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View Full Version : Embraer Rises to 2-Month High on Military Sales Speculation - Bloomberg



NewsWhore
04-09-2009, 12:00 PM
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Embraer Rises to 2-Month High on Military Sales Speculation (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601086%26sid%3DafxMMCh7Kc6o%26refer%3Dlatin_america&cid=0&ei=_BzeSZa0BpTC6APEwtGvDQ&usg=AFQjCNEIj4JKvo-v2BhXX6g0oIWyLIEQwQ)
Bloomberg
The company cut 20 percent of its workforce in February and slashed spending as orders dwindled amid the global recession. Embraer on March 27 reported a 44 percent decline in fourth- quarter profit due to losses from currency hedging.


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