Daily Archives: 2009/01/22

UBS To Cut More Investment Banking Jobs (TheStreet.com)

2009/01/22
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A spokesman said job cuts were revealed in an internal memo and that that number of jobs lost will be revealed next month when UBS posts fourth-quarter figures. More: continued here

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Toyota Plans Management Cuts: Report (TheStreet.com)

2009/01/22
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Toyota will replace most of its top management later this year as incoming President Akio Toyoda aims to return the Japanese automaker to profit, a report says. More: continued here

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Sony Forecasts Fiscal Loss, More Cost Cuts (TheStreet.com)

2009/01/22
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The company revised its forecast sharply lower because of a deteriorating business environment and a stronger yen, and said it will make further cost cuts in an effort to return to profit. More: continued here

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AIG Begins Auction for Asian Unit: Report (TheStreet.com)

2009/01/22
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The insurer has begun the auction of its Asian life assurance unit in the hopes of raising up to $20 billion to help repay a U.S. government loan, a report says. More: continued here

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JPMorgan?s top stock picks in India (Business Times (Malaysia))

2009/01/22
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NEW DELHI: Investors should buy India?s banks, developers and carmakers, which are among companies that will benefit most from a possible interest rate cut and economic stimulus plans, JPMorgan Chase & Co said yesterday. More: continued here

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Sony Forecasts 150 Billion Yen Fiscal Loss (TheStreet.com)

2009/01/22
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The company revised its forecast sharply lower because of a deteriorating business environment and a stronger yen. More: continued here

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Zacks Releases Four Powerful ”Buy” Stocks: Huron Consulting Group, American Science & Engineering, The Ensign Group … (Centre Daily Times)

2009/01/22
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Four free stock picks are being made available today on Zacks.com. The industry?s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value. More: continued here

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