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Abercrombie profit edges up on sales increase

AP — Fri, 16 May 2008 11:20:05 +0000

Teen retailer Abercrombie & Fitch Co. says its first-quarter earnings rose 3 percent from a year ago on stronger sales.

BA annual profits more than doubles on int. travel

AP — Fri, 16 May 2008 10:57:27 +0000

British Airways said Friday it will pay a dividend for the first time in seven years after reporting its full-year profits more than doubled.

Nordstrom 1Q profit sinks 24 pct on economy

AP — Thu, 15 May 2008 20:21:26 +0000

Luxury retailer Nordstrom Inc. says its profit fell 24 percent in the first quarter, as recession rumblings in the U.S. crimped even wealthier consumers’ shopping habits.

Blockbuster swings to 1Q profit on US sales growth

AP — Thu, 15 May 2008 12:41:17 +0000

The movie rental chain Blockbuster says it swung to a first-quarter profit on lower expenses and improved results from its subscription service and domestic sales growth.

JC Penney 1Q profit falls 50 pct; rough year ahead

AP — Thu, 15 May 2008 12:01:09 +0000

Department store retailer J.C. Penney says a pullback in consumer spending has cut its first-quarter profit in half, and predicts “difficult” conditions for the entire year.

Mizuho profit sinks 50 pct, cites subprime fallout

AP — Thu, 15 May 2008 11:52:33 +0000

Mizuho Financial Group Inc., Japan’s second biggest banking group, reported Thursday a 50 percent drop in profit for the fiscal year, taking a beating from U.S. subprime credit problems.

BT 4Q profit falls costs rise, customers flee

AP — Thu, 15 May 2008 11:20:00 +0000

BT Group PLC, Britain’s biggest telecommunications company, reported a 6.2 percent decline Thursday in its fourth quarter profit, as costs rose and it lost some wholesale customers to broadband services.

Credit Agricole seeks $7.72 billion in new capital

AP — Thu, 15 May 2008 10:27:59 +0000

Credit Agricole said Thursday it plans to sell $7.72 billion worth of assets and named a new leader at its investment bank. The French bank, shaken by the global credit crisis, will also seek $9.1 billion in new capital.

Electronics maker NEC's profit more than doubles

AP — Thu, 15 May 2008 09:04:49 +0000

NEC Corp.’s profit for the fiscal year through March more than doubled from the previous year as the Japanese electronics maker’s mobile phone and computer-chip businesses swung to profit.

Accounting changes help Freddie Mac beat expectations in 1Q

AP — Wed, 14 May 2008 21:33:57 +0000

Freddie Mac beat Wall Street’s expectations in the first quarter, but the mortgage finance company didn’t vanquish concerns about its ability to weather the housing bust.