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HCL Infosystems` Q4 net down 7%
The rupees depreciation against the dollar, coupled with a drop in volumes across all segments of products and services, led to hardware and systems integrator HCL Infosystems post a 7.2 per cent year-on-year fall in profit after tax (PAT) for the quarter ended June 30. PAT for the quarter was Rs 60.4 crore, compared with Rs 65.1 crore in the year ago period.
Business Standard

NIESR warns of period of stagnation
Influential think tank, the National Institute of Economic and Social Research (NIESR) said today that Gross Domestic Product (GDP) grew 0.2% in the third quarter after a 0.3% fall in the April to June period. The NIESR specialises in estimating GDP prior to the release of figures from the Office for National Statistics. However, while the [...]
Finance Markets

Safe Bulkers, Inc. Reports Second Quarter and First Half 2009 Results
ATHENS, GREECE--(Marketwire - September 8, 2009) - Safe Bulkers, Inc. (the 'Company') (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six months periods ended June 30, 2009. Summary of Second Quarter 2009 Results -- Net revenue for the second quarter of 2009 decreased by 14% to $44.3 million from $51.4 million during the same period in 2008. The Company operated 13 vessels on average during the second quarter of 2009, earning a Time Charter Equivalent ('TCE')(1) rate of $37,555, compared to 11 vessels and a TCE rate of $52,069 during the second quarter of 2008. The decrease in the TCE rate resulted mainly from lower average period time charter rates contracted in previous periods, and to a lesser extent from the lower prevailing spot market charter rates. -- Net income was $58
Market Wire

FGL Announces Second Quarter Results and Strategic Updates
CALGARY, ALBERTA--(Marketwire - Sept. 8, 2009) - The Forzani Group Ltd. (TSX:FGL), ('FGL' or the 'Company'), Canada's largest retailer of sporting goods, today reported fiscal 2010 results for the 13-week second quarter and 26-week period ended August 2, 2009. 'FGL's fiscal 2010 second quarter financial results surpassed many of our industry peers but were weak compared to the prior year,' said Bob Sartor, FGL's chief executive Officer. 'We are making significant progress on our long-term strategic initiatives, including our announcement today that we are combining our two outdoor lifestyle banners as part of our initiative to drive financial performance by unifying and simplifying our banners and operations. However, our results were impacted by a cautious consumer and a wet and cold summer across much of Canada that cut deeply into the sale of seasonal items like bikes, in-line skates, sandals and swimsuits. We anticipate that this cautious consumer attitude will prevail for the r
Market Wire

Izard Nobel LLP Announces Class Action Lawsuit Against Immersion Corporation
WEST HARTFORD, CT--(Marketwire - September 8, 2009) - The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Northern District of California on behalf of those who purchased the common stock of Immersion Corporation ('Immersion' or the 'Company') (NASDAQ: IMMR) between May 3, 2007 and June 30, 2009, inclusive (the 'Class Period').
Market Wire

Employee Benefits Selections ``Recession-Resistant`` as Nearly 9 in 10...
Millions of American workers will be making their employee benefit decisions in the weeks and months ahead during their employer's fall open enrollment period - often the one time of the year when employees can make changes to their employee benefit selections for the coming year.
Topix.net

Izard Nobel LLP Announces Class Action Lawsuit Against Former Executives of Fleetwood Enterprises, Inc.
WEST HARTFORD, CT--(Marketwire - September 8, 2009) - The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Central District of California on behalf of those who purchased the common stock of Fleetwood Enterprises, Inc. ('Fleetwood' or the 'Company') (NASDAQ: FLE) between December 6, 2007 and March 10, 2009, inclusive (the 'Class Period').
Market Wire

Stull, Stull & Brody Announces Class Action on Behalf of Shareholders of Coventry Health Care, Inc.
NEW YORK, NY--(Marketwire - September 8, 2009) - Attorney Advertising. Notice is hereby given that a class action has been commenced in the United States District Court for the District of Maryland on behalf of purchasers of securities of Coventry Health Care, Inc. ('Coventry' or the 'Company') (NYSE: CVH) between February 9, 2007 and October 22, 2008, inclusive (the 'Class Period'). Stull, Stull & Brody has substantial experience representing employees who suffered losses from purchases of their employer's stock in their 401(k) plans. If you bought Coventry stock through your Coventry retirement account and have information or would like to learn more about these claims, please contact us.
Market Wire

GeckoSystems Eyeing TI`s ARM Processors for Mobile Robot Sensor Fusion
...excess of six million dollars. In contrast, the Japanese government has spent one hundred million dollars in grants (to Sanyo, Toshiba, Hitachi, Fujitsu, NEC, etc.) over the same time period to develop personal robots for their eldercare crisis, yet no viable ...
tmcnet.com

Insurance - Dominican R. - Premium growth accelerates to 5.7% in January-July
The Dominican Republic's insurance industry saw written premiums in January-July rise 5.7% compared to the same period in 2008, after registering 3.6% growth in the first half over 1H08. Premiums ...
BN Americas

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