Earnings Roundup: Bear Stearns, NovaGold

NEW YORK (AP) Bear Stearns Cos. said Monday its first-quarter profit fell just below Wall Street expectations as it prepares to be acquired by rival JPMorgan Chase & Co.

VANCOUVER, British Columbia (AP) NovaGold Resources Inc. said Monday it swung to a profit in its fiscal 2008 first quarter as it sold shares in another gold mining company and halted construction at a Canadian mining site.

CHARLOTTE, N.C. (AP) Wachovia Corp., the nation's fourth-largest bank reported a $393 million first quarter loss and has been forced to cut its dividend and seek a $7 billion cash injection to make up for a poorly timed expansion of its mortgage business.

STANLEYTOWN, Va. (AP) Stanley Furniture Co., which makes wood furniture for the residential market, said Monday its first-quarter profit tumbled 37 percent, but beat Wall Street's expectations.

LOWELL, Ark. (AP) J.B. Hunt Transport Services Inc., which provides truckload and intermodal shipping services, said Monday its first-quarter profit tumbled 18 percent because of weak freight demand and a jump in fuel prices.