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XL Capital jumps 43% on strong underwriting results
XL Capital Ltd. shares surged more than 40% Wednesday after the insurance and reinsurance company reported a big quarterly net loss but generated strong underwriting results.
topix.net

Alcon Q4 profit rises 12.5% on higher margins; guides FY09 EPS below estimate - Update
Late Wednesday, Swiss eye care company Alcon, Inc. reported that fourth quarter earnings rose 12.5% from last year, boosted by an improvement in gross margin and the results of ongoing cost cutting initiatives and a lower effective tax rate. The company's quarterly earnings per share grew 12.8% and came in above analysts' expectations. However, the company's earnings forecast for fiscal 2009 was below the consensus estimate.
RTT News

The U.S. Retail Sales Report May Validate Bearish Dollar Technical Outlook
The U.S. retail sales report is expected to show that consumer spending declined by 0.8% in January after a 2.7% drop the month prior. It would mark the...
Daily FX

Activision bucks trend with record results
Activision Blizzard, the largest video game publisher, reported recession-resistant results, with record revenues and profits, in sharp contrast to the fortunes of its rivals and falling demand in other industries
FT.com

Russian developer seals refinance deal
Mirax reaches agreement to restructure a $200m loan owed to Credit Suisse, in the country's first big restructuring deal since the credit crisis
FT.com

Researchers warn of a warmer Washington
Agriculture, forestry and even ports could be impacted by accelerating climate warming in Washington in coming decades, warns a report released by the University of Washington Climate Impacts Group.
bizjournals

Dow up 51; financials rebound from drubbing
The rally relieves investors frightened by Tuesday's sell-off. Energy shares move lower after oil falls below $36 a barrel and stalls a morning rally. BlackBerry maker Research In Motion slumps on an earnings warning. Applied Materials reports a big loss.
MSN

Westport Innovations Inc.: Westport Reports Third Quarter Financial Results
VANCOUVER, BRITISH COLUMBIA (MARKET WIRE) Westport Innovations Inc. (TSX: WPT)(NASDAQ: WPRT), a global leader in alternative fuel, low-emissions transportation technologies, today reported financial results for the third quarter of fiscal 2009 ended December 31, 2008, and provided an update on operations. All figures are in Canadian dollars based on Canadian GAAP unless otherwise stated.
Market Wire

Thomas Weisel Partners Group, Inc.: Thomas Weisel Partners Group, Inc. Reports Fourth Quarter Results
SAN FRANCISCO, CA (MARKET WIRE) Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG) today released results for the three months ended December 31, 2008, reporting a net loss of $21.5 million, or $0.67 per share, on net revenues of $31.5 million. For the year ended December 31, 2008 the firm reported a net loss of $158.6 million, or $4.90 per share, on net revenues of $189.5 million. The full year results include a non-cash goodwill charge-off of $92.6 million or $2.86 per share. As of December 31, 2008, the firm's cash and cash equivalents were $116.6 million.
Market Wire

Taiwan`s Hontai eyes Aegon`s Taiwan business -paper
TAIPEI, Feb 12 (Reuters) - Hontai Life Insurance isinterested in acquiring Aegon's Taiwan lifeinsurance unit and aims to finish the due diligence process inone month, the Commercial Times reported on Thursday.
Reuters

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