International Business News - Standard http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Standard Chartered PLC, Britain's third largest bank, said Monday it plans to raise 1.8 billion pounds ($2.7 billion) in a rights offer to shore up its balance sheet amid the economic downturn. http://www.ibtimes.com/articles/20081124/britains-standard-chartered-to-make-rights-offer.htm Mon, 24 Nov 2008 12:13:45 EST Standard Register Co., which provides document management services, said Thursday it will lay off 5 percent of its work force as part of a plan to save $33 million in annual costs. http://www.ibtimes.com/articles/20081030/standard-register-to-lay-off-5-percent-of-staff.htm Thu, 30 Oct 2008 16:50:37 EDT British insurer Standard Life PLC said Thursday its sales fell nearly 10 percent at constant exchange rates during the third quarter on declining demand from its home and European markets. http://www.ibtimes.com/articles/20081030/uk-insurer-standard-life-says-3q-sales-fall.htm Thu, 30 Oct 2008 10:30:14 EDT Standard Motor Products Inc., which makes vehicle-replacement parts, said Thursday its board approved a quarterly dividend of 9 cents per share. The dividend is payable Dec. 1 to shareholders of record Nov. 14. http://www.ibtimes.com/articles/20081030/standard-motor-approves-quarterly-dividend.htm Thu, 30 Oct 2008 10:17:44 EDT Standard Motor Products Inc., which makes vehicle-replacement parts, said Thursday it swung to a third-quarter loss, citing a sharply higher tax rate and a slight drop in sales. http://www.ibtimes.com/articles/20081030/standard-motor-swings-to-3q-loss-on-tax-rate.htm Thu, 30 Oct 2008 10:13:26 EDT Homebuilder Standard Pacific Corp. on Thursday said its third-quarter net loss tripled after booking a $368.4 million pretax charge to write down the value of homes and land amid a housing slump that appears to be worsening. http://www.ibtimes.com/articles/20081030/homebuilder-standard-pacific-corp-3q-loss-triples.htm Thu, 30 Oct 2008 08:29:37 EDT Standard & Poor's Ratings Services on Thursday cut its ratings for Lear Corp. to "B" from "B+," saying that the auto supplier's sales and cash flow will be weaker than expected next year as a result of the continued slump in vehicle production. http://www.ibtimes.com/articles/20081016/s-p-cuts-lear-credit-ratings.htm Thu, 16 Oct 2008 15:18:45 EDT Credit ratings agency Standard & Poor's on Tuesday said it placed Sovereign Bancorp Inc.'s long-term counterparty rating on a positive rating watch. Sovereign currently carries an investment-grade "BBB" rating from S&P. http://www.ibtimes.com/articles/20081014/s-p-places-sovereign-bancorp-on-watch-for-upgrade.htm Tue, 14 Oct 2008 14:30:09 EDT Standard & Poor's said Monday it will remove Longs Drug Stores Corp. from the S&P SmallCap 600 in October because it is being acquired by CVS Caremark Corp. http://www.ibtimes.com/articles/20081013/s-p-to-remove-longs-drug-from-smallcap-600.htm Mon, 13 Oct 2008 19:14:18 EDT GMAC Financial Services said Monday that it tightened its criteria for consumer automotive financing, citing the continued upheaval in the lending industry. http://www.ibtimes.com/articles/20081013/gmac-boosts-credit-standards-for-auto-loans.htm Mon, 13 Oct 2008 16:46:34 EDT Chip maker Standard Microsystems Corp. said Wednesday it has seen a "significant decline" in third-quarter demand for notebook and desktop PCs, especially from corporate customers, and gave a forecast below Wall Street's expectations as a results. http://www.ibtimes.com/articles/20081001/standard-microsystems-3q-guidance-disappoints.htm Wed, 01 Oct 2008 18:21:47 EDT Semiconductor maker Standard Microsystems Corp. said Wednesday its fiscal second-quarter profit declined, and shares fell after-hours after its outlook fell short of expectations. http://www.ibtimes.com/articles/20081001/standard-microsystems-2q-profit-declines.htm Wed, 01 Oct 2008 18:21:31 EDT Homebuilder Standard Pacific Corp. said Tuesday its net new home orders from continuing operations in July and August fell 30 percent from the year-ago period, hurt by the prolonged housing slump. http://www.ibtimes.com/articles/20080916/housing-slump-hurts-standard-pacific-orders.htm Tue, 16 Sep 2008 09:38:37 EDT Railroad equipment supplier Wabtec Corp. said on Monday it would buy Standard Car Truck, a maker of undercarriage parts for locomotives and freight cars, for $300 million in cash. http://www.ibtimes.com/articles/20080915/wabtec-buying-standard-car-truck-for-300-million.htm Mon, 15 Sep 2008 09:53:07 EDT Standard Register Co., which provides document services, on Friday said Chief Executive Dennis L. Rediker is retiring after eight years in the top management post. http://www.ibtimes.com/articles/20080912/standard-register-ceo-rediker-retires.htm Fri, 12 Sep 2008 14:57:37 EDT The financial crisis is far from over but will take only a moderate toll on fast-growing emerging economies in Asia and elsewhere as they continue to boom in the years ahead, the chief executive of British bank Standard Chartered said Friday. http://www.ibtimes.com/articles/20080912/financial-crisis-far-from-over-uk-bank-ceo-says.htm Fri, 12 Sep 2008 04:30:57 EDT Shares of Silver Standard Resources Inc. fell Friday after the mining company said its second-quarter loss widened as it prepared several highly promising properties across Latin America and the Canadian province of British Columbia. http://www.ibtimes.com/articles/20080808/silver-standard-resources-shares-fall-on-2q-report.htm Fri, 08 Aug 2008 11:13:03 EDT British insurer Standard Life PLC reported a 54 percent rise in first-half net operating profit Wednesday, boosted by one-off gains from a deal to reinsure annuity liabilities and cut the financial risk posed by Britons living longer. http://www.ibtimes.com/articles/20080806/uk-insurer-standard-life-1h-profit-up-54-percent.htm Wed, 06 Aug 2008 12:02:14 EDT British insurer Standard Life PLC reported a 54 percent rise in first-half net operating profit Wednesday, boosted by one-off gains from a deal to reinsure annuity liabilities and cut the financial risk posed by Britons living longer. http://www.ibtimes.com/articles/20080806/uk-insurer-standard-life-1h-profit-up-54-percent.htm Wed, 06 Aug 2008 04:47:06 EDT Standard Chartered PLC reported a 32 percent rise in half-year profit on Tuesday, making it the only British bank so far to post an increase in earnings over the period. http://www.ibtimes.com/articles/20080805/uk-bank-standard-chartered-1h-profits-up-32-pct.htm Tue, 05 Aug 2008 10:12:00 EDT