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Editorial: New BoP phase
Published December 2, 2008, 2:23 pm, Business Standard India
The sharp drop of 12.1 per cent in exports during October (when counted in dollars), reflects the drop in global demand, which has adversely affected every country's export performance, including China's.
Gladstone Capital Corporation Reports Results for the Fourth Quarter and Fiscal Year Ended September 30, 2008
Published December 2, 2008, 2:15 pm, Business Wire via Yahoo! Finance
MCLEAN, Va.----Gladstone Capital Corp. today announced earnings for the quarter and fiscal year ended September 30, 2008. All per share references are per basic and diluted weighted average common shares outstanding, unless otherwise noted.
Christopher Wood
Published December 2, 2008, 2:01 pm, Business Standard India
, equity strategist at CLSA, is among the few who have correctly predicted the collapse of sub-prime debt and the global credit crisis, back in 2005. Now he has turned his jaundiced eye to the US dollar, which he thinks is due to lose its standing as the default currency.
Global Woes
Published December 2, 2008, 2:00 pm, Business Standard India
The slowdown in developed markets is having an adverse impact on export oriented and transnational companies. There is no doubt that the world economic outlook has turned unfavourable.
Homex Announces 2009 Revenue Guidance Above the Industry's Expected Average Growth Rate
Published December 2, 2008, 2:00 pm, PR Newswire via Yahoo! Finance
Desarrolladora Homex, S.A.B. de C.V. today announced its guidance for 2009. The Company expects to perform favorably in the year ahead with revenue growth in the range of 8 to 10 percent and EBITDA margin in the range of 23.0 percent to 24.0 percent bolstered by continuing demand for affordable entry-level homes and the favorable mortgage conditions to finance them under federal housing programs.
Michaels Stores, Inc. Reports Third Quarter Operating Results
Published December 2, 2008, 1:47 pm, Marketwire via Yahoo! Finance
Michaels Stores, Inc. today reported a net loss for the quarter ended November 1, 2008, of $20 million compared to an $18 million loss for the quarter ended November 3, 2007. The year-to-date net loss improved $15 million to $70 million for the nine months ended November 1, 2008, compared to a net loss of $85 million for the corresponding period of the prior year.
DRAM prices drop to new lows
Published December 2, 2008, 1:40 pm, TG Daily
Sears Holdings Posts Loss After Sales Decline (Update4)
Published December 2, 2008, 1:38 pm, Bloomberg
Dec. 2 (Bloomberg) -- Sears Holdings Corp. , the largest U.S. department-store company, posted a loss that was wider than analysts estimated as cash-strapped consumers bought less clothing, appliances and home furnishings, pushing sales down for the seventh straight quarter.
Exporters need sufficient succour
Published December 2, 2008, 1:35 pm, The Economic Times
The government has already indicated it would provide fiscal stimuli to exporters-those from textiles, gems and jewellery etc in particular.
Rio Tinto expected to take huge writedown on Alcan assets, say analysts
Published December 2, 2008, 1:32 pm, Canadian Business
MONTREAL - Falling aluminum prices are expected to force global mining giant Rio Tinto (LSE:RIO) to take a huge writedown on its Alcan assets
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