Published since 02/04/2000
Published on April 26, 2012
VOLKSWAGEN POSTS 86% PROFIT IN Q1
- Volkswagen, Europe's biggest car maker, said Thursday, April 26 that profits raced ahead in the first three months of this year, driven by strong demand worldwide for all of its brands, AFP reported.
VW said in a statement it booked net profit of 3.186 billion euros ($4.222 billion) in the period from January to March, an increase of 86 percent from a year earlier. Underlying earnings, as measured by operating profit, revved up 10.2 percent to 3.209 billion euros, as the auto giant sold 11.3 percent more vehicles - 2.26 million worldwide - in the three-month period, it said. Revenues motored ahead 26.3 percent to 47.326 billion euros.
VW attributed its better-than-expected performance to "strong demand for its group models worldwide." The group - whose brands cover VW, Audi, Skoda, SEAT and Bentley in the passenger car sector and MAN and Scania in trucks - said it outperformed the market in all regions and its share of the global passenger car market increased to 12.2 percent from 11.9 percent previously.
VW said it hoped to expand its market position still further with the launch of a large number of new models this year.
Nevertheless, the group was facing "increasingly stiff competition in a challenging market environment, especially in certain European countries," it cautioned.
Sales in western Europe, currently trying to fight off recession in wake of the debt crisis, dipped by 1.2 percent in the first quarter, with declines of 17.3 percent seen in Italy and 9.0 percent in Spain. By contrast, sales in central and eastern Europe rose by 35.1 percent in the January-March period, North American sales were up 24.5 percent and sales in China gained 15.6 percent.
Among the different brands, unit sales of both the VW and Audi brands rose by just over 10 percent. The only brand to sustain a drop in business was SEAT of Spain, where unit sales fell by 11.6 percent and its operating loss widened to 29 million euros.
Headlines for April 26, 2012
PAPER: EX-SPEAKER'S RELATIVE KILLS A 3-YEAR-OLD IN CAR ACCIDENT
3-year-old Alen Simonyan died in a fatal car accident in Armenia's Mkhchyan village on April 22.
According to Haykakan Zhamanak paper, the driver was identified as daughter of Arsen Abrahamyan, Ararat ...PAKISTANI COURT FINDS PM GUILTY OF CONTEMPT
Pakistan's Supreme Court on Thursday, April 26 found Prime Minister Yusuf Raza Gilani guilty of contempt of court for refusing to reopen corruption cases against the president, but gave him only a ...PAPER: ARMENIAN PM OWNS USD870000 AND AMD35MLN
Armenian Prime Minister Tigran Sargsyan had USD870000 and AMD35mln in his bank accounts as of March 1, 2012, Haykakan Zhamanak paper says.
These are the figures PM claimed in his property and income ...CHIPMAKER HYNIX REPORTS THIRD STRAIGHT QUARTERLY LOSS
SK Hynix Inc., the world's second-largest memory chipmaker, reported its third straight quarterly loss Thursday, April 26, as chip prices dropped amid competition from rival suppliers and tepid demand ...PAPER: TSARUKYAN'S GUN TARGETS WOLVES AND HYENAS
Gagik Tsarukyan, chairman of the National Olympic Committee of Armenia (ARMNOC) met with sportsmen on April 25. Following the meeting attended by the media as well, Tsarukyan asked the journalists to ...WORLD BANK SAYS GLOBAL FOOD PRICES AGAIN ROSE
Global food prices again rose in the first quarter on the back of higher oil prices, putting millions of people at risk of not having enough to eat, the World Bank said, according to AFP.
The eight percent ...DEPUTY PM MAY SEEK FOR HIGHER POST - PAPER
According to Hraparak paper, political circles are now debating on the potential candidate to head the government after the parliamentary elections.
Some rumors say the Prosperous Armenia will hardly ...PARLIAMENTARIAN CANDIDATE URGES TO VOTE BY CONSCIENCE - PAPER
Former political prisoner, now candidate for the National Assembly elections Sasoun Mikaelyan holds campaign meetings explaining to people that the authorities would easily push any candidate forward ...PAPER CLAIMS DISCREPANCY IN OFFICIAL EXPORT DATA
The Customs Service of Armenia published a detailed statement on April 25 on export in Q1 2012.
It said that Armenia exported commodities worth USD 292 mln in the specified period, Haykakan Zhamanak ...PAPER: RPA MEMBER ADVISES TSARUKYAN ON ELECTION CAMPAIGN
Zhoghovurd paper quotes its sources as saying that leader of Prosperous Armenia party Gagik Tsarukyan has recently consulted member of the executive body of ruling Republican Party of Armenia (RPA) David ...ARONIAN BEATS KRAMNIK IN RAPID CHESS GAME
After tying the 4th round of the friendly match vs. Vladimir Kramnik, Armenian grandmaster Levon Aronian beat his rival in the next rapid chess game.
The two final games are due April 27-28.AZERBAIJAN CONTINUES CEASEFIRE VIOLATIONS: AMBULANCE TARGETED
Increased incidents of ceasefire violation by Azeri armed forces were registered at the contact line between Nagorno Karabakh and Azerbaijan over the recent days, with over 2000 shots fired towards the ...RIO DE JANEIRO TO LAND ATP 500-LEVEL EVENT
The Bay Area's only stop on the ATP World Tour will soon be no more, The Associated Press reported.
The 123-year-old event in San Jose, currently called the SAP Open, is moving to Memphis in 2014. ...ARMENIA'S EX FM CALLS FOR POLITICAL COUNTERBALANCE
Representative of Prosperous Armenia party, former foreign minister of Armenia Vartan Oskanian had an election meeting in Yerevan's central Kentron district on April 26.
All political parties are reporting ...JAVAKHK SCHOOLCHILDREN BANNED FROM GENOCIDE COMMEMORATION EVENTS
On the eve of April 24, commemoration day of the Armenian Genocide, all directors of Armenian schools in Georgia's Armenian region of Javakhk were invited to Akhaltskha's Resource Center and pressed to ...ARMENIA, CZECH REPUBLIC TO DEEPEN COOPERATION IN CUSTOMS SECTOR
On April 26, Armenian government approved a proposal on signing a cooperation agreement with the Czech government on customs sector and extension of mutual assistance.
The agreement will create the necessary ...ARMENIA, QATAR TO COOPERATE IN ENVIRONMENTAL PROTECTION
On April 26, Armenian government approved a decision on signing a cooperation agreement with Qatar government in the field of environmental protection. In this context, the Minister of Nature Protection ...ASSYRIAN CANDIDATE: I JOINED DEMOCRATIC PARTY TO HELP MY COMMUNITY
"I was not active as Armenian citizen and representative of a national minority because I was not into politics. However, problems of Assyrian community made me accept the proposal of Armenia's Democratic ...TURKEY'S INDEMNITY TO ARMENIA WON'T BE RESTRICTED BY FINANCIAL, MORAL
Article published in Radikal paper is one of the numerous attempts by Turkish government to feel the Armenian pulse, according to the press service of Government of Western Armenia.
"No international ...ARMENIAN GENOCIDE COMMEMORATED IN MIAMI
Miami Dade College's Homestead campus launched their First Annual Genocide Awareness Week with an opening event presenting the Armenian Genocide. Over 200 students and faculty members of non-Armenian ...GYUMRI IT CENTER RECONSTRUCTION WORKS TO LAUNCH IN WEEK
Reconstruction works of the main building of Gyumri Information Technologies Center (GITC) will be launched already in a month, Armenian Minister of Economy Tigran Davtyan said.
On April 26, Armenian ...ROW OVER YSLU RECTOR WILL COST RPA 30-40 VOTES - EXPERT
The row over the dismissal of Yerevan State Linguistic University (YSLU) rector Suren Zolyan from position may seriously affect the ruling Republican Party of Armenia (RPA) during the forthcoming parliamentary ...S. KOREA TO MAKE SHARP CUT IN IRANIAN CRUDE IMPORTS
South Korea will make sharp cuts in imports of Iranian crude from June as tightening Western sanctions make it impossible to secure insurance cover for tankers to ship the crude, industry and company ...SYRIA OPPOSITION URGES EMERGENCY UN MEETING AS VIOLENCE CONTINUES
Syria's main opposition group on Thursday, April 26 called for an emergency UN Security Council meeting as it accused regime forces of killing more than 100 people in the central city of Hama in recent ...ARMENIAN KOTAYK PROVINCE TO HOST FIRST JOB FAIR 2012
State Employment Service Agency of the Armenian Ministry of Labour and Social Affairs will organize the first job fair in 2012.
The event will take place in Armenia's Kotayk province in May, Agency's ...SPANISH COMPANY TO REPAIR NORTH-SOUTH TRANSPORT CORRIDOR
On April 26, Armenian government confirmed the results of the international open contest on reconstruction of three construction sites of the North-South transport corridor implemented through co-financing ...CHERNOBYL NUKE DISASTER'S 26TH ANNIV. REMEMBERED IN UKRAINE
Ukraine's president vowed Thursday, April 26 that his country is committed to building a new, safer shelter over the damaged Chernobyl reactor as Ukrainians, Belarusians and Russians marked the 26th ...RUSSIA'S MEDVEDEV WARNS AGAINST DEMONIZING U.S.
Both the U.S. and Russian governments are concerned with what is going on in the other country, but there is no need to "demonize" Washington and accuse it of trying to dominate Russia's political life, ...SOCIOLOGIST: NO PARTY WILL GET MAJORITY OF PARLIAMENTARY SEATS
No party will gain 66 proportional seats in the National Assembly and form a majority, Aharon Adibekyan said.
At an April 26 press conference, the sociologist briefed the journalists on the 3-stage ...PAKISTANI PM CONVICTED OF CONTEMPT OF COURT
Pakistan's Supreme Court on Thursday, April 26 found Prime Minister Yusuf Raza Gilani guilty of contempt of court for refusing to reopen corruption cases against the president, but gave him only a ...ARMENIAN VICE-SPEAKER: FACT OF GENOCIDE WILL NEVER BE DEBATABLE
Armenian National Assembly vice-speaker Eduard Sharmazanov commented on Turkish Foreign Minister's criticism of the U.S. President Barack Obama's annual address on Armenian Genocide Commemoration Day, ...ORANGE, UEFA LAUNCH EURO 2012™ MOBILE APP
With just almost one month until the launch of UEFA EURO 2012tm, Orange and UEFA have teamed up to unveil the Official UEFA EURO 2012™ mobile app - the definitive source of information on Europe's ...VOLKSWAGEN POSTS 86% PROFIT IN Q1
Volkswagen, Europe's biggest car maker, said Thursday, April 26 that profits raced ahead in the first three months of this year, driven by strong demand worldwide for all of its brands, AFP reported.
...VOLVO Q1 REVENUES JUMP RECORD 10%
Swedish truck maker AB Volvo said Thursday, April 26 that higher costs contributed to a 2 percent drop in profits in the first quarter even though a buoyant performance in North America helped it record ...50 STATES TO ATTEND MOSCOW-HOSTED MISSILE DEFENSE CONFERENCE
Participants from 50 countries will attend a missile defense conference in Moscow on May 3-4, Chief of the Russian General Staff, Army Gen. Nikolai Makarov said, according to RIA Novosti.
"There will ...MUBARAK'S LAST PM SHAFIQ REENTERS EGYPT PRESIDENCY RACE
Egypt's election committee confirmed on Thursday, April 26 that Hosni Mubarak's last prime minister would run in a presidential election, reversing its decision to eject him over a law drawn up ...USD MARKET AVERAGE RATE TOTALS AMD 392,49 APRIL 26
Deals amounting to AMD 2,4 mln. at an average rate of AMD 392,5/USD1 were concluded at NASDAQ OMX Armenia on April 26. The closing price totaled AMD 392,5.
The market average rate of USD totaled AMD ...EXPERT LINKS AZERI CEASEFIRE VIOLATIONS WITH GENOCIDE ANNIVERSARY
Armenia faces the problem of Genocide recurrence, military expert said.
As David Jamalyan told a press conference, in contrast to the beginning of the 20th century, Armenia currently possesses a well-equipped ...CHRYSLER REPORTS 4-FOLD PROFIT LEAP IN Q1
The U.S. automaker Chrysler, which is controlled by Fiat of Italy, reported Thursday, April 26 a four-fold leap in first quarter profit to $473 million (357 million euros) from $116 million in the same ...HOVHANNES DAVTYAN REACHES EUROPEAN JUDO CHAMPIONSHIP FINAL
Armenian judoka Hovhannes Davtyan (60 kg) made it to the final of European Judo Championship in Chelyabinsk, Russia.
After beating Georgii Zantaraia in semifinal, Davtyan will face off against Beslan ...HAGUE CONVICTS LIBERIA EX-PRESIDENT TAYLOR OF SIERRA LEONE WAR CRIMES
Former Liberian President Charles Taylor has been found guilty of aiding and abetting war crimes and crimes against humanity by supporting brutal Sierra Leone rebels in return for blood diamonds, Belfast ...UNIVERSAL PICTURES TO RELEASE KEANU REEVES' "47 RONIN" IN 2013
Universal Pictures has pushed back the release date of "47 Ronin" from November 21, 2012, to February 8, 2013, The Wrap reported.
Filmmakers wanted extra time to work on the 3D special effects, a source ...EXPERT: AZERI SHELLING AIMS TO MAINTAIN DICTATORSHIP IN COUNTRY
In response to the victory parade Stepanakert is due to host on May 9, Azerbaijan wants to prove its ability to control the situation at the contact line, Armenian military expert said.
David Jamalyan ...FORBES NAMES SAMSUNG CHAIR S. KOREA'S RICHEST MAN
Samsung Electronics chairman Lee Kun-Hee, currently embroiled in an inheritance dispute with his siblings, remains South Korea's richest man, according to a Forbes magazine ranking, AFP reported.
...ROSNEFT OIL GIANT TO SELL $3 BILLION WORTH 10-YEAR BONDS
Russia's state-controlled oil giant Rosneft plans to sell 10-year bonds worth 90 billion rubles ($3 billion) to finance capital expenditure, the company said on Thursday, April 26, RIA Novosti reported.
...HOVHANNES DAVTYAN WINS SILVER AT EUROPEAN JUDO CHAMPIONSHIP
Armenian judoka Hovhannes Davtyan (60 kg) lost to Russia's Beslan Mudranov in the final of European Judo Championship in Chelyabinsk, Russia to grab a silver medal.
Artyom Baghdasaryan (81 kg) and Hakob ...5 KILLED, 31 INURED IN BAGHDAD BOMB ATTACK
Iraqi officials say two separate attacks in Baghdad have killed five and wounded 31 people, AP reported.
A police officer said on Thursday, April 26 that two civilians died when a roadside bomb went ...HUGO BOSS PROFITS SOAR 15% OVER STRONG U.S., CHINA SALES
German fashion house Hugo Boss Thursday, April 26 posted a solid 15-percent increase in profits for the first quarter driven by double-digit sales growth in the United States and China, AFP reported.
...FIFPRO URGES UEFA TO LIFT CHAMPIONS LEAGUE BANS
The international players' union FIFPro have called for six of the seven players banned for next month Champions League final to be allowed to play, Daily Mail reports.
Three of Chelsea's heroic ...CANADIAN SENATOR: ARMENIANS FIGHT FOR GENOCIDE RECOGNITION FOR HUMANITY
Canadian Senator Maria Chaput addressed the Senate with a speech on Armenian Genocide on April 24.
"I am joining with the thousands of our Armenian-Canadian citizens who have gathered on Parliament Hill ...BRUCE WILLIS' "G.I. JOE: RETALIATION" TRAILER RELEASED
The international trailer for the followup to G.I. Joe: The Rise Of Cobra adds Bruce Willis and Dwayne Johnson to the mix along with Ray Park and Channing Tatum, Deadline reported.
G.I. Joe: Retaliation ...ANALYSTS SAY N. KOREAN MISSILES "FAKE"
Half a dozen ominous new North Korean missiles showcased at a lavish military parade were clumsy fakes, according to analysts. Their conclusions cast more doubt on the country's claims of military ...RUSSIA'S GAZPROM, BANGLADESH INK $193 MILLION DRILL DEAL
Bangladesh's state-run Petrobangla has signed a deal with Russian energy giant Gazprom to drill 10 onshore wells, AP reported.
The $193 million deal was signed in Dhaka on Thursday, April 26 amid ...NINTENDO POSTS FIRST-EVER ANNUAL LOSS
Nintendo posted its first-ever annual loss after a year of struggling with poor Wii and 3DS sales, Daily Tech reported.
For the fiscal year ended March 31, Nintendo reported a net loss of 43.2 billion ...BERLIN-BASED BERLIN-BASED PICKS UP RIGHTS TO TIL SCHWEIGER'S "THE GUARDIANS"
Berlin-based rights group Berlin-based has taken all middle and Eastern European rights, including Russia and the CIS, to Til Schweiger's new action drama The Guardians (Schutzengel), The Hollywood ...MITSUBISHI NET PROFIT SOARS 53% IN Q1
Mitsubishi Motors said Thursday, April 26 its net profit for the fiscal year to March soared 53.2 percent, partly driven by cost cutting, even as its last-quarter results tumbled on a strong yen, AFP ...TRIMBLE NAVIGATION TO BUY GOOGLE'S SKETCHUP 3D MODELING PLATFORM
Trimble Navigation Ltd has agreed to buy SketchUp 3D modeling platform from Google Inc for an undisclosed price, the companies said, according to Reuters.
As part of the SketchUp platform, Trimble will ...ISRAEL MARKS 64TH YEAR OF INDEPENDENCE WITH JERUSALEM CEREMONY
Israel's leaders marked their country's 64th year of independence on Thursday, April 26 with a ceremony in Jerusalem, singing classical Hebrew songs and honoring outstanding soldiers, AP reported.
...MAN IN AFGHAN ARMY UNIFORM KILLS NATO SOLDIER
A man in an Afghan army uniform opened fire on NATO allies, killing one soldier before being shot dead, the NATO-led force in Afghanistan said Thursday, April 26, according to AFP.
"An individual ...COCA-COLA ENTERPRISES POSTS 3% NET INCOME IN Q1
Coca-Cola Enterprises Inc., which bottles the soda company's products in Europe, said Thursday, April 26 that its net income rose 3 percent as it raised prices to offset higher commodity costs and ...FORESIGHT TO SHOP MARK WAHLBERG'S "LONE SURVIVOR" AT CANNES FEST
Peter Berg's Lone Survivor - teaming Mark Wahlberg, Taylor Kitsch and Ben Foster - will be shopped to foreign buyers at the Cannes film market by Foresight Unlimited, The Hollywood Reporter said.
...HILLARY CLINTON TO VISIT CHINA, INDIA, BANGLADESH NEXT MONTH
Secretary of State Hillary Clinton will next month visit India and Bangladesh after major meetings in China as the United States seeks to bolster ties in South Asia, the State Department said Thursday, ...PACE URGES SECURITY COUNCIL FOR ARMS EMBARGO ON SYRIA
The Parliamentary Assembly of the Council of Europe (PACE) called on the UN Security Council on Thursday, April 26 to impose an arms embargo on Syria, RIA Novosti reported.
"The Syrian people should ...THOUSANDS DEFY NORWAY MASS-KILLER BREIVIK WITH SONG
Facing terror with music, tens of thousands have gathered across Norway to sing a children's song that mass killer Anders Breivik has claimed is being used to brainwash young Norwegians.
The event ...FRENCH JOBLESS RATE SOARS HIGHEST SINCE 1999
The number of jobless people in France rose for the eleventh-month running in March to hit the highest level since September 1999, Reuters reported.
The labor ministry data released on Thursday, April ...U.S. GALAXY S III MAY NOT HAVE THE RUMORED QUAD-CORE CHIP
When the Galaxy S III does land in the U.S., it might not have that rumored quad-core chip. That's according to a Samsung executive speaking to The Korea Times, who told the publication that Galaxy S ...
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© AUA
Today in Armenian history- 1879 Death of Stepanos Nazaryan (public figure) in Moscow (Russia). He published the "Hyusisapail" (Aurora Borealis) monthly.
- 1904 The great battle of Semal (the Sassoon rebellion) took place under the leadership of General Andraneek. Hrair (Armenak Ghazarian) was killed in the fighting. He was born in 1864.
- 1920 Death of Vrtanes Papazyan (writer) in Yerevan. He was born in 1866.
- 1921 The "Self-government of Syunik" is re-organized by the Dashnaks, as the "Government of Mountainous Armenia".
- 1953 Completion of the first stage of construction of the Gyumush hydroelectric power station.
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