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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: net income

net income stories: 3 news summaries

MGM Delays New Casinos
for Vegas, Atlantic City

After credit downgrade, firm reports 67% decline in quarterly net income

Oct 29, 08 3:03 PM CDT
(Newser) - MGM Mirage will suspend work on new casinos in Las Vegas and Atlantic City due to the dismal credit climate, the Wall Street Journal reports. The firm reported a 67% drop in third-quarter net income as the slumping economy quells consumers’ desire to gamble or spend at casino restaurants and... More »

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Atlantic City • gambling • Las Vegas • MGM Mirage • profits • casino • credit crisis • net income

BoA Writes Down $5.28B; 4Q Net Income Drops 95%

Writedowns had been estimated at $3B

Jan 22, 08 9:30 AM CST
(Newser) - Bank of America said today its net income plummeted 95% in the fourth quarter, and it wrote down $5.28 billion in collateralized debt obligation. Net income for the largest retail bank and credit-card issuer was $268 million, or 5 cents per share, compared to $5.26 billion, or $1.... More »

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Bank of America • net income • writedowns • collateralized debt obligations

Microchips Earning Maxi Profits

Intel net income boosted 43% by huge demand for laptops

Oct 17, 07 4:25 AM CDT
(Newser) - Silicon Valley giant Intel, whose microchips are an integral part of most computers, reported a 43% jump in net income to $1.86 billion for the third quarter—and forecast another increase in the current quarter. The company is firing on all cylinders, with investors driving up the stock 26%... More »

MORE ABOUT:
Intel • growth • Nasdaq • Advanced Micro Devices • net revenue • net income • Andy Bryant • Paul Otellini • Gross margin

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