Kenya shilling flat vs dollar in quiet trade

(Reuters) - The Kenya shilling was unchanged against the dollar on Thursday and dealers said it would remain at the same levels until the end of the month.

At 1013 GMT, commercial banks quoted the local currency at 67.05/67.15 to the greenback unchanged from Wednesday's close.


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Bank of America profit rises 5 percent

(Reuters) - Analysts on average forecast profit of $1.20 per share on revenue of $18.49 billion, according to Reuters Estimates.




The company "was able to continue attractive earnings growth despite challenging headwinds," Chief Executive Kenneth Lewis said in a statement.


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Motorola posts quarterly loss, revenue falls

(Reuters) - Net sales fell to $8.7 billion from $10.82 billion.




Motorola last week warned it would post a quarterly loss
from continuing operations of 2 cents to 4 cents per share on
sales of $8.6 billion to $8.7 billion.


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Vodacom Group's Second-Quarter Revenue Increases 18.6 Percent, Telkom Say

(Bloomberg) -- Vodacom Group Ltd., South Africa's
largest mobile-phone company, posted an 18.6 percent gain in
sales in the second quarter after it signed up more customers.

Customer numbers rose by 28.4 percent to 32.4 million in the
three months through June 30 from a year earlier, Midrand, South
Africa-based Vodacom said in an e-mailed statement today. The
number increased 7.5 percent from the quarter through March 31.


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UPDATE 1-Scholastic 4th-qtr profit up, sees strong 1st-qtr

(Reuters) - Net income for the fourth quarter rose to $40.4 million, or
93 cents a share, compared with $38.4 million, or 91 cents a
share, in the quarter a year ago.




Revenue rose to $611.7 million from $601 million last
year.


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Alitalia liquidation if carrier not sold: econ min

(Reuters) - "Other than a sale, there is only liquidation," Padoa-Schioppa told Corriere della Sera newspaper. He added that the centre-left government was looking at alternatives to sell its stake.




"This is a company that is losing money, in which the state cannot inject any more capital," he said. "Making Alitalia attractive to an investor seems more difficult than we thought."


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Ex-press baron Black seeks freedom before sentence

(Reuters) - More likely, Judge Amy St. Eve of U.S. District Court in Chicago will allow the 62-year-old Black to remain free pending the November 30 sentencing date at which she may order him to prison for 15 to 20 years, legal experts said.




"The court can set conditions as to the range of places that he can go to, whether he can be confined to his residence, whether electronic monitoring will take place," said Stuart Gerson, a former assistant U.S. attorney specializing in criminal prosecutions.


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