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Monthly Archives: February 2010

Overnight Market News – February 26, 2010

26-Feb-10

Lloyds Banking Group Plc Posts an Operating Loss of GBP 6.3B for its Fiscal Year 2009, Slightly Down from a Loss of GBP 6.7B a Year Ago as Impairment Charges Grew by 60% UK’s Gross Domestic Product (GDP) Growth is Upwardly Revised for the Final Three Months in 2009 Unexpectedly Rising to 0.3%, up from [...]

Overnight Market News – February 25, 2010

25-Feb-10

Coca-Cola Co Nears Deal to Purchase the North American Operations of its Largest Bottler, Coca-Cola Enterprises Inc for as Much as USD 15B General Motors Co to Shut Down Hummer Brand After Proposed Sale to Sichuan Tengzhong Heavy Industrial Machines Falls Through Lehman Brothers Holdings Inc Reaches Agreement to Settle USD 7.6B Claim Filed by [...]

Overnight Market News – February 23, 2010

23-Feb-10

Microsoft Corp Signs Cross-License Patent Agreement with Amazon.com Inc, Allowing the Two to Share Technology in Several Areas Including Amazon’s Kindle Reader Germany’s Commerzbank AG Narrows Fourth-Quarter Net Loss to EUR 1.86B (USD 2.53B) from EUR 5.45B a Year Ago Continental AG, Europe’s Second-Biggest Auto Parts Maker, Widens 2009 Net Loss to EUR 1.65B from [...]

Overnight Market News – February 22, 2010

22-Feb-10

Oil-Service Company, Schlumberger Ltd to Acquire Smith International in All-Stock Deal Worth USD 11B Reliance Industries Ltd Raises Bid for Bankrupt LyondellBasell Industries AF by USD 1B to USD 14.5B Japan’s Second-Biggest Insurer, Dai-ichi Mutual Life Insurance Co Plans JPY 1.1T (USD 12B) Initial Public Offering Taiwan Exits Year-Long Recession in the Fourth Quarter of [...]

Overnight Market News – February 19, 2010

19-Feb-10

US Federal Reserve Raises the Discount Rate by 25 Basis Points to 0.75% as it Attempts to Move its Emergency Program for Banks Closer to Normal Anglo American Plc Beats Profit Estimates After Reporting Underlying Earnings of USD 2.14 per Share, the Company Expects to Resume Dividend Payments in 2010 UK Retail Sales Slips 1.8% [...]

Overnight Market News – February 18, 2010

18-Feb-10

UK Reports First-Ever January Budget Deficit of GBP 4.3B (USD 6.7B) on Sharp Decline in Tax Revenues German Automaker, Daimler AG Posts Fourth-Quarter Loss of EUR 352mm (USD 478mm), Missing Analysts’ Forecasts for a EUR 254.6mm Profit Hewlett-Packard Co First Quarter Net Profit Rises 25% to USD 2.3B on Higher Holiday Sales Toyota Motor Corp [...]

Overnight Market News – February 15, 2010

15-Feb-10

Japan’s Gross Domestic Product (GDP) Grows by Better-Than-Expected 1.1% in Fourth Quarter of 2009 Fertilizer Producer, Yara International ASA Agrees to Purchase Terra Industries Inc for USD 4.1B to Benefit from Lower Energy Cost Dubai’s Stock Market Plunged 3.5% after Reports Suggested Dubai World May Repay Only 60% of Debt to Creditors Over Seven Years [...]

Overnight Market News – February 12, 2010

12-Feb-10

The International Monetary Fund (IMF) Joins the European Union in Pledging Support for Debt-Burdened Greece China’s Central Bank Raises its Banks’ Reserve Requirement by 50 Basis Points for the Second Time this Year in Efforts to Cool Growth Germany’s Economic Recovery Falters in the Fourth Quarter of 2009 with Gross Domestic Product (GDP) Unchanged Quarter-Over-Quarter [...]

Overnight Market News – February 11, 2010

11-Feb-10

Mining Giant, Rio Tinto Plc Full-Year Profit Climbs 33% to USD 4.87B on Significantly Reduced Impairment Charges Related to its Aluminum Business Google Inc to Build and Test Ultra Fast Broadband Network that Could be up to 100 Times the Speed of the Internet’s Current Infrastructure China’s Consumer Price Index Rises 1.5% in January from [...]

Overnight Market News – February 10, 2010

10-Feb-10

Honda Motor Co to Recall an Additional 440k Cars Around the World Due to Faulty Airbags, Bringing the Total Number of Recalls to Approximately 950k The Bank of England Cuts its Gross Domestic Product (GDP) Forecast to 3.2% for the Second Quarter of 2011 Compared With its Previous Estimate of 4% The Walt Disney Co [...]