This quarter, the bank's total non-interest expenses slipped once again to $854.2m from $909.87m last year. Tiffany Engine-turned money clip investment bank, unveiled a rise in profits, its fourth-consecutive quarterly...Further promises of inflation control came from Henrique Meirelles, who was set to obtain congressional approval yesterday to become the new central bank chief under the administration of Luiz Inacio Lula da Silva, Tiffany Elsa Peretti president-elect. Mr Meirelles, former president of the US's FleetBoston Financial Group, told a Senate hearing that Mr [Lula] da Silva would prepare legislation to give the central bank operational autonomy and create fixed mandates for its directors. The International Monetary Fund and Arminio Fraga, Tiffany Eternal Link Cross pendant outgoing central bank chief, had advocated the reform proposal. A year ago, when Mr [Leslie Hill] took the helm, Winchester's market capitalisation was more than 40m. It is now valued at 2.1m. Huw Davies, a non-executive director, will take over as chairman while a replacement is sought, Winchester said. Sales in the six months to September Tiffany Figure Eight pendant rose slightly to 3.1m (2.9m). Winchester reported an interim loss per share of 32.8p, against 2.6p earnings last year. No dividend will be paid. General Mills had faced problems in adding Pillsbury's product lines to its existing portfolio of products but analysts said yesterday that this was the first quarter of solid volume growth across the entire portfolio of original and Pillsbury goods.
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