Matt Moore April 30, 2008 - 06:29 a.m. BERLIN (AP) - Software maker SAP AG said Wednesday its profit slipped in the first quarter because of its takeover of a software company along with a weaker dollar, but its sales were higher and it raised its 2008 outlook. The Walldorf-based company, whose programs help companies do back-office work such as payroll, inventory management and accounting, said its net profit in the January-March period fell 22 percent ...
Time Warner’s 1Q results down 36 percent following asset sale; Plans to separate cable
Apr 30 2008
April 30, 2008 - 06:25 a.m. NEW YORK (AP) - Time Warner Inc.'s first-quarter profits fell 36 percent following an asset sale a year ago, and the company also said it will spin on the farther side the rest of its cable business. Time Warner, that also owns Warner Bros., CNN and Time magazine, earned $771 million or 21 cents per share in the first three months of the year, down from $1.2 billion or 31 ...
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Analysts upbeat on Flextronics International, say industry trends, acquisition are positive
Apr 30 2008
April 30, 2008 - 06:23 a.m. NEW YORK (AP) - Flextronics International Ltd. is poised to gain from improving fundamentals and the integration of an acquisition, one analyst said, following the company's upbeat outlook. After Tuesday's market close, Flextronics, which provides services for electronics manufacturers, forecast adjusted fiscal first-quarter profit mostly above Wall Street expectations, lifting shares in aftermarket trading. Flextronics also swung to a financial fourth-quarter loss because of a hefty restructuring charge. ...
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Alcatel-Lucent scales back market forecast after reporting first quarter loss
Apr 30 2008
Emma Vandore April 30, 2008 - 06:16 a.m. PARIS (AP) - Telecommunication equipment titan Alcatel-Lucent on Wednesday reported a fifth straight quarterly loss and said it expected annual revenues to fall while scaling back its market forecast for 2008. The company said it lost 181 million euros ($282 million) compared with a loss of 8 million euros a year earlier, when results were boosted by the sale of businesses to Thales SA. Revenues were ...
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Citigroup, True Religion Apparel and Valero Energy in spotlight
Apr 30 2008
April 30, 2008 - 06:13 a.m. NEW YORK (AP) - Shares of Citigroup Inc. may trade actively on Wednesday, after the New York-based bank said it will sell about $3 billion of its used by all stock in a public offering. Citigroup is trying to raise more capital to offset two undeviating quarterly losses. True Religion Apparel Inc., meanwhile, said fourth-quarter profit more than doubled, as more customers lined up to buy the company's jeans. ...
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