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02/10/11
Credit Suisse Cuts Forecast
 
Credit Suisse Group cut its forecast after reporting its fourth-quarter net profit rose 6%, lower than expected as the strong Swiss franc ate into private-banking profits.
 
WSJ
02/10/11
Danske Bank Plans Rights Issue
 
Danske Bank plans to raise $3.68 billion in a rights issue to return hybrid loans to the state and reinforce its capitalization ahead of new European banking regulations.
 
WSJ
02/10/11
Zurich Financial to Raise Dividend
 
Zurich Financial Services said it will raise its dividend by 6% as it reported an unexpected slight increase in fourth-quarter net profit despite putting aside $100 million to cover losses from recent floods in Australia.
 
WSJ
02/10/11
Woori, Hana Results Miss Estimates
 
South Korean lenders Woori Finance and Hana Financial reported results that missed analysts' expectations, while KB Financial swung to a quarterly loss due to one-time costs related to early retirement packages offered to employees.
 
WSJ
02/10/11
Suspicion of Forex Gouging Spreads
 
Some of the nation's largest investment firms have been overcharged by banks for currency trades, bank insiders and others claim.
 
WSJ
02/10/11
Tapping a Continent's Growth From Home
 
While U.S. and European firms are waking up to Africa's accelerating growth, companies based on the continent also are expanding. From an abandoned farm outside Lagos, Nigeria, a Zambian beef processor is moving into one of Africa's most promising markets.
 
WSJ
02/10/11
AIG to Book $4.1 Billion Charge
 
American International Group sharply increased its claims estimates for insurance policies sold in previous years, a move that will wipe out much of the insurer's operating profit for 2010 but help clean up its balance sheet before a large stock...
 
WSJ
02/10/11
Encana Attracts Chinese Partner
 
Encana said it entered into a $5.43 billion deal with PetroChina to develop hard-to-reach natural-gas reserves, further deepening the energy ties between Canada and China.
 
WSJ
02/10/11
Coke Tests Health-Tea Waters
 
Sokenbicha, a bitter bottled tea popular in Japan, is one of Coca-Cola's global best sellers. Now, the company is hoping it catches on in the U.S.
 
WSJ
02/10/11
Short Sales Decline on Nasdaq
 
Short-selling at the Nasdaq Stock Market fell in the second half of January, according to the latest twice-monthly figures for the exchange.
 
WSJ
02/10/11
U.S. Oil-Drilling Boom Under Way
 
Oil-drilling activity in the U.S. has accelerated to a pace not seen in a generation as energy companies, oilfield contractors and landowners rush to exploit newly profitable sources of crude.
 
WSJ
02/10/11
China Looks to Boost Grain Production
 
China's government outlined farm subsidies and other new support aimed at encouraging grain production as the country braces for the possibility of a weak wheat crop that could further exacerbate a global food inflation scare.
 
WSJ
02/10/11
House GOP Fears States 'Crisis'
 
House Republicans said they are concerned of a "looming fiscal crisis" in state and local finances but ruled out any federal bailouts for states.
 
WSJ
02/10/11
Wells CFO's Departure Bewilders
 
The abrupt departure of Wells Fargo's chief financial officer and the company's sparse explanation left analysts puzzled about the implications for the bank.
 
WSJ
02/10/11
U.K. Banks Set Lending Pact
 
The U.K.'s largest banks, including Barclays and RBS, agreed to extend as much as £190 billion to U.K. businesses this year, in an effort to show they are doing their part to encourage economic growth.
 
WSJ
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