Eastman Kodak, the Rochester-based pioneering U.S. manufacturer of film and cameras struggling to keep up with digital photography, reported quarterly losses of 1 bln dollars, compared to earnings of 458 mln dollars in the third quarter last year. The losses were based on tax write offs of 900 mln dollars prompted by the steady losses

The demand for notebook computers is booming in the Asia-Pacific region with India recording the strongest personal computer (PC) growth, International Data Corporation said on Thursday. The third quarter marked the biggest notebook growth in the region outside of Japan, said an IDC Corp. report. PCs sold crossed 10.9 million units in the three months

Home prices stabilise The number of building permits fell again in July compared with the same month of 2004, reaching a total of 614, or a drop of 2.4% on July 2004. However, demand appears to be buoyant, as the value and area of building permits authorised continues to grow apace, suggesting that in the

By Petros G. Kyprianides Carrefour in French means ‘crossroad’. Indeed, the arrival of this 800-pound gorilla will mark the crossroads of the Cyprus retail market. After purchasing 50.1% of the shares of Chris Cash and Carry and eventually the balance of shares at 32c a piece, it has prepared its plans for the Cypriot retail

Who is the retail giant talking to? French retail giant Carrefour and its Greek subsidiary Carrefour-Marinopoulos, which is entering the Cyprus market through its takeover of Chris Cash and Carry, plans to take a major share of the Nicosia retail sector, which accounts for nearly 40% of the islandwide market. Having completed its takeover of

Rights prospectus awaits SEC green light Morgan Staney report expected on BOC Bank of Cyprus shares roared to a fresh record close of CYP 2.55 on the CSE, while in Greece they hit another high of EUR 4.60 or CYP 2.64 as the bank’s positive profit warning for third quarter results attracted more buying. The