Reuters - Investment bank Lehman Brothers
Holdings Inc posted a quarterly loss of $2.8 billion on
Monday, matching its forecast, after recording massive trading
and hedging losses.
AP - Adobe Systems Inc. reported Monday its profit rose 41 percent in the second quarter because of strong sales and booming demand in international markets. -- read full article
Reuters - U.S. design software maker Adobe Systems
Inc issued a revenue outlook that disappointed some
investors on Monday, sending its shares down 2.6 percent.
Reuters - Investment bank Lehman Brothers
Holdings Inc posted a quarterly loss of $2.8 billion on
Monday, matching its forecast, after recording massive trading
and hedging losses.
AP - Lehman Brothers Holdings Inc. posted a nearly $3 billion loss Monday, after the nation's fourth-largest investment bank was hurt by wrong-way hedging and trading positions.
Reuters - Wall Street analysts have forecast a
huge drop in second-quarter earnings for Goldman Sachs Group
Inc and Morgan Stanley , while Lehman Brothers
Holdings Inc is expected to post its first-ever
quarterly loss, mainly on hedging losses.
Reuters - Investors can expect more volatility in
the stock of once rock-solid General Electric Co , at
least until the company reassures Wall Street with a few solid
earnings reports. -- read full article
AP - Thornburg Mortgage Inc. said Thursday it swung to a $3.31 billion loss in the first quarter, and expects loan delinquencies to continue to increase "modestly" for the rest of the year. -- read full article
AP - Thornburg Mortgage Inc. said Thursday it swung to a $3.31 billion loss in the first quarter, and expects loan delinquencies to continue to increase "modestly" for the rest of the year. -- read full article
AFP - Royal Bank of Scotland said on Wednesday that its earnings were forecast to remain "satisfactory" excluding write-downs connected to the global credit crunch.
AP - AT&T Inc.'s profits for the next two years will take a hit as it subsidizes the new low price of the latest iPhones, the company said Monday. -- read full article
Reuters - Krispy Kreme Doughnuts Inc posted a
profit for the first quarter as the doughnut shop chain's
turnaround efforts helped in trimming costs, sending its shares
up more than 8 percent.
Reuters - Smithfield Foods Inc. posted
sharply lower quarterly profit on Thursday as losses in its hog
unit, due in part to high feed prices, outweighed better
results in its meat operations, which include Armour and
Eckrich brands. -- read full article
Reuters - Del Monte Foods Co on
Wednesday posted higher quarterly profit, as price increases
helped offset rising commodity costs. -- read full article
AP - Liquor producer Brown-Forman Corp. says its fourth-quarter profit rose 48 percent partly on the strength of higher demand for its flagship Jack Daniel's Tennessee Whiskey and Finlandia vodka. -- read full article
