Ryanair Earnings Rise on Higher Fares

Ryanair (RYAAY), Europe’s largest low-cost airline, posted a 32% jump in earnings on higher traffic and prices.

The Dublin-based carrier had profit of 330.3 million euros ($461 million) in the quarter ended Sept. 30, up from 250.5 million euros a year earlier, Bloomberg News reported.

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Sales rose 29% from a year earlier to 1.28 billion euros.

The company raised its forecast for…

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Ryanair Earnings Rise on Higher Fares originally appeared on DailyFinance on Mon, 01 Nov 2010 06:58:00.

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Coca-Cola May Boost Investment in China

Coca-Cola Company (KO) may increase its spending in China, according to CEO Muhtar Kent.

Coke, the world’s largest beverage company, will likely spend “a little more” than the $2 billion it had planned for China from 2009 to 2011, Kent told Bloomberg News.

“We’re ahead of our projections in investments,” Kent said.

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China’s soft-drink market grew 11% in 2009, according to Euromonitor…

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Coca-Cola May Boost Investment in China originally appeared on DailyFinance on Mon, 01 Nov 2010 06:29:00.

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Porsche, VW Merger Deal May Fall Apart

If you’re still waiting for a merger between the parent companies of VW and sports car maker Porsche to close, don’t hold your breath. VW’s CEO is warning that it may not happen at all. “The chances are 70 to 30 that it comes to that,” Volkswagen CEO M…

Apple Sues Motorola for Alleged Patent Infringement

What, you didn’t think Apple was just going to sit around and take it after Motorola first sued for patent infringement and then asked to court to declare some 20 of Cupertino’s patents weren’t applicable to its products, did you? Apple’s fired back wi…