Outlook roundup: Bank of America, GigaMedia

CHARLOTTE, N.C. (AP) -Bank of America reported rising credit costs Tuesday, as it continues to wade through a challenging economic cycle.

NEW YORK (AP) -Online gaming company GigaMedia Ltd. said Tuesday it anticipates second-quarter sales to approximately match its $54.6 million in sales in the first quarter, largely because of a seasonal slowdown.

NEW YORK (AP) -Canadian Solar Inc., which makes solar cells, on Tuesday forecast second-quarter revenue well ahead of what analysts expect for the period.

RICHARDSON, Texas (AP) -Fossil Inc. said Tuesday it expects fiscal 2008 earnings to come in above analysts' estimates, after reporting its first-quarter profit climbed 21 percent.

NEW YORK (AP) -Clothing retailer Liz Claiborne Inc. on Tuesday cut its 2008 profit guidance, citing the difficult economic environment for retail in the U.S. and Europe.