Archive for February, 2013

Generic competition, charges cut Merck Q4 profit

February 1, 2013
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Merck & Co.’s fourth-quarter profit fell 7 percent as generic competition slashed sales of its blockbuster allergy drug Singulair and the drugmaker took sizeable restructuring and acquisition charges. The company still beat Wall Street expectations.
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Explosion at Mexican oil giant kills 25

February 1, 2013
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MEXICO CITY (Reuters) – A powerful explosion rocked the Mexico City headquarters of state-owned oil giant Pemex on Thursday, killing at least 25 people, injuring more than 100 and trapping others inside.
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Columbia space shuttle tragedy: 10 years later

February 1, 2013
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Asia stock markets up as Dow logs strong January

February 1, 2013
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BANGKOK (AP) — Asian stock markets were mostly higher Friday as a weak jobs report from the U.S. was tempered by Wall Street‘s overall sterling performance for January.
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Kotak downgrades Satyam after Q3 earnings

February 1, 2013
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Reuters Market Eye – Kotak Institutional Equities downgraded Satyam Computer Services Ltd to “reduce” from “add”, noting October-December revenue growth was “muted”, given the impact from furloughs in the high-tech and manufacturing segments.
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GOP senators hammer Hagel on Iraq, Iran

February 1, 2013
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Defense secretary nominee Chuck Hagel endured a thorough pounding on Thursday at the hands of his fellow Republicans during a contentious, daylong confirmation hearing that did nothing to improve his prospects for heading the Pentagon. But in a Senate where Democrats control four more votes than the 51 needed to approve him, it may...
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Explosion rocks Mexico state oil company

February 1, 2013
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MEXICO CITY (AP) — Mexico’s state-owned oil company says 14 have died and 80 are injured in an office building explosion at its headquarters in the capital.
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S&P 500 posts biggest monthly gain since October 2011

February 1, 2013
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NEW YORK (Reuters) – Stocks edged lower on Thursday on caution ahead of Friday’s all-important jobs report, but the S&P 500 still posted its best monthly gain since October 2011.
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Facebook stock avoids steep drop as Street rethinks results

February 1, 2013
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REUTERS – Shares of Facebook Inc recovered from an 8 percent slide on Thursday, finishing the regular session down less than 1 percent, as Wall Street’s initial alarm over mobile revenue results and spending plans subsided.
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