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    Corporate Earnings Headlines
    BA earnings rise sharply despite soaring fuel costs (AFP)

    British Airways has said its annual net profit more than doubled as it cut costs to help offset record high fuel prices.(AFP/File/Adrian Dennis)AFP - British Airways said Friday that its annual net profit more than doubled as it cut costs to help offset record high fuel prices while the group offered its first dividend in seven years.


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    Fri, 16 May 2008 11:00:55 GMT - Yahoo! News: Earnings News
    EADS returns to profit, sees need for more cost cutting (AFP)

    The EADS logo. Aerospace group EADS, hit by fresh setbacks at plane-making unit Airbus, has reported a robust return to profit and said it hoped to save 750 million euros this year to counter the rise of the euro.(DDP/AFP/File/Clemens Bilan)AFP - Aerospace group EADS, hit by fresh setbacks at plane-making unit Airbus, reported a robust return to profit Wednesday and said it hoped to save 750 million euros this year to counter the rise of the euro.


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    Wed, 14 May 2008 15:09:03 GMT - Yahoo! News: Earnings News
    Deere quarterly profit rises 22 percent (Reuters)

    A John Deere riding mower is seen in an undated handout photo. (PRNewsFoto/John Deere/Reuters)Reuters - Deere & Co reported higher quarterly earnings on Wednesday as soaring crop prices boosted global demand for its agricultural equipment.


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    Wed, 14 May 2008 11:24:00 GMT - Yahoo! News: Earnings News
    Sony posts Q4 loss, sees growth in TVs, games (Reuters)

    An employee walks near a Sony liquid crystal display (LCD) television at a showroom in Tokyo in this March 4, 2008 file photo. (Toru Hanai/Reuters)Reuters - Sony Corp (6758.T) posted a surprise quarterly loss on Wednesday after a weak stock market ate into the value of securities held by its financial arm, but forecast a bigger-than-expected profit this year.


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    Wed, 14 May 2008 15:39:43 GMT - Yahoo! News: Earnings News
    Macy's affirms full-year forecast (Reuters)

    Shoppers walk through Macy's department store in New York November 20, 2007. (Lucas Jackson/Reuters)Reuters - Macy's Inc reported a quarterly loss on Wednesday, hurt by restructuring costs and falling sales, but the department store operator stood by its full-year earnings forecast and its shares rose as much as 8 percent.


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    Wed, 14 May 2008 16:27:12 GMT - Yahoo! News: Earnings News
    Sony has 4Q profit, but expects decline this year (AP)

    People walk by a corporate sign of Sony Corp. in Tokyo, Japan, Wednesday, May 14, 2008. Sony marked a strong recovery in the fiscal year through March, nearly tripling profit to a record, on reduced losses in its PlayStation 3 video game business and strong sales of flat panel TVs and digital cameras. (AP Photo/Shizuo Kambayashi)AP - Sony punctuated its recovery by swinging to a profit for the January-March quarter from a loss a year ago on its way to a record performance for the fiscal year as it reduced losses from its PlayStation 3 video game business.


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    Wed, 14 May 2008 14:15:15 GMT - Yahoo! News: Earnings News
    EADS returns to 1Q profit with deliveries up (AP)
    AP - Airbus parent EADS said Wednesday it returned to profit in the first quarter as the planemaker increased deliveries and cut costs, helping offset the weaker dollar. -- read full article
    Wed, 14 May 2008 17:09:28 GMT - Yahoo! News: Earnings News
    Macy's reports loss on weak sales, restructuring (AP)

    Shoppers enter Macy's Herald Square store on Wednesday, May 14, 2008 in New York. Macy's Inc. reported a $59 million first-quarter loss Wednesday because of lower sales and the costs of consolidation, which the company said should start paying off next year. (AP Photo/Mark Lennihan)AP - Despite a $59 million loss and a slump in sales in the first quarter, Macy's Inc. on Wednesday posted results that beat Wall Street expectations because of what analysts said were tight controls on expenses and inventories.


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    Wed, 14 May 2008 20:56:14 GMT - Yahoo! News: Earnings News
    Deere 2Q profit rises, but warns of cost trouble ahead (AP)

    Central Illinois corn and soybean farmer Roy Cook walks back to his John Deere tractor on the Grigsby farm in Tallula, Ill., Friday, April 25, 2008. Deere & Co., the world's biggest maker of farm machinery, said Wednesday, May 14, 2008, its second-quarter profit rose 22 percent, propelled by lofty crop prices that stoked global demand for its farm equipment despite a faltering U.S. economy. (AP Photo/Seth Perlman)AP - Deere & Co., the world's biggest maker of farm machinery, said Wednesday its second-quarter profit rose 22 percent, propelled by lofty crop prices that stoked global demand for its farm equipment despite a faltering U.S. economy.


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    Wed, 14 May 2008 22:12:14 GMT - Yahoo! News: Earnings News
    Accounting changes help Freddie Mac 1Q beat views (AP)

    In this Nov. 29, 2007 file photo, Richard Syron, chairman and CEO of Freddie Mac, talks about the sub-prime lending crisis and its effect on the housing market in Boston. Mortgage finance company Freddie Mac's first quarter loss widened to $151 million Wednesday, May 14, 2008, as the U.S. housing market worsened, though the results were not as poor as expected. (AP Photo/Stephan Savoia, file)AP - Freddie Mac beat Wall Street's expectations in the first quarter, but the mortgage finance company didn't vanquish concerns about its ability to weather the housing bust.


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    Thu, 15 May 2008 01:24:23 GMT - Yahoo! News: Earnings News
    SABMiller tops up profit, will offset rising costs (Reuters)

    A SABMiller beer tap is seen in a publicity photo. (Vismedia/Reuters)Reuters - SABMiller , the world's biggest brewer, beat forecasts with a 19 percent rise in annual earnings on Thursday and said it expects to raise beer prices to offset soaring commodity costs, sending its shares higher.


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    Thu, 15 May 2008 09:22:23 GMT - Yahoo! News: Earnings News
    NEC profit climbs on cost cuts, sees growth (Reuters)
    Reuters - NEC Corp, Japan's biggest maker of telecoms network equipment, doubled its quarterly profit, helped by cost cuts and a healthy IT services business, but its outlook for the current year missed expectations. -- read full article
    Thu, 15 May 2008 08:06:30 GMT - Yahoo! News: Earnings News
    Utilities group RWE earnings fall sharply (AFP)

    RWE headquarters in Essen, 2006. Net profit at German utilities group RWE fell 48.5 percent in the first quarter on a writedown for its US unit American Water, regulatory measures and the weak pound(AFP/DDP/File/Volker Hartmann)AFP - Net profit at German utilities group RWE fell 48.5 percent in the first quarter on a writedown for its US unit American Water, regulatory measures and the weak pound, figures showed on Thursday.


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    Thu, 15 May 2008 08:47:03 GMT - Yahoo! News: Earnings News
    Electronics maker NEC's profit more than doubles (AP)

    People walk past a corporate logo of NEC Corp. in Tokyo Thursday, May 15, 2008. NEC's profit for the fiscal year through March more than doubled on year as the Japanese electronics maker's mobile and computer-chip businesses swung into profit. (AP Photo/Koji Sasahara)AP - NEC Corp.'s profit for the fiscal year through March more than doubled from the previous year as the Japanese electronics maker's mobile phone and computer-chip businesses swung to profit.


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    Thu, 15 May 2008 09:04:50 GMT - Yahoo! News: Earnings News
    Sony shares rise in Tokyo after upbeat earnings (AP)

    Visitors watch the Sony Corp.'s Bravia flat panel TV sets on display at a Tokyo store, Japan, Wednesday, May 14, 2008. Sony marked a strong recovery in the fiscal year through March, nearly tripling profit to a record, on reduced losses in its PlayStation 3 video game business and strong sales of flat panel TVs and digital cameras. (AP Photo/Shizuo Kambayashi)AP - Sony shares jumped nearly 9 percent in Thursday trading in Tokyo, a day after the Japanese electronics and entertainment company released upbeat earnings that included a record fiscal year profit.


    -- read full article
    Thu, 15 May 2008 09:07:18 GMT - Yahoo! News: Earnings News
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