| Housing deal, hope for insurers lift stocks(By SARA LEPRO and TIM PARADIS, AP Business Writers Sara Lepro And Tim Paradis, Ap Business Writers 2009-04-11 04:09) | | NEW YORK – Insurance and technology shares led the market higher in a volatile day Wednesday, breaking a two-day slide. But a dim view of the economy from the Federal Reserve and jitters over looming earnings reports kept buyers in check. The Dow Jo... |
| Liz Claiborne posts 4th-quarter loss on charges( 2009-03-13 21:59) | | NEW YORK – Liz Claiborne Inc. on Wednesday posted a wider fourth-quarter loss on goodwill impairment charges and weak customer demand. The apparel maker also issued a downbeat sales outlook amid a deteriorating retail environment. Claiborne, like ma... |
| Loews posts loss, hurt by poor CNA results( 2009-02-10 10:40) | | NEW YORK (Reuters) – Conglomerate Loews Corp (L.N) posted a fourth-quarter loss of almost $1 billion on Monday, hurt by disappointing results at a wholly-owned natural gas unit and majority-owned insurer CNA Financial Corp (CNA.N). Excluding rea... |
| NYSE Euronext posts $1.34 billion 4Q loss(By STEPHEN BERNARD, AP Business Writer Stephen Bernard, Ap Business Writer 2009-02-10 10:40) | | NEW YORK – Trans-Atlantic stock exchange operator NYSE Euronext said Monday it recorded a $1.34 billion loss during the fourth quarter as it was forced to take a charge related to its 2007 acquisition of European exchange Euronext. NYSE Euronext los... |
| Rohm & Haas 4Q profit tumbles 82 percent(By ERNEST SCHEYDER, AP Energy Writer Ernest Scheyder, Ap Energy Writer 2009-02-10 10:40) | | NEW YORK – Rohm & Haas, the specialty chemicals maker embroiled in an acquisition fight with Dow Chemical, said Monday its fourth-quarter earnings fell 82 percent as several charges and a drop in sales sapped profits. During the September-to-Dec... |
| Whirlpool profit falls on global sales slowdown(By Karen Jacobs Karen Jacobs 2009-02-10 10:40) | | ATLANTA (Reuters) – Whirlpool Corp (WHR.N) reported a 76 percent drop in fourth-quarter profit as sales crumbled in the global slowdown and the world's biggest appliance maker said earnings would also fall in 2009. The company's shares turned positi... |
| KFC parent Yum posts lower China growth, stock off(By Lisa Baertlein Lisa Baertlein 2009-02-04 06:45) | | LOS ANGELES (Reuters) – Yum Brands Inc (YUM.N), the parent of Taco Bell, Pizza Hut and KFC, on Tuesday posted a quarterly profit that topped Wall Street's target, but shares fell 1.8 percent on slowing sales growth in China. Yum generates 60 percent... |
| Schering-Plough swings to 4Q profit( 2009-02-03 20:41) | | KENILWORTH, N.J. – Drugmaker Schering-Plough Corp. posted a fourth-quarter profit that topped estimates as lingering buyout charges for Organon Biosciences NV decreased, but revenue suffered from a stronger U.S. dollar and lagging cholesterol drug s... |
| Motorola eyes weak Q1, halts dividend(By Sinead Carew Sinead Carew 2009-02-03 20:41) | | NEW YORK (Reuters) – Motorola Inc (MOT.N) forecast a deeper-than-expected first-quarter loss, suspended its quarterly dividend and said its chief financial officer left, sending its shares down as much as 14 percent. The embattled cell-phone maker s... |
| Motorola loses $3.6B, suspends dividend, CFO exits( 2009-02-03 20:41) | | SCHAUMBURG, Ill. – Motorola says it lost $3.6 billion, or $1.57 per share, in the fourth quarter as it took massive non-cash charges for goodwill impairment and an increase in a deferred tax reserve. Hammered by a decline in sales, the maker of tele... |
| Europe truck makers face worse 2009(By Victoria Klesty Victoria Klesty 2009-02-02 09:15) | | STOCKHOLM (Reuters) – Europe's heavy truck makers are expected to post sharply lower profits after a collapse in demand in the fourth quarter, and they should brace for even worse conditions in the coming year, analysts believe. With emptying order... |
| Investors' recent optimism wanes ahead of earnings(By SARA LEPRO, AP Business Writer Sara Lepro, Ap Business Writer 2009-01-12 02:33) | | NEW YORK – Coming off its worst week since November, Wall Street is now wondering if its late 2008 optimism about the economy was misguided — or at least premature. The beginning of companies' fourth-quarter earnings reports this week will be m... |
| U.S. bank earnings may be "frightful"(By Jonathan Stempel Jonathan Stempel 2009-01-12 02:29) | | NEW YORK (Reuters) – Government efforts to prop up U.S. banks and savings institutions have only partly cushioned the blow from what may have been the industry's worst three-month period since 1990. "Credit trends are going to be bad," sai... |
| Supervalu 3Q results hurt by impairment charges(By LAUREN SHEPHERD, AP Business Writer Lauren Shepherd, Ap Business Writer 2009-01-07 10:19) | | NEW YORK – Hefty one-time charges led Supervalu Inc. to post a big loss for its fiscal third quarter on Wednesday, but the grocer beat Wall Street estimates when the special items were excluded from the results. For the quarter ended Nov. 29, Superv... |
| Infineon Technologies 4Q loss widens to $969M(By MATT MOORE, AP Business Writer Matt Moore, Ap Business Writer 2008-12-03 17:22) | | BERLIN – German semiconductor maker Infineon Technologies AG said Wednesday that a write-down on its stake in Qimonda and lower chip prices on the global market combined to widen its fourth-quarter loss, the seventh in a row. Infineon said it lost e... |
| Beazer Homes 4Q loss balloons as revenue plunges(By ALEX VEIGA, AP Real Estate Writer Alex Veiga, Ap Real Estate Writer 2008-12-03 16:35) | | Homebuilder Beazer Homes USA Inc. gave Wall Street a double-shot of discouraging news Tuesday: Its fiscal fourth-quarter loss more than tripled from a year ago and it expects to lose money throughout 2009. "Conditions in both the overall economy and housi... |
| OTE telecom net profit up 30 pct in 3Q( 2008-11-27 00:19) | | ATHENS, Greece – Greece's largest telecoms company OTE said Wednesday its net profit increased 30 percent in the third quarter due to a strong performance in its mobile phone units. Net profit reached euro201.3 million ($260.4 million) in the July-S... |
| German's KfW reports 1.8 billion euro 9-month loss( 2008-11-17 16:15) | | FRANKFURT, Germany – KfW, the German state-owned development bank, said Monday that write-downs and the bailout of IKB Deutsche Industriebank AG drove it to a 1.8 billion euro ($2.3 billion) loss in the first nine months of 2008. KfW said in a state... |
| Hypo Real Estate Group 3Q loss 3.1 billion euros(By GEORGE FREY, AP Business Writer George Frey, Ap Business Writer 2008-11-17 16:15) | | BERLIN – Troubled German lender Hypo Real Estate reported Monday a net loss of 3.1 billion euros ($4 billion) in the third quarter as the financial crises worsened, with a unit in Ireland hit especially hard by write-downs on the values of its asset... |
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