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Money & Business - Tuesday, 9th February 2010  
Japanese Government calls on Toyota chief for explanation
 Toyota's president is due to brief the Japanese government on the Prius recall.
Argentina to increase nuclear facilities
 Argentina has decided to build a third nuclear plant by end of the year.
Greece announces its tax changes
 Greece will institute tax reforms to urgently boost government revenues.
Japanese beer companies will remain apart
 Kirin and Suntory, the Japanese brewers have decided not to merge.
South American airport named as best
 The new Uruguayan air has been described in “Travel+Leisure” magazine as one of the most beautiful airports in the world.
Japan bank lending slides with weak demand
 Japanese bank lending has slid in its biggest annual fall in more than four years.
Nokia to defend US lawsuit
 Mobile-phone giant Nokia has indicated it will defend allegations made in the US that it committed securities fraud by concealing information about production delays and price cuts.
Employees put business at risk with excessive IT use
 A report which has been released through IT security company Sophos, has shown that businesses are suffering more attacks from social media networks.
Russia becomes major arms supplier to Latin America
 Russia has displaced the US as main supplier of arms to Latin American countries.
U.S. stocks sink in late trade
 U.S. stocks hovered in and out of positive territory Monday, with the bears only slightly getting the upper hand.
Poor outlook for stocks in coming week
 There is a growing sense that the US stock market's rally from the lows of has run out of momentum.
Nissan to stay open in Spain
 Japanese carmaker Nissan has it will not close its Avila plant in Spain, although it will run at less than 50 percent capacity for at least three years.
Geithner says there will always be investors for US bonds
 US Treasury Secretary, Timothy Geithner, has expressed confidence that warnings from Moody's ratings agency will not deter investors.
IMF man predicts bad times for Britain
 An ex-IMF chief economist, Simon Johnson, has told the BBC he believes the UK should be seen as being akin to countries such as Greece and Spain, which are facing severe debt problems.
Japan Airlines changes mind about Delta
 Japan Airlines has decided to hold on to its partnership with American Airlines in the Oneworld alliance.
Atlas Air drops wing part
 A flight of Atlas Air has dropped a wing cover on approach to Miami International Airport.
Rooney, wife may not be grilled about earnings in court
 London, Feb. 9 : Manchester United striker Wayne Rooney and his wife Colleen may not be questioned about his earnings in a case brought against him by a sports management firm.
Exar to purchase privately held Neterion for between $10 million and $11 million
 Exar Corp. said Tuesday that it will buy Neterion Inc., which provides adapters for servers and storage systems, for between $10 million and $11 million. Chip maker Exar said its...
European stocks up cautiously on hopes for Greece
 Stocks traded mixed Monday as investors remained wary about the strength of...
U.S. futures recover after sub-10,000 Dow close
 U.S. stock futures were stronger Tuesday, recovering after the Dow Jones Industrial Average finished below the 10,000 mark for the first time since early November. ...
Ofgem green energy label to prove eco-friendly electricity tariffs really delivering
 Energy firms will have to show their environmentally friendly tariffs cover more than basic requirements. Photograph: Andrew Milligan/PA A labelling scheme to show consumers if "green" electricity...
Tui Travel says the worst could be over
 Europe's biggest tour operator, believes the worst could be over as it reported an improvement in trading.The company said second quarter trading was better than the first quarter, and it was...
China increases hold over car market
 China widened its lead over the US as the world's biggest auto market in January, with passenger car sales more than doubling to 1.32m vehicles, an industry group reported today.Spurred by tax cuts...
Rightmove rises after bumper January
 ... has sent its shares higher - because the property website has warned profits for 2010 will be higher than expected.The company has not even announced its figures for the year to 2009 yet...
Microsoft updates ASP web apps tool
 IT Jobs section with hundreds of jobs ! Current job listings are now available for Software Developers, Web Developers, Application Engineers, Project Managers, Graduate opportunities and more.
General Motors Axes Over 500 Vauxhall Jobs
 The US car giant is axing 154 administrative jobs on top of anticipated cuts at one of its manufacturing plants. But the figure of 369 job losses at its van-making factory in Luton is slightly...
Head Of City Watchdog FSA Stands Down
 Chief executive Hector Sants is to stand down in summer 2010, the regulator said, adding that it would announce the process for replacing him in due course. The former investment banker had been...
Big Freeze Puts Skids On Housing Market
 While many areas of the market underperformed during the month, sales of tinned food, shovels, coats and electric blankets boomed as Britons prepared to be snowed in. Internet retailers also made...
Aggreko Signs 2 Pacts Worth $75 Million, Not $72 Million
 ... quot;Aggreko Signs 2 Pacts In Sultanate Of Oman, Panama Worth $72M," at 1122 (Dow Jones)- Aggreko PLC...
Spain Plans New Cut In Photovoltaic Solar Subsidies -Government
 Spain's government plans to cut subsidies to photovoltaic solar power further after a recent fall in the price of solar panels, a spokesman for the industry ministry said...
Centene Corp. Fourth-quarter Profit Up 10.7%
 Managed health-care provider Centene Corp. on Tuesday said fourth-quarter net earnings rose to $23.7 million, or 53 cents a share, from $21.4 million, or 49 cents a share, in the same...
To Curb Land Speculation By Property Firms
 China will curb land speculation by property companies this year, to help ensure healthy and stable development in the property sector, Minister of Land and Resources Xu...
Cognizant Profit Grows 28%
 Cognizant Technology Solutions Corp. said Tuesday that its fourth-quarter net profit rose 28% to $144 million, or 47 cents a share, from $112.3 million, or 38 cents a share, a year...
Teliti International Plans IPO On London's Junior AIM Market
 Adds detail and executive comment) (Dow Jones)- Malaysian IT services company Teliti International Ltd. Tuesday said it is seeking to raise money through an initial public offering on the...
Coventry Health Profit Up As Rates Climb
 Coventry Health Care said its fourth-quarter profit rose to $109.1 million, or 74 cents a share, from $88.2 million, or 60 cents a share, as revenue rose to $3.24 billion from $2.86...
Fitch Affirms Canton Of Zurich 'AAA'
 Fitch Ratings-London/Frankfurt/Paris-09 Fitch Ratings has today affirmed the Canton of Zurich's (Zurich) Long-term foreign and local currency ratings at 'AAA', respectively, and its...
Not Much Worried About Recent Stock Falls
 Japan's Finance Minister Naoto Kan said Tuesday that he isn't concerned about recent stock falls, as they have been triggered by overseas factors such as sovereign debt concerns...
China's CIC gives breakdown of U.S. equity stakes
 China Investment Corp CIC.UL, the country's $300 billion sovereign wealth fund, has made its biggest U.S. equity bets in natural resources and financial stocks.
Toyota Prius Recall Extended Worldwide
 Toyota Motor Corp.'s new Prius hybrid model, which is called 2010 Prius in the U.S., is displayed at the Toyota museum in Toyota, central Japan, Feb. 6, 2010.
Macworld Expo 2010 Caters to Apple Fans — Without Apple
 Like a Star Trek convention minus Leonard Nimoy, Macworld Conference and Expo 2010 kicks off Tuesday at San Francisco’s Moscone Center with no official presence from Apple. Though the event...
Futures point to higher open on Wall Street
 U.S. stocks futures rose on Tuesday, pointing to a higher start for Wall Street after sharp falls in the previous session, but with some caution expected to persist over euro zone debt concerns. *...
EnBW 2009 Profit Down 13%, Sees Earnings Stable In 2010
 Energie Baden-Wuerttemberg AG (EBK.XE) said Tuesday that full year net profit fell 12.6% in 2009, reflecting higher financing costs due to the company's increased investment and the...
EnBW 2009 Net Profit -13%, Sees Stable Earnings In 2010
 Energie Baden-Wuerttemberg AG (EBK.XE) said Tuesday that full year net profit fell 12.6% in 2009, reflecting higher financing costs due to the company's increased investment and the...
Centene Corporation Reports 2009 Fourth Quarter and Full Year...
 CNC today announced its financial results for the quarter and year ended 2009. The results of operations for our New Jersey health plan, University Health Plans, are classified as...
Tower Group, Inc. Announces Conference Call to Discuss Fourth...
 ... prior to the market opening. Tower will also host a conference call and...
Ixia to Report Fourth Quarter Results on February 18, 2010
 XXIA , a leading, global provider of IP performance test systems,after the market ...
Coventry Health Care Reports Fourth Quarter Earnings of $0.74 per...
 CVH today reported consolidated operating results for the quarter ended 2009. Operating revenues totaled $3.4 billion for the quarter with net earnings of $109.1 million, or $0.74...
H�gan�s Year-End Report 2009 - Record Volumes in Asia, Positive...
 The market performed robustly in the fourth quarter, especially in Asia. Sales volumes in China and India were the highest ever. However...
Opel plans 11bn euro investment
 General Motors' Opel unit will invest 11bn euros ($15bn; £9.7bn) "in a new product offensive" over the next five years, the carmaker has said.The investment forms part of a plan...
Warning on sending money overseas
 People transferring money abroad should only use services authorised or registered with the Financial Services Authority, the regulator has warned.People in the UK send about £6bn a year...
OptionEase Attains Gold Certified Partner Status in the Microsoft Partner Network
 ... on-demand software-as-a-service (SaaS) applications for equity administration and compliance, today announced that it has earned Gold Certified Partner status in the Microsoft Partner Network, the...
Boots signs Mothercare deal
 Boots already sells toys from the Early Learning Centre, owned by Mothercare Photograph: Sarah Lee A range of children's clothing and accessories is to be sold in Boots after the pharmacy chain...
Nissan returns to profit thanks to China sales
 Japan 's third biggest carmaker said its net profit totalled ¥44.9bn (£322m) between October and December, compared with an ¥83.1b loss a year earlier.It now expects profits of ¥35bn for the year...
Guardian Media Group sells regional business to Trinity Mirror
 Manchester Evening News and 21 other titles in the north-west of England, plus 10 titles in the south of England, including the Reading Post and the Surrey Advertiser.Its Greater Manchester TV...
British Airways plane crash caused by 'unknown' ice buildup
 A British Airways Boeing 777 plane flying in from China crash-landed at Heathrow airport two years ago. A report says the crash was caused by ice buildup. Photograph: Andrew Parsons/PA The fault...
BG sparks up on bid talk
 BG - which was under pressure yesterday after a downgrade from Barclays Capital - has seen its shares rise 12.5p to £11.07 on the tale, while BHP is 32.5p better at 1889.5p. BHP could probably...
Euro, Asian Stocks Gain on Speculation Europe Will Help Greece
 Feb. 9 (Bloomberg) -- The euro rallied and stocks in Asia reversed losses as speculation European officials will help Greece tackle its deficit eased concern that rising debt burdens will derail the...
Palabora pays dividend despite in earnings
 Submit your comment Copper mining company Palabora Mining,dividend despite a 60 percent fall in its full year headline...
Trichet To Attend Thursday E.U. Meeting, Euro Up
 The euro regained ground versus the U.S. dollar Tuesday after news emerged in late Asian trading hours that European Central Bank President Jean-Claude Trichet would leave a meeting in...
No Reason To Believe Any Bank Employees Stole Data
 UBS ) Chief Executive said Tuesday the Swiss bank doesn't believe any of its employees have stolen and passed on confidential client data. "We have no reason to believe our employees delivered data...
Tele2 4Q Profit Misses Views; Raises Dividend
 Adds (Dow Jones)- Swedish telecom operator Tele2 AB (TEL2-B.SK) Tuesday reported a slightly weaker-than-expected rise in net...
Proposals To Reform Incentives For NERL To Reduce Delays
 The U.K. Civil Aviation Authority, or CAA, said Tuesday it has published its initial consultation on the scope and structure of its price control for the En Route part of NATS'...
Polish BRE Bank To Relase New Strategy March 1
 Poland's BRE Bank SA (BRE.WA), a unit of Commerzbank AG (CBK.XE), will issue its new strategy March 1, the bank said in a presentation to discuss its fourth-quarter results....
Montagu's BSN Medical Joins Queue Of IPO Candidates -Sources
 MS for a potential initial public offering of German bandages maker BSN Medical, people familiar with the matter have said, putting the company in a queue of privately-owned companies that are...
Philippines President Signs PHP1.541 Trillion Budget For 2010 - Official
 ... quot;); } function setUserAsLoggedIn() { $('#username_link').show(); $('#username_link').html("WELCOME ("+$.cookie("p_UN")+")"); ...
VimpelCom Ltd. Launches Offer For OAO VimpelCom
 Rewrites with background, ratio.) Of (Dow Jones)- Minority shareholders in Russia's second-largest telecommunications company, OAO Vimpel Communications...
Amnesty Criticism Of Orissa Project Based On Outdated Document
 Adds comments from Vedanta, Amnesty report, appeal to James Cameron) By Prasenjit Bhattacharya Of (Dow Jones)- Vedanta Resources PLC (VED.LN) Tuesday responded to...
ECB Trichet departure sparks Greece rescue talk
 Jean-Claude Trichet, President of the European Central Bank addresses the media during his monthly news conference at the ECB headquarters in Frankfurt, 2010.
Intel and Microsoft Tap FedScoop for Online Cloud Computing Campaign
 Today, FedScoop announced that Intel and Microsoft will be sponsoring an educational campaign focused on the present and future possibilities of cloud computing called, "Minds in the Cloud."...
Nissan reports return to profit
 Japanese carmaker Nissan has reported a return to profit for the last three months of 2009.The company made a profit of 45bn yen ($500m, £320m) in the October to December period, compared with...
Cubic’s quarterly earnings fail to meet expectations
 ... at 12:02 a.m. Cubic Corp. shares slid 7 percent yesterday after its quarterly earnings fell short of analysts’ expectations. The San Diego company, which makes training...
Anthem Blue Cross rate hikes on Calif policies criticized by Obama admin, state regulator
 Over the past 12 years, Josh Libresco's health insurance premium has increased almost eight-fold for his family of four. The 54-year-old San Rafael resident is facing a 39 percent...
Outotec Q4 earnings miss forecast
 Quote ) reported fourth-quarter earning below market expectations, hit by weak sales across its units, and said it would cut 170 jobs to counter a challenging 2010. "Due to the post-cyclical nature...
Forget the Harvard MBA – learn from Africa | Brain food
 ... victims and start recognising them as creative entrepreneurs and value-­conscious consumers," Prahalad argues, "a whole new world of opportunity will open up." In other words, allow the poor into...
MXSave Releases Support for Microsoft Outlook and other E-mail Clients to Connect to its E-mail Disaster Recovery Service
 MXSave announces e-mails stored at its e-mail disaster recovery service can now be accessed by standard e-mail clients that support POP3 & IMAP such as: Microsoft Outlook, Windows Mail, Apple Mail...
European Stocks Erase Losses; Stoxx 600 Index Is Little Changed
 Feb. 9 (Bloomberg) -- European stocks erased their decline as banks, mining companies and automakers advanced. The Dow Jones Stoxx 600 Index was little changed at 238.92 as of 8:21 a.m. in London...
Lloyds and RBS 'failing to lend'
 Royal Bank of Scotland and Lloyds Banking Group have been criticised by a committee of MPs for failing to lend enough to homeowners and businesses.The Committee of Public Accounts said the two...
Immigrants Claim Wal-Mart Fired Them to Provide Jobs for Local Residents
 Wal-Mart , accusing it of a raft of discriminatory actions. Most say they were dismissed because supervisors wanted to give their jobs to local people in need of work.
Goldman Cuts Greek And Italian Banks To Sell
 National Bank of Greece and Greek Postal Savings Bank were cut from neutral to sell on Tuesday at Goldman Sachs, which also cut Italian banks Banca Monte dei Paschi di Siena , Banco...
Teliti International Plans IPO On London's Junior AIM Market
 Malaysian IT services company Teliti International Ltd. said Tuesday it is planning an initial public offering on London's junior Alternative Investment Market. The company...
NYSE Euronext Posts 4Q Profit; Sees Cost Cut Benefits In 10
 NYX ) said Tuesday that it swung to a net profit in the fourth quarter of 2009 after goodwill impairment charges dragged it into the red a year earlier. The company posted net profit for the three...
China First Heavy Industries Falls Sharply On Debut
 Adds closing levels.) (Dow Jones)- China First Heavy Industries (601106.SH) became the third major Shanghai listing in three weeks to fall below its initial public offering price on its...
Woodside Says Browse JV Agrees On New LNG Plant
 Adds chief executive's comments on offtake talks) Of (Dow Jones)- Woodside Petroleum Ltd. (WPL.AU) has moved closer to fast-tracking the development of a large gas...
China January Auto Sales More Than Double To Record 1.66 Million
 Vehicle sales in China last month more than doubled from a year earlier to 1.66 million units, a semi-official industry group said Tuesday. Passenger vehicle sales more than...
Nissan Motor Oct-Dec Net Profit Y45.0 Billion Vs Y83.2 Billion Loss
 Nissan Motor Co. (7201.TO) said Tuesday that it returned to profitability in the quarter ended December, as cost-cuts and booming demand in China offset the yen's...
Peter Gartenberg Named MD, Alok Goyal Operating Chief Of SAP India
 SAP ) Tuesday said it has named Peter Gartenberg managing director and Alok Goyal chief operating officer of SAP India. SAP India will become part of the company's Europe, Middle East and Africa...
Nissan returns to Q3 profit, lifts forecast
 Nissan Motor Co, Japan's No.3 carmaker, said it returned to profit in the third quarter from a year earlier and lifted its outlook for the second time this financial year, buoyed by brisk sales...
Swatch full-year profit beats poll, upbeat on 2010
 Swatch Group, the world's largest watchmaker by sales, posted a forecast-beating full-year profit and confirmed its upbeat outlook for 2010, easing worries a flagging economic...
Microsoft E-Health Research Taps Xbox, Mobile Phones
 Microsoft is researching how gadgets like the company's Xbox game machine, surface computers and accelerometers in mobile phones could be used to improve health care.
Is Proprietary Trading Too Wild for Wall Street
 Back in 2006, Lawrence McDonald, a former Lehman Brothers bond trader, remembers, he asked an intern what he was doing during the winter break at the now bankrupt investment bank. The intern, who was...
American Express Middle East and North Africa signs British Airways, Air France and KLM to its Membership Rewards programme
 Leader in premium payment solutions, American Express Middle East and North Africa announced today the introduction of three new global airline partners, British Airways, Air France and KLM...
Euro Disney S.C.A. Reports Revenues for the First Quarter of...
 Driven by Lower Theme Parks Attendance and Hotel Occupancy - Increase in Average Spending per Room and Flat Average Spending per Guest Euro Disney S.C.A. (the "Company"), parent company of Euro...
Heidelberg Publishes Figures for First Nine Months of Financial...
 In the third quarter of financial year 2009/2010 (to December 31, 2009), incoming orders and sales at Heidelberger Druckmaschinen AG (Heidelberg) (FWB: HDD) were up on the previous...
Demag Cranes Gets Off to an Expected Slow Start in Financial...
 As expected, the adverse effects of the economic and financial crisis continued to affect Demag Cranes AG (GER:D9C) throughout the first quarter of financial year 2009/2010. Although the decline...
InfoVista Files Semi�Annual Report for the Period Ended December...
 InfoVista (Paris:IFV)(ISIN: FR0004031649), the leading provider of Service Performance Assurance solutions, today announced that it has filed its semi-annual report for the period ended December...
Recall dulls Toyota's image
 Akio Toyoda took over as CEO of Toyota only last summer There is a deep shine of pride and dedication in the black paintwork on the replica 1936 Toyota which sits boldly on its plinth at the...
Lloyds and RBS 'failing to lend'
 Royal Bank of Scotland and Lloyds Banking Group have been criticised by a committee of MPs for failing to lend enough to homeowners and businesses.The Committee of Public Accounts said the two...
Toyota to recall some 50,000 Prius cars in Europe over faulty brake software
 Toyota Motor Corp. says it is recalling some 50,000 Prius cars to change the software for the anti-lock brake system. The company said Tuesday it has received reports of problems with...
Rooney, wife may not be grilled about earnings in court
 London, Feb. 9 : Manchester United striker Wayne Rooney and his wife Colleen may not be questioned about his earnings in a case brought against him by a sports management firm.
Teck comes roaring back in 2009 with second highest earnings ever
 JavaScript Tag // Tag for network 658: United Stations // Website: Mineweb.com // Page: Mineweb - ROS Industrial Metals & Minerals // Placement: Industrial Metals & Minerals 160x35 (2043084) //...

 

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