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Business

How the Major Stock Indexes Fared on Monday

ABC News - ‎2 hours ago‎
By AP AP The Dow Jones industrial average closed below 10000 for the first time in three months Monday on nagging concerns about debt loads in Europe.

Toyota sued in California over Prius brakes

Reuters - Steve Gorman, Dan Whitcomb - ‎1 hour ago‎
A Toyota Prius vehicle is pictured parked at a dealership in Crissier near Lausanne February 7, 2010. LOS ANGELES (Reuters) - Toyota Motor Corp faced its first US class-action lawsuit stemming from complaints of faulty braking of its top-selling Prius ...

A Crisis of Sovereignty As Well As Debt

Wall Street Journal - Patience Wheatcroft - ‎27 minutes ago‎
The veracity of that statement might seem indisputable, as various EU countries, led by Greece, struggle to avoid being crushed by their accumulated debts.

Boeing's new 747 takes flight near Seattle

Reuters - Kyle Peterson, Bill Rigby - ‎39 minutes ago‎
CHICAGO, Feb 8 (Reuters) - Boeing Co (BA.N) flew its twice-delayed 747-8 Freighter for the first time on Monday, a significant milestone in the history of the legendary 747 family and a step that could bolster the credibility of the world's ...

Electronic Arts Shrinks Loss, but Shares Fall on Forecast

New York Times - ‎1 hour ago‎
By AP Electronic Arts narrowed its net loss in the last quarter, but video game sales declined, and a disappointing outlook for the company sent its shares down sharply Monday.

Hartford Reports $557 Million Profit on Investments

BusinessWeek - Andrew Frye - ‎1 hour ago‎
(Adds analyst's comment in the fourth paragraph, life insurance results in the fifth, book value in the 11th.) By Andrew Frye Feb. 8 (Bloomberg) -- Hartford Financial Services Group Inc., the bailed-out insurer that replaced its chief executive officer ...

JAL Stays In AMR Alliance, Delta Out

Wall Street Journal - Mariko Sanchanta, Mike Esterl - ‎58 minutes ago‎
Japan Airlines Corp. is planning to announce Tuesday afternoon in Tokyo that it will maintain its alliance with AMR Corp.'s American Airlines, according to a person familiar with the matter, dealing a blow to rival ...

Rakoff Has Questions on BofA-SEC Pact

Wall Street Journal - Chad Bray - ‎2 hours ago‎
The judge who threw out a settlement between Bank of America Corp. and the Securities and Exchange Commission raised questions Monday about their new deal to end two federal lawsuits alleging the bank misled investors about its takeover of ...

Ex-Intel exec admits conspiring with Rajaratnam

Reuters - Grant McCool, Ian Sherr - ‎4 hours ago‎
NEW YORK, Feb 8 (Reuters) - A former Intel Capital director pleaded guilty on Monday to fraud in the Galleon insider trading case, telling a New York court that hedge fund founder Raj Rajaratnam gave him money for personal needs and ...

Nuance Q1 beats Wall Street

Reuters - Mansi Dutta, Gopakumar Warrier - ‎1 hour ago‎
BANGALORE, Feb 8 (Reuters) - Speech recognition technology supplier Nuance Communications Inc (NUAN.O) posted better-than-expected quarterly results, helped by revenue growth across all its segments.

SAP Upheaval Pits Plattner Against Ellison in Market-Share Spat

Bloomberg - Ragnhild Kjetland - ‎1 hour ago‎
Feb. 9 (Bloomberg) -- SAP AG Co-Founder Hasso Plattner may have a bigger challenge as he picks up his rivalry with Oracle Corp. -- again.

Evergreen Solar's quarterly loss widens

Reuters - Laura Isensee, Marguerita Choy - ‎34 minutes ago‎
LOS ANGELES, Feb 8 (Reuters) - US solar company Evergreen Solar Inc (ESLR.O) reported on Monday a 69-percent leap in quarterly revenue and sharply improved its profit margins, sending its shares up 5 percent.

Nuclear giant Areva buys solar company Ausra

Reuters - Laura Isensee, Braden Reddall - ‎7 hours ago‎
LOS ANGELES (Reuters) - The world's largest nuclear plant builder, Areva SA, is diversifying into solar power with the aim of becoming an industry leader, as it acquires US-based solar thermal player Ausra, the company said on Monday.
Areva To Buy US Solar Co. Ausra Wall Street Journal

UPS to Furlough 300 Pilots

FOXBusiness - Kathryn Glass - ‎34 minutes ago‎
United Parcel Service Inc. (UPS) said Monday, it plans to furlough a minimum of 300 of its pilots in an effort to try and cut costs.

Fiat to Invest in Mexican Factory

Wall Street Journal - ‎2 hours ago‎
MEXICO CITY—Fiat SpA is investing $550 million in the Toluca, Mexico, plant of its partner Chrysler Group LLC to produce a retro-version of an Italian icon—the Fiat 500—with 95% slated for export, the government and company officials said.

Atmel 4Q Beats Expectations

FOXBusiness - Kathryn Glass - ‎34 minutes ago‎
Atmel Corp. (ATML) reported fourth-quarter loss, but the loss was better than expected, leading shares to rise in after-hours trading.

Oil up 1 pct on geopolitics, dollar and cold

Reuters - Edward McAllister, Robert Gibbons - ‎4 hours ago‎
NEW YORK, Feb 8 (Reuters) - Oil rose nearly one percent on Monday, after three sessions of losses, as a weaker US dollar, cold weather and geopolitical disputes provided support.

Qiagen 4Q Profit Surges on Test Sales, Buyouts

ABC News - ‎2 hours ago‎
AP Diagnostic products maker Qiagen NV said Monday its fourth-quarter profit nearly doubled on a surge in molecular test sales at businesses it acquired.

Retail rally sputters out; CVS jumps on profit report

MarketWatch - William Spain - ‎2 hours ago‎
CHICAGO (MarketWatch) -- After a modest upswing, retail stocks finished Monday mostly lower as the sector's main indicator ended the day in negative territory.

Charles River Q4 profit tops Street view

Reuters - Esha Dey, Gopakumar Warrier - ‎1 hour ago‎
BANGALORE, Feb 8 (Reuters) - Clinical research company Charles River Laboratories International Inc (CRL.N) posted a higher-than-expected quarterly profit, helped by its cost control measures and an 11 percent rise in its research models ...

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