Earnings News Headlines - Yahoo! News

http://news.yahoo.com/earnings/ Get the latest earnings news headlines from Yahoo! News. Find breaking earnings news, including analysis and opinion on top earnings stories, photos and more.en-USCopyright (c) 2012 Yahoo! Inc. All rights reservedTue, 29 May 2012 17:28:09 -04005http://news.yahoo.com/earnings/ http://l.yimg.com/a/i/us/nws/th/main_142c.gif<p><a href="http://news.yahoo.com/indigo-earnings-boosted-kobo-sale-revenue-down-204008053--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/7I6H6jsCjoO2GzJHwkeotQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-29T204008Z_1_CBRE84S1LFL00_RTROPTP_2_CBUSINESS-US-INDIGO-EARNINGS.JPG" width="130" height="86" alt="An Indigo Books and Music store is seen on Sainte Catherine Street in downtown Montreal" align="left" title="An Indigo Books and Music store is seen on Sainte Catherine Street in downtown Montreal" border="0" /></a>(Reuters) - Canadian retailer Indigo Books &amp; Music Inc reported lower fourth-quarter revenue, hurt by a decline in book sales. Canada&#039;s biggest book seller said a C$165 million gain on the sale of its e-reader business, Kobo Inc, boosted net earnings attributable to shareholders to C$131.5 million, compared with a loss of C$19.4 million last year. Rakuten Inc , a Japanese Internet services and e-commerce company, struck a deal last year to buy Kobo Inc from Indigo for $315 million, to expand its electronic book offerings. Indigo&#039;s loss from continuing operations in quarter was C$10. ...</p><br clear="all"/>http://news.yahoo.com/indigo-earnings-boosted-kobo-sale-revenue-down-204008053--finance.htmlTue, 29 May 2012 17:28:09 -0400Reutersindigo-earnings-boosted-kobo-sale-revenue-down-204008053--finance<p><a href="http://news.yahoo.com/indigo-earnings-boosted-kobo-sale-revenue-down-204008053--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/7I6H6jsCjoO2GzJHwkeotQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-29T204008Z_1_CBRE84S1LFL00_RTROPTP_2_CBUSINESS-US-INDIGO-EARNINGS.JPG" width="130" height="86" alt="An Indigo Books and Music store is seen on Sainte Catherine Street in downtown Montreal" align="left" title="An Indigo Books and Music store is seen on Sainte Catherine Street in downtown Montreal" border="0" /></a>(Reuters) - Canadian retailer Indigo Books &amp; Music Inc reported lower fourth-quarter revenue, hurt by a decline in book sales. Canada&#039;s biggest book seller said a C$165 million gain on the sale of its e-reader business, Kobo Inc, boosted net earnings attributable to shareholders to C$131.5 million, compared with a loss of C$19.4 million last year. Rakuten Inc , a Japanese Internet services and e-commerce company, struck a deal last year to buy Kobo Inc from Indigo for $315 million, to expand its electronic book offerings. Indigo&#039;s loss from continuing operations in quarter was C$10. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/scotiabank-rises-international-lending-drives-profit-205109638--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/GSn7PEyvj3E1WbcG1rED5A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-29T205109Z_1_CBRE84S1LXI00_RTROPTP_2_CBUSINESS-US-SCOTIABANK-RESULTS.JPG" width="130" height="86" alt="Customer walks into the Scotiabank in Halifax" align="left" title="Customer walks into the Scotiabank in Halifax" border="0" /></a>TORONTO (Reuters) - Bank of Nova Scotia&#039;s quarterly operating profit rose 16 percent, topping estimates, on strong growth in international banking profits and domestic loans, Canada&#039;s No. 3 bank said on Tuesday. Shares of Scotiabank, the fourth Canadian bank to report in what has been a mixed earnings season so far, rose 2.4 percent on the results, which analysts said were strong across all the bank&#039;s business lines. &quot;A great core business performance justifies the premium valuation for the bank,&quot; said Peter Routledge, an analyst at National Bank Financial. ...</p><br clear="all"/>http://news.yahoo.com/scotiabank-rises-international-lending-drives-profit-205109638--finance.htmlTue, 29 May 2012 16:51:09 -0400Reutersscotiabank-rises-international-lending-drives-profit-205109638--finance<p><a href="http://news.yahoo.com/scotiabank-rises-international-lending-drives-profit-205109638--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/GSn7PEyvj3E1WbcG1rED5A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-29T205109Z_1_CBRE84S1LXI00_RTROPTP_2_CBUSINESS-US-SCOTIABANK-RESULTS.JPG" width="130" height="86" alt="Customer walks into the Scotiabank in Halifax" align="left" title="Customer walks into the Scotiabank in Halifax" border="0" /></a>TORONTO (Reuters) - Bank of Nova Scotia&#039;s quarterly operating profit rose 16 percent, topping estimates, on strong growth in international banking profits and domestic loans, Canada&#039;s No. 3 bank said on Tuesday. Shares of Scotiabank, the fourth Canadian bank to report in what has been a mixed earnings season so far, rose 2.4 percent on the results, which analysts said were strong across all the bank&#039;s business lines. &quot;A great core business performance justifies the premium valuation for the bank,&quot; said Peter Routledge, an analyst at National Bank Financial. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/indias-tata-motors-reports-doubling-q4-profit-153841056.html"><img src="http://l3.yimg.com/bt/api/res/1.2/vfJAI3OCGoSBOPHRIreFng--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/AFP/photo_1338313676990-1-0.jpg" width="130" height="86" alt="Ralph Speth, chief executive of Jaguar and Land Rover (L), announces Tata Motors&#039; annual financial results" align="left" title="Ralph Speth, chief executive of Jaguar and Land Rover (L), announces Tata Motors&#039; annual financial results" border="0" /></a>India&#039;s top vehicle maker Tata Motors reported Tuesday a doubling in quarterly profit from a year ago, led by strong demand for British brands Jaguar and Land Rover which offset weak domestic sales.</p><br clear="all"/>http://news.yahoo.com/indias-tata-motors-reports-doubling-q4-profit-153841056.htmlTue, 29 May 2012 13:48:27 -0400AFPindias-tata-motors-reports-doubling-q4-profit-153841056<p><a href="http://news.yahoo.com/indias-tata-motors-reports-doubling-q4-profit-153841056.html"><img src="http://l3.yimg.com/bt/api/res/1.2/vfJAI3OCGoSBOPHRIreFng--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/AFP/photo_1338313676990-1-0.jpg" width="130" height="86" alt="Ralph Speth, chief executive of Jaguar and Land Rover (L), announces Tata Motors&#039; annual financial results" align="left" title="Ralph Speth, chief executive of Jaguar and Land Rover (L), announces Tata Motors&#039; annual financial results" border="0" /></a>India&#039;s top vehicle maker Tata Motors reported Tuesday a doubling in quarterly profit from a year ago, led by strong demand for British brands Jaguar and Land Rover which offset weak domestic sales.</p><br clear="all"/>TORONTO (Reuters) - Bank of Nova Scotia's operating profit rose 16 percent in the second quarter, topping estimates on strong growth in international banking profits and domestic loans, Canada's No. 3 bank said on Tuesday. Shares of Scotiabank, the fourth Canadian bank to report in what has been a mixed earnings season so far, were up 1.9 percent on the results, which analysts said were strong across all the bank's business lines. "A great core business performance justifies the premium valuation for the bank," said Peter Routledge, an analyst at National Bank Financial. ...http://news.yahoo.com/scotiabank-results-benefit-international-growth-131307397--finance.htmlTue, 29 May 2012 12:35:54 -0400Reutersscotiabank-results-benefit-international-growth-131307397--financeHere is a summary of earnings reports for selected cable and satellite TV companies and what they reveal about the industry's prospects:http://news.yahoo.com/look-cable-satellite-tv-earnings-reports-230540043.htmlTue, 29 May 2012 11:34:27 -0400Associated Presslook-cable-satellite-tv-earnings-reports-230540043Here are highlights of recent quarterly earnings reports from selected Internet and media companies and what they say about the state of spending on advertising:http://news.yahoo.com/earnings-reports-revealed-ads-230629505.htmlTue, 29 May 2012 11:33:48 -0400Associated Pressearnings-reports-revealed-ads-230629505Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy:http://news.yahoo.com/look-recent-tech-industry-earnings-001704437.htmlTue, 29 May 2012 11:25:47 -0400Associated Presslook-recent-tech-industry-earnings-001704437<p><a href="http://news.yahoo.com/analysis-jpmorgan-dips-cookie-jar-offset-london-whale-050420110--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/3QRRL.yg3ju8YxPvjj0rfA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-29T134807Z_2_CBRE84S0GLW00_RTROPTP_2_JPMORGAN.JPG" width="130" height="86" alt="Security guards stand watch outside the JP Morgan Chase &amp; Co annual shareholders meeting in Tampa, Florida" align="left" title="Security guards stand watch outside the JP Morgan Chase &amp; Co annual shareholders meeting in Tampa, Florida" border="0" /></a>NEW YORK (Reuters) - JPMorgan Chase &amp; Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank&#039;s now-infamous &quot;London Whale,&quot; compounding the cost of those trades. CEO Jamie Dimon earlier this month said the bank sold corporate bonds and other securities, pocketing $1 billion in gains that will help offset more than $2 billion in losses. As a result, the bank will not have to report as big an earnings hit for the second quarter. ...</p><br clear="all"/>http://news.yahoo.com/analysis-jpmorgan-dips-cookie-jar-offset-london-whale-050420110--sector.htmlTue, 29 May 2012 09:48:07 -0400Reutersanalysis-jpmorgan-dips-cookie-jar-offset-london-whale-050420110--sector<p><a href="http://news.yahoo.com/analysis-jpmorgan-dips-cookie-jar-offset-london-whale-050420110--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/3QRRL.yg3ju8YxPvjj0rfA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-29T134807Z_2_CBRE84S0GLW00_RTROPTP_2_JPMORGAN.JPG" width="130" height="86" alt="Security guards stand watch outside the JP Morgan Chase &amp; Co annual shareholders meeting in Tampa, Florida" align="left" title="Security guards stand watch outside the JP Morgan Chase &amp; Co annual shareholders meeting in Tampa, Florida" border="0" /></a>NEW YORK (Reuters) - JPMorgan Chase &amp; Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank&#039;s now-infamous &quot;London Whale,&quot; compounding the cost of those trades. CEO Jamie Dimon earlier this month said the bank sold corporate bonds and other securities, pocketing $1 billion in gains that will help offset more than $2 billion in losses. As a result, the bank will not have to report as big an earnings hit for the second quarter. ...</p><br clear="all"/>(Reuters) - Contract electronics manufacturer Flextronics International Ltd revised down its fourth-quarter profit by $32 million, or about 20 percent, saying it would not be able to recover inventory and accounts receivable from one of its customers. The company restated its fourth-quarter profit to $124.7 million, or 18 cents per share, from its reported profit of $156.7 million, or 22 cents per share. On an adjusted basis, the company lowered its earnings to 24 cents per share on a continuing basis, from 24 cents per share. ...http://news.yahoo.com/flextronics-restates-fourth-quarter-profit-110722674--sector.htmlTue, 29 May 2012 07:07:22 -0400Reutersflextronics-restates-fourth-quarter-profit-110722674--sector<p><a href="http://news.yahoo.com/adcock-ingram-h1-earnings-down-10-percent-063338248--finance.html"><img src="http://l2.yimg.com/bt/api/res/1.2/eEJ0kcwsCk.it1x_mFb5Jw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2012-05-29T070725Z_1_AJOE84S0JSH00_RTROPTP_2_OZABS-ADCOCKINGRAM-EARNINGS-20120529.JPG" width="130" height="86" alt="A worker checks packages of the H1N1 flu vaccine at a military pharmaceutical plant in Burgos" align="left" title="A worker checks packages of the H1N1 flu vaccine at a military pharmaceutical plant in Burgos" border="0" /></a>JOHANNESBURG (Reuters) - South Africa&#039;s No.2 drug maker Adcock Ingram posted a 10 percent fall half-year earnings on Tuesday, hit by the loss of high-margin drugs and said it would continue seeking acquisitions in emerging markets. Adcock, the nation&#039;s top over-the-counter drugs maker, said diluted headline earnings per share totalled 198.4 cents in the six months to end-March, compared with 220.7 cents a year earlier. The company said sales increased 5 percent to 2.25 billion rand. ...</p><br clear="all"/>http://news.yahoo.com/adcock-ingram-h1-earnings-down-10-percent-063338248--finance.htmlTue, 29 May 2012 02:33:38 -0400Reutersadcock-ingram-h1-earnings-down-10-percent-063338248--finance<p><a href="http://news.yahoo.com/adcock-ingram-h1-earnings-down-10-percent-063338248--finance.html"><img src="http://l2.yimg.com/bt/api/res/1.2/eEJ0kcwsCk.it1x_mFb5Jw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2012-05-29T070725Z_1_AJOE84S0JSH00_RTROPTP_2_OZABS-ADCOCKINGRAM-EARNINGS-20120529.JPG" width="130" height="86" alt="A worker checks packages of the H1N1 flu vaccine at a military pharmaceutical plant in Burgos" align="left" title="A worker checks packages of the H1N1 flu vaccine at a military pharmaceutical plant in Burgos" border="0" /></a>JOHANNESBURG (Reuters) - South Africa&#039;s No.2 drug maker Adcock Ingram posted a 10 percent fall half-year earnings on Tuesday, hit by the loss of high-margin drugs and said it would continue seeking acquisitions in emerging markets. Adcock, the nation&#039;s top over-the-counter drugs maker, said diluted headline earnings per share totalled 198.4 cents in the six months to end-March, compared with 220.7 cents a year earlier. The company said sales increased 5 percent to 2.25 billion rand. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/illovo-sugar-fy-earnings-lag-expectations-060017952--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/i_bGeIeSSwrhyB.lUW.PBQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2012-05-28T063915Z_1_AJOE84R0IHI00_RTROPTP_2_OZABS-ILLOVOSUGAR-EARNINGS-20120528.JPG" width="130" height="86" alt="Sugar cane is seen near Santa Lucia Cotzumalguapa" align="left" title="Sugar cane is seen near Santa Lucia Cotzumalguapa" border="0" /></a>JOHANNESBURG (Reuters) - South Africa&#039;s Illovo Sugar Ltd posted an 18 percent rise in full-year earnings on Monday helped by cost cuts but the profit slightly lagged analysts expectations as sugar output fell. Illovo, a unit of Associated British Foods, said diluted headline earnings per share for the year to the end of March totalled 132.5 cents from 112.1 cents the previous year. The diluted headline earnings per share number was expected to come in at 133.037 cents, according to an average estimate of six analysts polled by Thomson Reuters. ...</p><br clear="all"/>http://news.yahoo.com/illovo-sugar-fy-earnings-lag-expectations-060017952--finance.htmlMon, 28 May 2012 02:00:17 -0400Reutersillovo-sugar-fy-earnings-lag-expectations-060017952--finance<p><a href="http://news.yahoo.com/illovo-sugar-fy-earnings-lag-expectations-060017952--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/i_bGeIeSSwrhyB.lUW.PBQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2012-05-28T063915Z_1_AJOE84R0IHI00_RTROPTP_2_OZABS-ILLOVOSUGAR-EARNINGS-20120528.JPG" width="130" height="86" alt="Sugar cane is seen near Santa Lucia Cotzumalguapa" align="left" title="Sugar cane is seen near Santa Lucia Cotzumalguapa" border="0" /></a>JOHANNESBURG (Reuters) - South Africa&#039;s Illovo Sugar Ltd posted an 18 percent rise in full-year earnings on Monday helped by cost cuts but the profit slightly lagged analysts expectations as sugar output fell. Illovo, a unit of Associated British Foods, said diluted headline earnings per share for the year to the end of March totalled 132.5 cents from 112.1 cents the previous year. The diluted headline earnings per share number was expected to come in at 133.037 cents, according to an average estimate of six analysts polled by Thomson Reuters. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/tongaat-hulett-says-fy-earnings-output-higher-055923741--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/wgsH8tuQRXoTjLrOXuhxqg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2012-05-28T065206Z_1_AJOE84R0J2X00_RTROPTP_2_OZABS-TONGAATHULETT-RESULTS-20120528.JPG" width="130" height="86" alt="A worker carries packets of sugar at the Mumias sugar factory in western Kenya" align="left" title="A worker carries packets of sugar at the Mumias sugar factory in western Kenya" border="0" /></a>JOHANNESBURG (Reuters) - South Africa&#039;s Tongaat Hulett reported a nearly 11 percent rise in full-year earnings on Monday, boosted by an increase in sugar output and prices and said it expected production to grow further in the next season. The agri-processing company said diluted headline earnings per share for the year to end-March totalled 819.4 cents from 739.6 cents a year ago. Headline earnings are the main profit gauge in South Africa and exclude certain one-off and non-trading items. ...</p><br clear="all"/>http://news.yahoo.com/tongaat-hulett-says-fy-earnings-output-higher-055923741--finance.htmlMon, 28 May 2012 01:59:23 -0400Reuterstongaat-hulett-says-fy-earnings-output-higher-055923741--finance<p><a href="http://news.yahoo.com/tongaat-hulett-says-fy-earnings-output-higher-055923741--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/wgsH8tuQRXoTjLrOXuhxqg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2012-05-28T065206Z_1_AJOE84R0J2X00_RTROPTP_2_OZABS-TONGAATHULETT-RESULTS-20120528.JPG" width="130" height="86" alt="A worker carries packets of sugar at the Mumias sugar factory in western Kenya" align="left" title="A worker carries packets of sugar at the Mumias sugar factory in western Kenya" border="0" /></a>JOHANNESBURG (Reuters) - South Africa&#039;s Tongaat Hulett reported a nearly 11 percent rise in full-year earnings on Monday, boosted by an increase in sugar output and prices and said it expected production to grow further in the next season. The agri-processing company said diluted headline earnings per share for the year to end-March totalled 819.4 cents from 739.6 cents a year ago. Headline earnings are the main profit gauge in South Africa and exclude certain one-off and non-trading items. ...</p><br clear="all"/>There are no major companies scheduled to report quarterly earnings next week.http://news.yahoo.com/earnings-schedule-week-5-28-2012-182602033--finance.htmlFri, 25 May 2012 14:26:02 -0400Associated Pressearnings-schedule-week-5-28-2012-182602033--financeNEW YORK (Reuters) - Americans' low use of healthcare services has proved a boon to health insurers over the past two years, reducing medical claim costs and raising profits. The growing view on Wall Street is that those days are over. A series of first-quarter earnings disappointments for health insurers in the past month has damped hopes for a repeat of the profit windfalls that led to huge stock gains in 2011. After digesting the reports, many investors fear that medical claims costs are poised to rise. ...http://news.yahoo.com/hmo-stocks-may-struggle-over-health-claim-costs-170947472--sector.htmlFri, 25 May 2012 13:12:45 -0400Reutershmo-stocks-may-struggle-over-health-claim-costs-170947472--sector<p><a href="http://news.yahoo.com/moodys-cuts-sweden-norway-bank-ratings-072907356.html"><img src="http://l2.yimg.com/bt/api/res/1.2/jNWkDBbkhbsrT2o92yZASQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/afp.com/photo_1337930918686-1-0.jpg" width="130" height="86" alt="The rating outlook on all the groups was put at &#039;stable&#039;" align="left" title="The rating outlook on all the groups was put at &#039;stable&#039;" border="0" /></a>International ratings agency Moody&#039;s said it has downgraded the ratings on several Swedish and a Norwegian bank by up to two notches, citing concerns over their funding position and modest earnings.</p><br clear="all"/>http://news.yahoo.com/moodys-cuts-sweden-norway-bank-ratings-072907356.htmlFri, 25 May 2012 03:29:07 -0400AFPmoodys-cuts-sweden-norway-bank-ratings-072907356<p><a href="http://news.yahoo.com/moodys-cuts-sweden-norway-bank-ratings-072907356.html"><img src="http://l2.yimg.com/bt/api/res/1.2/jNWkDBbkhbsrT2o92yZASQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/afp.com/photo_1337930918686-1-0.jpg" width="130" height="86" alt="The rating outlook on all the groups was put at &#039;stable&#039;" align="left" title="The rating outlook on all the groups was put at &#039;stable&#039;" border="0" /></a>International ratings agency Moody&#039;s said it has downgraded the ratings on several Swedish and a Norwegian bank by up to two notches, citing concerns over their funding position and modest earnings.</p><br clear="all"/>TORONTO (Reuters) - Concerns about lending growth and European exposure pushed Royal Bank of Canada's shares down nearly 3 percent to a 2012 low on Thursday, while rival Toronto-Dominion Bank rose slightly after its quarterly profit topped estimates. RBC, Canada's biggest bank, reported a 7 percent drop in second-quarter net profit due to an acquisition-related charge, but its core profit rose 5 percent and its adjusted earnings per share were C$1.17, just shy of analysts' average estimate of C$1.18. ...http://news.yahoo.com/rbc-stock-drops-lending-worry-td-gains-213619419--finance.htmlThu, 24 May 2012 17:36:19 -0400Reutersrbc-stock-drops-lending-worry-td-gains-213619419--financeNAIROBI (Reuters) - Kenyan tea and coffee producer Sasini said on Thursday its first-half profit plunged 71 percent to 178 million shillings due to rising input costs and lower international prices despite increased revenues. Sasini said its basic and diluted earnings per share fell to 0.78 shillings compared with 1.86 shillings in the same period last year, while revenues rose to 1.37 billion shillings from 1.26 billion a year ago. ...http://news.yahoo.com/kenyas-sasini-h1-profit-plunges-rea-vipingos-173031147--sector.htmlThu, 24 May 2012 13:30:31 -0400Reuterskenyas-sasini-h1-profit-plunges-rea-vipingos-173031147--sector<p><a href="http://news.yahoo.com/bank-earnings-rebound-lending-slackens-165529901--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/NYG0Z2YUHqi_jyq9rQp7SQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-24T172057Z_1_CBRE84N1C7000_RTROPTP_2_USA.JPG" width="130" height="86" alt="Martin Gruenberg, acting chairman of FDIC holds a news briefing" align="left" title="Martin Gruenberg, acting chairman of FDIC holds a news briefing" border="0" /></a>WASHINGTON (Reuters) - The banking industry enjoyed its highest earnings since the first half of 2007 in the first quarter, but lending slowed, reversing what had been an encouraging trend in loan growth. The Federal Deposit Insurance Corp&#039;s quarterly report, released on Thursday, showed the industry earned $35.3 billion in the first quarter, up $6.6 billion, or 22.9 percent, from a year earlier. The increase was largely due to banks setting aside less money to guard against loan losses. ...</p><br clear="all"/>http://news.yahoo.com/bank-earnings-rebound-lending-slackens-165529901--sector.htmlThu, 24 May 2012 13:20:57 -0400Reutersbank-earnings-rebound-lending-slackens-165529901--sector<p><a href="http://news.yahoo.com/bank-earnings-rebound-lending-slackens-165529901--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/NYG0Z2YUHqi_jyq9rQp7SQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-24T172057Z_1_CBRE84N1C7000_RTROPTP_2_USA.JPG" width="130" height="86" alt="Martin Gruenberg, acting chairman of FDIC holds a news briefing" align="left" title="Martin Gruenberg, acting chairman of FDIC holds a news briefing" border="0" /></a>WASHINGTON (Reuters) - The banking industry enjoyed its highest earnings since the first half of 2007 in the first quarter, but lending slowed, reversing what had been an encouraging trend in loan growth. The Federal Deposit Insurance Corp&#039;s quarterly report, released on Thursday, showed the industry earned $35.3 billion in the first quarter, up $6.6 billion, or 22.9 percent, from a year earlier. The increase was largely due to banks setting aside less money to guard against loan losses. ...</p><br clear="all"/>Car-repair shop operator Monro Muffler Brake Inc. said Thursday that its fiscal fourth-quarter net income climbed 28 percent with higher revenue, especially from opening new stores, but the results and the company's outlook for the current quarter and year's earnings fell short of Wall Street forecasts, and Monro's shares fell.http://news.yahoo.com/monro-muffler-brake-4q-results-miss-streets-view-171539752--finance.htmlThu, 24 May 2012 13:15:39 -0400Associated Pressmonro-muffler-brake-4q-results-miss-streets-view-171539752--financeU.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter.http://news.yahoo.com/us-bank-earnings-rose-winter-5-high-140452423--finance.htmlThu, 24 May 2012 13:07:00 -0400Associated Pressus-bank-earnings-rose-winter-5-high-140452423--finance(Reuters) - Aircraft equipment supplier Wesco Aircraft Holdings Inc said it will buy Canadian fasteners distributor Interfast Inc for C$134 million ($130.32 million) in cash. Wesco said the acquisition will not have a material impact on adjusted earnings in 2012 but will add to earnings from fiscal 2013. Toronto-based Interfast supplies specialty fasteners and other components for the aerospace, electronics and industrial markets. Wesco expects to close the deal toward the end of its third quarter or beginning of the fourth quarter. (Reporting by A. ...http://news.yahoo.com/wesco-aircraft-buy-canadian-fastener-supplier-111744122--finance.htmlThu, 24 May 2012 07:17:44 -0400Reuterswesco-aircraft-buy-canadian-fastener-supplier-111744122--finance(Reuters) - Royal Bank of Canada reported a 7 percent decline in quarterly earnings as an acquisition-related loss obscured strength in its domestic banking and capital markets-related businesses. RBC, Canada's largest bank, said on Thursday that net income from continuing operations was C$1.56 billion ($1.52 billion), or C$1.01 a share, in the second quarter ended April 30, compared with C$1.68 billion, or C$1.10 a share, a year earlier. Continuing operations exclude results from RBC's U.S. retail bank, which it agreed to sell last year. Excluding certain items, RBC earned C$1.17 a share. ...http://news.yahoo.com/royal-bank-canada-profit-slips-m-loss-103112873--finance.htmlThu, 24 May 2012 06:49:02 -0400Reutersroyal-bank-canada-profit-slips-m-loss-103112873--financeLISBON (Reuters) - Angola's foreign exchange reserves rose to $27.81 billion in April from a revised $26.79 billion in March, the central bank said in a statement posted on its website on Thursday. The central bank had earlier this month said reserves at the end of March stood at $26.77 billion. Angola, which is Africa's second biggest oil producer after Nigeria, depends on crude exports for over 90 percent of its foreign exchange earnings.http://news.yahoo.com/angola-fx-reserves-27-81-bln-april-cbank-104750188--business.htmlThu, 24 May 2012 06:47:50 -0400Reutersangola-fx-reserves-27-81-bln-april-cbank-104750188--business<p><a href="http://news.yahoo.com/kenyan-cfc-stanbic-banks-q1-profit-jumps-61-094109079--sector.html"><img src="http://l2.yimg.com/bt/api/res/1.2/YTK_42GytxONZqbf6HBGgw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2012-05-24T094511Z_1_AJOE84N0R3D00_RTROPTP_2_OZABS-KENYA-CFC-20120524.JPG" width="130" height="86" alt="Kenyan city residents walk past Stanbic Bank in the capital Nairobi" align="left" title="Kenyan city residents walk past Stanbic Bank in the capital Nairobi" border="0" /></a>NAIROBI (Reuters) - Kenya&#039;s CFC Stanbic bank, the main business of CFC Holdings, posted a 61 percent jump in pretax profit for the first quarter, propelled by higher income, it said on Thursday. Ranked among the largest banks in the east African nation, CFC is controlled by South Africa&#039;s Standard Bank through CFC Holdings, which also runs a financial services firm. CFC bank, which posted a pretax profit of 813.8 million shillings, nearly doubled its total interest income to just over 3 billion shillings for the period but underperformed its rivals in deposits and lending growth. ...</p><br clear="all"/>http://news.yahoo.com/kenyan-cfc-stanbic-banks-q1-profit-jumps-61-094109079--sector.htmlThu, 24 May 2012 05:41:09 -0400Reuterskenyan-cfc-stanbic-banks-q1-profit-jumps-61-094109079--sector<p><a href="http://news.yahoo.com/kenyan-cfc-stanbic-banks-q1-profit-jumps-61-094109079--sector.html"><img src="http://l2.yimg.com/bt/api/res/1.2/YTK_42GytxONZqbf6HBGgw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2012-05-24T094511Z_1_AJOE84N0R3D00_RTROPTP_2_OZABS-KENYA-CFC-20120524.JPG" width="130" height="86" alt="Kenyan city residents walk past Stanbic Bank in the capital Nairobi" align="left" title="Kenyan city residents walk past Stanbic Bank in the capital Nairobi" border="0" /></a>NAIROBI (Reuters) - Kenya&#039;s CFC Stanbic bank, the main business of CFC Holdings, posted a 61 percent jump in pretax profit for the first quarter, propelled by higher income, it said on Thursday. Ranked among the largest banks in the east African nation, CFC is controlled by South Africa&#039;s Standard Bank through CFC Holdings, which also runs a financial services firm. CFC bank, which posted a pretax profit of 813.8 million shillings, nearly doubled its total interest income to just over 3 billion shillings for the period but underperformed its rivals in deposits and lending growth. ...</p><br clear="all"/><p><a href="http://news.yahoo.com/africa-latam-thirst-beer-drives-sabmiller-062749587--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/LBeegi7Nd0AjsGw0k68i7A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2012-05-24T062833Z_1_AJOE84N0HZN00_RTROPTP_2_OZABS-SABMILLER-20120524.JPG" width="130" height="86" alt="To match feature BEER-AFRICA/" align="left" title="To match feature BEER-AFRICA/" border="0" /></a>LONDON (Reuters) - Strong growth in Africa and Latin America helped global brewer SABMiller offset a fall in beer drinking in Europe and North America, as the Grolsch and Peroni maker beat forecasts with a 12 percent rise in full-year earnings. The world&#039;s second biggest brewer earns 70 percent of its profit from fast-growing emerging markets, which helps insulate it from tough mature markets where hard-pressed consumers are economising at the bar and drinking less beer at home. ...</p><br clear="all"/>http://news.yahoo.com/africa-latam-thirst-beer-drives-sabmiller-062749587--sector.htmlThu, 24 May 2012 04:48:33 -0400Reutersafrica-latam-thirst-beer-drives-sabmiller-062749587--sector<p><a href="http://news.yahoo.com/africa-latam-thirst-beer-drives-sabmiller-062749587--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/LBeegi7Nd0AjsGw0k68i7A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_ZA/News/Reuters/2012-05-24T062833Z_1_AJOE84N0HZN00_RTROPTP_2_OZABS-SABMILLER-20120524.JPG" width="130" height="86" alt="To match feature BEER-AFRICA/" align="left" title="To match feature BEER-AFRICA/" border="0" /></a>LONDON (Reuters) - Strong growth in Africa and Latin America helped global brewer SABMiller offset a fall in beer drinking in Europe and North America, as the Grolsch and Peroni maker beat forecasts with a 12 percent rise in full-year earnings. The world&#039;s second biggest brewer earns 70 percent of its profit from fast-growing emerging markets, which helps insulate it from tough mature markets where hard-pressed consumers are economising at the bar and drinking less beer at home. ...</p><br clear="all"/>

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