Archive for July, 2009
Bankrate 2Q profit cut in half (AP)
NEW YORK – Bankrate Inc. on Thursday reported its second-quarter profit was cut in half as the recession eroded advertising revenue at the consumer finance Web site operator.
The results were in line with Bankrate’s preliminary announcement of second-quarter results on July 22, when the company warned it expected to miss Wall Street revenue and earnings [...]
TSX breaks 2-day slide on resources rush (Reuters)
TORONTO (Reuters) –
A swift return to hopes of economic recovery and a rally in prices for key Canadian commodities helped push Toronto's main stock index higher by 2 percent on Thursday.
The TSX shot higher from the get-go and hardly looked back as all 10 sectors advanced strongly, allowing the overall market to make up nearly [...]
31Jul2009 | it-y | 0 comments | Continued
Moody's lifts rating outlook on Advance Auto Parts (AP)
NEW YORK – Moody’s Investors Service said Thursday it raised its rating outlook on auto parts retailer Advance Auto Parts Inc. to positive from stable and affirmed its debt and liquidity ratings for the company.
“The change in outlook to positive reflects the improvement in Advance’s credit metrics, as well as the new more conservative tone [...]
China's central bank reassures on monetary policy (Reuters)
BEIJING (Reuters) –
China's central bank pledged to maintain loose monetary policy to support the economy and said it would ensure sustainable credit growth without resorting to heavy-handed quotas to rein in a lending spree.
In a statement that analysts said was intended to calm skittish markets, the People's Bank of China Vice Governor Su Ning said [...]
31Jul2009 | it-y | 0 comments | Continued
British hacker loses bid to avoid US extradition (AFP)
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31Jul2009 | it-y | 0 comments | Continued