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    Corporate Earnings Headlines
    Analysts see much higher 2008 loss for Merrill (Reuters)
    Reuters - Wall Street analysts widened their 2008 loss estimates for Merrill Lynch & Co on Friday, a day after the investment bank posted a quarterly loss much bigger than market expectations and unveiled plans to sell assets to shore up capital. -- read full article
    Fri, 18 Jul 2008 16:41:10 GMT - Yahoo! News: Earnings News
    Sony Ericsson profit tumbles, plans to cut 2K jobs (AP)
    AP - Mobile phone maker Sony Ericsson on Friday posted a 97 percent drop in second-quarter earnings and said it would slash 2,000 jobs worldwide in a move to cut costs. -- read full article
    Fri, 18 Jul 2008 16:41:56 GMT - Yahoo! News: Earnings News
    A look at Mattel 2nd-quarter sales by division (AP)
    AP - Toy maker Mattel Inc. said Friday that second-quarter sales rose 11 percent to $1.11 billion, with a strong showing from items related to summer movies like "Kung Fu Panda" and the latest Batman film. International sales rose 15 percent, mainly coming from the effect of the weaker dollar, while U.S. sales rose 3 percent. -- read full article
    Fri, 18 Jul 2008 17:35:24 GMT - Yahoo! News: Earnings News
    Sony Ericsson cuts 2,000 jobs as earnings plummet (AFP)

    People wait at mobile phone giant Sony Ericsson's booth during the CeBIT information and telecommunication technology fair. Mobile phone maker Sony Ericsson announced Friday it was cutting 2,000 jobs worldwide after reporting an operating loss in the second quarter due to difficult market conditions and the global economic slowdown.(AFP/File/John Macdougall)AFP - Mobile phone maker Sony Ericsson announced Friday it was cutting 2,000 jobs worldwide after reporting an operating loss in the second quarter due to difficult market conditions and the global economic slowdown.


    -- read full article
    Fri, 18 Jul 2008 17:41:24 GMT - Yahoo! News: Earnings News
    Wall Street mixed after earnings reports (AP)

    Frank Cannarozzo, a trader with B & B Securities, talks on a traders phone as he works during early trading at the New York Stock Exchange, Thursday July17, 2008. The Dow Jones industrial average rose more than 100 points after Wall Street extended its rally into a second session. (AP Photos/Bebeto Matthews)AP - Wall Street was mixed Friday as disappointing earnings from technology companies like Google Inc. and Microsoft Corp. offset upbeat results from Citigroup Inc.


    -- read full article
    Fri, 18 Jul 2008 18:50:29 GMT - Yahoo! News: Earnings News
    Treasury prices edge lower as stocks rise (AP)
    AP - Treasury prices fell sharply Thursday as several upbeat earnings reports, falling energy prices and an unexpected jump in housing starts alleviated some of investors' concerns about the economy. -- read full article
    Thu, 17 Jul 2008 21:11:26 GMT - Yahoo! News: Earnings News
    Capital One second quarter results fall 40 percent (Reuters)
    Reuters - Capital One Financial Corp, a credit card issuer and bank, said on Thursday that second quarter earnings fell 40 percent, as the company set aside more money for loan losses. -- read full article
    Thu, 17 Jul 2008 21:35:04 GMT - Yahoo! News: Earnings News
    JPMorgan bests forecasts but sees US credit worsen (AP)

    Chairman of the Board and CEO of JPMorgan Chase Inc. James Dimon speaks at the Federal Deposit Insurance Corporation forum on mortgage lending for low and moderate-income households at the L. William Seidman Center in Arlington, Virginia, July 8, 2008. (Larry Downing/Reuters)AP - The banking sector looked a little brighter for a second straight day Thursday after JPMorgan Chase & Co. reported better-than-expected results despite a spike in mortgage and other loan defaults.


    -- read full article
    Thu, 17 Jul 2008 21:36:45 GMT - Yahoo! News: Earnings News
    Safeway 2Q profit rises, shares tumble on outlook (AP)
    AP - Higher gas sales and a boost from its more upscale stores helped grocer Safeway Inc. post slightly higher second-quarter earnings Thursday, but a downbeat outlook because of consumers cutting back sent its shares tumbling more than 10 percent. -- read full article
    Thu, 17 Jul 2008 21:45:51 GMT - Yahoo! News: Earnings News
    Media General swings to 2Q loss, sees $500M charge (AP)
    AP - Media General Inc. swung to a loss in the second-quarter on severance costs and lower ad revenue and expects to take an additional charge of up to $550 million to write down the value of its intangible assets. -- read full article
    Thu, 17 Jul 2008 21:47:45 GMT - Yahoo! News: Earnings News
    Summary Box: AMD changes CEO amid struggles (AP)
    AP - COMMAND CHANGE: Hector Ruiz, 62, is done as CEO at chip maker Advanced Micro Devices Inc. after six turbulent years. He now is executive chairman. -- read full article
    Thu, 17 Jul 2008 23:05:33 GMT - Yahoo! News: Earnings News
    Coca-Cola drinkers to pay more after Labor Day (AP)
    AP - Drinkers of Coca-Cola can expect to pay more starting this fall after the company's biggest bottler said Thursday that it would raise prices. -- read full article
    Thu, 17 Jul 2008 23:09:07 GMT - Yahoo! News: Earnings News
    Mainframe Sales, Strong Overseas Market Buoy IBM Earnings (PC World)
    PC World - IBM reported strong second-quarter earnings Thursday, beating analyst expectations and buoyed in part by sales of its new... -- read full article
    Thu, 17 Jul 2008 23:20:15 GMT - Yahoo! News: Earnings News
    Google earnings disappoint and shares drop 8 percent (Reuters)

    Visitors stand in front of Google logos at a fair in 2007. Google's second-quarter profit rose 35 percent from a year ago to 1.25 billion dollars, led by strong growth outside the US market in online advertising operations, the Internet giant said Thursday.(AFP/DDP/File/Martin Oeser)Reuters - Google Inc reported a weaker-than-expected 35 percent rise in net profit as the company blamed lower returns from managing its huge cash pile rather than softening sales of online advertising.


    -- read full article
    Fri, 18 Jul 2008 00:02:13 GMT - Yahoo! News: Earnings News
    Summary box: Google gives give new reason to worry (AP)

    Visitors stand in front of Google logos at a fair in 2007. Google's second-quarter profit rose 35 percent from a year ago to 1.25 billion dollars, led by strong growth outside the US market in online advertising operations, the Internet giant said Thursday.(AFP/DDP/File/Martin Oeser)AP - RED FLAG: Although its growth rate remains impressive, Google's earnings missed analyst estimates and CEO Eric Schmidt acknowledged the economic climate is "challenging."


    -- read full article
    Fri, 18 Jul 2008 00:23:50 GMT - Yahoo! News: Earnings News
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