Nagging worries about the world economy kept buyers from making big moves yesterday but stocks managed to inch higher towards the close as Wal Mart shares received a Citigroup analyst upgrade and financials strengthened after Christopher Dodd's unveiling of a less harsher than anticipated regulatory reform plan. 
Share:  <span class="sent">Nagging worries about the world economy kept buyers from making big moves yesterday but stocks managed to inch higher towards the close as Wal Mart shares received a <span class="analyst">Citigroup</span> analyst upgrade and financials strengthened after Christopher Dodd's unveiling of a less harsher than anticipated regulatory reform plan.</span> Tweet this 

It estimated that the worldwide recall, now involving some 8.5 million cars, could cost up to 180 billion yen ($2 billion), with 100 billion yen for repairs and 80 billion yen in lost sales. It said the recalls may dent global demand for Toyota models by 100,000 vehicles. Analysts with their own estimates say the total is bound to climb higher. JP Morgan's Kohei Takahashi expects Toyota to take a one time 500 billion yen ($5.5 billion) hit, including recall related costs and litigation settlements. He has lowered his estimate for operating profit next fiscal year starting April to 540 billion yen ($5.9 billion) from 760 billion yen, as higher profit margins in emerging markets soften the blow of recall expenses. 
Share:  It estimated that the worldwide recall, now involving some 8.5 million cars, could cost up to 180 billion yen ($2 billion), with 100 billion yen for repairs and 80 billion yen in lost sales. It said the recalls may dent global demand for <span class="company">Toyota</span> models by 100,000 vehicles. Analysts with their own estimates say the total is bound to climb higher.<span class="sent"> JP Morgan's <span class="analyst">Kohei Takahashi</span> expects <span class="company">Toyota</span> to take a one time 500 billion yen ($5.5 billion) hit, including recall related costs and litigation settlements.</span> He has lowered his estimate for operating profit next fiscal year starting April to 540 billion yen ($5.9 billion) from 760 billion yen, as higher profit margins in emerging markets soften the blow of recall expenses. Tweet this 

Analysts with their own estimates say the total is bound to climb higher. JP Morgan's Kohei Takahashi expects Toyota to take a one time 500 billion yen ($5.5 billion) hit, including recall related costs and litigation settlements. He has lowered his estimate for operating profit next fiscal year starting April to 540 billion yen ($5.9 billion) from 760 billion yen, as higher profit margins in emerging markets soften the blow of recall expenses. Deutsche Securities estimates a 290 billion yen ($3.2 billion) impact to earnings in the coming fiscal year, though analyst Kurt Sanger acknowledges that any attempt to quantify the impact involves an almost certain degree of error. "We expect Toyota to respond aggressively to win back much of its lost market share, but it will come at a cost," he said in a recent report. 
Share:  Analysts with their own estimates say the total is bound to climb higher. JP Morgan's Kohei Takahashi expects <span class="company">Toyota</span> to take a one time 500 billion yen ($5.5 billion) hit, including recall related costs and litigation settlements. He has lowered his estimate for operating profit next fiscal year starting April to 540 billion yen ($5.9 billion) from 760 billion yen, as higher profit margins in emerging markets soften the blow of recall expenses.<span class="sent"> Deutsche Securities estimates a 290 billion yen ($3.2 billion) impact to earnings in the coming fiscal year, though analyst <span class="analyst">Kurt Sanger</span> acknowledges that any attempt to quantify the impact involves an almost certain degree of error.</span> "We expect <span class="company">Toyota</span> to respond aggressively to win back much of its lost market share, but it will come at a cost," he said in a recent report. Tweet this 

Patni Computer Systems (NYSE: PTI , BSE: PATNI COMPUT, NSE: PATNI), a leading global IT and BPO services provider, today announced the establishment of a new North American hub for Business Process Outsourcing operations in El Paso, Texas. The move was triggered by a multiyear, multimillion dollar BPO services contract with a leading healthcare technology and services provider. Adding the El Paso center follows through on the stated corporate strategy to invest in specific regions around the world and contribute toward generating economic opportunities in these regions. 
Share:  Patni Computer Systems (NYSE: PTI , BSE: PATNI COMPUT, NSE: PATNI), a leading global IT and BPO services provider, today announced the establishment of a new North American hub for Business Process Outsourcing operations in El Paso, Texas. The move was triggered by a multiyear, multimillion dollar BPO services contract with a leading healthcare technology and services provider. Adding the El Paso center follows through on the stated corporate strategy to invest in specific regions around the world and contribute toward generating economic opportunities in these regions. Tweet this 

Credit Suisse upgrades Melco Crown Entertainment (Nasdaq: MPEL ) from Neutral to Outperform. 
Share:  <span class="sent"><span class="analyst">Credit Suisse</span> upgrades <span class="company">Melco Crown Entertainment</span> (Nasdaq: MPEL ) from Neutral to Outperform.</span> Tweet this 

EnerNOC ( ENOC ) estimates changed at Credit Suisse ENOC 2010 EPS estimate raised to 38 cents, 2011 lowered to 36 cents. 
Share:  <span class="sent"><span class="company">EnerNOC</span> ( ENOC ) estimates changed at <span class="analyst">Credit Suisse</span> ENOC 2010 EPS estimate raised to 38 cents, 2011 lowered to 36 cents.</span> Tweet this 

Western Union ( WU ) downgraded at William Blair from Outperform to Market Perform. 
Share:  <span class="sent"><span class="company">Western Union</span> ( WU ) downgraded at William Blair from Outperform to Market Perform.</span> Tweet this 

Nagging worries about the world economy kept buyers from making big moves yesterday but stocks managed to inch higher towards the close as Wal Mart shares received a Citigroup analyst upgrade and financials strengthened after Christopher Dodd's unveiling of a less harsher than anticipated regulatory reform plan. 
Share:  <span class="sent">Nagging worries about the world economy kept buyers from making big moves yesterday but stocks managed to inch higher towards the close as Wal Mart shares received a <span class="analyst">Citigroup</span> analyst upgrade and financials strengthened after Christopher Dodd's unveiling of a less harsher than anticipated regulatory reform plan.</span> Tweet this