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    Corporate Earnings Headlines
    Lennar 2Q loss narrows; sees worsening conditions (AP)

    In this June 26, 2007 file photo, the Lennar Corporate Center is shown in Miami. Homebuilder Lennar Corp., said Thursday, June 26, 2008, its fiscal second-quarter loss narrowed, but the company continued to struggle through the housing market doldrums, posting a 61 percent drop in revenue and taking hefty charges to write down land values and deposits. (AP Photo/Wilfredo Lee, file)AP - Homebuilder Lennar Corp. said Thursday it managed to narrow its second-quarter loss, but CEO Stuart Miller gave a dour outlook for the industry, saying the housing market has yet to hit bottom and ruling out the prospects of a recovery this year.


    -- read full article
    Thu, 26 Jun 2008 20:48:50 GMT - Yahoo! News: Earnings News
    Discover's profit rises on higher card use (AP)
    AP - Discover posted a healthier quarterly profit Thursday than Wall Street expected — no thanks to the lending business, however. -- read full article
    Thu, 26 Jun 2008 21:06:22 GMT - Yahoo! News: Earnings News
    Oracle throws wet blanket on strong 4Q results (AP)

    In the this Nov. 14, 2007, file photo, Oracle Corp. CEO Larry Ellison speaks during the Oracle Open World conference in San Francisco. The business software maker said Wednesday, June 25, 2008, that it earned $2.04 billion, or 39 cents per share, in the three months ending in May, up 27 percent from $1.6 billion or 31 cents per share at the same time last year. (AP Photo/Paul Sakuma, File)AP - Oracle Corp. finished its fiscal year with an impressive flourish, then pulled out a wet blanket.


    -- read full article
    Thu, 26 Jun 2008 21:11:31 GMT - Yahoo! News: Earnings News
    RIM shares falter on lower-than-expected outlook (AP)
    AP - Smart phone maker Research In Motion Ltd.'s fiscal first-quarter profit and revenue more than doubled, fueled by strong sales of its BlackBerry devices, but the company's forecast for the current period sent its shares down more than 11 percent Thursday. -- read full article
    Thu, 26 Jun 2008 21:13:20 GMT - Yahoo! News: Earnings News
    Rite Aid posts 1Q loss amid acquisition expenses (AP)
    AP - Rite Aid Corp. swung to a big first-quarter loss as it spent heavily to absorb more than 1,850 newly acquired stores and offered promotions on food and toiletries that hurt profits. -- read full article
    Thu, 26 Jun 2008 21:28:48 GMT - Yahoo! News: Earnings News
    Palm swings to 4Q loss as revenue tumbles (AP)
    AP - Treo and Centro smart phone maker Palm Inc. said Thursday it swung to a loss in its fiscal fourth quarter as its revenue declined sharply and fell below Wall Street expectations. -- read full article
    Thu, 26 Jun 2008 21:54:50 GMT - Yahoo! News: Earnings News
    Accenture Posts Higher Quarterly Profit, Ups Outlook (TechWeb)
    TechWeb - InformationWeek - CEO Bill Green said the results showed that its increasingly global business of management consulting and outsourcing was helping it grow despite a challenging environment. -- read full article
    Thu, 26 Jun 2008 23:41:13 GMT - Yahoo! News: Earnings News
    Citigroup sinks to 10-year low, Goldman urges short sale (Reuters)

    Pedestrians walk past a Citibank branch in San Francisco, June 23, 2008. (Robert Galbraith/Reuters)Reuters - Citigroup Inc shares fell to their lowest level in nearly a decade after a Goldman Sachs & Co analyst said investors should sell the largest U.S. bank's stock short as losses mount from troubled debt.


    -- read full article
    Thu, 26 Jun 2008 14:53:05 GMT - Yahoo! News: Earnings News
    ConAgra profit rises, but forecast lags estimates (Reuters)

    A general view of the ConAgra plant in Kansas City, July 2, 2004. (Dave Kaup/Reuters)Reuters - ConAgra Foods Inc on Thursday posted higher quarterly profit, helped by results from the commodities trading and merchandising unit that it sold earlier this week.


    -- read full article
    Thu, 26 Jun 2008 12:27:24 GMT - Yahoo! News: Earnings News
    Oracle throws wet blanket on strong 4Q results (AP)

    In the this Nov. 14, 2007, file photo, Oracle Corp. CEO Larry Ellison speaks during the Oracle Open World conference in San Francisco. The business software maker said Wednesday, June 25, 2008, that it earned $2.04 billion, or 39 cents per share, in the three months ending in May, up 27 percent from $1.6 billion or 31 cents per share at the same time last year. (AP Photo/Paul Sakuma, File)AP - Oracle Corp. finished its fiscal year with an impressive flourish, then pulled out a wet blanket.


    -- read full article
    Thu, 26 Jun 2008 14:19:16 GMT - Yahoo! News: Earnings News
    RIM shares falter on lower-than-expected outlook (AP)
    AP - Smart phone maker Research In Motion Ltd.'s fiscal first-quarter profit and revenue more than doubled, fueled by strong sales of its BlackBerry devices, but the company's forecast for the current period sent its shares down more than 11 percent Thursday. -- read full article
    Thu, 26 Jun 2008 14:26:24 GMT - Yahoo! News: Earnings News
    Lennar 2Q loss narrows; sees worsening conditions (AP)

    In this June 26, 2007 file photo, the Lennar Corporate Center is shown in Miami. Homebuilder Lennar Corp., said Thursday, June 26, 2008, its fiscal second-quarter loss narrowed, but the company continued to struggle through the housing market doldrums, posting a 61 percent drop in revenue and taking hefty charges to write down land values and deposits. (AP Photo/Wilfredo Lee, file)AP - Homebuilder Lennar Corp. said Thursday its fiscal second-quarter loss narrowed, but the company continued to struggle through the housing market doldrums, posting a 61 percent drop in revenue and taking hefty charges to write down land values and deposits.


    -- read full article
    Thu, 26 Jun 2008 16:18:07 GMT - Yahoo! News: Earnings News
    ConAgra profit up 5 pct on trading op results (AP)

    In this March 26, 2008 file photo, ConAgra Foods retail products are pictured at a supermarket in Danvers, Mass. ConAgra Foods Inc. says its fourth-quarter earnings grew 5 percent, Thursday, June 26, 2008,  helped by contributions from the commodity trading unit that the company just sold. (AP Photo/Lisa Poole, file)AP - ConAgra Foods Inc. said Thursday its fourth-quarter earnings grew almost 5 percent, helped by contributions from the commodity trading unit that the company just sold.


    -- read full article
    Thu, 26 Jun 2008 16:54:31 GMT - Yahoo! News: Earnings News
    Rite Aid posts 1Q loss amid acquisition expenses (AP)
    AP - Rite Aid Corp. said Thursday that it swung to a big loss in its first-quarter as it continues to spend heavily to absorb more than 1,850 newly acquired stores and offered promotions on items such as food and toiletries that hurt profit margins. -- read full article
    Thu, 26 Jun 2008 17:52:31 GMT - Yahoo! News: Earnings News
    Discover's profit rises on higher card use (AP)
    AP - Discover posted a healthier quarterly profit Thursday than Wall Street expected — no thanks to the lending business, however. -- read full article
    Thu, 26 Jun 2008 17:53:34 GMT - Yahoo! News: Earnings News
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