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Exxon Mobil 1Q profit falls 58 percent

April 30, 2009 8:10 am | by JOHN PORRETTO - AP Energy Writer - Associated Press | News | Comments

HOUSTON (AP) — Exxon Mobil Corp. said Thursday first-quarter earnings fell 58 percent from a year ago, its lowest profit in more than five years, as the world's biggest publicly traded oil company saw crude and gas prices fall precipitously.The quarterly profit also fell short of Wall Street...

German beer sales down 6.8 percent on year in 1Q

April 30, 2009 8:09 am | by The Associated Press | News | Comments

BERLIN (AP) — German beer sales were down 6.8 percent on the year in the first quarter, with exports to other European countries showing a particularly sharp decline, according to official figures released Thursday.Germany's brewers sold 4.37 billion pints, or 2.07 billion liters, of beer from...

Motorola loss widens; analysts see worrisome signs

April 30, 2009 8:09 am | by PETER SVENSSON - AP Technology Writer - Associated Press | News | Comments

NEW YORK (AP) — Motorola Inc. defeated low expectations Thursday, posting a smaller first-quarter loss than Wall Street had expected and regaining its position as the world's fourth-largest maker of cell phones.Investors were largely unimpressed, and analysts pointed to deterioration in the...

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Chrysler succumbs to bankruptcy after struggle

April 30, 2009 8:09 am | by STEPHEN MANNING - AP Business Writers - Associated Press | News | Comments

DETROIT (AP) — After months of living on government loans, Chrysler finally succumbed to bankruptcy Thursday, pinning its future on a top-to-bottom reorganization and plans to build cleaner cars through an alliance with Italian automaker Fiat.The nation's third-largest car manufacturer filed for...

Kodak posts wider 1Q loss, suspends dividend

April 30, 2009 8:09 am | by BEN DOBBIN - AP Business Writer - Associated Press | News | Comments

ROCHESTER, N.Y. (AP) — Eastman Kodak Co. scrapped its dividend and trimmed the salaries of top executives Thursday, blaming the global economic downturn for a wider first-quarter loss and sliding sales of digital cameras and other photography products. Its stock fell 15 percent.The photography...

Air France exec to chair Areva supervisory board

April 30, 2009 8:09 am | by The Associated Press | News | Comments

PARIS (AP) — Areva SA has appointed Air France-KLM chairman Jean-Cyril Spinetta to chair its supervisory board, the French state-owned nuclear engineering firm said Thursday.Spinetta, 65, replaces former supervisory board chairman Frederic Lemoine, who resigned earlier this month. Spinetta was...

KBR 1st-quarter profit falls

April 30, 2009 8:09 am | by STEPHEN SINGER - AP Business Writer - Associated Press | News | Comments

HARTFORD, Conn. (AP) — KBR Inc.'s first-quarter earnings dropped 21 percent from a year ago when the engineering and construction company posted a $51 million gain from an arbitration award.The Houston company, which does construction work for the military in Iraq and Afghanistan, topped Wall...

Hyundai Heavy 1st-quarter net profit gains

April 30, 2009 8:09 am | by KELLY OLSEN - AP Business Writer - Associated Press | News | Comments

SEOUL, South Korea (AP) — Hyundai Heavy Industries, the world's largest shipbuilder, reported a 12.7 percent rise in first quarter net profit on foreign exchange gains, but in a sign of tough times said it hasn't recieved a single new order in more than six months.Hyundai Heavy Industries Co....

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Newell Rubbermaid 1Q profit down, still beats view

April 30, 2009 8:09 am | by ASHLEY M. HEHER - AP Retail Writer - Associated Press | News | Comments

CHICAGO (AP) — Consumer products maker Newell Rubbermaid Inc. said its cost-cutting helped it beat Wall Street forecasts during the first quarter, and it maintained its profit forecasts for the year, news that sent the company's shares to an almost five-month high.The maker of Sharpie pens and...

P & G's 3Q profit drops nearly 4 percent

April 30, 2009 8:09 am | by DAN SEWELL - AP Business Writer - Associated Press | News | Comments

CINCINNATI (AP) — With households around the globe cutting spending in the recession, consumer goods company Procter & Gamble Co. said Thursday that its profit fell nearly 4 percent in the fiscal third quarter.The maker of Tide detergent, Pampers diapers and Gillette shavers also trimmed its...

Viacom's 1Q earnings fall 34 percent

April 30, 2009 8:09 am | by The Associated Press | News | Comments

NEW YORK (AP) — Media conglomerate Viacom Inc. said Thursday its first-quarter profit fell 34 percent, hurt by falling ad and entertainment revenue. But there are signs things may be easing.Chief Executive Philippe Dauman in a conference call pointed to signs of an advertising turnaround, a...

AP Source: Chrysler lender talks break off

April 30, 2009 8:09 am | by BEN FELLER - Associated Press Writers - Associated Press | News | Comments

DETROIT (AP) — Talks between Chrysler LLC's lenders and the Treasury Department to reduce the automaker's $6.9 billion in secured debt and keep it out of bankruptcy protection have disintegrated, a person familiar with the talks said early Thursday.Chrysler's fate was in the hands of about 40 hedge...

Newmont Mining 1Q profit tumbles 48 percent

April 30, 2009 8:09 am | by SANDY SHORE - AP Business Writer - Associated Press | News | Comments

DENVER (AP) — Newmont Mining Corp. said Thursday its first-quarter net income fell 48 percent as the leading gold producer was hurt by higher operating costs and lower copper prices.The company's adjusted earnings beat Wall Street expectations, and it also maintained its 2009 outlook.For the...

NYSE Euronext profit tumbles, but beats estimates

April 30, 2009 8:09 am | by STEPHEN BERNARD - AP Business Writer - Associated Press | News | Comments

NEW YORK (AP) — NYSE Euronext said Thursday its first-quarter profit fell 55 percent amid pricing pressure in cash markets and volume declines in Europe. However, the exchange operator's results beat analysts' expectations.NYSE Euronext, which operates stock and commodities exchanges in the U.S....

Dow Chemical 1Q profit tumbles 97 percent

April 30, 2009 8:09 am | by ERNEST SCHEYDER - AP Energy Writer - Associated Press | News | Comments

NEW YORK (AP) — Dow Chemical posted a 97 percent drop in first-quarter profit on Thursday as big commercial clients and consumers cut back heavily on spending, though results easily beat Wall Street expectations.Because Dow's chemicals are used in such a wide variety of products, from toys to...

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