Feb 28, 2010 8:50 AM ET
The casual dining restaurant chain reported quarterly revenue increased 3.8% to $167.8 million but full service comparable restaurant sales fell 5.8%. Net quarterly loss widened 86% to $9.9 million. The company lost 41 cents a share compared to a loss of 22 cents a share a year-ago quarter.
Feb 26, 2010 5:07 PM ET
President Obama''s bipartisan summit on healthcare reform appears to be heading for a stalement. AIG led the decline in S&P index after fourth quarter loss narrowed to $8.9 billion. The Nasdaq Composite added 4.2%, the S&P 500 index increased 2.9% and the Dow advanced 2.6% in February.
Feb 26, 2010 4:13 PM ET
Serco Group 2009 net surged 31% and indicated larger order book. Rightmove Plc 2009 profit before tax falls and maintains dividend. Rolls-Royce announced £154 million offer for ODIM ASA. Lloyds Banking Group declined smaller loss but bad loans increase.
Feb 26, 2010 3:36 PM ET
European markets rallied on the expectations that Germany is closer to providing details of financial assistance to Greece. Bayer AG net for the year dropped 21%. Parmalat SpA 2009 net declined 23% on sales decline of 1.5%. Telefonica SA fourth quarter net surged 22% on Latin American businesses.
Feb 26, 2010 5:09 PM ET
American International Group, Inc led the decliners in the S&P 500 index with a loss of 7.8%. Fluor Corp reports lower profit and cuts outlook. The Gap, Inc fourth quarter net ahead of expectations.
Feb 26, 2010 11:23 AM ET
The fiscal 2011 budget plan to raise $8 billion in stake sale in the government controlled companies and $7 billion through the sale of wireless licenses. Individual income of less than $3,000 will be tax exempt. Infrastructure companies increased after the government increased spending.
Feb 26, 2010 10:34 AM ET
U.S. existing home sales in January declined 7.2%, second monthly decline in a row. The second estimate of the U.S. GDP showed an expansion of 5.9%. Stocks declined after weaker than expected home sales. The Gap Inc increased 5.5% after quarterly net surged 45%.
Feb 26, 2010 10:06 AM ET
Japanís industrial production increase 2.5% in January. Consumer prices declined in Japan for the eleventh month in a row as higher unemployment and declining wages curb consumer spending.
Feb 26, 2010 8:46 AM ET
Positive earnings drove the market sentiment. Higher commodities prices also contributed the gains in the benchmark index. ANZ profit surged 16% to A$1.6 billion in January. Woolworths first half profit increased 11.4% to A$1.1 billion.
Feb 25, 2010 7:22 PM ET
CLP Holdings Ltd recommends final dividend. NetEase.com, Inc 2009 fourth quarter profit beats analyst estimates. China Eastern denies it may sell stake in Middle East. China Coal Energy said raw coal output surged 43.9% in January.