Analyst upgrades VanceInfo, raises estimates on growth in telecommunications; shares surgeSeptember 16th, 2009 Analyst upgrades VanceInfo, raises estimatesNEW YORK — Shares of offshore software developer VanceInfo Technologies Inc. surged 10 percent Wednesday after an analyst upgraded the company's shares and raised his estimates citing strong demand from telecommunications companies.
CDC Software to acquire business intelligence solutions for manufacturingOctober 5th, 2009 CDC to acquire business intelligence providerATLANTA — Business software developer CDC Software Corp. said Monday it has agreed to an all-cash purchase of a provider of business intelligence solutions for manufacturing intended to help expand its presence in the food and beverage, consumer packaged goods and automotive markets.
Stocks turn lower after recent surge, following modest losses overseas, ahead of Fed meetingSeptember 21st, 2009 Stocks follow overseas markets lowerNEW YORK — Stocks followed overseas markets lower Monday, pausing after a recent surge. All the major European indexes declined in afternoon trading there after stocks fell in Asia overnight.
Stocks pause from recent surge, hurt by sharp declines in energy, material stocksSeptember 21st, 2009 Energy, material stocks lead market sell-offNEW YORK — More dealmaking and a favorable economic forecast weren't enough to carry stocks higher Monday as markets around the globe cooled from a recent surge. The Dow Jones industrials and the Standard & Poor's 500 index lost about 0.6 percent in early trading.
Software maker Retalix plans to sell stake; founder who is CEO to retire at year's endSeptember 3rd, 2009 Investor group to take 20 percent stake in RetalixRA'ANANA, Israel — Software maker Retalix Ltd. said Thursday it will sell a 20 percent stake in the company to a group of investors.
CDC Corp. posts $3 million 2nd-quarter profit, reversing year-ago loss, despite revenue dropAugust 18th, 2009 CDC Corp. climbs to 2Q profit, shares jumpNEW YORK — Business software company CDC Corp. on Monday reported a $3 million second-quarter profit, reversing a year-ago loss, as cost-cutting measures offset a drop in revenue.
Stocks pause from recent surge, hurt by declines in energy, material stocksSeptember 21st, 2009 Energy, material stocks lead market declineNEW YORK — More dealmaking and a favorable economic forecast weren't enough to carry stocks higher Monday as markets around the globe cooled from a recent surge. The Dow Jones industrials and the Standard & Poor's 500 index lost about 0.8 percent in early trading.
Satyam promoters' equity stake falls to 5.13 percentJanuary 1st, 2009 BANGALORE - The 8.27 percent equity stake of the promoters in IT bellwether Satyam Computer Services has slumped to 5.13 percent after their shares, pledged with financial institutions through a family-owned holding firm, were sold in the market, the firm disclosed to the Bombay Stock Exchange (BSE) late Friday. In a letter to the BSE listing department, Satyam's company secretary G.
CA 2nd-quarter profit is nearly flat as revenue inches lower, but outlook sends shares higherJuly 23rd, 2009 CA 2Q profit nearly flat, but outlook lifts sharesISLANDIA, N.Y. — Business management software company CA Inc.
New York Stock Exchange halts trading in Satyam stockJanuary 6th, 2009 HYDERABAD - The New York Stock Exchange Wednesday halted trading in the stock of beleaguered Satyam Computer Services prior to the opening of the market at 9.30 a.m. US eastern time, the NYSE said in a statement.
How the Dow Jones industrials and other major stock indexes fared in Friday's tradingJuly 25th, 2009 How the major stock indexes fared on FridayInvestors held on to the stock market's rally Friday, extending a two-week jump that has added 11 percent to the stock market's major indicators. Disappointing results from Microsoft Corp.
Share markets continue to fall, Satyam scrip loses almost all valueJanuary 8th, 2009 MUMBAI - Indian equities markets continued their downward slide Friday morning, with a key index falling 0.34 percent over its previous close. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down 0.34 percent or 32.37 points Friday and was trading at 9,544.51 points about 15 minutes into trade.
Tibco Software shares up after 3Q results top Wall Street forecastsSeptember 25th, 2009 Tibco Software shares up after 3Q resultsNEW YORK — Shares of Tibco Software Inc. rose Friday after the company's third-quarter earnings topped Wall Street expectations with the help of lower expenses.
Stock futures steady after big jump a day earlier; reports from Microsoft, Amazon curb gainsJuly 24th, 2009 Stock futures steady after prior day's big jumpNEW YORK — Investors are taking a breather after a surge in stocks, with futures little changed ahead of the market's open on Friday. Initially, futures moved higher, buoyed by gains in overseas markets that came after Wall Street's stunning advance Thursday in which the Dow Jones industrials jumped almost 190 points to their first close above the 9,000 mark since early January.
Sina 2nd-quarter profit falls 41 percent, adjusted earnings meet analyst viewsSeptember 1st, 2009 Sina 2Q profit drops 41 percentSAN FRANCISCO — Sina Corp., operator of a leading Chinese Internet portal, said Monday that its second-quarter profit fell 41 percent. When excluding items, the Shanghai-based company met analyst expectations.