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AP
Friday, 23 March 2007
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AP - Mortgage finance giant Freddie Mac, emerging from an accounting scandal, reported Friday it lost $480 million in the fourth quarter as a result of moves in interest rates that hurt its business of guaranteeing home loans. |
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AP
Friday, 23 March 2007
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AP - Nike Inc. won't say where, how or when but it wants to change the way consumers shop. "Consumers want a more compelling and relevant experience wherever and whenever they shop," Nike President and Chief Executive Mark Parker said Thursday as the company released its third-quarter results and said it had a soft year with some specialty mall retailers.
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AP
Friday, 23 March 2007
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AP - Palm Inc. reported a 61 percent drop in its third-quarter profits Thursday as speculation of a buyout continued to swirl. Sales of the company's Treo smart phones reached record levels, but increased costs, $5.7 million in stock-based compensation, and $3.7 million in acquisition-related charges hurt Palm's bottom line.
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Reuters
Friday, 23 March 2007
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Reuters - Palm Inc. , the current
subject of takeover speculation and maker of the Treo
smartphone, on Thursday posted a lower quarterly profit as
costs rose and it booked charges.
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AP
Thursday, 22 March 2007
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AP - Barnes & Noble Inc., the nation's largest bookseller, reported on Thursday a slight increase in fourth-quarter profit that missed Wall Street expectations. It also forecast a loss for the first quarter. |
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AP
Thursday, 22 March 2007
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AP - KB Home, one of the nation's largest homebuilders, said Thursday fiscal first-quarter earnings plunged as the continuing housing slump hurt sales and profit margins. |
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Reuters
Thursday, 22 March 2007
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Reuters - KB Home , the No. 5 U.S. home
builder, on Thursday said quarterly net profit fell 84 percent,
reflecting the sharp decline in the U.S. housing market. |
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AP
Thursday, 22 March 2007
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AP - The foodmaker General Mills Inc. said on Thursday that its third-quarter profit rose 9 percent as increased sales helped offset rising prices for ingredients, and the company raised its guidance for the year. |
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AP
Thursday, 22 March 2007
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AP - ConAgra Foods Inc. earned $192.6 million in the third quarter despite a massive recall of all of its peanut butter products after they were linked to a salmonella outbreak, the company reported Thursday. |
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AP
Thursday, 22 March 2007
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AP - A Japanese court convicted four former executives of disgraced dot-com company Livedoor of inflating earnings reports Thursday in a scandal that destroyed one of the country's highest-flying Internet startups.
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BusinessWeek Online
Thursday, 22 March 2007
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BusinessWeek Online - Package delivery company FedEx said Mar. 21 that it's been struggling to grow profits during recent months. Fuel costs cut into profits, while snowstorms made it tougher for trucks to deliver packages. And as the U.S. economy slowed, customers who might have insisted on shipping everything overnight express during easier years downgraded to less expensive services. |
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