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Methanex Reports Q4 Results and Completes the Year in a Strong Financial Position
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2009) - For the fourth quarter of 2008, Methanex (TSX:MX)(NASDAQ:MEOH)(SANTIAGO:Methanex) reported Adjusted EBITDA(1) of negative $12.4 million after recording a $33 million pre-tax charge to write-down inventories to net realizable value and a net loss of $3.1 million ($0.03 per share on a diluted basis). Also included in earnings in the fourth quarter is the benefit of a reduction of $27 million to future tax liabilities related to a resolution of a tax position. For the year ended December 31, 2008, Methanex reported Adjusted EBITDA(1) of $334.0 million and net income of $172.3 million ($1.82 per share on a diluted basis).
Marketwire

Pa. joins mortgage-aid settlement with Countrywide
HARRISBURG, Pa. -- Pennsylvania has joined a settlement with Countrywide Financial Corp. that makes available as much as $155 million to help keep thousands of state residents in their homes.Thirty o...
Big News Network

Capital Flows To Emerging Markets Seen Falling Sharply In 2009
(Dow Jones) -- The recession and financial crisis plaguing the developed world will likely cause a sharp decline in net private capital flows to emerging markets this year, according to the Institut...
Big News Network

Qualcomm Q1 Profit Falls 56%; Slashes FY`09 Revenue Outlook
Wednesday after the bell, wireless kingpin Qualcomm Inc. (QCOM) announced that its first quarter net earnings declined 56% from last year and 61% sequentially, hurt by weakening demand for its wireless chips and additional impairments of its marketable securities portfolio, reflecting the distress in global financial markets. Citing the difficult business environment, the company also slashed its revenue guidance for fiscal 2009.
RTT News

Flextronics Int`l Q3 Loss Widens Sharply On Charges; Guides Q4 Below Estimate
Wednesday, electronics manufacturing services provider Flextronics International Ltd. announced that third quarter loss widened sharply from last year, hurt by charges recognized for provisions for doubtful accounts receivable and inventory write-downs. Quarterly earnings, excluding items, missed analysts' estimate by three cents. The company provided financial outlook for the fourth quarter, which is below Street expectations.
RTT News

NYSE Euronext To Launch Europe Dark Pool Platform Feb 2
after securing approval from the U.K.'s financial regulator. The bank-backed SmartPool platform had been slated for launch last June, but exchange officials said it was pushed back in response to ch...
bignewsnetwork.com

Firan Technology Group (FTG) Announces Record Sales for Fourth Quarter and Full Year 2008
TORONTO, ONTARIO--(Marketwire - Jan. 28, 2009) - Firan Technology Group Corporation (TSX:FTG) today announced financial results for the fourth quarter and the fiscal year ended November 30, 2008.- 38% sales growth in Q4, 2008, 14% in fiscal 2008- 29% gross margin in Q4, 2008 compared to 14% in Q4, 2007- $5.6M increase in earnings in 2008 versus 2007- Continued strong contribution from acquired Filtran Microcircuits business'2008 was a challenging and very satisfying year for FTG as we continued to execute on our growth initiatives and met or exceeded our targets. Our continued focus on investment in technologies and Operational Excellence provides us with the tools to grow market share and exceed customer expectations', stated Brad Bourne, President and Chief Executive Officer. 'In addition to the numerous successes this year, we made great progress on our cost reduction initiatives and we moved forward with our FTG Aerospace facility in China. Combined with this, o
Marketwire

Consolidated Envirowaste Reports 2008 Annual Results
ABBOTSFORD, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2009) - Consolidated Envirowaste Industries Inc. (TSX VENTURE:CWD) announced today its results for the year ended September 30, 2008. A complete copy of the Company's audited annual financial statements and accompanying management's discussion and analysis is available on SEDAR at www.sedar.com. Excerpts from the annual audited financial statements are as follows:/T/--------------------------------------------------------------------------S
Marketwire

Billions more needed for financial rescue
WASHINGTON (AP) -- The Obama administration is developing proposals to help rescue the banking system that could cost taxpayers hundreds of billions of dollars beyond the $700 billion bailout Congress already has approved....
The Arizona Republic

Can Mary Schapiro Revitalize the SEC?
Welcome to the SEC. It's understaffed, underfunded, demoralized, and facing the biggest financial mess in decades
Time

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