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Among the earnings stories for Friday, Aug. 1, from AP Financial News:
Top stories:
DETROIT (AP)--General Motors Corp. said Friday its losses widened to $15.5 billion in the second quarter as North American sales plummeted and the company faced expenses due to labor unrest and its massive restructuring plan.
Other stories:
TOLEDO, Ohio (AP)--Glass tableware maker Libbey Inc. said Friday it swung to a loss in its second quarter mainly due to a far higher tax rate, and the company increased its income tax provision.
NEW YORK (AP)--Shares of TomoTherapy Inc. plunged in premarket trading Friday after the radiation therapy device maker posted a disappointing second quarter and said economic conditions are hurting its results.
LAS VEGAS (AP)--Casino operator Boyd Gaming on Friday reported its second-quarter earnings fell 6.3 percent on sluggish economic conditions that reduced revenue, especially in the Midwest and South, though adjusted earnings beat analysts' consensus estimate.
COLUMBIA, S.C. (AP)--Electric and natural gas utility Scana Corp. said Friday its second-quarter earnings rose slightly as rate increases and customer growth helped offset higher costs, property taxes and a pricing settlement.
U.S. stocks were mixed on Thursday after retailers reported mostly disappointing sales while other big-name companies announced layoffs and Europ...
China markets opened lower on Tuesday morning as the investors' confidence hit by the signals that global recession are deepening.
The markets have spoken: risk aversion is still the name of the game and that was obvious since the beginning of the week.
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