Archive for February 11th, 2009

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

Wednesday, February 11th, 2009

Investors in Asia and Europe reacted with skepticism to the U.S. government’s latest plan to rescue its ailing financial industry.
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Toll’s HomeBuilding Revenue Slumps 51% (TheStreet.com)

Wednesday, February 11th, 2009

The luxury homebuilder said first-quarter revenue fell 51% as potential homebuyers remain concerned about financial instability.
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Zacks Releases Four Powerful ”Buy” Stocks: Myriad Genetics, Republic Services, OSG America and Titan Machinery (Business Wire via Yahoo! Finance)

Wednesday, February 11th, 2009

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.
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RIM Reaches Deal to Buy Certicom (TheStreet.com)

Wednesday, February 11th, 2009

Certicom said it was told by VeriSign that it wouldn’t match Research in Motion’s offer of C$3 a share.
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Japan Banks Near Nikko Cordial Decision (TheStreet.com)

Wednesday, February 11th, 2009

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

Wednesday, February 11th, 2009

The European drug company saw quarterly profits fall mainly because of a charge taken for discontinuing two experimental cancer drugs.
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Morgan, Mitsubishi UFJ to Merge Japan Brokerages: Report (TheStreet.com)

Wednesday, February 11th, 2009

Morgan Stanley and Japanese bank Mitsubishi UFJ have reached a basic agreement to merge their brokerage businesses in Japan, a report says.
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Credit Suisse Swings to Loss on Writedowns (TheStreet.com)

Wednesday, February 11th, 2009

The Swiss bank reported a fourth-quarter loss of 6.02 billion Swiss francs ($5.2 billion) as it recorded large writedowns.
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Nokia to Close Finland Plant, Cut 320 Jobs (TheStreet.com)

Wednesday, February 11th, 2009

The world’s largest mobile phone maker also announced temporary layoffs of some 2,500 workers at another plant in southern Finland.
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AIG Could Sell Auto Insurance Unit: Reports (TheStreet.com)

Wednesday, February 11th, 2009

The insurer is in talks to sell its U.S. auto insurance business, 21st Century Insurance, to Zurich Financial Services, reports say.
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