Archive for May, 2008

WMS Industries Profit Jumps 31%

SAN FRANCISCO — Gambling machine shaper WMS Industries , bolsterred up by potent gains internationally, reported late Wednesday financial second-quarter net income rose to USD 16 000 000, or 27 pennies a portion, from USD 12.2 000 000, or 22 pennies, a twelvemonth ago. Receipts for the three calendar months ended Dec.

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Metlife Reports Quarterly Net Income Of USD 1.08 Billion

SAN FRANCISCO — Metlife Inc. informated late Wednesday that fourth-quarter net income came in at USD 1.08 000 000 000, or USD 1.44 per common share. The living insurer made USD 3.8 000 000 000, or USD 4.95 a portion, a twelvemonth earlier, but that was buoyed up by a USD 3 000 000 000 one-time investing gain from the sales event of Peter Cooper Village and Stuyvesant Town in New York, the companionship noted.

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Prudential Financial Quarterly Net Falls 11%

SAN FRANCISCO — Prudential Financial told late Wednesday that fourth-quarter net income came in at USD 792 000 000, or USD 1.75 per common share, down 11% from a twelvemonth earlier when the living insurer made USD 893 000 000, or USD 1.88 per common share. After-tax familiarized operating income was USD 729 000 000, or USD 1.

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EDS Earnings Slip Almost 13%

SAN FRANCISCO — Electronic Data Systems Corp. on Wednesday reported a fourth-quarter profit of USD 189 000 000, or 36 pennies a part, compared to profits of USD 217 000 000 or 40 centimes a percentage, in the year-ago period of time. Excluding one-time points, the computing machine services giant would have brought in USD 295 000 000, or 55 pennies a portion, on receipts of USD 5.

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Raging Topic Jan Same-store Sales Fall 3.6%

SAN FRANCISCO — Hot Topic Inc. stated late Wednesday its January gross sales at stores open at least one twelvemonth fell 3.6% Psychoanalysts, on average, held expected same-store gross sales to go down 6.4%, fitting in to Thomson Financial. Total gross revenue for January cut down 23.7% to USD 41.2 000 000 from last twelvemonth.

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Lake herring Earnings Up Nearly 11% For Second Quarter

SAN FRANCISCO (Marketwatch) - Cisco Systems Inc. reported that profits for the second financial quarter turned 10.5%, in line with Wall Street’s ideas. For the twenty ended Jan. 26, the companionship reported net income of USD 2.1 000 000 000, or 33 centimes per share, likenned to clear income of USD 1.

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Merrill Lynch Most At Risk For Lower Ratings, S&P Says

Investing bank Merrill Lynch & Co. is mosted at risk for having its credit evaluations cut due to its jobs with bond insurance companies and collateralizedded debt duties, ratings authority Standard & Poor’s articulated on a league call Wednesday. S&P psychoanalyst Scott Sprinzen expressed Merrill’s current valuations, which bet heavily on besieged bond insurance underwriters to evade risk in its CDOs, have onlied a “bounded tolerance” for farther losses.

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U.S. Stock Extend Losses Into a Third Day After Rally Fades

NEW YORK — U.S. stock on Wednesday cut down for a third twenty as Philadelphia Federal Reserve President Charles Plosser wheel spoke against excessively aggressive rate cuts, with the talking dampening a recoil from the market’s big single-day plunge in nigh a twelvemonth. The Dow Jones Industrial Average sank 64.

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Sysco Registers With SEC To Sell USD 1 Bln In Debt Securities

SAN FRANCISCO — Sysco Corp. registered to deal up to USD 1 000 000 000 in debt securities, concording to a filing Wednesday with the Securities and Exchange Commission. Sysco told it plans to employ proceeds for general bodied purposes, that may admit additions to do work capital, capital outgos, acquisitions, stock repurchases and refund of financial obligation.

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Favorite Vacation Spots for Bike-Riding Adventures

There are all sorts of slipways to pass big on cycling, but experts say one of the most exciting ways to bunk up your cycling tab is to collide with the route. The International Mountain Bicycling Association (IMBA) tests out a figure of leads to chance what they call the world’s most ‘epic’ rides. Read more »

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