CIT Group posts $1.68B loss in 2Q amid mounting loan-loss provisions, lower interest incomeAugust 18th, 2009 CIT Group records $1.68 billion 2Q lossNEW YORK — Commercial lender CIT Group Inc. said Monday in a regulatory filing it lost $1.68 billion in the second quarter, and again warned it might have to file for bankruptcy protection if it fails to restructure its business.
Bank of America's second-quarter profit heavily boosted by foreign operationsAugust 10th, 2009 BofA lost money in US during 2nd-quarterCHARLOTTE, N.C. —Bank of America Corp.'s reported that its better than expected second-quarter profit was boosted by the bank's foreign operations.
T-Mobile adds net 325,000 subscribers in second quarter, mostly prepaidAugust 6th, 2009 T-Mobile adds 325,000 net subs, mostly prepaidNEW YORK — T-Mobile USA, the fourth-largest wireless carrier in the country, says it added a net 325,000 subscribers in the second quarter, with most of them choosing to prepay rather than sign two-year contracts. The news cements this year's trend in wireless: The two biggest, Verizon Wireless and AT&T Inc., are attracting the valuable contract-signing customers, while Sprint Nextel Corp.
American Italian Pasta Co. reports much higher third-quarter profits on lower revenueAugust 6th, 2009 American Italian Pasta reports higher 3Q profitKANSAS CITY, Mo. — American Italian Pasta Co.
Zale closes 118 retail locations in 4th-quarter; set to take $50 million chargeAugust 6th, 2009 Zale closes 118 retail locations in 4th-quarterDALLAS — Jewelry retailer Zale Corp. said Thursday that it closed 118 retail locations in the fiscal fourth quarter due to underperformance.
Duke Energy's 2Q profit down 21 percent on falling demand from industrial customersAugust 4th, 2009 Duke Energy's 2Q profit hurt as energy demand ebbsCOLUMBUS, Ohio — Power company Duke Energy said Tuesday that its second-quarter earnings fell as demand for power from industrial customers continues to slide because of the recession. Charlotte, N.C.-based Duke said Tuesday that it made $276 million, or 21 cents per share, for the quarter ended June 30 compared with profit of $351 million, or 28 cents a share, in the year ago quarter.
Power company Xcel reaffirms profit outlook of $1.45-$1.55 per shareJuly 30th, 2009 Xcel reaffirms 2009 profit outlookMINNEAPOLIS — Power company Xcel Energy on Thursday reaffirmed its 2009 profit outlook as rate increases in several states have helped offset lower demand for electricity caused by the recession. Xcel said it expects to make $1.45 to $1.55 per share.
Reliant Energy helps NRG second-quarter profit more than tripleJuly 30th, 2009 NRG 2Q profit more than triplesPRINCETON, N.J. — NRG Energy Inc.
AIG reports $4.4 bn lossMay 8th, 2009 NEW YORK - Insurer American International Group Inc (AIG), whose near collapse in September fanned the global financial crisis, said Thursday it lost $4.4 billion in the first quarter. The New York-based insurance giant said it lost $4.35 billion, or $1.98 per share, during the quarter ended March 31, compared with $7.81 billion, or $3.09 per share, during the same quarter last year.
Embarq's 1Q profit falls 18 percent on lower revenue, sale of logistics unitMay 8th, 2009 Embarq's 1Q profit falls 18 percentKANSAS CITY, Mo. — Embarq Corp., the nation's fourth-largest traditional telephone company, said Wednesday its first-quarter profit fell 18 percent as business customers dropped service and the company lost money on the sale of its logistics unit.
Sprint Nextel posts larger 1Q loss on slower sales but beats estimates and stock surgesMay 4th, 2009 Despite prepaid lift, Sprint Nextel loss widensKANSAS CITY, Mo. — Despite a widening net loss, Sprint Nextel Corp.
Sprint Nextel posts larger 1Q loss amid slower sales, charge for job cutsMay 4th, 2009 Sprint Nextel reports larger 1Q lossKANSAS CITY, Mo. — Sprint Nextel Corp., the nation's third-largest wireless service provider, on Monday reported a larger first-quarter loss on declining revenue and a charge for job cuts announced in January.
AEP first quarter earnings fall 37 percent as recession hurts demand for electricityApril 24th, 2009 AEP 1Q tumbles as industrial clients stumbleCOLUMBUS, Ohio — American Electric Power says its first quarter earnings fell 37 percent as the weak economy has hurt demand for electricity, especially among its industrial customers. Columbus-based AEP said Friday that it made $360 million, or 89 cents a share, for the quarter ended March 31 compared with profit of $573 million, or $1.43 per share, in the year-ago quarter.
NCR reports loss of $15 million in first quarter; projects revenue decline for 2009April 23rd, 2009 NCR reports loss of $15M in first quarterDAYTON, Ohio — NCR Corp. lost $15 million in the first quarter compared with a profit of $48 million in the same period of 2008, largely because of a downturn in the retail industry, the company said Thursday.
Vodafone crosses 7.5 mn subscriber mark in GujaratJanuary 18th, 2009 AHMEDABAD - Vodafone Essar, one of India's leading cellular service providers, has crossed the 7.5 million subscriber mark in Gujarat, a senior official of the company said Monday. Vodafone with a coverage in more than 236 cities and towns and 15,120 villages has seen its subscriber base jumping from 2 million in January 2006 to 7.5 million in January 2009 in the state.
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