On Thursday, Minnesota based Patterson Companies, Inc. reported first-quarter profit of $29.7 million for its fiscal year.
The company with its corporate office in St. Paul said that its profit was 30 cents on a per-share basis. The earnings for the quarter from continued operations, adjusted for one-time gains and costs was 47 cents a share.
July marked halt for Japan's inflation as the consumer spending also dropped considerably. For the very first time in last two years Japan's household spending slid considerably to a low level that increased the pressure on the policy makers. A slew of fresh fiscal stimulus is expected to be introduced to support the frail economy.
Schumberger, largest oil field services company of the world is acquiring Cameron. It's a cash-and-stock deal which is valued at almost $US12.71 billion. The joint businesses will result in a giant oilfield equipment and service company. Schumberger, is headquartered at Houston, Texas and also has offices in Paris, London and The Hague.