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Monthly Archives: January 2010

Overnight Market News – January 28, 2010

28-Jan-10

US Federal Reserve Declares the Nation is in Recovery, Sets Foundation for the Removal of Aggressive Stimulus Measures US President Obama Vows to Spur Job Growth and the Economy During State of the Union Address Toyota Motor Corp Extends Massive Recall to Europe After Recalling 1.09mm Cars in the US Due to Faulty Gas Pedals [...]

Overnight Market News – January 27, 2010

27-Jan-10

Toyota Motor Corp Will Suspend US Sales of Eight Models Which Were Recently Recalled Due to Faulty Gas Pedals Yahoo! Inc Swings to Profit in its Fourth Quarter Reporting Earnings of USD 153mm or USD 0.11 per Share Versus a Loss of USD 303mm a Year Ago Japan Exports Rise for the First Time Since [...]

Overnight Market News – January 26, 2010

26-Jan-10

UK Exits Recession with Fourth-Quarter Economic Growth of 0.1% Year-Over-Year, But Falls Short of Analysts’ Forecast for 0.4% Expansion Apple Inc Posts Fiscal First-Quarter Profit of USD 3.67 per Share, Crushing Analysts’ Estimates of USD 3.50 per Share on Record Sales of iPhones and Mac Computers US President Obama to Propose Three-Year Freeze on a [...]

Overnight Market News – January 25, 2010

25-Jan-10

Ericsson AB, the World’s Biggest Wireless Network Maker, Sees Fourth Quarter Profit Fall 92% to USD 43.4mm The Hershey Co, Ferrero SpA Will Not Make Rival Offers for Cadbury PLC Following Kraft Foods, Inc’s USD 18.9B Bid Philips Electronics NV Swings to Fourth Quarter Profit of EUR 251mm Versus EUR 1.17B Loss Year-Over-Year Goldman Sachs [...]

Overnight Market News – January 22, 2010

22-Jan-10

Google Inc Tops Fourth Quarter Earnings Forecast Reporting Profit of USD 6.79 per Share (Excluding Items) Above the Year Earlier Period’s USD 5.10 and the Average Analyst Estimate of USD 6.48 Russian Aluminum Giant UC Rusal Ltd Raises USD 2.24B from its Initial Public Offering (IPO) on the Hong King Stock Exchange UK Retail Sales [...]

Overnight Market News – January 21, 2010

21-Jan-10

China’s Economy Expands 10.7% in Fourth Quarter from a Year Earlier, Fastest Pace Since 2007 US President Obama Expected to Make Proposal Today to Introduce New Limits on the Size and Risk Appetite of the Country’s Biggest Banks Oracle Corp Receives Unconditional European Union Approval to Acquire Sun Microsystems Inc in USD 7.4B Deal eBay [...]

Overnight Market News – January 20, 2010

20-Jan-10

International Business Machines Corp (IBM) Fourth Quarter Profit Rises 8.7% to USD 4.81B or USD 3.59 per Share up from USD 4.43B or USD 3.27 per Share Head of the International Monetary Fund (IMF) Dominique Strauss-Kahn Says that he Expects Global Growth in 2010 to Exceed the Previous Forecast of 3% as the Global Economy [...]

Overnight Market News – January 18, 2010

18-Jan-10

Google Inc Investigates whether Employee(s) Might Have Assisted December Cyber-Attack in China Kraft Foods Inc to Revise Cadbury PLC (CBRY) Bid by Tomorrow, Investors Push CBRY Shares Up on London Stock Exchange in Anticipation of Sweetened Offer International Monetary Fund (IMF) Head Warns Governments Not to Exit Stimulus Packages Too Quickly as Recovery “Remains Very [...]

Overnight Market News – January 15, 2010

15-Jan-10

Chip-Maker Intel Corp Tops Wall Street’s Estimate of USD 0.30 per Share Reporting Fourth Quarter Earnings of USD 2.28B or USD 0.40 per Share up from USD 0.04 per Share a Year Earlier Japanese Cosmetics Company Shiseido Co Ltd Agrees to Buy US-Based Bare Escentuals Inc for USD 1.7B in a Bid to Further Expand [...]

Overnight Market News – January 14, 2010

14-Jan-10

China Urges Internet Companies to Obey Controls, But Gives No Indication that it Will Compromise on Web Censorship Following Cyber Attack Against Google Inc Hewlett-Packard Co and Microsoft Corp Plan to Invest USD 250mm in New Partnership Geared Toward Simplifying Their Software and Hardware Products Delhaize Group SA, Owner of the Food Lion Supermarket Chain, [...]