Cooper Cos. First-quarter Net Income Rises
SAN FRANCISCO - Cooper Cos. late Thursday reported first-quarter net income of USD 6.9 000 000, or 15 cents a share, up from USD 5.3 000 000, or 12 cents a share, in the year-ago period. Excluding acquisition and restructuring expenses, earnings were 45 cents a share, compared with 47 cents in the same quarter […]
S&P Lowers UAL Outlook To Negative On Expected Poor Earnings
SAN FRANCISCO — Standard & Poor’s on Friday lowered its rating outlook on UAL Corp. and its carrier United Air Lines Inc. to negative from stable because of expected poor earnings. S&P has a B rating on UAL. “The outlook change is based on expected materially worse earnings and cash flow generation in 2008, consistent […]
J.P. Morgan Sees Challenges Ahead In Economy
NEW YORK — Looking ahead at the economic landscape, J.P. Morgan Chase & Co. Chairman and CEO Jamie Dimon said Wednesday the financial giant expects the environment to continue to be weak and for capital markets to remain under stress. “These factors have affected, and are likely to continue to negatively impact, our firm’s credit […]
Banks Cut Deposit Rates As Fed Slashes Rates: Citi
SAN FRANCISCO — Banks are cutting the interest rate they pay depositors as the Federal Reserve slashes official borrowing costs because it’s an easy way to boost earnings, Citigroup analysts said on Wednesday. Fifth Third Bancorp , National City and KeyCorp are among banks that have cut the most recently, the analysts noted in a […]
Supervalu Net Income Rises 20%
NEW YORK — Supervalu Inc. on Thursday said fourth-quarter net income rose 30% to USD 156 000 000 or 73 cents a share, from USD 120 000 000, or 57 cents a share in the year-ago period. Adjusted earnings rose to 77 cents a share from 73 cents a share. The Minneapolis-based grocery store and […]
Cheung Kong’s 2007 Net Income Jumps 53% To USD 3.6 Billion
HONG KONG — Cheung Kong (Holdings) [s; cheuy] , the property flagship of Hong Kong billionaire Li Ka-shing, said Thursday 2007 net income climbed 53% on improved earnings from real estate and affiliate Hutchison Whampoa Ltd. Net profit for the 12-months ended Dec. 31 totaled HKUSD 27.7 000 000 000 (USD 3.6 000 000 000) […]
Stock In Focus For Thursday
SAN FRANCISCO — Among the companies whose shares are expected to see active trade in Thursday’s session are Blockbuster, National Semiconductor and Urban Outfitters.
Blockbuster (BBI) , provider of in-home movie and game entertainment, is forecast to report earnings of 17 cents a share in the fourth quarter, according to analysts polled by FactSet Research.
