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NCR reports loss of $15M in first quarter

April 23, 2009 4:11 am | by The Associated Press | News | Comments

DAYTON, Ohio (AP) — 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.The maker of automated teller machines, retail checkout scanners and self-serve...

JetBlue posts 1Q profit, plans new routes

April 23, 2009 4:06 am | by The Associated Press | News | Comments

NEW YORK (AP) — JetBlue Airways Corp. on Thursday said it will "aggressively defend" itself against growing competition on routes and pricing from rivals including Southwest Airlines Co. and Virgin America, after posting a first-quarter profit that topped Wall Street expectations.Aiming directly at...

Higher prices lifts Hershey 1Q profit by 20 pct

April 23, 2009 4:00 am | by The Associated Press | News | Comments

HARRISBURG, Pa. (AP) — Higher prices helped Hershey's first-quarter profit surge 20 percent and beat Wall Street's expectations.The Hershey Co., the nation's second-largest candy maker, said it also benefited from a later first quarter that captured more Easter sales but was hurt by higher...

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UPS 1Q profit plunges more than 55 pct.

April 23, 2009 4:00 am | by HARRY R. WEBER - AP Business Writer - Associated Press | News | Comments

ATLANTA (AP) — UPS Inc.'s first-quarter profit plunged as fewer people sent packages and used premium services like next-day air amid the global financial crisis. The world's largest shipping carrier also gave a disappointing second-quarter outlook on Thursday, and disclosed it shed 10,000 domestic...

Occidental Petroleum profits down 80 percent

April 23, 2009 3:50 am | by JOHN PORRETTO - AP Energy Writer - Associated Press | News | Comments

HOUSTON (AP) — Occidental Petroleum said Thursday its first-quarter profit fell 80 percent from a year ago as results were crushed by lower oil and natural gas prices.The company still beat Wall Street expectations and shares in premarket trading rose 2.7 percent, or $1.51, to $57.07.The Los...

AutoNation 1Q profit falls, CEO sees hope

April 23, 2009 3:40 am | by The Associated Press | News | Comments

RICHMOND, Va. (AP) — AutoNation Inc., the country's largest automotive retailer, said Thursday its first-quarter profit dropped 32 percent as consumers continued to avoid car purchases.But the company's adjusted earnings beat Wall Street estimates, and Chief Executive Mike Jackson said there were...

EMC profit sinks, CEO sees tech spend turnaround

April 23, 2009 3:40 am | by The Associated Press | News | Comments

SAN FRANCISCO (AP) — EMC Corp.'s first-quarter profit dropped 23 percent on weakness in data-storage spending, which until recently had been fairly resilient to the recession and is forcing the company into more cost cuts. But CEO Joe Tucci predicted that slumping information technology spending...

Fifth Third Bancorp reports loss in 1Q

April 23, 2009 3:40 am | by The Associated Press | News | Comments

CINCINNATI (AP) — Fifth Third Bancorp says it posted a loss in the first quarter including preferred dividends, as rising losses on commercial loans hurt the large Midwest regional bank.The Cinncinnati-based bank said Thursday it lost $26 million, or 4 cents, per share, compared with a profit of...

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UK privacy watchdog clears Google Street View

April 23, 2009 3:40 am | by The Associated Press | News | Comments

LONDON (AP) — Britain's privacy watchdog says Google Street View should not be removed or shut down.The Information Commissioner's Office rejected a complaint Thursday by London-based human rights group Privacy International which had argued that Google's high-quality photos of houses and streets...

Philip Morris Int'l 1Q profit drops 12 percent

April 23, 2009 3:40 am | by The Associated Press | News | Comments

RICHMOND, Va. (AP) — Philip Morris International Inc., which makes Marlboro and other cigarettes for sale overseas, said Thursday that the strong dollar battered its first-quarter profit, which fell 12 percent.The company, with offices in New York and Lausanne, Switzerland, said it earned $1.48...

Hershey 1Q earnings jump 20 percent

April 23, 2009 3:29 am | by The Associated Press | News | Comments

HARRISBURG, Pa. (AP) — Hershey, the nation's second-largest candymaker, reported a 20 percent surge in first quarter profit because of a longer Easter sales season and a recent price increase.The results beat Wall Street expectations.The Hershey Co. said Thursday it earned $75.9 million, or 33...

Raytheon, L-3 Communications 1Q earnings rise

April 23, 2009 3:24 am | by The Associated Press | News | Comments

WASHINGTON (AP) — Raytheon Co.'s quarterly profit rose 14 percent on stronger sales of missiles, radars and defense electronics, spurring the nation's fifth-largest defense contractor to raise its 2009 earnings forecast.The bigger profit is further evidence that business remains relatively brisk...

Court rules James Hardie misled asbestos victims

April 23, 2009 3:19 am | by TANALEE SMITH - Associated Press Writer - Associated Press | News | Comments

SYDNEY (AP) — Ten former officials of building materials giant James Hardie Industries NV misled asbestos victims into believing the company had set aside enough funds for compensation, an Australian civil court ruled Thursday.Justice Ian Gzell of the New South Wales state Supreme Court said the...

PNC Financial 1Q profit jumps 22 percent

April 23, 2009 3:19 am | by The Associated Press | News | Comments

NEW YORK (AP) — PNC Financial Services Group Inc. on Thursday reported a surprising 22 percent jump in first-quarter profit, boosted by its purchase of National City Corp. and lower funding costs.Shares jumped 7.7 percent in premarket trading, adding $2.92 to $40.98.The Pittsburgh-based bank said...

EU approves new rating agencies rules

April 23, 2009 3:14 am | by The Associated Press | News | Comments

STRASBOURG, France (AP) — The European Union on Thursday approved new rules creating European oversight for credit rating agencies that have taken some of the blame for the financial crisis by rating bad debt as good.The European Parliament voted 569-47 in favor, overcoming the last major stumbling...

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