Archive for 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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The luxury homebuilder said first-quarter revenue fell 51% as potential homebuyers remain concerned about financial instability.
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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.
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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.
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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 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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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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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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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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