits. The sheriff's office is the latest agency to consider such a ban and claims the proposal saves money and puts healthier deputies on the streets. New sheriff's office recruits are ready to quit smoking right now. Cigarettes already keep them out of public buildings, restaurants and now it could keep them out of a job if they want to work for the sheriff's office, a job they want. Jason Crawford lights up maybe 20 times a day. He's done it for the last 10 years, but he said as soon as he can make it happen, he's putting out his last cigarette. "It will certainly affect me," the criminal justice student told Eyewitness News.
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