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Stocks slide to 15-month low; Banks, commodities slump

European markets were sharply lower on Monday, as Friday's U.S. data, heavy losses in several sectors and a decline in commodities added to concerns over global growth.
Source: | By: Arjun Kharpal
UPDATE 2-Miner Tahoe Resources adds Ontario gold mines with Lake Shore buy

Feb 8- Miner Tahoe Resources Inc said it would buy Canada's Lake Shore Gold Corp for about C $751 million to add low-cost gold mines in Ontario to its portfolio. Tahoe had also bought smaller rival Rio Alto Mining Ltd in a cash-and-share deal valued at C $1.4 billion last February to expand its presence in Latin America. Lake Shore Gold operates Timmins West and...
Source: Reuters
UPDATE 2-Cognizant forecasts slowest revenue growth in 14 years

*Sees Q1 revenue $3.18 bln- $3.24 bln vs est $3.32 bln. New Jersey- based Cognizant said it expects adjusted profit of between 78- 80 cents per share and revenue of $3.18 billion- $3.24 billion for the three months ending March. Analysts on average were expecting a profit of 81 cents per share and revenue of $3.32 billion for the first quarter, according to Thomson...
Source: Reuters
Quotient reports 3Q loss

PENICUIK, Britain _ Quotient Ltd. on Monday reported a loss of $9.8 million in its fiscal third quarter. On a per-share basis, the Penicuik, Britain- based company said it had a loss of 48 cents. For the current quarter ending in March, Quotient said it expects revenue in the range of $3.8 million to $4.3 million.
Source: The Associated Press
Nordic American Tankers posts 4Q profit

HAMILTON HM 11, Bermuda _ Nordic American Tankers Ltd. on Monday reported fourth-quarter earnings of $30.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. Nordic American Tankers shares have declined 28 percent since the beginning of the year.
Source: The Associated Press
Segro twins homes with industry to tackle London housing squeeze

Feb 8- At a disused coffee factory in west London, Britain's largest listed industrial property developer is embarking on what it hopes will become a new approach to easing the capital's housing shortage. "London needs jobs along with housing," said Alan Holland, director of Segro's Greater London unit. Segro's entry into the housing market is symptomatic of a...
Source: Reuters | By: Esha Vaish
Japan Display says will swing to January-March op loss as Apple orders sag

TOKYO, Feb 8- Japan Display Inc on Monday said it would swing to an operating loss in January-March, as client Apple Inc books slowing sales of its iPhone and while the costs of keeping up with rivals in smartphone screen technology rise. The display maker forecast a fourth-quarter loss of 1.9 billion yen versus profit of 10.7 billion yen in the same period a year...
Source: Reuters | By: Makiko Yamazaki
Double-whammy hammers Japan's trading houses

Japan's storied trading houses face billions of dollars in impairments from an emerging markets downturn and the ongoing commodities rout.
Source: | By: Huileng Tan
Nikkei snaps 4-day losing streak to end up 1%

Japan's NIkkei 225 retraced losses of as much as 1.5 percent in afternoon trade to close 184.71 points, or 1.10 percent, higher.
Source: | By: Saheli Roy Choudhury
China eyes Sinochem chief for ethics lapses

The president of Sinochem Group, China's energy and chemicals conglomerates, is under investigation for discipline violations, authorities said.
Source: Reuters