Mylan, Inc. (MYL) reported third quarter earnings per share of 32 cents, above both the Zacks Consensus Estimate of 27 cents and 23 cents in the prior-year period. The company reported revenues of $1.26 billion, a 24% decline from the year-ago period. However, the year-ago period included $455 million of revenue related to the sale of the product rights of Bystolic. Excluding this, total revenues increased 5.2% over the third quarter 2008. Revenues would have increased 9%, but for the unfavorable movement of foreign currency. From this quarter onwards, Mylan has decided to report its results in two segments -- Generics and Specialty -- following the acquisition of approximately 24% of the remaining interest in Matrix and the related de-listing. The former Matrix segment has been included in the Generics segment. The Generics Segment, accounting for about 88% of total revenues during the quarter, increased marginally ...

Monster Worldwide, Inc. (MWW) recently reported results for the second quarter, ended June 30. Revenues of $223 million were down 37% year over year and slightly short of Street estimate of $224 million. The unfavorable movement in foreign exchange rates adversely affected the top-line by $16 million.

Monster is an online recruitment firm and the parent company of Monster.com, the leading career website in the world. The company, headquartered in New York, is also the largest advertising agency network for worldwide recruitment.

On a non-GAAP basis (excluding pro forma adjustments related to deferred revenue fair value adjustment required under existing purchase accounting rules relating to the acquisition of China HR in October 2008), the company generated revenues of $223.7 million, down from $255.4 million at the end of the previous quarter. Excluding the effects from currency and the contribution from China HR, organic revenue declined 34% year over year.

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RBC Capital is moving their rating on Banking Sector to Overweight:Gathering of Powerful People: Thursday night Congressional Leaders, The Treasury Secretary and The Federal Reserve Chairman jointly announced a cooperative effort to get ahead of the credit crisis. The plan is expected to be delivered to Congress in the next 24 hrs:Expected Key Components of Plan: 1) Create a mechanism that would take bad assets off the balance sheets of all financial companies 2) create federal insurance for investors in money-market funds 3) ban short selling of financial stocks through year end.Resolution Trust Corporation (RTC) II: RBC anticipates a key component of the Treasury plan will be the creation of a govt. entity that will buy bad assets similar to the RTC in the late 80s-early 90s.The Devil is In Details: The headlines are very appealing to bank stock investors but the ...