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  People’s United Financial 1st-quarter earnings fall 55 percent on rising reserves, expenses

Apr 17 2008

April 17, 2008 - 10:43 a.m. BRIDGEPORT, Conn. (AP) - Regional bank People's United Financial Inc. said Thursday its first-quarter earnings fell 55 percent because of rising loan-loss reserves and expenses. Net income fell to $15.1 million, or 5 cents per share, from $33.6 million, or 11 cents per share, during the identical period a year ago. Excluding merger and other one-time charges as well as gains from the sale of its portion of Visa Inc.'s initial public offering, People's United Financial's first-quarter earnings were $48.3 million, or 15 cents per share. Analysts polled by Thomson Financial, on average, forecast earnings ...

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  Ark. AG: Some payday lenders who pledged shutdowns may still face lawsuits

Apr 17 2008

Andrew Demillo April 17, 2008 - 10:40 a.m. LITTLE ROCK (AP) - Some payday lenders in the state that said they would shut down in a less degree than threat of lawsuits are still operating or trying to collect outstanding debts, Attorney General Dustin McDaniel aforesaid Wednesday. McDaniel said his office is trying to verify that 156 payday lending outlets that said they would shut down and stop collecting debts are complying with a March 18 cease-and-desist letter he sent them. McDaniel sent letters accusing the firms of charging high interest rates that violate Arkansas' constitution. McDaniel's letter demanded that the firms stop ...

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  TrueBlue posts lower 1st-quarter profit, says poor US economy weighing on customers

Apr 17 2008

April 17, 2008 - 10:38 a.m. NEW YORK (AP) - Shares of blue-collar staffing company TrueBlue Inc. declined Thursday after posting a lower first-quarter profit and guiding second-quarter results below Wall Street expectations. The stock lost $1.38, or 10.2 percent, to $12.15. TrueBlue's profit declined to $8.8 million, or 20 cents per share, from $10.3 million, or 21 cents per interest, a year earlier. Sales rose to $324 million from $290.2 million. Analysts polled by Thomson Financial expected earnings of 20 cents per share. "Our customers continue to face difficult economic conditions, and growth in the industrial staffing sector will be ...

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  Thomson Reuters stock falls 3 per cent in first day of post-merger trading on TSX

Apr 17 2008

The Canadian Press April 17, 2008 - 10:37 a.m. TORONTO - Shares in the newly combined Thomson Reuters Corp. (TSX:TRI) fell more than three per cent in morning trading on its first day as a merged electronic data powerhouse. The shares were also down in trading at the London and New York stock exchanges, despite the copartnership's announcement that it may buy back up to US$500 million worth of equities this year. Thomson Reuters stock, which formerly traded as Thomson Corp. shares under the symbol TOC on the TSX, were off $1.21 at $36.27 at midmorning in Toronto. After hitting the LSE at 1,700 pence (US$33.66) ...

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  Strong sales of influenza diagnostics fuel 24 percent leap in Meridian’s profit

Apr 17 2008

April 17, 2008 - 10:30 a.m. CINCINNATI (AP) - Meridian Bioscience Inc.'s profit jumped 24 percent in the fiscal second quarter on strong sales of products diagnosing influenza and other respiratory infections, the biotechnology company said Thursday. Meridian Bioscience earned $7.3 million, or 18 cents per share, in the first quarter, compared with profit of $5.9 million, or 15 cents per share, in the first quarter last year. Analysts polled by Thomson Financial forecast profit of 19 cents per share. Sales leaped 13 percent to $36.2 million from $32.1 million. Analysts expected sales of $37 million. Meridian Bioscience makes diagnostic test ...

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