Monthly Archives: February 2009

Hitachi Posts $4.1 Billion Quarterly Loss (TheStreet.com)

2009/02/03
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The Japanese manufacturer reported a third-quarter loss of 371 billion yen ($4.14 billion) as demand weakened. The company confirmed that it expects its worst ever full-year loss. More: continued here

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UBS, Morgan Talked Brokerage Sale: Reports (TheStreet.com)

2009/02/03
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The Swiss bank held preliminary talks with Morgan Stanley about the sale of its U.S. brokerage unit, say reports. More: continued here

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Macy’s to Pare Divisions, Cut Jobs: Report (TheStreet.com)

2009/02/02
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The department-store operator is expected to announce plans to consolidate its regional operating divisions, and could lay off up to thousands of workers, a report says. More: continued here

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GlaxoSmithKline to Slash Workers: Reports (TheStreet.com)

2009/02/02
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Reports have the British drugmaker cutting 6,000 to 10,000 jobs. More: continued here

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Most Asian Markets Finish Lower (TheStreet.com)

2009/02/02
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China’s main index bucked the trend rising 1.1% on a report the government is considering new steps to boost growth. More: continued here

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AIG, U.S. in Talks for Backstop Plan: Report (TheStreet.com)

2009/02/02
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The insurer is in discussions for the the U.S. government to backstop some of its troubled assets and is considering selling units through initial public offerings, a report says. More: continued here

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Rio Tinto Talks to Chinalco About Investment (TheStreet.com)

2009/02/02
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The deal under discussion could significantly raise Chinalco’s share of Anglo-Australian miner Rio Tinto. More: continued here

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GM Seeks Tax Relief From Congress: Reports (TheStreet.com)

2009/02/02
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The automaker is pressing Congress to waive a tax liability of as much as $7 billion related its overhaul., say reports. The bill could be enough to force the company into bankruptcy. More: continued here

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Cramer’s ‘Mad Money’ Recap: Jan. 30 (TheStreet.com)

2009/02/01
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Cramer says investors shouldn’t draw the wrong conclusions from the decline in the averages. More: continued here

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Regulators Close Three More Banks (TheStreet.com)

2009/02/01
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For the first time in nearly five years, the FDIC is unable to find a buyer for a failed bank’s insured deposits. More: continued here

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