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June 8, 2010 | By Hugo Martin, Los Angeles Times
After an almost two-year financial nose dive, the global airline industry appears ready to soar again. Three months after forecasting $2.8 billion in worldwide losses, a trade group for the world's airlines now predicts $2.5 billion in profits for 2010, with air travel demand and cargo traffic expected to grow faster than previously predicted. A report released Monday by the Montreal-based International Air Transport Assn. said passenger traffic worldwide is expected to grow 7.1% in 2010 over the previous year while cargo traffic will expand 18.5%.
February 25, 2003 | From Reuters
Private-sector economists have cut their U.S. growth forecasts for this quarter and trimmed them for all of 2003, a Federal Reserve Bank of Philadelphia survey said. Economists pared their estimates for first-quarter growth to 2.2% annualized from 2.6% in the previous survey last quarter. They expect annualized real gross domestic product to rise a modest 2.5% for 2003, down from the previous estimate of 2.6%.
December 5, 2003 | From Reuters
Qualcomm Inc. raised quarterly profit and sales forecasts, citing heightened demand for its microchips that run popular new cellphones with color screens and digital cameras. Shares of the San Diego firm rose $4.63 to $49.10 on Nasdaq. Qualcomm said it expected a fiscal first-quarter profit of 36 to 37 cents a share, up from its target of 25 to 28 cents a month ago. Excluding investment losses, it sees earnings of 47 to 48 cents a share. The average Wall Street estimate was 38 cents.
August 25, 2008 | From Times Wire Reports
People worried about the high cost of keeping warm this winter will draw little comfort from the Farmer's Almanac, which predicts below-average temperatures for most of the U.S. "Numb's the word," says the 192-year-old publication, which claims an accuracy rate of 80% to 85% for its forecasts, which are prepared two years in advance. The almanac's 2009 edition, on sale Tuesday, says at least two-thirds of the country can expect colder-than-average temperatures this winter, with only the far West and Southeast in line for near-normal readings.
May 4, 1989 | Jack Smith
A reader has sent me a promotional brochure for the World Future Society, (4916 Elmo Ave., Bethesda, Md. 20814-5089) "an institution for the study of alternative futures" and publisher of The Futurist, "a journal of forecasts, trends and ideas about the future." The brochure appears to be out of date, since it says the 21st Century is 15 years away (it is 11 years and eight months away), but its "social and technological forecasts for the next 25 years" are for dates that remain in the future.
December 4, 2003 | From a Times Staff Writer
The hiring outlook in California should brighten considerably next year, but it will be far from dazzling, according to economists at Chapman University. Their report, to be released today, forecasts that employers statewide will boost payrolls by a net 164,000 jobs next year. That would mark a dramatic increase from the meager 9,000 new jobs that were expected to be added this year and the loss of about 125,000 jobs in 2002.
November 7, 2006 | From Bloomberg News
Video game publisher Activision Inc. on Monday predicted fiscal third-quarter sales of $600 million, topping analysts' estimates. Sales in the quarter ending Dec. 31 will be driven by games including "Call of Duty 3," Santa Monica-based Activision said. Analysts expect $584.2 million, the average of 17 estimates. Sales totaled $816.2 million a year earlier. Activision and other game publishers are recovering from a slump triggered by the changeover to a new generation of consoles.
January 2, 1998 | From Associated Press
Had the psychics been right, 1997 would have gone down in history as the year rocker Mick Jagger became a member of Parliament and former television anchorman Walter Cronkite a critically acclaimed lounge singer. O.J. Simpson would be a big star on French television as the host of a "whodunit" show, and actor John Travolta a hero for landing a commercial jetliner when its crew came down with food poisoning.
December 14, 2007 | From Bloomberg News
Lehman Bros. Holdings Inc., the largest U.S. underwriter of mortgage-backed bonds, said Thursday that fiscal fourth-quarter earnings fell and losses from the collapse of the sub-prime mortgage market would probably extend into next year. But the brokerage's profit exceeded analysts' estimates. Diversification helped: Revenue from trading stocks more than doubled, and Lehman's investment in hedge fund GLG Partners also boosted results.
A storm swooping in from the Gulf of Alaska may dampen holiday spirits throughout Southern California this weekend--and raises the possibility that the area will experience its first wet Christmas in more than a decade. "Unfortunately, it looks like there will be rain on Christmas, at least a chance of it," said Curtis Brack, a meteorologist at WeatherData, which provides forecasts for The Times. "It doesn't look like a terribly heavy storm. The heaviest rains will come over the mountains."
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