HCL Ties Up With Wellogic

IT services provider HCL Technologies on Thursday announced a strategic partnership with U.S.-based software solution provider Wellogic to provide interoperability and health records management solutions to the global healthcare market.

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SIG Posts FY09 Loss; Sees Lower Pre-tax Profit In H1 - Update

Construction products supplier SIG plc (SHI.L) Thursday reported a loss for 2009, as exceptionally challenging trading conditions led to a decline in revenue and the company incurred more charges than last year. Looking ahead, SIG said its pre-tax profit for the first six months of 2010 will decline from last year due mainly to bad weather conditions in the early part of the year.

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FedEx To Report Q3 Results: Earnings Preview

Package delivery giant FedEx Corp. (FDX) is scheduled to report third-quarter results before the market opens Thursday. The Memphis, Tennessee-based company’s performance is a barometer of the economic recovery, as the manufacturing sector is heavily reliant on the transportation industry.

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Agrium Not To Pursue Acquisition Of CF Industries - Update

In what will end a year long take-over battle, Canadian fertilizer and agricultural products distributor Agrium, Inc. announced Thursday that it will no longer pursue U.S.-based rival CF Industries Holdings, Inc., and will let its exchange offer for CF shares expire on March 22. It will also not push for the election of its nominees to the CF board.

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IHS Q4 Profit Declines; Backs FY10 View - Update

Critical and insight information service provider IHS Inc., Wednesday reported a drop in first quarter profit, hurt by higher expenses and changes related to shift in the executive conference period. Excluding changes, profit for the quarter improved 20%. Revenue for the quarter also grew helped by improved performance from all its three segments. The company has also reaffirmed its revenue forecast for full year 2010.

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IHS Q1 Profit Declines; Backs FY10 View - Update

Critical and insight information service provider IHS Inc., Wednesday reported a drop in first quarter profit, hurt by higher expenses and changes related to shift in the executive conference period. Excluding changes, profit for the quarter improved 20%. Revenue for the quarter also grew helped by improved performance from all its three segments. The company has also reaffirmed its revenue forecast for full year 2010.

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Guess Q4 Profit Jumps 81%, Tops Estimate; Sees Q1, FY11 Revenue Above Consensus

International fashion house Guess? Inc. said Wednesday its profit for the fourth quarter jumped 80.7% over last year, driven by higher sales and improved margins. Looking ahead, the company provided revenue outlook for the first quarter and fiscal year 2011, above the current Street consensus. Further, the company’s board also approved an increase to its quarterly cash dividend by 28%.

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Wall Street Advances As Inflation Concerns Remain Subdued

Stocks saw moderate strength on Wednesday amid reassurances from the day’s producer price data and yesterday’s interest rate announcement that inflation remains subdued. The major averages ended the day firmly in positive territory, reaching their best closing levels in over a year. The Dow gained more than 47 points, closing higher for the seventh straight session.

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Bernanke: Fed Best Equipped To Supervise Large Financial Organizations

Federal Reserve Chairman Ben Bernanke said Wednesday that there is no other agency that could replicate the “breadth and depth of relevant expertise” that the central bank has in its regulation of the nation’s banks and its analysis of systemic risks.

Speaking at a hearing before the U.S. House Committee on Financial Services, Bernanke said that the Fed is uniquely suited to supervise large financial organizations.

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Senate Approves $17.6 Billion Job Creation Bill

The Senate approved a $17.6 billion jobs creation bill Wednesday, sending it to President Barack Obama, who is expected to sign it into law.

The Hiring Incentives to Restore Employment Act was passed by a vote of 68 to 29. The bill is a much smaller version of a $85 billion bipartisan measure that the Senate Finance Committee drafted in February.

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