- Earnings schedule for week of 5/28/2012 The Associated Press - AP - Fri, May 25, 2012
There are no major companies scheduled to report quarterly earnings next week. More »Earnings schedule for week of 5/28/2012
There are no major companies scheduled to report quarterly earnings next week.
- Analysis: HMO stocks may struggle over health claim costs Lewis Krauskopf - Reuters - Fri, May 25, 2012
NEW YORK (Reuters) - Americans' low use of healthcare services has proved a boon to health insurers over the past two years, reducing medical claim costs and raising … More »Analysis: HMO stocks may struggle over health claim costs
NEW YORK (Reuters) - Americans' low use of healthcare services has proved a boon to health insurers over the past two years, reducing medical claim costs and raising profits. The growing view on Wall Street is that those days are over. A series of first-quarter earnings disappointments for health insurers in the past month …
- Moody's cuts Sweden, Norway bank ratings AFP - Fri, May 25, 2012
International ratings agency Moody's said it has downgraded the ratings on several Swedish and a Norwegian bank by up to two notches, citing concerns over their funding … More »Moody's cuts Sweden, Norway bank ratings
- RBC stock drops on lending worry, but TD gains Cameron French - Reuters - Thu, May 24, 2012
TORONTO (Reuters) - Concerns about lending growth and European exposure pushed Royal Bank of Canada's shares down nearly 3 percent to a 2012 low on Thursday, while rival … More »RBC stock drops on lending worry, but TD gains
TORONTO (Reuters) - Concerns about lending growth and European exposure pushed Royal Bank of Canada's shares down nearly 3 percent to a 2012 low on Thursday, while rival Toronto-Dominion Bank rose slightly after its quarterly profit topped estimates. RBC, Canada's biggest bank, reported a 7 percent drop in second-quarter …
- Kenya's Sasini H1 profit plunges, Rea Vipingo's up Kevin Mwanza - Reuters - Thu, May 24, 2012
NAIROBI (Reuters) - Kenyan tea and coffee producer Sasini said on Thursday its first-half profit plunged 71 percent to 178 million shillings due to rising input costs … More »Kenya's Sasini H1 profit plunges, Rea Vipingo's up
NAIROBI (Reuters) - Kenyan tea and coffee producer Sasini said on Thursday its first-half profit plunged 71 percent to 178 million shillings due to rising input costs and lower international prices despite increased revenues. Sasini said its basic and diluted earnings per share fell to 0.78 shillings compared with 1.86 …
- Bank earnings rebound, but lending slackens Dave Clarke - Reuters - Thu, May 24, 2012
WASHINGTON (Reuters) - The banking industry enjoyed its highest earnings since the first half of 2007 in the first quarter, but lending slowed, reversing what had been … More »Bank earnings rebound, but lending slackens
WASHINGTON (Reuters) - The banking industry enjoyed its highest earnings since the first half of 2007 in the first quarter, but lending slowed, reversing what had been an encouraging trend in loan growth. The Federal Deposit Insurance Corp's quarterly report, released on Thursday, showed the industry earned $35.3 billion …
- Monro Muffler Brake 4Q results miss Street's view AP - Thu, May 24, 2012
Car-repair shop operator Monro Muffler Brake Inc. said Thursday that its fiscal fourth-quarter net income climbed 28 percent with higher revenue, especially from opening … More »Monro Muffler Brake 4Q results miss Street's view
Car-repair shop operator Monro Muffler Brake Inc. said Thursday that its fiscal fourth-quarter net income climbed 28 percent with higher revenue, especially from opening new stores, but the results and the company's outlook for the current quarter and year's earnings fell short of Wall Street forecasts, and Monro's shares …
- US bank earnings rose this winter to 5-year high MARCY GORDON - AP - Thu, May 24, 2012
U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight … More »US bank earnings rose this winter to 5-year high
U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.
- Wesco Aircraft to buy Canadian fastener supplier Reuters - Thu, May 24, 2012
(Reuters) - Aircraft equipment supplier Wesco Aircraft Holdings Inc said it will buy Canadian fasteners distributor Interfast Inc for C$134 million ($130.32 million) … More »Wesco Aircraft to buy Canadian fastener supplier
(Reuters) - Aircraft equipment supplier Wesco Aircraft Holdings Inc said it will buy Canadian fasteners distributor Interfast Inc for C$134 million ($130.32 million) in cash. Wesco said the acquisition will not have a material impact on adjusted earnings in 2012 but will add to earnings from fiscal 2013. Toronto-based Interfast …
- Royal Bank of Canada profit falls on M&A loss Reuters - Thu, May 24, 2012
(Reuters) - Royal Bank of Canada reported a 7 percent decline in quarterly earnings as an acquisition-related loss obscured strength in its domestic banking and capital … More »Royal Bank of Canada profit falls on M&A loss
(Reuters) - Royal Bank of Canada reported a 7 percent decline in quarterly earnings as an acquisition-related loss obscured strength in its domestic banking and capital markets-related businesses. RBC, Canada's largest bank, said on Thursday that net income from continuing operations was C$1.56 billion ($1.52 billion), …
- Angola fx reserves at $27.81 bln in April: cbank Reuters - Thu, May 24, 2012
LISBON (Reuters) - Angola's foreign exchange reserves rose to $27.81 billion in April from a revised $26.79 billion in March, the central bank said in a statement posted … More »Angola fx reserves at $27.81 bln in April: cbank
LISBON (Reuters) - Angola's foreign exchange reserves rose to $27.81 billion in April from a revised $26.79 billion in March, the central bank said in a statement posted on its website on Thursday. The central bank had earlier this month said reserves at the end of March stood at $26.77 billion. Angola, which is Africa's …
- Kenyan CFC Stanbic Bank's Q1 profit jumps 61 pct Reuters - Thu, May 24, 2012
NAIROBI (Reuters) - Kenya's CFC Stanbic bank, the main business of CFC Holdings, posted a 61 percent jump in pretax profit for the first quarter, propelled by higher … More »Kenyan CFC Stanbic Bank's Q1 profit jumps 61 pct
NAIROBI (Reuters) - Kenya's CFC Stanbic bank, the main business of CFC Holdings, posted a 61 percent jump in pretax profit for the first quarter, propelled by higher income, it said on Thursday. Ranked among the largest banks in the east African nation, CFC is controlled by South Africa's Standard Bank through CFC Holdings, …
- Africa and Latam thirst for beer drives SABMiller David Jones - Reuters - Thu, May 24, 2012
LONDON (Reuters) - Strong growth in Africa and Latin America helped global brewer SABMiller offset a fall in beer drinking in Europe and North America, as the Grolsch … More »Africa and Latam thirst for beer drives SABMiller
LONDON (Reuters) - Strong growth in Africa and Latin America helped global brewer SABMiller offset a fall in beer drinking in Europe and North America, as the Grolsch and Peroni maker beat forecasts with a 12 percent rise in full-year earnings. The world's second biggest brewer earns 70 percent of its profit from fast-growing …
- HP's missteps culminate in loss of 27,000 jobs MICHAEL LIEDTKE - AP - Thu, May 24, 2012
Hewlett-Packard CEO Meg Whitman has quantified the painful price that must be paid for the missteps of her predecessors as she tries to turn around the Silicon Valley … More »HP's missteps culminate in loss of 27,000 jobs
Hewlett-Packard CEO Meg Whitman has quantified the painful price that must be paid for the missteps of her predecessors as she tries to turn around the Silicon Valley pioneer. The bungling will wipe out 27,000 jobs so HP can save enough money to lift its earnings and invest in the development of more profitable products …
- A look at recent tech-industry earnings The Associated Press - AP - Wed, May 23, 2012
Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy: More »A look at recent tech-industry earnings
Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy:
- S.Africa stocks at 4-1/2 month low on Europe Helen Nyambura-Mwaura - Reuters - Wed, May 23, 2012
JOHANNESBURG (Reuters) - South African stocks tumbled to a 4-1/2 month low on Tuesday as skittish investors dumped index heavyweights such as Lonmin, as part of a global … More »S.Africa stocks at 4-1/2 month low on Europe
JOHANNESBURG (Reuters) - South African stocks tumbled to a 4-1/2 month low on Tuesday as skittish investors dumped index heavyweights such as Lonmin, as part of a global equity sell-off on nagging concerns about the European debt crisis. Retailers were also hit, with South Africa's third-largest listed clothing retailer, …
- Facebook told analysts to cut forecasts before IPO Olivia Oran and Nadia Damouni - Reuters - Wed, May 23, 2012
(Reuters) - As Facebook Inc officials traveled the country to talk up the company's $16 billion initial public offering, the social networking giant advised analysts … More »Facebook told analysts to cut forecasts before IPO
(Reuters) - As Facebook Inc officials traveled the country to talk up the company's $16 billion initial public offering, the social networking giant advised analysts for underwriters to reduce revenue and earnings forecasts, according to people with direct knowledge of the matter. The advice came around May 9, the day the …
- Hhgregg fiscal 4Q profit jumps on insurance payout AP - Wed, May 23, 2012
Hhgregg Inc.'s fiscal fourth-quarter earnings swelled as the electronics and appliance retailer collected $39.6 million in life insurance proceeds due to the death of … More »Hhgregg fiscal 4Q profit jumps on insurance payout
Hhgregg Inc.'s fiscal fourth-quarter earnings swelled as the electronics and appliance retailer collected $39.6 million in life insurance proceeds due to the death of executive chairman and former CEO Jerry W. Throgmartin.
- S.Africa's Mr Price FY posts in-line FY profit Reuters - Wed, May 23, 2012
JOHANNESBURG, MAY 23 - South Africa's third-largest listed clothes retailer Mr Price Group Ltd booked an expected 19 percent rise in full-year profit on Wednesday, as … More »S.Africa's Mr Price FY posts in-line FY profit
JOHANNESBURG, MAY 23 - South Africa's third-largest listed clothes retailer Mr Price Group Ltd booked an expected 19 percent rise in full-year profit on Wednesday, as above-inflation wage increases and decades-low interest rates lift consumer spending. Mr Price, which caters for lower-income shoppers in Africa's top economy, …
- Canaccord has loss on lower revenue, higher costs Reuters - Wed, May 23, 2012
TORONTO (Reuters) - Canaccord Financial Inc reported a fiscal fourth-quarter net loss on Wednesday, hurt by lower revenues from its trading and investment banking businesses, … More »Canaccord has loss on lower revenue, higher costs
TORONTO (Reuters) - Canaccord Financial Inc reported a fiscal fourth-quarter net loss on Wednesday, hurt by lower revenues from its trading and investment banking businesses, and higher costs tied to restructuring and acquisition-related items. The Toronto-based financial services provider reported a net loss of C$31.8 …
- MetLife to outline growth plan, eyes emerging markets Reuters - Wed, May 23, 2012
(Reuters) - MetLife Inc , the largest U.S. life insurer, said it plans to refocus its U.S. business and will seek to grow in emerging markets as part of a strategic plan … More »MetLife to outline growth plan, eyes emerging markets
(Reuters) - MetLife Inc , the largest U.S. life insurer, said it plans to refocus its U.S. business and will seek to grow in emerging markets as part of a strategic plan that is set to be unveiled later on Wednesday. By 2016, MetLife said it expects to increase its return on equity to between 12 percent and 14 percent, …
- Facebook advised analysts to cut forecasts before float Olivia Oran and Nadia Damouni - Reuters - Wed, May 23, 2012
(Reuters) - As Facebook officials traveled the country to talk up the company's $16 billion initial public offering this month, the social networking giant advised analysts … More »Facebook advised analysts to cut forecasts before float
(Reuters) - As Facebook officials traveled the country to talk up the company's $16 billion initial public offering this month, the social networking giant advised analysts for underwriters to reduce revenue and earnings forecasts, said people with direct knowledge. Facebook decided to tell analysts to cut estimates due …
- The numbers on the Facebook earnings revisions Poornima Gupta and Alexei Oreskovic - Reuters - Wed, May 23, 2012
SAN FRANCISCO (Reuters) - Four of Facebook's major underwriters -- Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America -- reduced their financial estimates for … More »The numbers on the Facebook earnings revisions
SAN FRANCISCO (Reuters) - Four of Facebook's major underwriters -- Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America -- reduced their financial estimates for the soon-to-be-public company following the release of a revised prospectus on May 9 that noted the negative impact of mobile users on Facebook's business. …
- Key stats of Facebook, Apple, Google The Associated Press - AP - Tue, May 22, 2012
Key financial statistics for Facebook, Apple and Google. Projections for 2012 are among analysts surveyed by FactSet. Price-to-earnings ratios are based on Tuesday's … More »Key stats of Facebook, Apple, Google
Key financial statistics for Facebook, Apple and Google. Projections for 2012 are among analysts surveyed by FactSet. Price-to-earnings ratios are based on Tuesday's close.
- Altria will pay $500M to resolve IRS dispute AP - Tue, May 22, 2012
Marlboro maker Altria Group Inc. said Tuesday that it has resolved a tax dispute with the IRS and is revising its full-year earnings forecast to reflect the agreeme … More »Altria will pay $500M to resolve IRS dispute
Marlboro maker Altria Group Inc. said Tuesday that it has resolved a tax dispute with the IRS and is revising its full-year earnings forecast to reflect the agreement.
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