(Reuters) – Improvements in the U.S. housing market and sales tied to Hurricane Sandy helped Home Depot Inc report a higher-than-expected quarterly profit and outshine rival Lowe's Cos Inc for the 15th straight quarter. The strong results, announced on Tuesday, prompted the world's largest home improvement chain to forecast higher sales and earnings for the current fiscal year. Home Depot also raised its quarterly dividend by 34 percent to 39 cents a share and said it had approved a $17 billion stock repurchase program to replace its previous authorization. Shares of Home Depot were up 1. … Bank of Montreal raises dividend but profit slips
(Reuters) – Bank of Montreal's quarterly profit eased 5.4 percent on lower loan recoveries at its U.S. retail bank, but core profits beat expectations and the company raised its quarterly dividend by 2.8 percent. The bank, Canada's fou rth largest bank and a major player in the U.S. Midwest, said on Tuesday it earned C$1.05 billion ($1.02 billion), or C$1.53 a share, in the fiscal first quarter ended January 31. That compared with a year-before profit of C$1.11 billion, or C$1.63 a share, when the bank benefited from the unexpected paydown of bad loans acquired when it purchased U.S. … First Majestic Silver profit rises on higher output
(Reuters) – Canada’s First Majestic Silver Corp , which backed out of a bidding war for Orko Silver Corp last week, said fourth-quarter profit rose 5 percent on higher production. Net income rose to $22.4 million, or 19 cents per basic share, from $21.3 million, or 20 cents per basic share, a year earlier. Revenue rose 17 percent to $71 million. (Reporting by Krithika Krishnamurthy in Bangalore; Editing by Don Sebastian)
AP Newsbreak: US-led coalition's report of drop in Taliban attacks wrong; figures show no drop
WASHINGTON – The U.S.-led military command in Afghanistan is acknowledging that its report of a decline last year in Taliban attacks was incorrect. Officials say corrected figures will show no decline.
Ex-boyfriend sentenced to 4 years in jail for plot to blackmail daughter of Formula One boss
LONDON – A former boyfriend of British socialite Tamara Ecclestone has been sentenced to four years in prison for plotting to blackmail her for 200,000 pounds ($303,000).
Vatican: Retired Pope Benedict XVI will be called 'emeritus pope,' will continue to wear white
VATICAN CITY – The Vatican has answered some of the outstanding questions about Pope Benedict XVI’s future once he’s retired, saying he’ll be known as “emeritus pope,” and continue to wear a white cassock.
Bank of Montreal announces dividend increase, $1-billion first-quarter profit
TORONTO – Bank of Montreal (TSX:BMO) says its profit in the first quarter was slightly more than $1 billion.
South Africa: Buffalo and donkey in beef products
JOHANNESBURG (AP) -- South African food scientists say there is water buffalo, donkey and goat meat in mislabeled South African foods including beef burgers and sausages.
Amnesty criticizes Ivory Coast for biased justice
ABIDJAN, Ivory Coast (AP) -- Ivory Coast’s government is subjecting supporters of former President Laurent Gbagbo to biased legal proceedings, ill-treatment and torture, while failing to ensure their security in the country’s volatile western region, according to a report released Tuesday by Amnesty International.
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