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NEW YORK — Stocks are slightly lower in afternoon trading after the U.S. said economic growth slowed more than expected in the summer. Earnings reports came in mixed, with companies including Buffalo Wild Wings and camera maker GoPro plunging after ...
Read More »Investors hope earnings lift markets as fears fade
NEW YORK — After fretting over a Greek bailout, a collapse in Chinese stocks and the timing of an interest rate increase, investors are hoping U.S. corporate earnings will bring more reassuring news this month. Companies have started to report ...
Tagged with: earnings investors
Read More »Fannie, Freddie post solid earnings for 1Q
WASHINGTON (AP) — Government-controlled mortgage financers Fannie Mae and Freddie Mac posted solid earnings for the January-March period as the U.S. housing market continued to recover. Gains over recent quarters have enabled the companies to fully repay their taxpayer aid ...
Tagged with: earnings Fannie Mae Freddie Mac
Read More »Constellation Brands 3Q results beat, ups outlook
VICTOR — Constellation Brands’ third-quarter net income surged 93 percent, continuing to benefit from the strength of Crown Imports. The wine, beer and liquor company’s adjusted earnings and revenue topped analysts’ estimates, and it boosted its full-year adjusted earnings forecast ...
Tagged with: Constellation Brands earnings
Read More »US banks earn record $42.2B in 2nd quarter
WASHINGTON — U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans. The Federal Deposit Insurance Corp. said the banking industry earned $42.2 billion in the ...
Tagged with: earnings
Read More »Yahoo’s 3Q earnings, revenue tops forecast
SAN FRANCISCO — Yahoo has ushered in Marissa Mayer as its new CEO with a third-quarter earnings report that topped analyst estimates. The results announced Monday show Yahoo’s net revenue barely grew at a time when advertisers are spending more ...
Tagged with: earnings revenue Yahoo!
Read More »Fannie Mae earned $2.7B in Q1, doesn’t seek aid
WASHINGTON — U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company has reported a net income gain since it was taken ...
Tagged with: earnings Fannie Mae
Read More »US: Bank earnings hit five-year high in 2011
WASHINGTON — A surge in earnings by the biggest U.S. banks at the end of last year made 2011 the most profitable time for the industry in five years. More earnings and fewer troubled banks suggest the industry has healed ...
Tagged with: Banks earnings FDIC financial crisis
Read More »Thomson Reuters posts higher 3Q earnings
NEW YORK — News and information provider Thomson Reuters Corp. said Tuesday that its third-quarter earnings grew 38 percent because of higher revenue and lower operating costs. The company earned $369 million, or 44 cents per share, up from $268 ...
Tagged with: earnings Thomson Reuters
Read More »Bank of America earns $6.2B on accounting gains
NEW YORK — Bank of America earned $6.2 billion in the third quarter on accounting gains and the sale of a stake in a Chinese bank, which offset lower revenue and income in its credit card, real estate and investment banking businesses. Bank of America is also no longer the largest bank ...
Tagged with: Bank of America earnings
Read More »Thomson Reuters nearly doubles 2Q earnings
NEW YORK CITY — News and information provider Thomson Reuters Corp. said Thursday that its second-quarter net income nearly doubled thanks to growth in its professional division. At the same time, the company’s markets business ...
Tagged with: earnings Thomson Reuters
Read More »Time Warner earnings rise 22 pct, helped by HBO
NEW YORK CITY — Time Warner Inc., the owner of Warner Bros., HBO, CNN and DC Comics, on Wednesday said its fourth-quarter profit jumped 22 percent, helped by strong subscription and advertising increases in its TV operations and cost-cutting in publishing.
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