Daily Archives: 2009/02/11

Asian Stocks End Lower; Europe Mixed (TheStreet.com)

2009/02/11
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Investors in Asia and Europe reacted with skepticism to the U.S. government’s latest plan to rescue its ailing financial industry. More: continued here

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Toll’s HomeBuilding Revenue Slumps 51% (TheStreet.com)

2009/02/11
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The luxury homebuilder said first-quarter revenue fell 51% as potential homebuyers remain concerned about financial instability. More: continued here

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Zacks Releases Four Powerful ”Buy” Stocks: Myriad Genetics, Republic Services, OSG America and Titan Machinery (Business Wire via Yahoo! Finance)

2009/02/11
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CHICAGO—-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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RIM Reaches Deal to Buy Certicom (TheStreet.com)

2009/02/11
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Certicom said it was told by VeriSign that it wouldn’t match Research in Motion’s offer of C$3 a share. More: continued here

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Japan Banks Near Nikko Cordial Decision (TheStreet.com)

2009/02/11
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Japan’s three largest banks will tell Citigroup this week whether they want to bid for the company’s Tokyo-based brokerage unit, according to local media. More: continued here

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Profits at Sanofi-Aventis Plummet 76% (TheStreet.com)

2009/02/11
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The European drug company saw quarterly profits fall mainly because of a charge taken for discontinuing two experimental cancer drugs. More: continued here

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Morgan, Mitsubishi UFJ to Merge Japan Brokerages: Report (TheStreet.com)

2009/02/11
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Morgan Stanley and Japanese bank Mitsubishi UFJ have reached a basic agreement to merge their brokerage businesses in Japan, a report says. More: continued here

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Credit Suisse Swings to Loss on Writedowns (TheStreet.com)

2009/02/11
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The Swiss bank reported a fourth-quarter loss of 6.02 billion Swiss francs ($5.2 billion) as it recorded large writedowns. More: continued here

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Nokia to Close Finland Plant, Cut 320 Jobs (TheStreet.com)

2009/02/11
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The world’s largest mobile phone maker also announced temporary layoffs of some 2,500 workers at another plant in southern Finland. More: continued here

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AIG Could Sell Auto Insurance Unit: Reports (TheStreet.com)

2009/02/11
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The insurer is in talks to sell its U.S. auto insurance business, 21st Century Insurance, to Zurich Financial Services, reports say. More: continued here

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