AP - VeriSign Inc.'s second-quarter loss widened as the Internet infrastructure company absorbed the costs of a sweeping reorganization. -- read full article
AP - Educational software company Blackboard Inc. said Wednesday its second-quarter profit declined even as sales grew, as expenses increased. -- read full article
AP - Mobile phone designer Cogo Group Inc. posted a 27 percent increase in second-quarter profit Wednesday, matching analyst estimates despite weakening demand in its home market of China. -- read full article
Reuters - Avis Budget Group Inc , a provider of
vehicle rental services, posted a better-than-expected
quarterly profit and said it was cutting jobs and reducing its
fleet size to tackle the challenging travel environment,
sending its shares up as much as 9 percent.
Reuters - American International Group Inc
posted its third consecutive quarterly net loss of more
than $5 billion on Wednesday as it wrote down bad
mortgage-related investments, sending its shares down almost 8
percent.
AP - American International Group Inc. posted its third straight quarterly loss, a rude awakening to investors hoping that troubles in the insurer's mortgage market investments were starting to level off. -- read full article
AP - Toyota's fiscal first-quarter profit plunged 28 percent from the previous year as slipping North American sales, a strong yen and rising material costs dented the earnings of the Japanese automaker.
AFP - Austrian oil and gas giant OMV reported on Wednesday a record net profit of 1.13 billion euros (1.748 billion dollars) in the first half of 2008, up 52 percent from the equivalent figure last year as oil prices remained high despite a weak dollar.
Reuters - Ambac Financial Group , a bond
insurer, said on Wednesday that second-quarter earnings rose
sharply, helped by valuation gains on credit derivatives.
AP - Reinsurer Munich Re AG said Wednesday the company's second-quarter net profit fell by 47 percent amid market turmoil and asset write-downs of 889 million euros ($1.38 billion). -- read full article
Reuters - Freddie Mac on Wednesday
posted its fourth straight quarterly loss as it braced for a
prolonged housing crisis by setting aside twice as much money
for bad loans and plans to slash its dividend by at least 80
percent.
AP - French bank BNP Paribas said Wednesday profit and revenue fell for the third consecutive quarter as the global financial crisis continued to weigh on earnings. -- read full article
Reuters - Time Warner Inc said it would split
AOL's dial-up Internet and advertising businesses into separate
divisions by early 2009, a move that could ease a sale or
merger of either business.
AP - Sprint Nextel Corp., the nation's third-largest wireless carrier, said Wednesday it swung to a second-quarter loss on severance and other charges but still beat Wall Street expectations.
