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    Corporate Earnings Headlines
    TJX's 2Q profits triple as shoppers seek bargains (AP)

    In this Feb. 21, 2007 file photo, a sign outside the TJX Cos. headquarters is seen in Framingham, Mass.   TJX Cos. says second-quarter profit more than tripled from a year ago as the apparel discount retailer benefits from shoppers looking for cheaper alternatives. The retailer has also raised its earnings outlook.  (AP Photo/Elise Amendola, File)AP - TJX Cos., which operates the T.J. Maxx and Marshalls stores, said Tuesday that its second-quarter profits more than tripled from a year ago when the discount fashion retailer digested a charge for a widely publicized security breach.


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    Tue, 12 Aug 2008 17:29:55 GMT - Yahoo! News: Earnings News
    McDermott second-quarter earnings rise (Reuters)
    Reuters - U.S. engineering and construction company McDermott International Inc said on Monday its second-quarter net income rose 19 percent, helped by higher profits in its offshore oil and gas and power generation businesses. -- read full article
    Mon, 11 Aug 2008 20:29:21 GMT - Yahoo! News: Earnings News
    Nuance reports 3Q loss expands by 30 percent (AP)
    AP - Nuance Communications Inc. posted a loss for the fiscal third quarter that was 30 percent wider than its year-ago results, but its adjusted numbers still managed to beat Wall Street's consensus estimate by a penny. -- read full article
    Mon, 11 Aug 2008 21:56:49 GMT - Yahoo! News: Earnings News
    Sysco 4Q profit rises 10 percent (AP)
    AP - Food distributor Sysco Corp. said Monday its fourth-quarter profit jumped 10 percent, helped by managing costs and a boost in sales. -- read full article
    Mon, 11 Aug 2008 13:38:40 GMT - Yahoo! News: Earnings News
    Retailers' 2Q results may not be as bad as thought (AP)

    In this May 21, 2008 file photo, a Gap customer, left, guys clothes at a Gap store in Palo Alto, Calif. Amid the piles of retailers' downbeat July, 2008 sales reports, there was one sliver of hope: second-quarter profits may not be so dismal after all. A flurry of retailers, from Gap Inc. to J.C. Penney Co. upgraded their profit outlooks as they slashed inventory and other expenses.  (AP Photo/Paul Sakuma, file)AP - Amid the pile of downbeat sales reports for July from retailers, there was a sliver of hope: Second-quarter profits may not be as bad as expected when merchants such as Wal-Mart Stores Inc., Macy's Inc. and J.C. Penney Co. post their results starting this week.


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    Mon, 11 Aug 2008 18:11:45 GMT - Yahoo! News: Earnings News
    MBIA 2nd-qtr profit rises on gain (Reuters)
    Reuters - MBIA Inc posted a quarterly profit of $1.7 billion on Friday due to an accounting change that turned credit problems into a big gain, but the world's largest bond insurer said it is having trouble winning new business since losing its top debt ratings. -- read full article
    Fri, 08 Aug 2008 19:59:17 GMT - Yahoo! News: Earnings News
    Lions Gate returns to profit in first quarter (Reuters)
    Reuters - Lions Gate Entertainment Corp , an independent film and television studio, on Friday returned to a quarterly profit, driven by double-digit revenue increases at its motion pictures, television, home entertainment, and library businesses. -- read full article
    Fri, 08 Aug 2008 21:24:43 GMT - Yahoo! News: Earnings News
    Fannie Mae loses $2.3B in quarter as defaults rise (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.  Mortgage finance company Fannie Mae swung to a second-quarter loss, Friday, Aug. 8, 2008, that was more than triple what Wall Street expected as conditions in the housing market continued to deteriorate. (AP Photo/Ross D. Franklin)AP - Fannie Mae is making bold cutbacks that will send shock waves through the mortgage market, after posting a quarterly loss Friday that was three times larger than Wall Street expected.


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    Fri, 08 Aug 2008 22:42:59 GMT - Yahoo! News: Earnings News
    Insurance weighs on Berkshire Hathaway's 2Q profit (AP)
    AP - Berkshire Hathaway Inc. reported an 8 percent decline in second-quarter profit Friday because it collected fewer insurance premiums and recorded $1 billion in unrealized derivative losses. -- read full article
    Sat, 09 Aug 2008 00:22:44 GMT - Yahoo! News: Earnings News
    Beazer Homes 3Q loss narrows (AP)
    AP - Beazer Homes USA Inc. said Friday it posted a narrower loss in its fiscal third quarter despite lower revenue as the homebuilder's expenses declined. The quarterly results fell short of Wall Street's expectations. -- read full article
    Fri, 08 Aug 2008 12:25:57 GMT - Yahoo! News: Earnings News
    Fannie Mae loses $2.3B in quarter as defaults rise (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.  Mortgage finance company Fannie Mae swung to a second-quarter loss, Friday, Aug. 8, 2008, that was more than triple what Wall Street expected as conditions in the housing market continued to deteriorate. (AP Photo/Ross D. Franklin)AP - Fannie Mae swung to a second-quarter loss that was more than triple what Wall Street expected as conditions in the housing market continued to deteriorate, forcing the mortgage finance giant to make bold cutbacks that will send shock waves through the mortgage market.


    -- read full article
    Fri, 08 Aug 2008 14:52:39 GMT - Yahoo! News: Earnings News
    UK bank RBS posts giant half-year loss (AP)
    AP - Royal Bank of Scotland Group PLC on Friday reported a half-year loss of 802 million pounds (US$1.5 billion), forced deep into the red by 5.9 billion pounds (US$11.4 billion) in write-downs as the U.S. subprime credit crisis exacted more pain fully a year after it began. -- read full article
    Fri, 08 Aug 2008 17:16:34 GMT - Yahoo! News: Earnings News
    European banks post better-than-expected results (AP)
    AP - The Royal Bank of Scotland posted first-half losses Friday that weren't nearly as bad as some analysts had feared, rounding out what is shaping up to be a relatively bright earnings season for Europe's biggest financial institutions. -- read full article
    Fri, 08 Aug 2008 18:13:22 GMT - Yahoo! News: Earnings News
    MBIA 2nd-qtr profit rises on accounting gain (Reuters)
    Reuters - MBIA Inc posted a quarterly profit of $1.7 billion on Friday due to an accounting change that turned credit problems into a big gain, but the world's largest bond insurer said it is having trouble winning new business since losing its top debt ratings. -- read full article
    Fri, 08 Aug 2008 18:27:18 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 the automaker stuck to its forecast that full-year profit will 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 19:41:56 GMT - Yahoo! News: Earnings News
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