Fed rate cut pleases investors

Federal Reserve Chairman Ben Bernanke and his critics in financial markets may finally be on the same page.

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Business International

Yahoo dips on drop in Q4 profit

Yahoo Inc posted a drop in quarterly profit on Tuesday (local time) and forecast 2008 revenue below Wall Street estimates as it cuts jobs and invests to shore up its Web advertising business.

Honda raises earnings forecast on sales

Honda Motor Co, Japan's second-largest carmaker, raised its full-year net income forecast 7.8 percent after demand for its fuel-efficient models spurred sales in the United States and Asia.

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Business International

Fast food giant serves up poor sales

McDonald's Corp said on Monday (local time) that US same-store sales in December hit the lowest monthly level in nearly five years, sending its stock down as much as 8.8 percent and weighing on the fast-food sector.

Orders power up Suzlon profits

India's Suzlon Energy Ltd, the world's No 4 wind turbine maker, said yesterday its standalone quarterly net profit nearly doubled as it won more orders, helping its shares rise nearly 8 percent.

Beleaguered firms unveil LCD TV link-up

Loss-making Japanese electronics makers JVC and Funai Electric Co Ltd will jointly develop and supply LCD televisions, an industry source said, the latest in a series of alliances in the highly competitive flat TV sector.

Meat major's earnings slip 40%

Tyson Foods Inc, the largest US meat company, said on Monday (local time) quarterly earnings fell 40 percent as its beef and chicken businesses were weighed down by higher costs, but strength in its pork unit allowed it to top Wall Street estimates and its shares moved higher.

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