http://www.rttnews.comGlobal financial news, market analysis, economics and forex newsen-usSat, 07 Nov 2009 14:30:01 GMTFriday, just days after automaker General Motors Co. (MTLQQ.PK) announced its surprise pull out from the Opel/Vauxhall deal, Group Vice President and President of Opel Europe Carl-Peter Forster is leaving his role as head of European operations. Forster is reportedly upset over GM's decision to retain its troubled European operations, after it had agreed to sell a majority stake to a consortium led by Canadian car-parts maker Magna International, Inc. (MGA, MG.A.TO) in early September.http://www.rttnews.com/ArticleView.aspx?Id=1121479&Category=Breaking%20NewsFri, 07 Nov 2009 02:29:37 GMTCanadian independent energy company Gran Tierra Energy Inc. (GTE, GTE.TO) Friday reported a net loss for the third quarter compared to a profit in the prior year. Results were affected by lower oil prices, a significant increase in operating costs as well as foreign exchanges losses.http://www.rttnews.com/ArticleView.aspx?Id=1120977&Category=Breaking%20NewsFri, 06 Nov 2009 14:23:33 GMTBristol-Myers Squibb Co. (BMY) said Thursday that the U.S. Food and Drug Administration had approved a labeling update for HIV drug Reyataz to include long-term data from the CASTLE Study. Long-term data from the CASTLE Study showed that treatment with Reyataz/r could effectively suppress HIV viral load over 96 weeks in treatment-na‹ve patients.http://www.rttnews.com/ArticleView.aspx?Id=1120611&Category=Breaking%20NewsFri, 06 Nov 2009 10:55:26 GMTFinancial services provider Citigroup, Inc. (C) announced Thursday that its wholly-owned subsidiary and life-insurance unit Primerica, Inc. has filed a form S-1 with the U.S. Securities and Exchange Commission or SEC, for an initial public offering that could raise hundreds of millions of dollars. Primerica noted that all of the shares sold in the offering will be sold by Citigroup, and Citigroup will receive all the proceeds from the offering.http://www.rttnews.com/ArticleView.aspx?Id=1120310&Category=Breaking%20NewsThu, 06 Nov 2009 02:56:06 GMTOil and natural gas producer Petrohawk Energy Corp. (HK)Wednesday reported a loss in the third quarter compared to profit in the same period last year, mainly hurt by lower operating revenues along with an increase in operating expenses. Further, the company raised fourth-quarter and fiscal-2009 production outlook.http://www.rttnews.com/ArticleView.aspx?Id=1118277&Category=Breaking%20NewsThu, 05 Nov 2009 06:03:50 GMTInvestment adviser Value Line, Inc. (VALU), its chief executive officer and former chief compliance officer on Wednesday agreed to pay about $45 million to settle regulators' allegations that the company charged more than $24 million in bogus brokerage commissions on mutual fund trades funneled through Value Line's affiliated brokerage Value Line Securities Inc. http://www.rttnews.com/ArticleView.aspx?Id=1118184&Category=Breaking%20NewsWed, 05 Nov 2009 02:24:38 GMTFormer Hewlett-Packard (HPQ) chief executive Carly Fiorina announced in an op-ed piece for the Orange Country Register Wednesday that she will run for the U.S. Senate seat in California currently held by Democrat Sen. Barbara Boxer. "I now understand, in a very real way, that the decisions made by the Senate impact every family and every business, of any size, in America," Fiorina wrote. "This is what motivates me to run for the U.S. Senate."http://www.rttnews.com/ArticleView.aspx?Id=1117335&Category=Breaking%20NewsWed, 04 Nov 2009 15:59:51 GMTZebra Technologies Corp. (ZBRA), a manufacturer of thermal bar code printers, Wednesday reported a decline in profit for the third quarter, reflecting reduction in sales due to lower economic activity. The company also provided fourth quarter earnings and revenue forecast.http://www.rttnews.com/ArticleView.aspx?Id=1116520&Category=Breaking%20NewsWed, 04 Nov 2009 08:54:21 GMTSporting goods company Adidas AG (ADDDF.PK) Wednesday reported a 29.7% decline in third-quarter profit, reflecting lower operating profit. Further, the company gave fiscal 2009 earnings outlook and reaffirmed sales guidance for the year.http://www.rttnews.com/ArticleView.aspx?Id=1116477&Category=Breaking%20NewsWed, 04 Nov 2009 07:59:41 GMTSolera Holdings, Inc. (SLH), a provider of software and services to auto insurance industry, Tuesday reported a sharp increase in first quarter profit, which also surpassed analysts' estimate, driven mainly by a 53.5% surge in revenue from automotive recycling and other customers. The company also raised its outlook for fiscal 2010.http://www.rttnews.com/ArticleView.aspx?Id=1116434&Category=Breaking%20NewsWed, 04 Nov 2009 06:54:46 GMTOil and natural gas company EXCO Resources, Inc. (XCO) Tuesday reported profit for the third quarter, benefiting mainly from a gain on closure of divestiture transactions, including JV transactions with BG Group. Revenues declined sharply on lower oil and gas prices.http://www.rttnews.com/ArticleView.aspx?Id=1116417&Category=Breaking%20NewsWed, 04 Nov 2009 06:38:36 GMTMorgan Stanley (MS) has reportedly re-launched the sale of its stake in China International Capital Corp. Ltd., the first joint-venture investment bank in China, according to media reports on Tuesday. http://www.rttnews.com/ArticleView.aspx?Id=1116285&Category=Breaking%20NewsTue, 04 Nov 2009 03:43:21 GMTBrazilian low-cost and low-fare airline GOL Linhas Aereas Inteligentes S.A. (GOL) announced Tuesday that it has initiated an organizational restructuring in order to increase efficiency and promote greater integration is a response to the company's rapid growth in recent years. The restructuring would see the streamlining of business management and also a reduction in the number of vice-presidents.http://www.rttnews.com/ArticleView.aspx?Id=1116267&Category=Breaking%20NewsTue, 04 Nov 2009 02:58:49 GMTAutomaker Ford Motor Co. (F), the only major U.S. automaker to avoid bankruptcy, said Tuesday that it has priced its offering of $2.5 billion of senior convertible notes due November 15, 2016. The amount represents an increase from the $2 billion senior convertible note offering previously announced by the company. http://www.rttnews.com/ArticleView.aspx?Id=1116263&Category=Breaking%20NewsTue, 04 Nov 2009 02:47:25 GMTThe Securities and Exchange Commission announced Tuesday that Bernard Madoff's auditors have consented to a partial settlement with the commission. According to the SEC, David Friehling and Friehling & Horowitz consented to a proposed partial judgment imposing permanent injunctions against them without admitting or denying the allegations against them.http://www.rttnews.com/ArticleView.aspx?Id=1115600&Category=Breaking%20NewsTue, 03 Nov 2009 18:07:23 GMTUK-based property firm Hammerson Plc (HMSO.L) Tuesday issued an interim management statement for the period from July 1, 2009 to November 3, 2009. The company noted that the period has seen a degree of confidence return to property markets and that it has completed a number of property sales and made good progress on lettings in a difficult market environment. http://www.rttnews.com/ArticleView.aspx?Id=1114636&Category=Breaking%20NewsTue, 03 Nov 2009 08:13:24 GMTLaw firm Bonsignore and Brewer Monday said United States District Court Judge Phillip Pro finally approved the request of more than three million employees of Wal-Mart Stores Inc. (WMT) who worked in thirty states for wage and hour settlement, which would cost Walmart about $85 million towards payment as per settlement terms. http://www.rttnews.com/ArticleView.aspx?Id=1114502&Category=Breaking%20NewsTue, 03 Nov 2009 05:45:38 GMTIn a regulatory filing Monday, Merck & Co. Inc. (MRK) announced that the Food and Drug Administration recently refused to file the application for MK-0653C, a combination of ezetimibe, the active ingredient in cholesterol drug, Zetia, with atorvastatin, the active ingredient in Pfizer Inc.'s (PFE) Lipitor.http://www.rttnews.com/ArticleView.aspx?Id=1114484&Category=Breaking%20NewsTue, 03 Nov 2009 04:47:51 GMTConstruction aggregates and materials manufacturer Vulcan Materials Co. (VMC) reported Monday an 8% year-over-year decline in profit for the third quarter, hurt by drop in quarterly revenues due to weak demand amid the slump in the construction industry, despite effective cost management. Earnings per share from continuing operations dropped 29.6%, but topped analysts' expectations by a penny. The company noted that cost management and continued focus on improving margins would help position the company for significant participation in U.S. economic recovery.http://www.rttnews.com/ArticleView.aspx?Id=1114452&Category=Breaking%20NewsMon, 03 Nov 2009 03:27:46 GMTBroadridge Financial Solutions Inc. (BR) on Monday reported a 26% decline in profit for the first quarter on lower revenues, and a one-time gain recorded in the prior-year period. For fiscal year 2010, the company lowered its outlook for GAAP earnings, but reiterated its forecast for non-GAAP earnings.http://www.rttnews.com/ArticleView.aspx?Id=1114444&Category=Breaking%20NewsMon, 03 Nov 2009 02:59:36 GMTPiedmont Natural Gas Co. Inc. (PNY) on Monday evening forecast earnings for fiscal year 2010 to increase from the preceding year, citing a one-time gain and higher margins, among other items. The company's shares gained more than 4% in the after-hours trading. http://www.rttnews.com/ArticleView.aspx?Id=1114394&Category=Breaking%20NewsMon, 03 Nov 2009 00:35:47 GMTContinental Airlines Inc. (CAL) said Monday evening that its consolidated traffic for October grew 1.7% over last year, while passenger load factor rose by 3.5 points and capacity decreased 2.6%.http://www.rttnews.com/ArticleView.aspx?Id=1114364&Category=Breaking%20NewsMon, 02 Nov 2009 23:46:16 GMTHealthcare products manufacturer Perrigo Co. (PRGO) reported Tuesday a 59% year-over-year surge in profit for the first quarter, helped by strong performance across all business segments as well as a 16% increase in net sales. Adjusted earnings per share from continuing operations climbed 61% and significantly topped analysts' expectations. The company raised its forecast for adjusted earnings from continuing operations for the full year 2010.http://www.rttnews.com/ArticleView.aspx?Id=1113479&Category=Breaking%20NewsMon, 02 Nov 2009 12:34:49 GMTGTx Inc. (GTXI), which is awaiting FDA approval for toremifene 80 mg, an investigational drug for the prevention of bone fractures in men with prostate cancer on androgen deprivation therapy, will host a conference call and webcast on Monday, November 2, to provide an update on the drug's status. The FDA was to make a decision on the drug on October 30. http://www.rttnews.com/ArticleView.aspx?Id=1113027&Category=Breaking%20NewsMon, 02 Nov 2009 05:41:15 GMTNitrogen and phosphate fertilizer producer CF Industries Holdings, Inc. (CF), in a renewed bid to acquire Terra Industries, Inc. (TRA), again sweetened its offer on Sunday to $32.00 in cash and 0.1034 of a share of CF common stock for each Terra share, valuing Terra at $40.61 per share or about $4.1 billion. The offer includes the $7.50 per share special dividend declared by Terra. In its offer, CF has included a 80% cash component this time, with only about less than 20% in stock.http://www.rttnews.com/ArticleView.aspx?Id=1112965&Category=Breaking%20NewsSun, 02 Nov 2009 02:42:49 GMTIDC, a provider of market intelligence and advisory services, Thursday said that worldwide shipments of mobile phones declined 6% year-over-year in the third quarter of 2009. Nokia Corp. led the list of top five mobile phone vendors, although the company witnessed a slide in unit shipments and market share in the third quarter.http://www.rttnews.com/ArticleView.aspx?Id=1111632&Category=Breaking%20NewsFri, 30 Oct 2009 08:01:29 GMTMitsubishi Electric Corp. (MIELY.PK), a Japanese consumer electronics and machinery company, reported Friday a net loss for the second quarter, mainly due to equity losses at affiliated companies and other factors. The company also lowered its outlook for fiscal 2010, while it left the net loss forecast unchanged.http://www.rttnews.com/ArticleView.aspx?Id=1111590&Category=Breaking%20NewsFri, 30 Oct 2009 07:34:28 GMTBusiness intelligence software provider MicroStrategy Inc. (MSTR) on Thursday reported a 92% increase in profit for the third quarter from last year, as revenues increased 15%.http://www.rttnews.com/ArticleView.aspx?Id=1111469&Category=Breaking%20NewsFri, 30 Oct 2009 04:32:34 GMTGold Fields Limited (GFI) Thursday reported a sharp increase in profit for the first quarter, as revenues increased 30% year-over-year on higher average gold price.http://www.rttnews.com/ArticleView.aspx?Id=1109721&Category=Breaking%20NewsThu, 29 Oct 2009 10:34:35 GMTConsumer goods company Hanesbrands Inc. Wednesday reported higher profit for the third quarter of fiscal 2009, driven by higher operating profit and lower income tax rate.http://www.rttnews.com/ArticleView.aspx?Id=1109698&Category=Breaking%20NewsThu, 29 Oct 2009 10:22:07 GMT