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Oct 30, 2015

US stocks slip on earnings, slow growth

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 weak results. THE SCORE: Stocks have been lower all day, but they’ve held onto most […]

Jul 15, 2015

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 second-quarter results, and early announcements bode well for investors unnerved by worrisome headlines and a […]

May 9, 2014

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 after being rescued by the government in 2008. Fannie Mae reported Thursday that it earned […]

Jan 9, 2014

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 yet again. The stock rose more than 6 percent before Wednesday’s market open. For the […]

Aug 29, 2013

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 second quarter, up 23 percent from the second quarter of 2012. About 54 percent of […]

Oct 23, 2012

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 money marketing their products and services online. Nevertheless, the numbers were slightly better than analysts […]

May 10, 2012

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 over by the government during the 2008 financial crisis.   Fannie on Wednesday reported that […]

Feb 28, 2012

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 since the 2008 financial crisis. The Federal Deposit Insurance Corp. said Tuesday that bank earnings […]

Nov 2, 2011

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 million, or 32 cents per share, a year earlier. Excluding special items, Thomson Reuters reported […]

Oct 18, 2011

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 ...

Jul 28, 2011

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 ...

Feb 2, 2011

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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