Topic: Earnings and Losses
Metro 2009 net income falls 7 percent
AP News
German retailer Metro net income down 7 percent in 2009 to $716 millionGerman retailer Metro AG said Wednesday its 2009 net income fell 7 percent to euro519 million ($716 million) as the economic downturn cut into sales at most divisions, including its Kaufhof department stores and Cash & Carry wholesale ...
Focus Media posts narrower 4Q loss
AP News
Focus Media posts narrower 4Q loss as one-time accounting charges fallChina's Focus Media Holding Ltd. said Tuesday that a drop in one-time expenses helped narrow its fourth-quarter loss. The company, which runs advertising networks, posted a net loss of $52.5 million, or 39 cents per share, for the ...
Movado to post 4Q loss, industry woes continue
AP News
Movado to post 4Q loss as jewelry industry continues to hurtLuxury watch maker Movado Group Inc. on Monday said it expects to report a fourth-quarter loss, hurt by several charges in the quarter related to the downturn in the jewelry industry. The announcement after the market closed sent shares falling ...
Toreador 4Q loss narrows as oil prices rebound
AP News
Toreador 4Q loss narrows as oil prices rise, offsetting production declineFrench energy company Toreador Resources Corp. said Monday that its fourth-quarter loss narrowed to $5 million as rising oil prices partially offset falling production. Toreador said the average price of oil rose 34 percent in its fiscal fourth quarter, helping ...
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