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Company Earnings:
China TechFaith posts jump in 4Q profit (AP)
AP - Chinese cell phone designer China TechFaith Wireless Communication Technology Ltd. said Monday it tripled its fourth-quarter profit, helped by a jump in revenue and a rise in value of derivative securities on its books.
Movado to post 4Q loss, industry woes continue (AP)
AP - Luxury watch maker Movado Group Inc. on Monday said it expects to report a fourth-quarter loss, hurt by several charges in the quarter related to the downturn in the jewelry industry.
ParkerVision 4Q loss narrows on revenue (AP)
AP - ParkerVision Inc. said Monday that its fourth-quarter loss narrowed as the developer of radio frequency technology reported more than $60 million in service revenue and a drop in operating expenses.
Toreador 4Q loss narrows as oil prices rebound (AP)
AP - French energy company Toreador Resources Corp. said Monday that its fourth-quarter loss narrowed to $5 million as rising oil prices partially offset falling production.
American Oriental Bioengineering 4Q profit jumps (AP)
AP - Drug and nutritional product company American Oriental Bioengineering Inc. said Monday its profit climbed 49 percent in the fourth quarter due to reduced acquisition costs.
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