Feb 26, 2009 5:07 PM ET
Inflation in India dropped. The weekly measure of annualize inflation index declined to 3.36% at the end of second week in February, lifting market averages. The commerce minister Nath announced additional measures to boost traditional goods and estimated exports of $175 billion in the current year.
Feb 26, 2009 9:00 AM ET
Global markets continue to trade downward as economic slump widen around the world and U.S. lawmakers waver. Japan automakers slash production. General Motors report second worst annual loss. UBS replaces its chief in less than two years and looks for ways to slash operating costs.
Feb 26, 2009 8:06 AM ET
The software services provider quarterly revenues rose 26% to $753 million. Net income increased 17% to $112.3 million in the quarter. Earnings per share rose to 38 cents from 32 cents a year-ago quarter. The company estimates revenues to be at least $735 million in the first quarter of 2009.
Feb 26, 2009 9:03 AM ET
China unveils stimulus package for nonferrous metals and logistics sector. Trade between Japan and China is expected to decline in 2009 for the first time in eleven years as global market conditions weaken.
Feb 26, 2009 5:04 PM ET
Three largest automakers in Japan slash production as domestic market remains weak and exports to the U.S. plunge. Toshiba Corp is in a deal to build two nuclear power plants in south Texas. Rising oil prices dragged commodities linked stocks lower.
Feb 26, 2009 3:42 AM ET
Australian stock indexes rose fractionally after capital expenditure advanced more-than-forecasted in the three months to December. Energy stocks also increased as crude oil prices increased to $42 a barrel. Lend Lease operating profit in the six months ended December dropped 27%.
Feb 26, 2009 3:25 AM ET
Intuit second quarter revenue dropped by 5% to $791.0 million and operating income dropped 36.6% to $110 million. Earnings per share were 26 cents this quarter against 34 cents a year ago but well above expected range.
Feb 25, 2009 11:50 PM ET
U.S. stocks gyrated as banks traded up and down and closed higher. Citigroup inches closer to agree with federal regulators and the U.S. Treasury to increase the government stake in the bank, falling short of effective nationalization. Regional banks rebounded at close but remain depressed.
Feb 25, 2009 11:17 PM ET
European market indexes dropped for the fourth day in a row. Indexes declined today on the weak U.S. home sales report and worries that banks may need more capital. EU issues guidelines to segregate toxic bank assets and puts limitation on dividend and executive compensation. Accor chairman quits.
Feb 25, 2009 11:16 PM ET
U.K. gross domestic product declines 1.5% in the fourth quarter and the estimate of decline from a year ago was revised to a shrink of 1.9%. Barratt Developments losses rise and see no sign of turnaround in the business till the lending environment improves.