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Sony shares rise in Tokyo after earnings
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AP
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24 minutes ago
Sony Corp. shares jumped 9.1 percent in Thursday morning trading, a day after the Japanese electronics and entertainment company released upbeat earnings that included a record fiscal year profit.
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Judge: Countrywide shareholders' suit can proceed
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AP
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41 minutes ago
A federal judge has ruled that a shareholder lawsuit against Countrywide Financial Corp. executives and directors should go to trial, rejecting several arguments by the troubled mortgage lender to dismiss the case.
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SEC charges Broadcom co-founders in options probe
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AP
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1 hour, 31 minutes ago
Securities regulators on Wednesday charged Broadcom Corp. co-founders Henry T. Nicholas III and Henry Samueli with falsifying the company's reported income, leading to what is believed to be the largest accounting restatement yet because of backdating stock options.
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Mesa Air shareholders approve debt plan
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AP
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Wed 9:30 pm ET
Mesa Air Group Inc. said Wednesday its shareholders authorized it to issue millions of new shares to pay off upcoming costs.
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Accounting changes help Freddie Mac 1Q beat views
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AP
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Wed 9:24 pm ET
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.
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Gas above $3.75; oil falls on mixed supply report
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AP
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Wed 9:20 pm ET
Gas prices roared above $3.75 a gallon Wednesday, while oil prices fell after an Energy Department report gave a mixed picture of the nation's petroleum reserves.
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AP source: United, Continental in alliance talks
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AP
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Wed 9:16 pm ET
United Airlines and Continental Airlines Inc. are talking about forming an alliance to gain some benefits of working together without going through a merger, which Continental rejected last month, a person close to the talks said Wednesday.
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Lee Enterprises revised Q2 earnings to reflect wider loss
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AP
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Wed 8:48 pm ET
Newspaper publisher Lee Enterprises Inc. revised figures for its second fiscal quarter Wednesday to include charges related to a reduction in the value of its assets.
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Earnings roundup: American Apparel, Stanley
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AP
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Wed 6:32 pm ET
Shares of apparel maker American Apparel Inc. fell on Thursday after the company reported 1st-quarter profit fell 34 percent, but one analyst said the quarter was strong.
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Moody's lowers Six Flags default rating
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AP
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Wed 6:31 pm ET
Moody's Investors Service on Wednesday lowered its probability of default rating on theme park operator Six Flags Inc., citing the company's offer to swap certain senior notes for ones with lengthier payback dates.
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Earnings roundup: Freddie Mac, Macy's
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AP
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Wed 6:30 pm ET
Among the earnings stories for Wednesday, May 14, from AP Financial News: 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.
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Outlook roundup: Agilent Technologies, Stanley
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AP
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Wed 6:29 pm ET
Among the earnings projection stories for Wednesday, May 14, from AP Financial News: SANTA CLARA, Calif. -- Scientific equipment maker Agilent Technologies Inc. on Wednesday forecast results within range of analyst expectations for the third and fourth quarters of fiscal 2008 and the full year.
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Advance America could exit Ohio if bill signed
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AP
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Wed 6:29 pm ET
Advance America, Cash Advance Centers Inc., on Wednesday said it might close the 246 centers in Ohio if the state's governor approves a bill that would cap payday loan annual interest rates at 28 percent.
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Steak n Shake swings to 2Q loss as sales decline
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AP
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Wed 6:25 pm ET
Restaurant chain operator Steak n Shake Co. said Wednesday it swung to a fiscal second-quarter loss as the economy weakened and competitors ramped up promotional efforts.
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Churchill Downs files suit versus Ky. horsemen
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AP
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Wed 6:23 pm ET
Churchill Downs Inc., Churchill Downs Technology Initiatives Co. and Calder Race Course Inc. said Wednesday they filed suit against the Kentucky Horsemen's Benevolent & Protective Association, the Kentucky Thoroughbred Association and officers of each group.
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Deere 2Q profit rises, but warns of cost trouble ahead
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AP
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Wed 6:12 pm ET
Deere & Co., the world's biggest maker of farm machinery, said Wednesday its second-quarter profit rose 22 percent, propelled by lofty crop prices that stoked global demand for its farm equipment despite a faltering U.S. economy.
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Acxiom names John A. Adams chief operating officer
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AP
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Wed 6:12 pm ET
Marketing-services company Acxiom Corp. on Wednesday named John A. Adams as chief operating officer and executive vice president.
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Sina 1st-quarter profit rises over 86 percent
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AP
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Wed 6:10 pm ET
China-based Internet portal operator Sina Corp. said Wednesday that its first-quarter profit rose 86.6 percent, helped by rising advertising revenue and interest and other income.
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Spectra Energy Partners CFO Mitchell retires
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AP
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Wed 6:06 pm ET
Spectra Energy Partners LP said Wednesday Lon C. Mitchell, Jr. has retired as vice president and chief financial officer of Spectra Energy Partners GP LLC, the partnership's general partner, and will be succeeded by Laura Buss Sayavedra.
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