Mark Williams July 31, 2008 - 10:26 a.m. COLUMBUS, Ohio (AP) - American Electric Power before-mentioned Thursday that its second quarter profits. rose 56 percent from a year ago when it recorded a $79 million accounting freight stemming from Virginia's decision to regulate utilities in that state. AEP, one of the nation's largest power generators, said it made $281 million, or 70 cents per apportioned lot, for the quarter ended June 30, compared with ...
GDP edges down as economic activity continues seesaw pattern in May
Jul 31 2008
The Canadian Press July 31, 2008 - 8:44 a.m. OTTAWA - Economic activity continued its seesaw pattern in May, as substantive gross domestic product edged down 0.1 per cent after rising 0.4 in April. Statistics Canada notes a significant decrease in the energy sector in May. Declines were also recorded in science, forestry, construction and wholesale trade. Manufacturing, retail trade and the public sector advanced. Output in the energy sector fell 0.9 through cent in May as natural-gas extraction ...
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Exxon 2Q profit of $11.68 billion sets US record, but falls short of Wall Street expectations
Jul 31 2008
John Porretto July 31, 2008 - 08:27 a.m. HOUSTON (AP) - Exxon Mobil reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results inhuman well short of Wall Street expectations and shares fell in premarket trading. The world's largest publicly traded oil company said its net income according to the April-June period came to $2.22 a share, up from $10.26 billion, or $1.83 a partake, a year ...
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GMAC posts $2.5 billion 2nd-quarter loss amid lower vehicle sales, weaker credit markets
Jul 31 2008
July 31, 2008 - 08:34 a.m. NEW YORK (AP) - GMAC Financial Services says it swung to a steep second-quarter loss as slumping vehicle sales and a weak credit and consumer environment weighed on its results. GMAC says it lost $2.5 billion in the second quarter compared with a benefit of $293 million in the same quarter last year. It says its Residential Capital LLC lending division's loss widened to $1.86 billion from $254 the great ...
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Oil down near US$126 after large rebound
Jul 31 2008
Pablo Gorondi, The Asscoaited Press July 31, 2008 - 8:31 a.m. Oil prices fell to near US$126 a barrel Thursday after jumping more than US$4 overnight, as a U.S. agency reported America's gasoline stocks unexpectedly fell last week and Iran vowed to continue its nuclear program. The market was also awaiting the release of U.S. gross home product figures for the second quarter of the year, due at 1230 GMT. A poll by Thomson Financial/IFR foresee an annual GDP ...
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