| Learn How To Trade Currency Markets With Exchange Traded Options ...
(RTTNews) - While major equity indices set record highs in 2006, one of the fastest areas that continue to see momentum is currency trading. While the traditional "pair trading" remains to be the focus of mainstream currency traders, now there are other ways investors and traders can capitalize from this fast growing new opportunity. According to currency market experts, the key to successful trading in currency markets, like any other financial markets, is acquiring the necessary knowledge and having the discipline to follow a strategy. February 17th through the 20th, at the International Traders Expo, many trading experts will provide FREE insights and recommendations about various trading techniques, products, systems and methodologies. One of the new and interesting products will be presented by the Philadelphia stock exchange, which will conduct a FREE seminar to discuss a whole new product line called cash-settled currency options.
Timberland Reports Fourth-Quarter Results
STRATHAM, N.H.--(BUSINESS WIRE)--The Timberland Company (NYSE: TBL) today reported fourth-quarter net income of $38.3 million and diluted earnings per share (EPS) of $0.61. Fourth-quarter diluted EPS was $0.65 when adjusted to exclude restructuring costs. These results compare to fourth-quarter 2005 net income of $46.9 million and diluted EPS of $0.71, or $0.70 when adjusted to exclude restructuring and related costs and include stock option and employee stock purchase plan expenses. For the full-year 2006, net income was $106.4 million and diluted EPS was $1.67. Full-year diluted EPS was $1.71 when adjusted to exclude restructuring costs. These results compare to full-year 2005 net income of $164.6 million and diluted EPS of $2.43, or $2.35 when adjusted to exclude restructuring and related costs and include stock option and employee stock purchase plan expenses.
Zimbabwe: Gold Mining Falls to 'Pathetic Levels'
IT is no secret that the Zimbabwean mining industry has been shrinking over the past six years and has not witnessed any significant new investment other than in the platinum and diamonds sectors. The gold industry has been particularly affected with production having fallen from a high of 29 tonnes per annum at its peak to the current 12 tonnes expected to have been produced in 2006. Why has the gold sector contracted so dramatically when the platinum sector has been expanding? Recent press and company market briefings indicate that the two current platinum producers, Zimplats and Mimosa, have systematically increased production and new investments over the past six years and will continue to do so in the near future. A third producer, Unki Platinum, under Anglo has committed and started its capital investment to bring another mine into production in the next few years.
Japan Omi: Expect G7 To Discuss Economic Issues Broadly
TOKYO -(Dow Jones)- Japanese Finance Minister Koji Omi said Friday that the Group of Seven financial heads will discuss various global economic topics including foreign exchange at their meeting starting later in the day. "We will discuss global economic issues broadly. Monetary and currency affairs are part of them," Omi told a regular press conference. The G7 meeting will be held in Essen, Germany for two days amid concern among European officials about the decline of the yen versus the euro. (MORE TO FOLLOW) Dow Jones Newswires February 08, 2007 19:19 ET (00:19 GMT) Copyright 2007 Dow Jones & Company, Inc. .
Sonoco Reports 2006 Fourth Quarter and Twelve Months Financial Results
HARTSVILLE, S.C., Feb. 7 /PRNewswire-FirstCall/ -- Sonoco (NYSE: SON) , the global packaging company, today reported earnings per diluted share for the fourth quarter of 2006 of $.39, compared with $.38 for the same period in 2005, it was announced by Harris E. DeLoach, Jr., chairman, president and chief executive officer. Results for the fourth quarter of 2006 included after-tax restructuring charges of $17.4 million ($.17 per diluted share) related to previously announced cost-reduction measures primarily focused on certain of the Company's international operations. Results for the fourth quarter of 2005 included after-tax restructuring and non-recurring or infrequent and unusual expenses totaling $19.6 million ($.20 per diluted share) related to additional tax expense associated with the repatriation of foreign earnings, an increase in the environmental reserve at a subsidiary's paper operation and restructuring charges.
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