International Business News - from 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 Goldman Sachs downgraded Medco Health Solutions to "neutral" from "buy" on valuation and said anticipation over a potential captive pharmacy benefit manager (PBM) acquisition has been adding support to the company's shares. http://www.ibtimes.com/articles/20090917/goldman-downgrades-medco-health-neutral-from-buy.htm Thu, 17 Sep 2009 09:42:34 EDT Citigroup on Thursday said it has appointed Rodney Tsang as co-head of China investment banking, joining the bank after more than two years at Bank of America Merrill Lynch as head of China private sector coverage. http://www.ibtimes.com/articles/20090917/citi-hires-co-head-china-banking-from-bofa.htm Thu, 17 Sep 2009 08:12:23 EDT BASF SE said on Tuesday it has received approval from the Environmental Protection Agency for a new herbicide that it will market as a complement to a popular Monsanto Co herbicide. http://www.ibtimes.com/articles/20090915/basf-gets-ok-herbicide-from-us-epa.htm Tue, 15 Sep 2009 08:35:11 EDT Industrial distributor W.W. Grainger Inc said it would record a one-time gain in the third quarter, following the completion of its tender offer bid for Japan's MonotaRO Co Ltd. http://www.ibtimes.com/articles/20090914/updategrainger-sees-q3-gain-from-monotaro-deal.htm Mon, 14 Sep 2009 13:19:07 EDT Thomson Reuters Corp said its tax and accounting business agreed to buy the Abacus Enterprise range of software and related business operations from Deloitte LLP. http://www.ibtimes.com/articles/20090914/thomson-reuters-buy-abacus-enterprise-from-deloitte.htm Mon, 14 Sep 2009 08:25:06 EDT Valero Energy Corporation said on Friday that a leak in the kerosene product cooler of its hydrotreating unit at its 325,000-barrel-per-day Port Arthur, Texas refinery did not have any impact on production. http://www.ibtimes.com/data/articleimgs/220202-.jpg http://www.ibtimes.com/articles/20090911/valero-says-no-impact-from-port-arthur-refinery-leak.htm http://www.ibtimes.com/articles/20090911/valero-says-no-impact-from-port-arthur-refinery-leak.htm Fri, 11 Sep 2009 11:04:27 EDT Chevron Corp has started pumping crude oil from the Tombua-Landana project offshore Angola, with plans to raise output to 100,000 barrels per day by 2011, the company said on Wednesday. http://www.ibtimes.com/articles/20090909/chevron-pumps-first-oil-from8-bln-angola-area.htm Wed, 09 Sep 2009 15:35:10 EDT Britain's Cadbury has few options but to look for a higher bid and more cash after Kraft's 10.2 billion pound ($16.7 billion) offer for the world's No 2 confectionery group, analysts said on Tuesday. http://www.ibtimes.com/data/articleimgs/219895-cadburys-chocolate-bars-are-seen-inshop-in.jpg http://www.ibtimes.com/articles/20090908/cadburys-best-bet-is-more-cash-from-kraft-analysts.htm http://www.ibtimes.com/articles/20090908/cadburys-best-bet-is-more-cash-from-kraft-analysts.htm Tue, 08 Sep 2009 08:24:01 EDT NICE Systems, the global provider of advanced solutions that enable organizations to extract insight from interactions to drive performance, today announced that it has received follow on orders from Cherokee Nation Entertainment (CNE) for its NiceVision video surveillance solution. http://www.ibtimes.com/articles/20090908/nice-systems-gets-orders-from-cherokee-nation.htm Tue, 08 Sep 2009 08:05:42 EDT U.S. credit card defaults declined in July after five straight months of record highs, suggesting the ability of cardholders to pay bills could be stabilizing, Fitch Ratings said on Monday. http://www.ibtimes.com/data/articleimgs/219468-.jpg http://www.ibtimes.com/articles/20090831/credit-card-defaults-fall-july-from-june-fitch.htm http://www.ibtimes.com/articles/20090831/credit-card-defaults-fall-july-from-june-fitch.htm Mon, 31 Aug 2009 11:13:54 EDT NEW YORK - U.S. copper futures extended a pull-back from last week's 11-month highs Monday morning, as a sharp plunge in Chinese and U.S. equity markets curbed economic recovery hopes, and a firmer dollar combined to drag prices down to one-week lows. http://www.ibtimes.com/data/articleimgs/219463-.jpg http://www.ibtimes.com/articles/20090831/econ-worries-drag-us-copper-down-from-11-mth-highs.htm http://www.ibtimes.com/articles/20090831/econ-worries-drag-us-copper-down-from-11-mth-highs.htm Mon, 31 Aug 2009 10:49:38 EDT WASHINGTON - Japanese and South Korean automakers registered the biggest market share gains in the U.S. government's "cash for clunkers" program that ended this week with bankruptcy related inventory shortages hurting General Motors Co [GM.UL] and Chrysler. http://www.ibtimes.com/data/articleimgs/219202-.jpg http://www.ibtimes.com/articles/20090826/japanese-koreans-gain-most-from-cash-clunkers.htm http://www.ibtimes.com/articles/20090826/japanese-koreans-gain-most-from-cash-clunkers.htm Wed, 26 Aug 2009 17:46:21 EDT IBM (IBM.N) and India's top three outsourcing firms have each won five-year IT services contract from oil and gas major BP Plc (BP.L), the firms said on Wednesday, amid hopes of a revival in technology spending. Neither IBM nor the Indian firms, Tata Consultancy Services (TCS.BO), Infosys Technologies (INFY.BO) (INFY.O) and Wipro (WIPR.BO) (WIT.N), disclosed financial details of the contract. http://www.ibtimes.com/articles/20090826/updateibm-indian-outsourcers-win-services-deal-from-bp.htm Wed, 26 Aug 2009 10:55:19 EDT A Vietnamese security researcher said they discovered the IP address of the master server which was used in attacking the United States and Korean government agency. http://www.ibtimes.com/data/articleimgs/216744-us-korean-ddos-attacks-originated-from-united-kingdom.jpg http://www.ibtimes.com/articles/20090714/us-korean-ddos-attacks-originated-from-united-kingdom.htm http://www.ibtimes.com/articles/20090714/us-korean-ddos-attacks-originated-from-united-kingdom.htm Tue, 14 Jul 2009 19:56:56 EDT