Primary Health H1 net profit increases six fold but still below the expectations

Primary-HealthCare-LtdPrimary Health Care Ltd., Australia's largest pathology Services Company, has posted a phenomenal more than 600% growth in its first half net profit. Net profit for the six months ending December 2009 was reported A$76.6 million while it was posted A$11.5 million for the same period last year. But this huge profit failed to attract the investors as it was well below the expectations of the market analysts who were expecting a profit of between A$83.4 million and A$93.8million.

Shinsei shares plunge after the indefinite postpone of the Aozora deal

Shinsei shares plunge after the indefinite postpone of the Aozora dealThe dreams of creating Japan's sixth largest bank by assets took a major setback after the 2 mid-size lenders Shinsei Bank and Aozora Bank postponed their deal to merge in October. Analysts believe that the Shinsei Bank would now need to raise capital since it was heavily relying on the strong capital base of Auzora bank.

On Monday, Shares of Shinsei Bank fell by 6.7% which is reported to be its 3-month low since November last year.

Oil drops to $73 dollar a barrel

Oil drops to $73 dollar a barrelThe oil dropped to $73 a barrel amid sluggish crude demand as investors continue cautious approach with concerns about the health of the global economy. Oil prices recovered from previous decline on US inventory data along with news of the latest move by China to tighten its monetary policy and sustain the economic growth.

India bat to position of strength

India bat to position of strengthTeam India has accumulated a healthy lead of 135 runs by the lunch on 3rd day of test match in Kolkata. India at stumps on the 2nd day was at 342 for the loss of five wickets.

The last match of two match series was intriguingly poised after the second day's play here at Eden Gardens although India with a 1st innings' lead of 46 is positioned better.

Scientists release life operating system by genetic code alteration

Scientists release life operating system by genetic code alterationScientists have claimed that they have developed a new life operating system by altering the genetic code. This could result in the creation of proteins with certain properties which were never seen before. The research could help created drugs which can be taken orally without being destroyed by the acids in the digestive system.

‘My Name Is Khan’ earns Rs 90.2 Crore in the first three days

‘My Name Is Khan’ earns Rs 90.2 Crore in the first three daysThe movie 'My Name is Khan' which features Shah Rukh Khan and Kajol earned worldwide revenues of Rs 90.2 crore in the first three days of its release, according to the data released by film distributor Fox Star India.

The movie is on track to chase Aamir Khan starer 3 Idiots which has broken many Box Office records. 3 Idiots collected revenues of Rs 90 crores in the first three days of its release.

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