Geely readies cash to buy Ford's Volvo brand: WSJ
-
at MarketWatch
-
54 minutes ago
The parent group of Geely Automobile Holdings Ltd. has lined up loans from at least three major Chinese government banks to finance its bid for Ford Motor Co.'s Volvo car unit, The Wall Street Journal reported late Tuesday, citing a person close to the Chinese auto maker.
Hong Kong shares rise, China resource stocks up
-
at MarketWatch
-
2 hours, 4 minutes ago
Hong Kong stocks gained in early morning trading Wednesday, with Chinese resource stocks among the leaders on higher commodities prices. The benchmark Hang Seng Index rose 0.9% to 22,312.9, while the Hang Seng China Enterprises Index was 1.3% higher at 13,401.9.
Japan to add $11.5 billion in stimulus: Nikkei
-
at MarketWatch
-
Tue 8:03 pm ET
Japan's Ministry of Finance will set aside an additional 1 trillion yen or more to fund economic stimulus measures in the fiscal 2009 second supplementary budget, business daily Nikkei reported Wednesday.
Japan shares rise, steel stocks up, but banks fall
-
at MarketWatch
-
Tue 7:39 pm ET
Japanese shares traded slightly higher Wednesday morning, with steel firms gaining, though financials were broadly lower as the market digested the Bank of Japan's decision to step up easing measures.
Shanda posts sharp third-quarter profit gain
-
at MarketWatch
-
Tue 7:15 pm ET
Shanda Interactive Entertainment Ltd. said late Tuesday its third-quarter net income attributable to ordinary shareholders rose 49% compared to the period last year, to 519.6 million yuan .
Nintendo's Wii woes hit parts suppliers: report
-
at MarketWatch
-
Tue 7:09 pm ET
The declining fortunes of Nintendo Co.'s Wii video-game console is hitting parts suppliers hard, a Japanese news report said Wednesday. Mitsumi Electric Co. and Hosiden Corp. are suffering from a drop-off in orders from Nintendo to assemble game systems, with both now expected to see group net profits fall more than 50% for the year that ends this coming March, the Nikkei business daily reported.
Continental November traffic up 2.9%
-
at MarketWatch
-
Tue 6:46 pm ET
Continental Airlines Inc. said Tuesday that traffic in November rose 2.9% and capacity decreased 1.2% compared with the same month a year ago. Load factor, or the percentage of the plane filled with passengers, was up 3.2 percentage points to 80.5%, the Houston-based carrier said.
Australian stocks gain early on resource strength
-
at MarketWatch
-
Tue 6:40 pm ET
Australian equities moved higher in early Wednesday action, with the resource sector leading the advance amid gains in commodities. The S&P/ASX 200 was up 1.5% at 4,788.1, while Alumina Ltd. added 2.6%, and Newcrest Mining Ltd. gained 3.3%.
Continental November traffic increases 2.9%
-
at MarketWatch
-
Tue 6:22 pm ET
Continental said late Tuesday traffic in November rose 2.9% to 6.77 billion revenue passenger miles from 6.57 billion revenue miles in November 2008. A revenue passenger mile is equal to one passenger flown one mile.
Santarus shares rise on FDA drug approval
-
at MarketWatch
-
Tue 5:38 pm ET
Santarus Inc. said Tuesday that the Food and Drug Administration approved over-the-counter heartburn medication Zegerid that uses its technology, triggering a $20 million milestone payment to the biotech company.
Northrop may not bid on tanker contract: WSJ
-
at MarketWatch
-
Tue 4:56 pm ET
Northrop Grumman Corp. may not bid on a $40 billion Air Force refueling tanker contract, clearing the field for Boeing to become the sole bidder, The Wall Street Journal reported Tuesday on its Web site.
Oil dips in electronic trade after API data
-
at MarketWatch
-
Tue 4:54 pm ET
Oil futures slipped in electronic trades after the American Petroleum Institute said late Tuesday U.S. crude oil inventories rose by 2.9 million barrels last week. Analysts polled by Platts had been expecting a drop of 1.3 million barrels.