offshore-finances.com

Yesterday, after market close, Novatel Wireless Inc. (NASDAQ:NVTL) declared disappointing fourth quarter 2009 financial results. The company’s first quarter 2010 outlook is more lackluster due to lower average selling price (ASP) and weak seasonality. In the after-market trade in NASDAQ, the stock price of Novatel tumbled 76 cents (10.34%) to $6.59.
 
Fourth quarter total revenue of $88.64 million was up 36% year-over-year but declined 6% sequentially. Quarterly revenue was also well below … [visit site to read more]

 AIG (NYSE:AIG) posted an $8.9 billion loss and said it could knock on the US government’s door to help meet its obligations

 CKE Restaurants (NYSE:CKR) will be purchased by Thomas H Lee Partners for $928 million, or $11.05 per share

 Interpublic Group (NYSE:IPG) reported inline sales and earnings for its fourth quarter, with results of 24 cents on revenues of $1.8 billion

 Gap (NYSE:GPS) reported after the close yesterday that its earnings topped estimates by one cent at 51 … [visit site to read more]

Update on supports and resistances. … [visit site to read more]

Serco Group led blue chip gains on the FTSE this afternoon, having announced a significantly expanded order book of £17.1 billion, up 0.8 billion on the previous year.
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Income and growth seekers are being advised to look again at the UK’s largest insurance company Aviva.
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Figures out today confirmed a much better than expected GDP figure, but the UK is still lagging behind other global economies in the speed of recovery.
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Lloyds Banking Group saw its share price sink in this morning’s early trading (0930) as investors offloaded following a large rise in impairments at the part-nationalised bank.
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Ratings agencies were today poised ready to downgrade Greece’s sovereign debt causing European markets to tumble.
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Investors should expect further mergers and acquisition activity in the mining sector over the coming 12 months, according to BlackRock.
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Invesco Perpetual has announced a number of fund manager changes within its fixed income team.
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