TechWeb - InformationWeek - National Music Publishers Association fights for legislation that protects copyrights, tries to make sure songwriters get fair royalties, and sues infringers. -- read full article
AP - Winnebago Industries Inc. said Friday its third quarter profit skidded 73 percent as high gas prices, tighter credit and a soft economy drive motor homes sales lower industrywide.
AP - Circuit City Stores Inc. said Thursday its loss widened in the first quarter because of a more than 11 percent drop in sales at established stores.
Reuters - Circuit City Stores reported a
bigger quarterly loss on Thursday as sales fell, and the
consumer electronics chain said it had suspended its dividend
to save cash, sending its shares down about 3 percent. -- read full article
AP - Cruise operator Carnival Corp. said Thursday its second-quarter earnings were nearly the same as a year ago as soaring fuel costs offset strong revenue growth. The company also lowered its guidance for the year. -- read full article
AP - Circuit City Stores Inc. said Thursday its loss widened in the first quarter because of a more than 11 percent drop in sales at established stores.
AP - FedEx Corp. reported a fourth-quarter loss Wednesday and offered a gloomy outlook as it wrestles with a slumping U.S. economy beset by soaring fuel costs and falling prices for homes. -- read full article
Reuters - Wall Street analysts raised their fiscal 2008
earnings estimates for Goldman Sachs Group Inc on
Wednesday, a day after the investment bank posted
second-quarter results that exceeded expectations.
Reuters - General Mills Inc said on
Wednesday it expects earnings for the recently ended fiscal
year to beat expectations after a 13 percent sales gain in the
fourth quarter, and its shares rose 3 percent.
AP - Morgan Stanley on Wednesday said fallout from the credit crisis caused a 61 percent slide in quarterly profit, an amount that would have been steeper if the investment bank didn't sell about $1.4 billion of assets.
AFP - German sports car maker Porsche confirmed Wednesday its earnings targets for its current fiscal year despite slowing economic conditions and uncertainty over its mooted Volkswagen takeover.
AP - FedEx Corp. reported a fourth-quarter loss Wednesday and offered a gloomy outlook as it wrestles with a slumping U.S. economy beset by soaring fuel costs and falling prices for homes.
Reuters - Morgan Stanley on Wednesday
said quarterly earnings dropped by more than 50 percent on
trading losses and a slowdown in investment banking, even after
the investment bank realized $1.43 billion of pretax gains from
asset sales.
Reuters - Package delivery company FedEx
Corp posted a quarterly loss on Wednesday due to high
fuel prices, a weak U.S. economy and a previously announced
write-down, and issued a weak forecast for fiscal 2009.
