May
7
Yamana Gold Post Higher 1Q Rev; Boosts Div >AUY
Last Update: 5/7/2008 5:00:34 PM
DOW JONES NEWSWIRES
Yamana Gold Inc. (AUY) increased its annual dividend to 12 cents a share from 4
cents, reflecting higher revenue and earnings in the first quarter.
The Toronto gold company earned $63.1 million in the latest quarter, up from
$27.4 million a year earlier. It [...]
May
6
Barrick Gold Posts Stronger 1Q Net On Higher Prices >ABX
Last Update: 5/6/2008 8:34:38 AM
DOW JONES NEWSWIRES
Despite lower gold production in the first quarter, a significantly stronger
realized gold price helped push Barrick Gold Corp.’s (ABX) earnings and sales
higher.
The gold company earned $514 million or 58 cents a share in its latest quarter,
compared with a loss of [...]
May
4
Citigroup says most Old Lane investors to withdraw
By Andria Cheng, MarketWatch
Last Update: 1:37 PM ET May 3, 2008
NEW YORK (MarketWatch) — Banking giant Citigroup Inc. said most of the
unaffiliated investors in its Old Lane hedge fund will opt to withdraw their
investments.
In April, almost all of the unaffiliated investors had notified Old Lane of their
intention to [...]
Apr
24
Oil pullback helps airline stocks
April 24, 2008 | Leave a Comment
NEW YORK (MarketWatch) — A pullback in oil prices rallied airline shares on
Thursday. The Amex Airline Index jumped almost 2% to 20.38 points with all but
one of its 14 components trading up. Crude spot prices were at $116.15 a barrel
on the New York Mercantile Exchange, down $2.15. Carriers have been getting
slammed this earnings season by [...]
Apr
24
Ambac, MBIA Will Need Big Capital Boost, Goldman Warns
April 24, 2008 | Leave a Comment
NEW YORK (Dow Jones)–Bond insurers Ambac Financial Group Inc. (ABK) and MBIA
Inc. (MBI) each face about $12 billion in total losses on mortgaged-backed
securities and will need to raise more capital to keep their AAA insurer ratings,
Goldman Sachs told clients Thursday.
Ambac’s stock fell 43% to $3.46 Wednesday after it stunned investors with a $1.66
billion net loss, [...]
Apr
23
Skechers 1Q Earnings Beat Expectation Rise 37% To $32.8M >SKX SKECHERS Footwear Announces Record First Quarter 2008 Revenues and Record Earnings
April 23, 2008 | Leave a Comment
Skechers 1Q Earnings Rise 37% To $32.8M >SKX
Last Update: 4/23/2008 4:15:17 PM
DOW JONES NEWSWIRES
Skechers USA Inc.’s (SKX) first-quarter earnings rose 37% to $32.8 million, or 70
cents a share, from $23.9 million, or 52 cents a share, as the company said it
saw growth across its international wholesale and retail operations.
Revenue increased 12% to $384.9 million from [...]
Apr
23
Level 3, Sprint, Ericsson lead telecoms higher
April 23, 2008 | Leave a Comment
Level 3, Sprint, Ericsson top gainers
By Jeffry Bartash, MarketWatch
Last Update: 1:02 PM ET Apr 23, 2008
WASHINGTON (MarketWatch) - Shares of telecommunications stocks mostly moved
higher in Wednesday trades, spearheaded by Level 3 Communications Inc., Sprint
Nextel Corp. and Ericsson LM.
Level 3 (LVLT) jumped 17% after cutting its first-quarter loss and reaffirmed its
forecast for 2008, indicating that a [...]
Apr
23
Ambac swings to $1.66 billion loss
April 23, 2008 | Leave a Comment
LONDON (MarketWatch) — Bond insurer Ambac Financial Group Inc. said Wednesday that it swung to a first-quarter loss of $1.66 billion, or $11.69 a share, from a profit of $213.3 million, or $2.02 a share, a year earlier. The group attributed the loss to a pretax $1.73 billion mark-to-market loss on its exposure to [...]
Apr
22
Yahoo’s earnings boosted by China holdings
April 22, 2008 | Leave a Comment
Yahoo’s earnings boosted by China holdings
By John Letzing, MarketWatch
Last Update: 4:52 PM ET Apr 22, 2008
SAN FRANCISCO (MarketWatch) — Yahoo Inc. said Tuesday its first-quarter profit
was boosted by its Chinese assets, as the company seeks to remain independent or
wrangle a higher acquisition bid from Microsoft Corp.
Yahoo (YHOO) said its first-quarter net income rose to $542 [...]
Apr
18
Citi posts $5 bln loss on about $12 bln in write-downs
April 18, 2008 | Leave a Comment
Citi posts $5 bln loss on about $12 bln write-down
By Greg Morcroft, MarketWatch
Last Update: 6:56 AM ET Apr 18, 2008
NEW YORK (MarketWatch) — Citigroup, the nation’s largest bank, said on Friday it
lost $5.1 billion, or $1.02 a share, in the first quarter as it wrote down about
$12 billion of soured mortgage investments and other credit-related [...]
