3xwy Blog

AP – Harman International Industries Inc., which makes speakers, headphones and audio equipment, on Monday said it moved to a profit in its fiscal second quarter, compared with a year-ago period when it recorded steep one-time charges.

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Harman posts fiscal 2Q profit, revenue up 24 pct.
(AP)

Teams of American structural engineers are in Haiti looking into the integrity of the thousands of buildings still standing. U.N. officials say perhaps 20 percent of the structures in Port-au-Prince collapsed, and 80 percent of those still standing suffered serious damage. Some of these structures shouldn’t be occupied.

AP – Two filmmakers, their companies and the former manager of the Iowa Film Office were accused Monday of mishandling tax incentives designed to lure moviemakers to the state.

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Iowa AG files charges over film tax credits
(AP)

AP – American Capital Agency Corp. reported sharply higher earnings for the fourth quarter of 2009 Monday as the government-backed mortgage securities it holds gained value.

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American Capital Agency says earnings rose in 4Q
(AP)

Six suspected Taliban militants with a suicide vest and hand grenades were arrested Monday. Police say the suspects were on their way to attack a five-star hotel and kill Americans in Lahore, Pakistan’s cultural capital.

AP – Shares of Walter Energy Inc. are poised to climb with rising metallurgical coal prices, said an analyst Monday as he upgraded the coal producer’s stock.

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Walter Energy upgraded on coal price outlook
(AP)

AP – Regional freight railroad operator Genesee & Wyoming Inc. said Monday its fourth-quarter earnings fell 28 percent as a weak economy knocked down demand for the goods it hauls.

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Genesee & Wyoming 4Q slides; demand firms up
(AP)

AP – Weakness in Western energy-producing states helped raise the average U.S. county’s economic stress in December to its highest point since the recession began in December 2007, according to The Associated Press’ monthly analysis of conditions in more than 3,100 U.S. counties.

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AP analysis: US economic stress hit a peak in Dec.
(AP)

AP – Greek officials put the final touches Monday on an overhaul of the country’s ineffective tax system — part of their urgent effort to fix a debt crisis that has shaken the entire eurozone.

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Greece readies tax change to fight crisis
(AP)

Reuters – Sumitomo Mitsui Financial Group (8316.T), Japan’s third-biggest bank by assets, outshone it larger rivals and posted its biggest profit in seven quarters on Monday, helped by an improvement in its stock portfolio and a decline in bad loans.

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SMFG Q3 profit surges, keeps forecast
(Reuters)