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The U.S. Open is in full swing, and ticket resellers are serving great deals—at least if you’re interested in catching players in early rounds before the competition really heats up.
Prices for the first rounds of the tournament, which began Monday and wraps up Sept. 12, are lower than last year’s. First-round tickets are currently going for $109, a 13% decrease, according to ticket-search site FanSnap.com. Even quarterfinals prices, at an average $247 per ticket, are 12% cheaper than in 2009.
Like other major sporting events, the U.S. Open is still recovering from consumers’ cutbacks during the recession. “Demand is starting to pick back up,” says Robert Tuchman, the executive vice president for Premiere Sports Travel, which creates sports travel packages. “If [the Open] is something on your bucket list, this would be the year to cross it off.”
Would-be attendees can expect more movement in the price market as early matches determine which fan favorites move forward, says Christian Anderson, a spokesman for FanSnap.com. In pa
AUSTRALIAN businesses enjoyed a record profit surge in the latest quarter, with mining profits ballooning by nearly two-thirds, thanks to soaring commodities prices.
Profits across all industries leapt by 19 per cent to $68 billion in the three months to June, the Bureau of Statistics said yesterday.
Driving the increase was a 63 per cent explosion in miners’ earnings, which struck $25 billion after contract prices for iron ore and coal were upgraded sharply.
The jump in miners’ income also came as the industry mounted its fierce campaign against a ”super profits” tax designed to capture the windfall flowing to the sector.
The other big winners were in construction, where profits rose 30 per cent, and financial services, which grew by 29 per cent.
It’s perhaps no surprise that Robert Eckert’s office looks more like a toy store than an executive suite. There’s a trove of Barbies on the floor near the door, a giant Winnie the Pooh nearby and a huge display of Hot Wheels and Masters of the Universe action figures. Behind his desk, there are even a few dolls in his likeness, including a “Bob Barbie” with gray hair, dress shirt and mini employee badge.
Yet even after a decade at the helm of the world’s largest toy company, Eckert, 56, says he still doesn’t know what children really want. Every winter, he tries to predict a best-selling “toy of the year”-and his record is hit or miss. He isn’t even sure if his company’s biggest bet in years-a new brand of toys, books, dolls and clothing called Monster High-will be a hit. “There’s no magic formula,” he says.
Eckert might not be Willy Wonka, but he’s presiding over what some analysts say is a reinvigorated company. Sales are expected to reach nearly $6 billion this year, with profits projected to jump 44 percent.
Virgin Blue has begun a further overhaul of its international network which will see its fledging long-haul offshoot, V Australia, fly to Abu Dhabi in the Middle East but ditch loss-making flights to South Africa.The airline today posted a $21 million net profit for the year to June, compared with a loss of $160 million a year earlier. Revenue rose 13 per cent to $2.98 billion.Virgin Blue’s underlying pre-tax profit was $31 million, which was in line with market expectations. Shares in the airline were up as much as 2 cents, or 7.1 per cent, to 30 cents in early trading.However, Virgin Blue warned that trading conditions were still volatile and strong competition between airlines was continuing to put pressure on yields. Unveiling the second phase of its network review, Virgin Blue signed a codeshare and interline agreement with Middle Eastern airline Etihad which will result in V Australia aircraft flying directly between Australia and Abu Dhabi from next year. T
NEW YORK—U.S. stocks declined Friday, sending the Dow Jones Industrial Average to its second consecutive week of losses as concerns about economic growth weighed on investor sentiment.
The blue-chip index lost 57.59 points, or 0.56%, to finish at 10213.62, leaving it in negative territory for the week, month and year. The Dow remains down 2.1% for the year.
The Nasdaq Composite rose less than one point to 2179.76 while the Standard & Poor’s 500-share index slipped 3.94 points to 1071.69.
A weaker euro on Friday reminded investors of lingering sovereign-debt concerns and added to the week’s push-and-pull between encouraging corporate news and weaker-than-expected economic data. A resurgence in deal activity to the highest levels since late 2009 contrasted with persistent reminders of the struggling global economic recovery.
“There’s been the realization that the economy in the second half of this year—and therefore corporate profits—are going to be more modest than where a lot of people thought they would be six months ago,” said Adrian Cronje, partner and chief investment officer at Balentine.
Some investors remained optimistic, arguing that the market had focused too much on short-term jobs numbers. “We b