4:30PM NY; 10:30PM Frankfurt; 3:00AM Mumbai - GLOBAL MARKETS

Yield on 10-year bond closed at 4.548% and the 30-year bond closed at 4.668%.

Gold decreased $7.500 to close at $665.000 a troy ounce, silver lost 58.5 cents to end at $13.650 a troy ounce and copper declined $219.000 to close at $5992.000 per metric ton.

Oil advanced 11 cents to close at $61.90 a barrel and heating oil decreased 0.210 cents to finish at 177.600 cents a gallon. Natural gas gained 2.2 cents to close at $7.322 per MMBtu. Gasoline went up 3.020 cents to end at 190.400 cents a gallon.

Asian markets closed mostly lower led by declines in China and Japan, but the fall slowed significantly from the previous session''s broader sell-off in a sign that the fallout from the recent market turmoil may be short-lived. The decliners were led by Taiwan with a decrease of 2.83%, South Korea with a loss of 2.56% and Hong Kong with a decline of 1.55%. The advancers were Philippines with an increase of 4%, India with an advance of 1.71% and Indonesia with a gain of 1.06%. Australia lost 0.31%.

European markets finished lower extending a slump from the previous two sessions, amid growing concerns over U.S. inflation and the unwinding of the yen carry trade. The decliners were led by Netherlands with a decrease of 1.68%, Spain with a loss of 1.29% and Italy with a decline of 1.14%. There were no advancers.

Latin America markets finished mostly lower as investor sentiment soured amid continued declines in overseas markets, led by China. The decliners were Argentina with a decrease of 1.40% and Brazil with a decrease of 0.90%. The only advancer was Mexico with a gain of 0.09%. Canada lost 0.39% but had bounced off its intraday lows on the back of signs of strength in the U.S. manufacturing sector.

2:30PM NY, U.S. Market Movers

Cooper Tire & Rubber Co. (CTB: chart) said that its fourth-quarter loss widened on hefty restructuring charges and a write-down of the value of assets associated with acquisitions for company’s North American tire segment. Sales rose 29% in the quarter and its stock jumped more than 10%. Cooper posted a loss of $27.6 million, or 45 cents per share compared with a loss of $6.9 million, or 11 cents per share, for the same quarter in 2005. Shares climbed 16.5%.

DealerTrack Holdings (TRAK: chart), auto retail software company, said its fourth-quarter profit ballooned as sales grew. The company earned $5.7 million, or 14 cents per share applicable to common stockholders, up from $682,000, or 2 cents per share, during the same period a year earlier. Net income includes $1.4 million from the purchase price adjustment of an acquisition. Sales jumped 37% to $45.7 million from $33.4 million in the same period a year earlier. Shares went up 13.9%.

EchoStar Communications (DISH: chart), said fourth-quarter net income rose to $153 million, or 35 cents a basic share, from $133 million, or 30 cents a basic share, with revenue up 17% to $2.58 billion. The operator of the DISH Network added 350,000 net new subscribers during the quarter, giving it a total of 13.1 million subscribers. Shares climbed 5.9%.

Longs Drug Stores (LDG: chart) said an asset impairment charge drove fourth-quarter profit down 24% from a year-ago period that included a gain on the sale of a distribution facility. Net income declined to $26.9 million, or 71 cents per share, from $35.4 million, or 93 cents per share, in the year-ago period. The latest quarter included a charge of $3.8 million related to the planned disposition of 31 stores, and the year-ago quarter included a gain of $6.6 million on the sale of its Lathrop distribution facility. Revenue rose 8% to $1.34 billion from $1.24 billion last year. Retail drug store sales grew 3.9% and same-store sales increased 2.1%. Pharmacy same-store sales rose 3.7% and front-end same-store sales increased 0.8% compared with the year-ago period. Shares climbed 8.9%.

MDI Inc. (MDII: chart), which makes security technology, said it received a $25.3 million initial order to provide security company Stratis Authority with products for its school safety program. Under the terms of the deal, MDI''s Global Systems Solutions unit will deliver security packages, including video surveillance, unified access control, training and maintenance, to multiple school districts in the Southeast. Shares jumped 27.2%.

PRG-Schultz International (PRGX: chart), recovery audit firm, had a net loss of $21.1 million on $266.1 million in revenue, compared with a net loss of $207.7 million on $292.2 million in revenue in 2005. Loss per share was $3.32, compared with a loss per share of $33.50 in 2005. Shares went up 14.2%.

Smith Micro Software Inc. (SMSI: chart) shares rose 12.1% after the software company posted better-than-expected fourth-quarter results. The company earned $3.6 million, or 14 cents a share, on revenue of $17.2 million. Excluding items, the company earned $7 million, or 26 cents a share. Analysts expected earnings of 15 cents a share on revenue of $16 million. During the year-earlier quarter, the company posted adjusted earnings of $2.6 million, or 11 cents a share, on revenue of $8 million.

Stats Chippac Ltd. (STTS: chart) shares surged 23%. Late Wednesday night, Temasek Holdings Ltd. said it would launch a cash offer, through its subsidiary Singapore Technologies Semiconductors Ltd., for the remaining shares in Stats Chippac that it does not already own. Temasek currently holds a 35.6% stake in the semiconductor test company. Temasek, Singapore''s state-owned investment company, is offering S$1.75 per share and S$17.50 per American Depositary share in cash. If the offer results in Temasek owning more than 90% of Stats Chippac, Temasek will raise the offer price to S$1.88 per share and S$18.80 per ADS.

24/7 Real Media Inc. (TFSM: chart) tumbled 10% after the digital marketing company posted in-line fourth-quarter earnings but warned that first-quarter results would be lower than expected. The company reported adjusted earnings of $6.5 million, or 12 cents a share, on revenue of $60 million. Analysts expected earnings of 12 cents a share on revenue of $57.6 million. During the year-earlier quarter, the company earned $4 million, or 8 cents a share, on revenue of $41.7 million.

Ciena (CIEN: chart) slumped 11% after the company posted first-quarter earnings that were short of expectations. For the period, the company reported an adjusted profit of $20.1 million, or 22 cents a share, on revenue of $165.1 million. During the year-earlier period, the company posted a loss of $8.7 million, or 11 cents a share, on revenue of $120.4 million.

Input/Output Inc. (IO: chart), which provides seismic services for the oil and gas industry, reported fourth-quarter net earnings of $13.7 million, or 15 cents a share, compared with $16.1 million, or 17 cents a share, in the year-ago period. Revenue climbed to $166.2 million versus $131 million in the same period a year earlier. Shares fell 6.7%.

1:00PM European markets finished lower. Deutsche Telekom and Aviva weighed.
European stocks closed in the negative for a third straight session, extending recent losses amid growing U.S. inflation concerns and the unwinding of the yen carry trade. The trade involves investors borrowing yen in order to invest in regions with higher interest rates such as the U.S. Declines in the shares of Deutsche Telekom and U.K. insurer Aviva also generated negative sentiment. Germany''s Deutsche Telekom led the telecoms sector lower, falling 3.8% after it swung to a Q4 loss. Shares in France Telecom fell 1.8%, Telecom lost 2.4% and KPN tumbled 5.4%. In the defense sector, French EADS fell 5%. In the U.K., shares of insurer Aviva dropped 4.7% after it reported disappointing operating profit. Other insurers also declined, including Prudential which lost 2.2% and Royal & Sun Alliance, falling 2.1%. Elsewhere, PartyGaming shares slid 6.2% as its profit heavily dropped. On a more positive note, British American Tobacco was one of the biggest gainers on the main U.K. index. Company’s shares rose 1.6% after it said it will raise its dividend by 19% and increase its share buyback by 50%. Royal Bank of Scotland climbed 3%. The U.K.''s FTSE 100 dropped 0.9% at 6116.00. The index is down 5% since Monday''s close. The French CAC 40 slipped 1.1% at 5,458.40 and the German DAX 30 lost 1.1% at 6,640.24.