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Earnings of Daily Record parent fall short of estimates
Shares of The Dolan Company, parent of The Daily Record, fell more than 7½ percent Wednesday after the company announced fourth-quarter earnings that failed to meet analysts’ estimates. Minneapolis-based Dolan […]
Marriott to spin off timeshare business
Marriott International Inc. is splitting into two publicly traded companies. The Bethesda-based company said as it reported on its earnings Monday that it will spin off its timeshare development and […]
Northrop Grumman 4Q profit falls 9 percent
NEW YORK — Defense contractor Northrop Grumman says its fourth-quarter profit fell 9 percent because of one-time costs and lower revenue at three of its biggest segments. The Los Angeles […]
Legg Mason’s 3Q profit up 37 percent
Baltimore money manager Legg Mason Inc. said Wednesday its fiscal third-quarter profit increased 37 percent to $61.6 million on revenue of $721.9 million. CEO Mark Fetting attributed the “solid earnings” […]
Strong earnings from GE, others lift stock prices
NEW YORK — Stocks are heading higher after General Electric and other companies reported strong quarterly profits. General Electric Co. posted earnings Friday that beat expectations. Bank of America Corp., […]
Banks report fewer mortgages going bad
Americans are starting to get their household finances in order. In an encouraging round of earnings reports, major banks say fewer mortgages are going bad, credit card defaults are down […]
GlaxoSmithKline to take $3.4B charge on Avandia
LONDON — Pharmaceutical company GlaxoSmithKline PLC said Monday it will take a 2.2 billion pounds ($3.4 billion) charge against earnings in the fourth quarter to provide for litigation over its […]
Ciena posts loss despite revenue hike
Communications equipment maker Ciena Corp. said Thursday revenue jumped 7 percent in its fiscal fourth quarter, but that was not enough to keep the company from posting a loss of […]
Jos. A. Bank’s profit up 8 percent, but misses analyst estimates
Jos. A. Bank Clothiers Inc. said Wednesday that its fiscal third-quarter profit climbed 8 percent, helped by solid sales in the last two months of the period. But the results […]
Frenkel: Don’t overlook converting old IRA to a Roth
This is the first year that many individuals will be able to convert existing IRAs (or workplace savings plans) to a Roth IRA. Income limits that previously prevented individuals or […]
Viacom to sell ‘Rock Band’; earnings top estimates
NEW YORK — For Viacom Inc., Thursday was the day the music died. Or at least the catchy pop tunes emanating from its “Rock Band” video games. Viacom said the […]
GM reports $2B 3Q profit ahead of stock offering
DETROIT — Strong profits on new cars and trucks helped General Motors Co. earn $2 billion in the third quarter, enhancing the company’s appeal as it nears next week’s initial […]
