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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 Watch

Global trade `will shrink by 9%`
The World Trade Organization predicts that world trade will shrink by 9% because of the global recession.
BBC

Forecasts 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 Journal

WTO 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
FT

Northern 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
FT

U.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.
Reuters

Tech 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 Journal

Beijing`s Currency Efforts Face Barriers
China's call to shift to a new global reserve currency faces significant economic and political hurdles.
Wall Street Journal

Report: 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.com

How 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.com

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