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    Corporate Earnings Headlines
    Blockbuster 2Q loss deepens despite sales progress (AP)

    In this May 9, 2008 file photo, a customer holds her membership card outside a Blockbuster video store in Woodmere, Ohio. Blockbuster Inc.'s second-quarter loss deepened Thursday, Aug. 7, 2008, but the struggling movie rental chain showed some signs of progress by wringing more revenue from its stores while lowering its costs. (AP Photo/Amy Sancetta, file)AP - Blockbuster Inc.'s second-quarter loss deepened, but the struggling movie rental chain showed some signs of progress by wringing more revenue from its stores while lowering its costs.


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    Thu, 07 Aug 2008 14:56:09 GMT - Yahoo! News: Earnings News
    Lenovo says quarterly profits up 65 percent (AP)

    In this Aug. 8, 2007, employees prepare computers on display at the Lenovo headquarters in Beijing.  Lenovo Group, the world's fourth-largest PC maker, said Thursday, Aug. 7, 2008, its quarterly profits rose 65 percent as strong sales in China and emerging economies offset weakness in the flagging United States. (AP Photo/Andy Wong, File)AP - Lenovo Group Ltd., the world's No. 4 PC maker, said Thursday its quarterly profit rose 65 percent as strong sales in China and emerging economies offset weakness in the United States.


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    Thu, 07 Aug 2008 15:24:26 GMT - Yahoo! News: Earnings News
    Nestle's 1H profits up 6.1 percent (AP)

    In this Feb. 22, 2007 file photo, journalists are seen at Nestle's headquarters in Vevey, Switzerland. Nestle SA, the worlds biggest food and drink company, reported a 6.1 percent growth in first-half net profits Thursday despite rising transport and raw materials costs and slowing bottled water sales amid criticism from environmentalists. Nestle said it earned 5.21 billion Swiss francs (US$4.93 billion) during the first six months of the year, an increase of 298 million francs (US$282 million) on the same period in 2007. (AP Photo/Keystone, Laurent Gillieron, File)AP - Nestle SA, the worlds biggest food and drink company, reported 6.1 percent growth in first-half net profit Thursday despite rising transport and raw materials costs and slowing bottled water sales amid criticism from environmentalists.


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    Thu, 07 Aug 2008 16:39:45 GMT - Yahoo! News: Earnings News
    Toyota 1Q profit falls on US weakness, strong yen (AP)

    In this July 27, 2008 file photo, unsold 4Runners sit at a Toyota dealership in the southeast Denver suburb of Centennial, Colo.  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.  Toyota reported Thursday, Aug. 7, 2008,  that its April-June profit fell to 353.66 billion yen (US$3.23 billion) from nearly 492 billion the same period the previous year. Quarterly sales edged down 4.7 percent to 6.215 trillion yen (US$56.8 billion).    (AP Photo/David Zalubowski, File)AP - Toyota said Thursday that its fiscal first-quarter profit plummeted 28 percent and stuck to its forecast that full-year profit with fall for the first time in seven years as it faces more problems from the weakening U.S. market.


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    Thu, 07 Aug 2008 17:13:24 GMT - Yahoo! News: Earnings News
    Vonage's subscriber growth grinds to a halt (AP)
    AP - Vonage Holdings Corp.'s subscriber growth nearly ground to a halt in the second quarter, as the Internet telephone company said Thursday it gained just 2,000 lines in the period. -- read full article
    Thu, 07 Aug 2008 18:43:03 GMT - Yahoo! News: Earnings News
    Freddie posts 4th straight quarterly loss and slashes dividend (Reuters)

    The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)Reuters - Freddie Mac , one of the major players in the U.S. mortgage market, on Wednesday posted its fourth straight quarterly loss as it braced for a prolonged housing market slump by setting aside twice as much money for bad loans and cutting its dividend by at least 80 percent.


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    Wed, 06 Aug 2008 21:29:05 GMT - Yahoo! News: Earnings News
    Time Warner to split AOL in two, beats estimates (Reuters)

    People walk in front of the Time Warner Inc. headquarters building at Columbus Circle in New York October 13, 2005. (Nicholas Roberts/Reuters)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 make a sale or merger of either business easier.


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    Wed, 06 Aug 2008 19:19:48 GMT - Yahoo! News: Earnings News
    Blackstone posts loss, financing still difficult (Reuters)

    Stephen Schwarzman, Chairman, CEO and Co-Founder of the Blackstone Group, attends a conference on Sovereign Wealth Funds at the Asia Society in New York April 14, 2008. (Shannon Stapleton/Reuters)Reuters - Blackstone Group LP posted a second-quarter loss as tight credit markets curtailed buyouts, but the private equity firm said on Wednesday the choppy economic environment offered some investment opportunities.


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    Wed, 06 Aug 2008 20:22:26 GMT - Yahoo! News: Earnings News
    Freddie Mac swings to 2Q loss (AP)

    A common sight these days where auctions, bank owned homes, foreclosures, and unfinished housing developments dot the housing landscape like this home Wednesday, July 30, 2008, in Phoenix. Freddie Mac on Wednesday, Aug. 6, posted a second-quarter loss more than three-times larger than Wall Street expected as more homeowners fell behind on their mortgages. (AP Photo/Ross D. Franklin)AP - Freddie Mac on Wednesday posted a second-quarter loss that was more than three-times larger than Wall Street expected as a huge number of borrowers with good credit fell behind on their exotic and risky mortgages.


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    Wed, 06 Aug 2008 20:26:41 GMT - Yahoo! News: Earnings News
    Sprint Nextel reports 2Q loss, stock slides (AP)

    In this Feb. 28, 2008 file photo, a customer is helped at a Sprint phone store in Murray, Utah. Sprint Nextel Corp., the nation's third-largest wireless carrier, said Wednesday, Aug. 6, 2008, it swung to a second-quarter loss on severance and other charges but still beat Wall Street expectations and said it had slowed customer defections.  (AP Photo/Douglas C. Pizac, file)AP - Sprint Nextel Corp.'s up-and-down road to recovery continued Wednesday as the company reported adjusted second-quarter results that beat Wall Street expectations as well as a slower loss of subscribers.


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    Wed, 06 Aug 2008 20:58:07 GMT - Yahoo! News: Earnings News
    Time Warner 2Q net drops 26 percent (AP)
    AP - Time Warner Inc.'s second-quarter earnings fell 26 percent on declining subscriber fees at its AOL online unit and lower ad revenue at the Time publishing business, the media conglomerate said Wednesday. -- read full article
    Wed, 06 Aug 2008 21:02:27 GMT - Yahoo! News: Earnings News
    Caliper loss widens in second quarter (AP)
    AP - Caliper Life Sciences Inc. said Wednesday its second-quarter loss widened on lower licensing revenue from its drug-development software programs. -- read full article
    Wed, 06 Aug 2008 21:15:27 GMT - Yahoo! News: Earnings News
    Allianz abandons profit goal as Dresdner slumps (Reuters)

    Chairman of the Management Board of German insurer Allianz Michael Diekmann gestures before the start of the company's annual shareholders meeting in Munich, May 21, 2008. (Alexandra Beier/Reuters)Reuters - Allianz beat expectations with a 29 percent fall in net profit to 1.524 billion euros ($2.36 billion) in the second quarter, despite losses at Dresdner Bank, but said it was abandoning its 2009 profit goal in face of difficult markets.


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    Wed, 06 Aug 2008 21:22:44 GMT - Yahoo! News: Earnings News
    Restructuring costs widen VeriSign's 2Q loss (AP)
    AP - VeriSign Inc.'s second-quarter loss widened as the Internet infrastructure company absorbed the costs of a sweeping reorganization. -- read full article
    Wed, 06 Aug 2008 23:04:01 GMT - Yahoo! News: Earnings News
    Blackboard posts lower 2Q profit (AP)
    AP - Educational software company Blackboard Inc. said Wednesday its second-quarter profit declined even as sales grew, as expenses increased. -- read full article
    Wed, 06 Aug 2008 23:28:07 GMT - Yahoo! News: Earnings News
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