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Cost cuts to boost Indian IT The country's IT companies are expecting a turnround in business as western financial groups look to outsourcing to help recover from the credit crisis FTNewspaper stocks rise as outlook improves Newspapers may have finally stopped - or at least slowed - their harrowing descent into a financial abyss after three years. MsnDarden Restaurants Q1 Profit Rises; Backs FY10 Guidance Restaurant chain operator Darden Restaurants, Inc. (DRI) said its first quarter profit increased, notwithstanding a 2.3% decline in sales. Earnings came in ahead of the Street estimates by a cent, though revenues fell short. Looking ahead, the company reaffirmed its financial guidance for fiscal year 2010. RTT NewsEmpire Strikes Back in Casino Battle Empire Resorts, which has been trying to develop a casino near New York City, was looking into the financial abyss last June. Today the company's prospects are looking rosier. Real Estate JournalNewMarket Corporation Schedules Conference Call and Webcast to Review Third Quarter 2009 Financial Results (Business Wire) RICHMOND, Va.----NewMarket Corporation announced today it will release third quarter 2009 earnings at the close of business on Thursday, October 22, 2009. The earnings announcement will also be available on the Companyâ??s website at www.NewMarket.com beginning Friday, October 23, 2009. yahoo.comHartford Financial close to naming former BofA exec CEO Hartford Financial Services Group Inc., a troubled insurer, is expected to name Liam McGee, former head of consumer banking at Bank of america Corp., as its new chief executive, the Wall Street Journal reported Tuesday. (BAC) (HIG) Biz JournalColony Financial, Inc. Announces Closing of Initial Public Offering LOS ANGELES--(BUSINESS WIRE)--Colony Financial, Inc. (NYSE: CLNY) (the “Company”), a newly formed real estate finance company focused on acquiring, originating and managing commercial mortgage loans, announced today the closing of its initial public offering of 12,500,000 shares of common stock, which priced at $20.00 per share on September 23, 2009. Total gross proceeds from both the public offering and the concurrent private placement were $255 million, of which $250 million was fr Business WireABQ agents to offer AARP auto insurance The Hartford Financial Services Group Inc. is making its AARP-branded auto insurance program available in Albuquerque. After meeting several social responsibility and business requirements, nine local agencies are now authorized to offer the insurance. (HIG) Biz Journal |
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