Tim Paradis July 31, 2008 - 08:39 a.m. NEW YORK (AP) - U.S. stocks are heading since a lower laid bare after a weaker-than-expected reading on the state's economic output. The Commerce Department's report Thursday that the economy grew at a 1.9 percent pace in second quarter has disappointed investors who had been expecting growth would be more than 2 percent. Investors are also uneasy becuase the number of people seeking unemployment benefits jumped last week. ...
MasterCard posts loss after AmEx settlement, but rise in spending drives revenue up 25 pct
Jul 31 2008
July 31, 2008 - 08:34 a.m. NEW YORK (AP) - MasterCard Inc. says it well-informed a loss for the second quarter due to a charge related to a establishment with rival American Express Co. But excluding that charge, the payments processor saw profit rise 9 percent and revenue jump 25 percent on increased spending. Purchase, N.Y.-based MasterCard said Thursday it absent $747 million, or $5.74 per share, in April to June, after the effect of a ...
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International Flavors 2nd-quarter profit falls 14 percent on higher interest expenses
Jul 31 2008
July 31, 2008 - 08:31 a.m. NEW YORK (AP) - International Flavors & Fragrances Inc. said Thursday its second-quarter profit fell 14 percent, hurt by far higher interest expenses, but results still beat Wall Street estimates. After the market closed Wednesday, the flavor and scent maker reported net income of $67 million, or 83 cents per share, compared with $78.4 million, or 87 cents per share, in the prior-year divide in four equal parts. Excluding employee ...
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Regulators OK 2 Nevada Power renewable energy ventures representing $100 million investment
Jul 31 2008
Brendan Riley July 31, 2008 - 08:41 a.m. CARSON CITY, Nev. (AP) - Two renewable energy projects representing a $100 million-plus investment by Las Vegas-based Nevada Power Co. — a cost well-adapted to be covered over delivery by the agency of the avail's customers — were approved by state regulators. The ventures hold a half-interest in a 30-megawatt geothermal project by Reno-based Ormat, a leading geothermal power company, which will be located on federal tract in ...
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Wyndham books 2 percent gain in 2nd-qtr profit, but reduces full-year earnings guidance
Jul 31 2008
Kristen A. Lee July 31, 2008 - 08:30 a.m. (AP) - Wyndham Worldwide Corp. declared Thursday that solid performances by its hotel franchise, vacation rental and timeshare groups boosted second-quarter profit by 2 percent, although the company cut its full-year earnings outlook. Earnings rose to $98 million, or 55 cents per share, from $96 million, or 52 cents per share, a year gone. Excluding some legacy items and separation costs, earnings totaled $94 ...
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