Texas Instruments Posts Quarterly Profit
Chip maker Texas Instruments Inc. on Monday reported a 28 percent increase in first-quarter profits but its outlook for the second quarter fell short of Wall Street expectations and said it has experienced some slowing in sales of its chips for cell phones.
Ernst & Young Merges 87 Intl Units
Ernst & Young, one of the world's largest professional services firms, said it will merge its European partnerships and practices in 42 countries to form a single entity.
Mattel and Hasbro to Hike up Toy Prices
The world's biggest toy makers posted contrasting quarterly results on Monday, with Hasbro Inc. reporting strong profit, while rising costs and legal expenses left Mattel Inc's with a first quarter loss.
China's stock rose slightly on impracticable stimulate policy
China's stock market closed slightly higher on Monday as the China market watchdog issued new policy for share trading.
Treasuries fall as expectations for rate cuts drops
Treasuries fell on Monday on concerns that investors will move away from buying government debt as expectations for additional interest rate cuts by the Federal Reserve diminish.
Corn, Soybean Decline as Dry and Warm Weather Boost U.S. Planting
Corn and soybeans declined on concern that drier weather will drain fields in the U.S. Midwest, enabling farmers increase planting of crops.
Dollar Falls on Bank Profit Plunge, Hawkish ECB Official
The dollar fell against the euro on Monday after Bank of America reported a bigger than expected plunge in profit and a European Central Banker dashed hopes for a euro interest rate cut soon.
Bank of England Unveils Bank Debt Swap, Abbey Acts
The Bank of England announced an unprecedented $100 billion ( £50 billion) plan to allow banks to swap mortgage-backed securities for British Treasury bills in a bid to bail out Britain's ailing banking system.
PRECIOUS METALS: Gold gains on weak dollar, other metals drop
Gold futures closed with a subtle gain on Monday, as a drop in the dollar revived demand for the precious metal as a hedge against losses in the U.S. currency.
First Korean Astronaut, Crew Safe after landing 260 miles Off-target
The first South Korean astronaut and other two space crew members are safe after a tough return to the earth and very rough landing.
Satyam's Q4 net profit up 18.6 percent, below market forecast
India's fourth largest IT services provider Satyam Computer Services on Monday reported a 18.6 percent surge in net profit for the quarter ended March 31, 2008, but failed to beat market forecast.
AT&T and Cisco Partner to Offer Better Video Conferencing Services
AT&T and network equipment maker Cisco Systems Inc will start selling a high-tech video conferencing system together later this year aiming at boosting their sales to multinational corporate clients.
National City Raising $7 Billion After Housing Losses
National City Corp. said it will raise $7 billion in capital on Monday, following the lead of other major lenders, after reporting a first quarter miss due primarily to provisions for future losses in the falling housing market.
Crude Oil Slides after Record $117 per Barrel
Crude oil prices slid after hitting their highest record ever on Monday at $117.40 a barrel in New York, on worries that demand will continue to increase and OPEC's comments saying there is no shortage of oil in the market.
Gannett Falls 9 Pct in Q1 on Ad Slump
Gannett Co Inc., the largest U.S. newspaper publisher said Monday that its quarterly profit fell 9 percent on weaker advertising sales.
Microsoft and Novell target Chinese Market
Microsoft and Novell revealed their plans capture the Chinese market by taking their patent-protected and open-source programs business to the region.
BSE Sensex continues bullish run, gains 258 Pts
The Bombay Stock Exchange (BSE) Sensex remained bullish on Monday, gaining 1.57 percent or 258 points, riding on strong market sentiments as investors looked forward to a robust earning season.
Why Gold is a religion for many people
By Jon NadlerA mild recovery in prices on the back of $117+ oil and a once again declining dollar overnight helped bring gold back to the $920 area after last Friday's rout.
Bank of America Profit Falls 77 Pct
Bank of America Corp., the second largest U.S. bank, reported a steep 77 percent drop in profits on Monday, missing Wall Street expectations and sending shares plummeting.
U.S. Stocks Lower on Earnings Concern
U.S. stocks declined for the first time in five days on Monday after Bank of America Corp. and National City Corp. reported earnings that fell short of expectations and added to concern that banks are being hard hit by the subprime mortgage crisis.
Dollar improves despite bearish economic data
Dollar rose against the Euro on Friday after Citigroup's results sparked hope that the worst of the credit crisis has passed.
Short covering helps Sterling close higher
Sterling recovered against the dollar on short covering and due to speculation that the plan to ease mortgage market conditions would limit the scope of UK rate cuts.
Oil prices will remain at top: Venezulan Oil Minister
ROME: Oil prices, which topped a record $117 per barrel last week, are unlikely to fall back below $90, the Venezulan oil minister Rafael Ramirez said on the sidelines of the International Energy Forum here on Monday, reports Economic Times .
Indian Gold futures up on back of global reports
MUMBAI: India's gold futures were higher on Monday as overseas markets rebounded after a sharp sell off on Friday, but analysts had mixed views about the trend for the day, reports Reuters .
Impact Silver Looks to Build on Success
By Andrew K BurgerMore than 700 known prospects have been identified on the Zacualpan and recently acquired Mamatla properties and more than 15,000 metres of surface and underground drilling is planned
Ford Fiesta Unveiled in China
Ford Motor Co. unveiled the new Ford Fiesta at the Auto China 2008 event at the New China International Exhibition Centre in Beijing on Saturday.As part of its plan to roll out models globally in a...
Blackstone to Defend Against Alliance Data's $170 Mln Suit
Blackstone Group LP replied on Saturday to a lawsuit filed against the firm by Alliance Data Systems Corp. for $170 million saying it will defend itself vigorously and does not intent to settle.The...
Northwest-Delta Deal Breakup Fee is $165 Mln; CEO Gets Retention Package
Northwest Airlines Corp. and Delta Airlines Inc., already in an agreement to merger since Monday, would need to pay the other $165 million to stop the process under certain conditions, according to a...
RBS May Raise Up to 10 Billion Pounds in Capital: Report
Royal Bank of Scotland Group Plc, the second largest U.K. lender, may sell up to up to 10 billion pounds ($20 Billion) of stock to current shareholders to rebuild its capital reserves, the Financial ...
IHG to set up more than 200 hotels in China before 2010
InterContinental Hotels Group(IHG) plans to set up more than 200 hotels in China by 2010, as Chinese people become more richer said Peter Gowers, CEO of IHG's Asia Pacific region.The group w...
