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    Corporate Earnings Headlines
    Price hikes boost Reynolds American's 2Q profit (AP)
    AP - Reynolds American Inc., the nation's second-biggest tobacco maker, said Wednesday that its second-quarter profit rose nearly 13 percent as price increases more than made up for a decline in domestic cigarette demand. -- read full article
    Wed, 30 Jul 2008 21:28:54 GMT - Yahoo! News: Earnings News
    Avon Products 2nd-quarter profit more than doubles (AP)
    AP - Strong sales internationally, especially in Latin America and Eastern Europe, helped Avon Products Inc. more than double its second-quarter profit, the cosmetics company said Wednesday. Its shares surged more than 17 percent. -- read full article
    Wed, 30 Jul 2008 21:29:23 GMT - Yahoo! News: Earnings News
    Office supply retailers struggle in North America (AP)

    Office Depot customer buys paper at Office Depot in Mountain View, Calif., Tuesday, July 29, 2008. Office-supply retailer Office Depot Inc. says it lost $2 million in the second quarter and cited weak demand in North America. (AP Photo/Paul Sakuma)AP - Office supply retailers felt no relief from the pinch of weaker spending by consumers and small businesses, with both Office Depot and OfficeMax citing the struggling economy as they reported losses for the second quarter.


    -- read full article
    Wed, 30 Jul 2008 21:36:12 GMT - Yahoo! News: Earnings News
    Akamai 2Q profit jumps, but sales miss Street view (AP)
    AP - Web content delivery company Akamai Technologies Inc. said Wednesday its second-quarter profit jumped 59 percent, but sales fell short of Wall Street's expectations, sending shares down sharply. -- read full article
    Wed, 30 Jul 2008 22:06:03 GMT - Yahoo! News: Earnings News
    Starbucks swings to loss on store closure costs (AP)

    People walk past a Starbucks store in New York, July 3, 2008. (Chip East/Reuters)AP - Coffee chain Starbucks Corp., which is closing stores and cutting office jobs amid weak sales in the U.S., posted a loss for its third quarter on Wednesday, lowered its outlook for the year and said it would open fewer new locations.


    -- read full article
    Wed, 30 Jul 2008 22:39:55 GMT - Yahoo! News: Earnings News
    First Solar Q2 net soars past view, shares rise (Reuters)

    File photo shows a view of a solar house village in Kwangju, about 320 km (200 miles) south of Seoul, February 1, 2007. (An Hyun-ju/Reuters)Reuters - Solar cell maker First Solar Inc reported a 57 percent increase in quarterly profit on Wednesday, blowing past Wall Street estimates as higher-than-expected production from a new plant in Malaysia helped it meet surging demand.


    -- read full article
    Wed, 30 Jul 2008 22:42:15 GMT - Yahoo! News: Earnings News
    Visa quarterly earnings rise 41 percent (Reuters)

    Gold and platinum Visa cards are displayed in New York March 18, 2008. (Chip East/Reuters)Reuters - Visa Inc , the world's largest credit card network, said on Wednesday that quarterly earnings rose 41 percent, beating estimates, as credit and debit card processing volume jumped globally.


    -- read full article
    Wed, 30 Jul 2008 23:21:31 GMT - Yahoo! News: Earnings News
    Starbucks posts first loss, backs '09 profit target (Reuters)

    People walk past a Starbucks store in New York, July 3, 2008. (Chip East/Reuters)Reuters - Starbucks Corp posted its first quarterly loss as a public company on Wednesday and said its U.S. coffee chain would shrink in the year ahead, but investors stunned by months of uncertainty sent shares up 4 percent as it stuck by its profit target for 2009.


    -- read full article
    Thu, 31 Jul 2008 01:35:49 GMT - Yahoo! News: Earnings News
    SKorea's Hynix swings to net loss in 2nd quarter (AP)
    AP - Hynix Semiconductor said Thursday it swung to a second-quarter net loss from the same period last year on costs to close a U.S. factory. Sales also fell. -- read full article
    Thu, 31 Jul 2008 04:00:25 GMT - Yahoo! News: Earnings News
    Nintendo Q1 profit up 32 pct on Wii; DS sales dip (Reuters)

    A woman demonstrates an interactive hula hoop game on Nintendo's Wii Fit, a new interactive fitness game for Wii system, during the product launch in New York, May 19, 2008. (Shannon Stapleton/Reuters)Reuters - Nintendo Co Ltd's (7974.OS) quarterly profit rose 31.5 percent on the runaway success of its Wii game console, but the Japanese video game maker kept its annual outlook well short of market expectations.


    -- read full article
    Wed, 30 Jul 2008 09:26:19 GMT - Yahoo! News: Earnings News
    ArcelorMittal 2Q profit more than doubles (AP)
    AP - ArcelorMittal SA, the world's largest steelmaker, said Wednesaday its second-quarter profit more than doubled as it increased steel prices to defray higher costs for energy and iron ore. -- read full article
    Wed, 30 Jul 2008 10:58:11 GMT - Yahoo! News: Earnings News
    Garmin cuts '08 outlook, delays nuvifone (Reuters)

    A Garmin nuvi 880 gps device is seen in an undated handout photo. (Garmin/Handout/Reuters)Reuters - Garmin Ltd slashed its profit and revenue forecasts for 2008, hurt by slower growth in the personal navigation devices (PND) market, and delayed the launch of its smartphone, sending its shares down 13 percent.


    -- read full article
    Wed, 30 Jul 2008 14:02:34 GMT - Yahoo! News: Earnings News
    EADS 2Q profit up 46 percent on cost savings (AP)
    AP - EADS, the parent company of planemaker Airbus, said Wednesday its profit surged in the second quarter as cost savings and higher deliveries offset a big charge for delays to its groundbreaking A380 jumbo jet and further woes from the falling dollar. -- read full article
    Wed, 30 Jul 2008 12:05:40 GMT - Yahoo! News: Earnings News
    Nintendo reports jump in 1Q profit on hit Wii (AP)

    A seventh-grader at Tokyo Joshi Gakuen all-girl junior high school gets a response to her answer and is advised to do it again on a screen of Nintendo DS game console during an English class in Tokyo, Thursday, June 26, 2008 as the portable video game machine is used as a key teaching tool at the school. Nintendo Co., the Japanese maker of Pokemon and Super Mario video games, said Wednesday, July 30, 2008 its profit for the first fiscal quarter rose 34 percent from a year ago as sales of its hit Wii video game consoles shot up. (AP Photo/Katsumi Kasahara)AP - Nintendo Co.'s profit for the fiscal first quarter surged 34 percent as sales of its hit Wii console shot up, underlining the success of the video game unit in attracting novice players.


    -- read full article
    Wed, 30 Jul 2008 13:04:30 GMT - Yahoo! News: Earnings News
    Moody's profit tumbles, to be sued by Connecticut (Reuters)
    Reuters - Moody's Corp , the parent of Moody's Investors Service, said quarterly profit fell 48 percent, as the global credit crisis caused demand to shrink for mortgage bonds and collateralized debt obligations. -- read full article
    Wed, 30 Jul 2008 14:36:54 GMT - Yahoo! News: Earnings News
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