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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: corporate earnings

corporate earnings stories: 100 news summaries

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(AP) - Google Inc. eked out a higher profit in the first quarter, although the Internet search leader's revenue growth decelerated to the slowest pace since the company went public nearly five years ago. The company boosted its profit largely by cutting costs, including reducing the size of its work force for... More »

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Google • corporate earnings • tech giants

Earnings

 FedEx Earnings Dive 75% 


Mar 19, 09 7:52 AM CDT
(Newser) - FedEx net income plunged 75% in the third quarter, the company announced today, a bad sign for economists who consider the shipping giant a bellwether. FedEx also announced plans to cut $1 billion in costs, though it didn’t detail how many job cuts that might entail. The company has... More »

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earnings reports • corporate earnings • FedEx • job cuts • financial crisis

(Newser) - Fannie Mae received $15 billion from Uncle Sam last night after reporting a $25.2 billion fourth-quarter loss, the Washington Post reports. The loss, caused mostly by sinking mortgage-related investments, brought the company’s 2008 losses to $59 billion. This marks the first time Fannie has dipped into its potential... More »

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earnings reports • corporate earnings • Fannie Mae • GSE

 GM Loses $9.6B in Q4, 
 Guzzles $6.2B in Cash 

Misses estimates, stock tanks

Feb 26, 09 7:08 AM CST
(Newser) - General Motors burned through $6.2 billion in cash on its way to losing $9.6 billion in the fourth quarter, the company announced today, dragging its liquidity down to $14 billion. Analysts were expecting a loss, but not one this ghastly—the company’s stock is down nearly 24%... More »

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General Motors • earnings reports • corporate earnings • auto industry • cash

MARKET Open

 Dow Ticks Up Despite Job Woes 

522K lost last month, fewer than analysts predicted

Feb 4, 09 9:13 AM CST
(Newser) - Stocks were mixed at today’s open after a report estimating that 522,000 private-sector jobs were lost last month, the Wall Street Journal notes. The Dow started down but was recently up 41 points, while the S&P 500 and Nasdaq were marginally higher. Dragging on the Dow were... More »

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stock market • Kraft Foods • unemployment • Nasdaq • corporate earnings • Dow • Walt Disney • ADP • S&P 500


 Exxon Breaks Own 
 Profit Record 
 With $45B Haul 

The oil behemoth shattered the annual profit record despite slow fourth quarter

Jan 30, 09 8:13 AM CST
(AP) - Buoyed by last year's spike in crude prices, Exxon Mobil Corp. today reported a profit of $45.2 billion for 2008, breaking its own record for a US company, even as its fourth-quarter earnings fell 33%  from a year ago. The previous record for annual profit was $40.6 billion,... More »

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United States • earnings reports • corporate earnings • Exxon Mobil • oil prices • oil demand

MARKET Open

 Stocks Retreat After Rally 


Jan 29, 09 8:44 AM CST
(Newser) - Stocks sank at the open today as investors cashed in after yesterday’s rally. The Dow lost 90 points, while the Nasdaq and S&P both dipped 1.4%. The day’s economic data was negative as usual: Continuing jobless claims rose 159,000, orders for durable goods dropped 2.... More »

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stock market • Ford • Nasdaq • corporate earnings • Dow • S&P 500

 Ford Reports Record $14.6B 
 Loss for 2008 

The nation's No. 2 automaker says it has enough cash and credit available for 2009

Jan 29, 09 7:17 AM CST
(Newser) - Ford Motor Co. today reported its worst year in its 105-year history, driving through more than $5.9 billion in cash in the fourth quarter on its way to a $14.6 billion loss for the year, reports Bloomberg. The company said it had enough cash reserves and credit available... More »

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United Auto Workers • corporate earnings • auto industry • auto bailout • Ford Motor Co.

Sony's Profit
Off 95% in Q4

Company blames slow economy, strong yen for 25% sales slump across the board

Jan 29, 09 6:46 AM CST
(Newser) - Slumping demand, a strong yen, and increased competition knocked Sony’s third-quarter profits off 95% from a year ago, reports CNN. Sony reported profits of $110 million for the quarter ended Dec. 31, down from $2.2 billion a year ago. Sony’s gaming segment was hit especially hard, with... More »

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earnings reports • Sony • corporate earnings • yen • consumer electronics • Sony Playstation • financial crisis

(AP) - Starbucks Corp. plans to slash nearly 7,000 more jobs during a new round of store closures and other cuts, the company said as it reported that its profit dropped by more than two-thirds in its fiscal first quarter. The coffee chain plans to close 300 underperforming stores around the... More »

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Starbucks • layoffs • coffee • corporate earnings

(AP) - Yahoo Inc. stumbled to a fourth-quarter loss of $303 million, but the Internet company withstood the recession better than analysts had expected. Yahoo's loss—officially wrapping up the Jerry Yang era—translated into 22 cents per share, compared with a profit of 15 cents per share in the prior year,... More »

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Yahoo • Jerry Yang • tech companies • corporate earnings • Carol Bartz

 Caterpillar to Slash 20K Jobs 

Don't they know Obama wants to heap money on infrastructure?

Jan 26, 09 7:50 AM CST
(Newser) - Caterpillar Inc will cut 20,000 jobs—or 18% of its workforce—after posting a 32% drop in fourth-quarter income, the Wall Street Journal reports. “We were whipsawed in the fourth quarter,” said CEO Jim Owens. “Key industries were hit by a rapidly deteriorating global economy.”... More »

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layoffs • construction • earnings reports • unemployment • Caterpillar • corporate earnings • infrastructure • job cuts • financial crisis

 Microsoft to Ax 5K Jobs 


Jan 22, 09 9:20 AM CST
(Newser) - Microsoft surprised the street today by releasing its earnings early, and they weren’t pretty. The software giant’s revenues inched up only 2%, below earlier guidance, and its net income dropped 11%. More alarming, the company said it was slashing 5,000 jobs, starting with 1,400 today, which... More »

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Microsoft • layoffs • earnings reports • corporate earnings • job cuts

 After Turbulent 
 Year, Airlines See 
 Smoother 2009 

Falling fuel prices and capacity better in line with demand will help profits

Jan 21, 09 9:53 AM CST
(Newser) - The nation’s airlines—which scrambled to retask fleets and ground fuel-guzzling aircraft last year as energy prices rose and passenger miles dropped—are likely to have a smoother flight in 2009, reports the Wall Street Journal. Reduced capacity has allowed them to better match supply and demand, and falling... More »

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airline industry • United Airlines • American Airlines • corporate earnings • Southwest Airlines


 What Slump? 
 Big Blue Sees Growth 

IBM had a good Q4 and says its business services and software sales are solid

Jan 21, 09 8:37 AM CST
(Newser) - Strong software and business-services sales—including outsourcing services, a cash cow in the current economy—pushed IBM’s profits up 12% in the fourth quarter and prompted a recession-busting forecast of continued growth for 2009, reports the Wall Street Journal. Although Big Blue's revenue fell in the quarter, its margins... More »

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Google • IBM • Oracle • corporate earnings • Intel Corp • what recession?

MARKET Open

 Stocks Edge Down 
 Ahead of Earnings 

Dow off 50 in early trading; first reports due late today

Jan 12, 09 9:04 AM CST
(Newser) - Stocks moved lower at today’s open as traders held their collective breath ahead of what’s expected to be a dismal earning season, the Wall Street Journal reports. The Dow was down 50 points recently, to 8,548, while the S&P and Nasdaq dipped 0.95% and 0.... More »

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stock market • Citigroup • Alcoa • Morgan Stanley • Nasdaq • corporate earnings • Dow • S&P 500 • Smith Barney • oil prices • Abbott Laboratories

MARKET Open

 Bears Reign in Early Trading 

Dow down triple digits again

Nov 11, 08 8:57 AM CST
(Newser) - Stocks were trudging downward again this morning, as investors turned a pessimistic eye towards upcoming earnings reports. The Dow was off 217 points a half-hour into the session, while the Nasdaq and S&P traced 33- and 20-point declines of their own. Those declines mirrored moves overseas, with European benchmarks... More »

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stock market • Starbucks • Goldman Sachs • Dow Jones • corporate earnings • Toll Brothers

MARKETS

 Stocks Rise Despite Job Woes 

But a modest hit

Oct 23, 08 8:58 AM CDT
(Newser) - Stocks got a modest bump at the opening bell today despite an ugly job report, as mixed earnings clouded the waters. The Dow rose 69 points, while the S&P and Nasdaq rose 0.7% and 0.5% respectively. Jobless claims took an unexpected spike last week, and the More »

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stock market • Dow Jones • corporate earnings • markets • third quarter earnings

MARKET opener

 Sour Earnings Sink Stocks 

Recession fears keep bears growling

Oct 22, 08 8:51 AM CDT
(Newser) - Recession fears kept bears roaring today, as the Dow shed 230 points at the open on a spate of lousy third-quarter results. Wachovia posted a staggering $23.9 billion loss to lead a group of five gloomy blue chip reports, the Wall Street Journal reports. “We’ve seen... More »

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stock market • Dow Jones • Wachovia • Apple • recession • corporate earnings • markets • third quarter earnings • financial crisis

Wachovia Takes Massive
$23.9B 3rd Quarter Loss

Writedowns lead to $11.18 per share loss; Wells Fargo says merger on track

Oct 22, 08 8:40 AM CDT
(Newser) - Wachovia reported losses of $23.9 billion in the third quarter, a whopping hit of $11.18 per share that blew by analysts’ estimates of a 2-cent-per-share loss, reports Bloomberg. But Wachovia’s loss—virtually all tied to mortgages or mortgage-related securities—may be Wells Fargo’s gain. More »

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Wachovia • corporate earnings • writedowns • Wells Fargo & Co • financial crisis

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