Dare I say it? I might be on the lawyers' side for once...(I said MIGHT!) Shares of Northwest Pipe (NWPX) are down almost 17% today, on news that a previously announced investigation into revenue recognition practices has turned into a "formal investigation" by the Securities and Exchange Commission. ...
The "good" news: TheStreet.com, Inc. Reports Fourth Quarter and Full Year 2009 Results Premium Services Revenue Shows First Sequential Quarterly Growth in Seven Quarters on Strong Recent Growth in Bookings; Advertising Revenue Achieves First Year-Over-Year Growth in Six Quarters Adjusted EBITDA Highest ...
Blockbuster shares plunged nearly 30 percent on Wednesday after the heavily indebted movie rental chain said it may be forced to declare bankruptcy. Shares in Blockbuster, which has been struggling to keep pace with rivals Netflix and Amazon, shed 29.18 percent on ...
<div><p>Swiss banking giant Credit Suisse, hit by a record loss last year due to the global financial crisis, said Tuesday it had made a solid start to 2009 and was well placed to face the challenges ahead.</p><p>Switzerland's second largest bank said in ...
<div id="subtitle">Sony's quarterly net profit plunges 95 percent as electronics division slides into red</div><div><p>Sony said Thursday its net profit plunged 95 percent in the October-December quarter, as the holiday shopping season provided no respite for the struggling electronics giant and tepid sales ...
<div id="subtitle">Hitachi marks quarterly loss on global slump, expects worst loss ever for fiscal year</div><div><p>Hitachi reported a 371 billion yen ($4.14 billion) net loss for the fiscal third quarter Tuesday as a global slump squelched demand, and confirmed that it expects its ...
<div><p>Shareholder groups want Britain's biggest multinational firms to make disclosures to investors about the extent of their involvement in US election campaign financing. </p><p>Sixteen FTSE 100 firms sponsor employee contribution vehicles, known as political action committees (PACs). Ten of the 16 FTSE ...
<div id="subtitle">Japan's Panasonic to cut 15,000 jobs, shut 27 plants to cope with slump; forecasts annual loss</div><div><p>Panasonic Corp., sinking into its first annual loss in six years, said Wednesday it was slashing about 15,000 jobs and shuttering 27 plants worldwide, joining a ...
<div><p>Egypt on Friday dismissed as unacceptable a US report which branded Cairo's human rights record as poor, the foreign ministry said in a statement.</p><p>"Egypt does not accept any country assuming the role of a custodian of the Egyptian people or a judge ...
<div id="subtitle">Reports: Toyota vehicle operations to post first loss ever on falling sales amid downturn</div><div><p>Toyota's mainstay vehicle operations are likely to post their first ever loss for the fiscal year through March 2009, Japanese media reports said Friday, highlighting the dire conditions ...
