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Teradyne revises guidance, announces cost reductions SAN FRANCISCO (MarketWatch) -- Teradyne Inc. said late Monday it's revising guidance for the quarter ending in April, and will take steps to cut roughly $50 million in annualized costs. The automated test equipment maker said it now expects sales for the quarter will be between $115 million and $120 million, and its net loss per share excluding special items will be between 40 and 42 cents, while its 'sales in the second quarter of 2009 will be about flat with the first quarter.' In a statement, the company cited global economic conditions and flagging consumer demand, which are 'causing our customers to reduce their test needs to unprecedented levels.' Shares of Teradyne were flat in after-hours trading at $4.48. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. Market WatchGlobal trade `will shrink by 9%` The World Trade Organization predicts that world trade will shrink by 9% because of the global recession. BBCForecasts for German GDP Worsen The German economy will shrink 6% to 7% this year, Commerzbank forecast, a result that would put the country in the deepest recession of any major European economy this year. Wall Street JournalWTO forecasts 9% fall in global trade Collapsing global demand will send the volume of world goods trade plunging this year, the World Trade Organisation predicts FTNorthern MPs to lobby for airports Delegation led by Nick Brown, minister for the north-east, to press government to support regional airports amid fears losing links to London could damage recession-hit economies further FTU.S. woos investors to buy toxic assets WASHINGTON (Reuters) - The Obama administration on Monday offered a raft of incentives for private investors to help rid banks of up to $1 trillion in toxic assets that plunged the world economy into crisis. ReutersTech Banker Quits J.P. Morgan J.P. Morgan Chase's global head of technology M&A has resigned, the latest example of a Wall Street banker leaving such a perch. Wall Street JournalBeijing`s Currency Efforts Face Barriers China's call to shift to a new global reserve currency faces significant economic and political hurdles. Wall Street JournalReport: Japan`s Toyota City Hurting as Troubled Economy, Industry Takes Hold Some Qatar rent-a-car companies have hiked their tariffs up by at least 10 to 20%. There are no rules regulating the rentals and they vary from one company to another. Car rental tariffs vary also according to brand and the age of the vehicle. Models starting from 2007 and above cost more compared to older ones. Autospies.comHow the Dow Jones industrials and other major stock indexes fared in Monday (AP) - Wall Street got the news it wanted on the economy's biggest problems — banks and housing — and celebrated by hurtling the Dow Jones industrials up nearly 500 points. investors a... bignewsnetwork.com1 2 3 4 5 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
Feedzilla manually aggregates news summaries found in RSS feeds, and redistributes them in either RSS format or as a news widget. Content is collected 24 hours a day, 7 days a week from an ever-growing list of providers.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]