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Print - 2005-08-10
Four Russians killed in new Chechnya clashes

Four Russians killed in new Chechnya clashes

Three local policemen and one Russian soldier were killed in the latest fighting in the rebel republic of Chechnya, an official of the Moscow-backed government there said Tuesday.
Published 10 Aug, 2005 12:00am
Kashmiri refugees to stage protest demonstration

Kashmiri refugees to stage protest demonstration

Kashmiri refugees dwelling in various camps in envisioning Muzaffarabad will stage protest demonstration against government for non payment of monthly subsistence allowance for three month.
Published 10 Aug, 2005 12:00am
'Pakistan emerged as neocolonial model under western influence'

'Pakistan emerged as neocolonial model under western influence'

An Associate Professor in the Department of Pakistan Studies Allama Iqbal Open University Miss Lubna Saif presented her final Ph D Thesis on the Authoritarianism and Under Development in the Third World, A Neo-Colonial Model: Pakistan- A case study (1947-
Published 10 Aug, 2005 12:00am
Musharraf approves new 20-rupee note

Musharraf approves new 20-rupee note

President General Pervez Musharraf approved the issuance of new Rs 20 denomination note on the eve of Independence Day on August 13. Governor State Bank Dr Ishrat Hussain presented a prototype of the new note, already approved by the Cabinet.
Published 10 Aug, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 09, 2005).

Published 10 Aug, 2005 12:00am
FOREIGN TRADE INQUIRIES

FOREIGN TRADE INQUIRIES

Export Promotion Bureau has received the following Trade Enquiries from abroad. Interested Pakistani parties dealing in the under mentioned items can obtain further details from the addresses given or from EPB Head Quarters and its Regional/Sub-Regional O
Published 10 Aug, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 09, 2005).

Published 10 Aug, 2005 12:00am
Air fare war may extend to international routes

Air fare war may extend to international routes

The fare war virus, injected by the national carrier Pakistan International Airlines (PIA) in the domestic market by suddenly reducing fares on domestic routes recently, may spread on international routes as well, according to indications available here.
Published 10 Aug, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (August 09, 2005).

Published 10 Aug, 2005 12:00am
Removal of tax on cash withdrawal urged

Removal of tax on cash withdrawal urged

Chairman, Pakistan Consumer Traders Association (PCTA) Haroon Agar has urged the President and Prime Minister of Pakistan to withdraw the tax imposed on withdrawal of more than Rs 25,000 from banks. Talking to newsmen, he said that imposition of this tax
Published 10 Aug, 2005 12:00am
Illegal constructions demolished

Illegal constructions demolished

The demolition team of Karachi Building Control Authority (KBCA) removed illegal constructions from Saddar town, North Nazimabad and Jamshed town. A statement issued here on Tuesday said demolition team of KBCA demolished illegal construction from plot No
Published 10 Aug, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (August 09, 2005) and Wednesday (August 10, 2005).
Published 10 Aug, 2005 12:00am
Newspaper holiday on August 14

Newspaper holiday on August 14

Kazi Asad Abid, Secretary General of All Pakistan Newspapers Society, has announced that the member publications of APNS will observe closed holiday on Sunday, August 14, 2005, on account of Independence Day.
Published 10 Aug, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (August 09, 2005).

Published 10 Aug, 2005 12:00am
EOBI must ensure benefits to deserving: minister

EOBI must ensure benefits to deserving: minister

"The purpose of Employees Old-Age Benefit Institution (EOBI) is to ensure benefits to the poor deserving workers of private and public sector. The contributions, which are collected from the employers and employees, is the trust money of the poor people".
Published 10 Aug, 2005 12:00am
LCCI seeks restoration of carry forward system

LCCI seeks restoration of carry forward system

Lahore Chamber of Commerce and Industry (LCCI) Standing Committee on Customs, Import and Tariff, Convener Irfan Qaiser has demanded immediate restoration of old carry forward system in Sales Tax for commercial importers and retailers.
Published 10 Aug, 2005 12:00am
Bipap's exhibition from December 25

Bipap's exhibition from December 25

Business and Industry Promotion Association of Pakistan (Bipap) will hold its IInd National Industrial Exhibition in Lahore from December 25 to 29 this year. Earlier this exhibition was scheduled in August in line with celebrations of Independence Day, bu
Published 10 Aug, 2005 12:00am
Heavy rain lashes Faisalabad

Heavy rain lashes Faisalabad

Heavy downpour lashed industrial city here on Monday, inundating low lying areas and turning most of the roads including Jhang Bazar and Montogomery Bazar (Yarn Market) into rivulets causing problems for business community as well as pedestrians.
Published 10 Aug, 2005 12:00am
Key stock market movements at 1700 GMT on August 09

Key stock market movements at 1700 GMT on August 09

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Published 10 Aug, 2005 12:00am
PCB conduct refresher courses

PCB conduct refresher courses

Pakistan Cricket Board (PCB) is conducting umpires refresher courses at Rawalpindi, Lahore and Karachi. The course at Rawalpindi will be held at Rawalpindi Cricket Stadium on August 15 & 16. The course at Lahore will be held at Gaddafi Stadium on August 1
Published 10 Aug, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 09, 2005).

Published 10 Aug, 2005 12:00am
SCCI chief rejects foulplay in polls

SCCI chief rejects foulplay in polls

Sarhad Chamber of Commerce & Industry President (SCCI) Malik Niaz Ahmad has rejected the allegations of irregularities in the annual polls of the chamber saying that opponents were making excuse of escape from the elections.
Published 10 Aug, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 09, 2005).

Published 10 Aug, 2005 12:00am
NGOs meeting today

NGOs meeting today

A meeting of the District Co-ordination Council of Mental Health Association will be held here at Fountain House on Wednesday (August 10) at 10 am. The meeting, which will be attended by the representatives of over 40 NGOs, will discuss the problems being
Published 10 Aug, 2005 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 10 Aug, 2005 12:00am
PCR technical workshop on August 11

PCR technical workshop on August 11

The University of Health Sciences (UHS) is organising one-day technical workshop on Real Time Polymerise Chain Reaction (PCR), a technology which has become an essential research and diagnostic tool for human health and quality of life the world-over, her
Published 10 Aug, 2005 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 10 Aug, 2005 12:00am
'Local bodies' polls without party, but not non-political'

'Local bodies' polls without party, but not non-political'

Local bodies' elections are being held on non-party basis but it could not be termed non-political. Political activists have legitimate right to participate in it. Chaudhary Mushtaq Ali Cheema, Federal Minister for Textile Industry and Chaudhary Muhammad
Published 10 Aug, 2005 12:00am
The Weather

The Weather

The weather report on Tuesday (August 09) and the forecast for Wednesday (August 10, 2005).
Published 10 Aug, 2005 12:00am
Indus in medium flood at Chashma

Indus in medium flood at Chashma

River Indus was in medium flood at Chashma while it was flowing in low flood at Tarbela, Attock, Kalabagh, Taunsa, Guddu, Sukkur and Kotri at 1900 hours, Federal Flood Commission sources told Business Recorder here on Tuesday.
Published 10 Aug, 2005 12:00am
Factory gutted

Factory gutted

A godown of yarn and cloth of weaving factory and concerned machinery were completely reduced to ashes, when a huge fire broke out in the Talianwala (219RB), here on Monday. The cause of the fire was not immediately known. According to owner Muhammad Kash
Published 10 Aug, 2005 12:00am
People's sacrifices for creation of Pakistan recalled

People's sacrifices for creation of Pakistan recalled

The rule of law, justice and equal opportunities to every citizen was the basis for creation of Pakistan and people have sacrificed a lot to achieve this homeland. Pakistan Muslim League (PML-N) Chief Organiser and Planning Commission of Pakistan's former
Published 10 Aug, 2005 12:00am
Turkish expedition scales G-II

Turkish expedition scales G-II

The first ever six-member Turkish expedition has scaled 8,035-metre high Gasherbrum-II (G-II) in Karakoram on July 22, 2005. The expedition has been conducted in the framework of the celebration of 85th anniversary of Turkish Grand National Assembly.
Published 10 Aug, 2005 12:00am
Businessmen asked to join hands for expanding tax base

Businessmen asked to join hands for expanding tax base

Central Board of Revenue (CBR) Chairman Abdullah Yusuf has asked the business community to join hands for expanding tax base to achieve aggressive target of Rs 690 billion in 2005-06, raising tax-GDP ratio.
Published 10 Aug, 2005 12:00am
RCCI demands separate counter in Chinese Embassy

RCCI demands separate counter in Chinese Embassy

The Rawalpindi Chamber of Commerce and Industry (RCCI) has demanded a separate counter in Chinese Embassy for business community visiting China to take part in upcoming international trade and economic fairs there. The step would help facilitate businessm
Published 10 Aug, 2005 12:00am
HEC to provide Rs 480 million to Comsats

HEC to provide Rs 480 million to Comsats

The Higher Education Commission (HEC) would provide Rs 480 million to Comsats Institute of Information Technology to strengthen its Islamabad Campus.
Published 10 Aug, 2005 12:00am
NWFP chief minister launches monsoon tree plantation campaign

NWFP chief minister launches monsoon tree plantation campaign

The NWFP Chief Minister Akram Khan Durrani has said that large-scale tree plantation can ensure national development and urged individual and collective efforts to make the tree plantations drive of the province a success. "This would not only ease the hu
Published 10 Aug, 2005 12:00am
Gas supply to RIZ assured

Gas supply to RIZ assured

Concrete measures were being taken to supply gas to Rawat Industrial Zone (RIZ) as soon as possible, Provincial secretary of trade and investment Saeed Ahmed Alvi said on Tuesday.
Published 10 Aug, 2005 12:00am
Musharraf's directive to ambassadors

Musharraf's directive to ambassadors

President General Pervez Msuahrraf has instructed the Ambassador-designate to Indonesia, Major General (Retd) Ali Baz and Ambassador-designate to the Democratic Peoples Republic of Korea Noorullah Khan to forcefully project Pakistan's image and interests.
Published 10 Aug, 2005 12:00am
MoU for online payment of utility bills signed

MoU for online payment of utility bills signed

The National Database and Registration Authority (Nadra) on Tuesday signed a Memorandum of Understanding (MoU) with Instaphone and Paktel for online payment of bills. Nadra chairman Brigadier Saleem Ahmed Moeen (Retd) and Pakcom chief executive Iain Willi
Published 10 Aug, 2005 12:00am
CDA to purchase 12 new vehicles

CDA to purchase 12 new vehicles

Capital Development Authority (CDA) has approved Rs 13 million for purchasing 12 new vehicles to improve its efficiency. "The CDA board has approved the sum during a high level meeting held under the chairmanship of Kamran Lashari. The vehicles would be h
Published 10 Aug, 2005 12:00am
Pakistan Army holds medical camp in Congo

Pakistan Army holds medical camp in Congo

To help the local population of war-stricken Democratic Republic of Congo, a medical camp was organised by Pakistan Army contingent at Kabare, 18-km south of Bukavu, South Kivu, and Eastern Congo. The Bishop of South Kivu province, Bishop Moraoy, was the
Published 10 Aug, 2005 12:00am
Debt reduction strategy

Debt reduction strategy

Addressing a meeting on debt issues on 4th August, which was also attended by Prime Minister Shaukat Aziz and top officials of the Ministry of Finance, President Pervez Musharraf made very pertinent remarks about the country's debt profile and strategy. H
Published 10 Aug, 2005 12:00am
Time to end the telemetry controversy

Time to end the telemetry controversy

Disquieting, indeed, it is to learn from recent news reports that the controversy raging over the performance of the state-of-the-art telemetry system installed last year, at a cost of Rs 250 million, to collect actual data on water releases from the rese
Published 10 Aug, 2005 12:00am
Some snags in construction activity

Some snags in construction activity

Construction industry, according to latest Economic Survey, has been one of the star performers of the fiscal year 2004-05. As against a downturn of 6.9 % last year, this sector recorded upturn of 6.2 % this year. It is said that the decline last year was
Published 10 Aug, 2005 12:00am
During WW II Australia looked to US for help

During WW II Australia looked to US for help

In the early days of World War II, Australia had felt safe in the shadow of its colonial ruler Britain. But Japanese bombing raids in the tropical north and midget submarine attacks in Sydney Harbour in 1942 awakened the country to its vulnerability to in
Published 10 Aug, 2005 12:00am
Justice for Muslims needed

Justice for Muslims needed

Suicide bombers have created panic throughout the world. Men are passing the days in fear and apprehension, with no peace of mind. Several hundred or thousand terrorists have tarnished the image of 1.5 billion Muslims of the world. How to save the humanit
Published 10 Aug, 2005 12:00am
KESC bills

KESC bills

The views of S. S. Haider on 'KESC bills' published in the daily Business Recorder of 25th July 2005, speaks of common misery of numerous Karachiites at the hands of KESC.
Published 10 Aug, 2005 12:00am
Where is Pakistan's Auto Industry headed?

Where is Pakistan's Auto Industry headed?

Globally, the automobile industry is considered to be the mother of all industries and an engine of growth for the economy. It is an indisputable fact that countries that have achieved major industrial growth in the last century have focused on the auto i
Published 10 Aug, 2005 12:00am
Inbox unveils new products at ITCN

Inbox unveils new products at ITCN

Inbox Business Technologies, the leading technological solutions company of Pakistan, unveiled its new line of upcoming computer and home entertainment technologies on Tuesday at ITCN Asia. The foremost of these technologies is a Media Centre PC that will
Published 10 Aug, 2005 12:00am
Viper attracts visitors at ITCN

Viper attracts visitors at ITCN

Viper has attracted hundreds of corporate visitors and professionals during the first day of the ITCN Asia -2005, started here on Tuesday. The exhibition will continue till August 11, 2005 at the Karachi Expo Centre, said a statement here on Tuesday.
Published 10 Aug, 2005 12:00am
'Musharraf endorses opening of Slovakia embassy in Islamabad'

'Musharraf endorses opening of Slovakia embassy in Islamabad'

President Pervez Musharraf has allowed Slovakia to open embassy in Islamabad. Slovakia Ambassador Jan Jursa stated this during his meeting with FPCCI Vice-President, Akbar Abdullah, and members of the FPCCI Managing Committee held at the Federation House.
Published 10 Aug, 2005 12:00am
All uplift projects to be completed in 2 years: Ibad

All uplift projects to be completed in 2 years: Ibad

Sindh Governor Dr Ishratul Ibad on Tuesday said that all ongoing development projects in Sindh would be completed within two years. The governor was talking to journalists after laying foundation of a bridge on Malir River in Shah Faisal Colony. The bridg
Published 10 Aug, 2005 12:00am
US MIDDAY: gold extends losses by light speculative liquidation

US MIDDAY: gold extends losses by light speculative liquidation

US gold futures extended previous losses early on Tuesday, hit by light speculative liquidation as traders shrugged off a strike by gold miners in South Africa and waited for an expected rise in interest rates later in the session which could bolster the
Published 10 Aug, 2005 12:00am
US MIDDAY: copper down on heavy selling

US MIDDAY: copper down on heavy selling

New York copper futures fell like a stone on heavy selling at Tuesday's open after another big jump in exchange warehouse inventories, traders said. The selling soon slowed after stop-loss sell orders got triggered on the way down.
Published 10 Aug, 2005 12:00am
US MIDDAY: corn drops on weather forecast

US MIDDAY: corn drops on weather forecast

Corn futures at the Chicago Board of Trade fell sharply early on Tuesday following a plunge in soy amid outlooks for wetter weather in key crop areas of the US Midwest, traders said. "The maps changed again this morning and now show some pretty good rains
Published 10 Aug, 2005 12:00am
US MIDDAY: wheat lower on heavy fund selling

US MIDDAY: wheat lower on heavy fund selling

Chicago Board of Trade wheat futures were lower at midmorning on Tuesday, following the weak trend in soybeans and corn amid a lack of supportive news, traders said.
Published 10 Aug, 2005 12:00am
US MIDDAY: sugar plunges on technical selling

US MIDDAY: sugar plunges on technical selling

Raw sugar prices settled at a one-week low Tuesday on technical selling, as investment funds pared back huge long positions in the market which last week drove prices to a 4-1/2-year high, dealers said. The New York Board of Trade's key October raw sugar
Published 10 Aug, 2005 12:00am
US MIDDAY: coffee edges higher by spread trading

US MIDDAY: coffee edges higher by spread trading

Arabica coffee futures settled modestly higher Tuesday, with prices consolidating after an active session dominated by spread trading between the two front-month contracts, traders said.
Published 10 Aug, 2005 12:00am
European gold slips

European gold slips

Bullion prices drifted lower in Europe on Tuesday as traders waited to see how currencies would react to an expected US Federal Reserve interest rate rise. Some dealers said the market was looking top-heavy after substantial buying by a hedge fund late la
Published 10 Aug, 2005 12:00am
Copper falls on support, liquidation

Copper falls on support, liquidation

London Metal Exchange (LME) copper prices were off 2.1 percent at Tuesday's kerb, resting on support after liquidation by investors increasingly nervous of rising stocks, traders said.
Published 10 Aug, 2005 12:00am
London cocoa slips

London cocoa slips

Liffe cocoa futures closed at the lowest level since mid-June after speculative selling in the London and New York market, dealers said. London's spot September contract slipped 1.3 percent to 827 pounds a tonne, extending Monday's 2.4 percent decline. It
Published 10 Aug, 2005 12:00am
New York cotton settles at two-week low

New York cotton settles at two-week low

US cotton futures extended the previous day's losses and ended at a 2-week low on Tuesday on some light speculative sales as brokers noted most market participants were likely to pull back business ahead of the USDA's monthly supply/demand report due out
Published 10 Aug, 2005 12:00am
Soya rust spreads

Soya rust spreads

The highly contagious soyabean rust disease spread to another county in Alabama and may have crept into Missouri, state and federal officials said on Tuesday.
Published 10 Aug, 2005 12:00am
Oil slips from record, supply worries linger

Oil slips from record, supply worries linger

Oil prices fell from a record peak on Tuesday as dealers took profits, but tensions in the Middle East and a flurry of refinery problems in the United States kept losses in check.
Published 10 Aug, 2005 12:00am
Coffee lovers face Jamaican Blue Mountain shortage

Coffee lovers face Jamaican Blue Mountain shortage

Coffee connoisseurs may soon struggle to find the famed Jamaican Blue Mountain, one of the world's most expensive coffees, after hurricanes devastated this year's crop on the Caribbean island.
Published 10 Aug, 2005 12:00am
Palm oil to raise global market share

Palm oil to raise global market share

Palm oil is likely to increase its share of the global edible oil market in 2005/06 while the overall market is likely to remain in surplus, Hamburg-based newsletter Oil World forecasts.
Published 10 Aug, 2005 12:00am
Oils help FTSE close at new 44-month high

Oils help FTSE close at new 44-month high

Britain's FTSE 100 cruised to a fresh 44-month peak on Tuesday as oil stocks led by BG Group were propelled higher by yet another record high for crude prices, while miners added further support following a bullish broker note.
Published 10 Aug, 2005 12:00am
Seoul shares gain

Seoul shares gain

South Korean shares rose 1.2 percent on Tuesday, ending higher for the first time in five sessions, as investors snapped up stocks with good second-half earnings potential such as lenders and shipbuilders.
Published 10 Aug, 2005 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US stocks rose on Tuesday for the first time in three days, as investors bet the Federal Reserve will increase interest rates by an expected quarter percentage point and tech bellwether Cisco Systems Inc would report strong earnings.
Published 10 Aug, 2005 12:00am
Suez bid dominates bond market

Suez bid dominates bond market

French utility Suez's bid to buy out minority shareholders in Belgian subsidiary Electrabel took centre stage in the corporate bond market on Tuesday, with the majority cash-financed offer putting spreads under pressure.
Published 10 Aug, 2005 12:00am
Suez bid dominates bond market

Suez bid dominates bond market

French utility Suez's bid to buy out minority shareholders in Belgian subsidiary Electrabel took centre stage in the corporate bond market on Tuesday, with the majority cash-financed offer putting spreads under pressure.
Published 10 Aug, 2005 12:00am
Dollar falls in London

Dollar falls in London

The dollar hit two-month lows against the euro and Swiss franc on Tuesday as investors viewed an expected Federal Reserve interest rate hike later in the session as unlikely to offer support for the US currency.
Published 10 Aug, 2005 12:00am
Sterling hits five-week peak

Sterling hits five-week peak

Sterling hit a 5-week high against the dollar on Tuesday, tracking a broadly weaker US currency, which fell as investors largely discounted an expected Federal Reserve interest rate rise later in the day.
Published 10 Aug, 2005 12:00am
UBS sees solid markets ahead as second quarter net rises

UBS sees solid markets ahead as second quarter net rises

UBS missed market forecasts with a 5 percent increase in second-quarter net profit as weak investment bank results overshadowed strong performance at its private bank, hurting its shares on Tuesday.
Published 10 Aug, 2005 12:00am
Blockbuster posts quarterly loss

Blockbuster posts quarterly loss

Movie rental chain Blockbuster Inc on Tuesday posted a quarterly loss that was more than double Wall Street's forecast as lackluster new video releases failed to attract consumers.
Published 10 Aug, 2005 12:00am
Russia hopes to complete WTO talks by year-end

Russia hopes to complete WTO talks by year-end

Russia hopes to complete negotiations on joining the World Trade Organisation by the end of this year, Russia's chief negotiator said on Tuesday, according to local news agencies.
Published 10 Aug, 2005 12:00am
MCI returns to profit

MCI returns to profit

MCI Corp on Tuesday said it returned to profitability in the second quarter as cost cuts outweighed a 10 percent reduction in revenue. MCI, which has agreed to be bought by Verizon Communications Inc for $8.6 billion, earned $64 million, or 19 cents per s
Published 10 Aug, 2005 12:00am
MCI returns to profit

MCI returns to profit

MCI Corp on Tuesday said it returned to profitability in the second quarter as cost cuts outweighed a 10 percent reduction in revenue. MCI, which has agreed to be bought by Verizon Communications Inc for $8.6 billion, earned $64 million, or 19 cents per s
Published 10 Aug, 2005 12:00am
Toronto stocks push higher on Nortel, oils

Toronto stocks push higher on Nortel, oils

Nortel Networks Corp led Toronto stocks to a higher close on Monday after reporting an unexpected jump in revenue, while oil prices scaled a new peak, lifting energy shares.
Published 10 Aug, 2005 12:00am
Ericsson wins Belgian deal

Ericsson wins Belgian deal

Telecoms equipment giant Ericsson said on Tuesday it had signed an agreement to manage the mobile phone network of KPN's Belgian operator BASE. "Under the terms of the agreement, Ericsson will be responsible for the day-to-day operation and maintenance of
Published 10 Aug, 2005 12:00am
Study raises hope key Elan drug will make comeback

Study raises hope key Elan drug will make comeback

A safety study for Elan Corp's multiple sclerosis drug Tysabri has found no new confirmed cases of the brain disease that prompted the Irish company to pull the drug, it said on Tuesday, boosting its shares as much as 39 percent.
Published 10 Aug, 2005 12:00am
Time Warner unlikely to buy wireless firm

Time Warner unlikely to buy wireless firm

Time Warner Cable, the second-largest US cable television operator, is mulling an entrance into the US wireless market, but is unlikely to do so through an acquisition, according to its chief executive.
Published 10 Aug, 2005 12:00am
Blockbuster posts quarterly loss

Blockbuster posts quarterly loss

Movie rental chain Blockbuster Inc on Tuesday posted a quarterly loss that was more than double Wall Street's forecast as lackluster new video releases failed to attract consumers.
Published 10 Aug, 2005 12:00am