| Panasonic posts record loss, sees tough year ) forecast a bigger-than-expected annual loss after booking a record quarter of red ink battered by weak demand, price falls and hefty restructuring costs. The company, which vies w ...[more] |
| H&M April sales rebound boosts recovery hopes ) said sales rebounded at a faster rate than expected in April as the retail bellwether ended eight months of declines, adding to signs of a tentative recovery in consumer spending. ...[more] |
| Honda CEO says 2009/10 is floor for earnings "The last (January-March) quarter was the nadir, and things will gradually start to improve in the first two quarters (of this year)," Takeo Fukui told Reuters in an interview. "I'm d ...[more] |
| Treasury says insurers to get TARP funds access A Treasury spokesman said Hartford Financial, Prudential Financial Group, Lincoln National Corp and Prudential Financial Inc met requirements for access to the government's Capital Purchase P ...[more] |
| Some insurers may not accept TARP funding: KBW Hartford Financial and Lincoln National Corp may accept TARP funding given their need for additional capital and the cost and difficulty of potential equity raises at their modest valuations, ...[more] |
| Rio says committed to Chinalco tie-up, shares up The latest endorsement of Chinalco, already Rio's largest shareholder, also comes amid speculation the Australian government could demand revisions, or kill the deal under foreign investment ...[more] |
| Bank of America names Cho head of Asia M&A: memo Cho moved to Asia in 1996 after a stint in Merrill Lynch's San Francisco-based technology M&A group. David Petrie was also named head of Australia M&A, the memo said. ...[more] |
| Panasonic posts annual loss, sees another tough year ) reported an annual net loss on Friday, battered by weak demand, price falls and restructuring costs, and the Japanese electronics maker forecast a bigger-than-expected loss this year. ...[more] |
| Daimler may post 2009 loss:report ), the world's largest commercial vehicle maker, may post a loss in 2009 due to volatile markets, its Chief Financial Officer Bodo Uebber said, according to German newspaper Sueddeutsche Zeitung.[more] |
| UBS chairman says bank losing key staff: report )(), is losing key staff in important areas to competitors, chairman Kaspar Villiger was reported as saying on Saturday. "This has reached such an extent in the United States that it ...[more] |
| Asian consumers go back to basics in downturn Manufacturers across the region, the world's largest producer of electronics and white goods, are more than happy to oblige as they scramble for orders that will keep their heads above water ...[more] |
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