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Earnings roundup: Marsh & McLennan, Transocean



By AP
06 August 2008 @ 10:37 am EST

Among the earnings stories for Wednesday, Aug. 6, from AP Financial News:

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NEW YORK (AP)--Marsh & McLennan says its second-quarter earnings fell 63 percent as it took a $115 million non-cash impairment charge.

HOUSTON (AP)--Transocean Inc., the world's largest offshore drilling contractor, says its second-quarter profits nearly doubled after buying smaller competitor GlobalSantaFe late last year.

NEW YORK (AP)--Time Warner Cable Inc.'s second-quarter earnings edged higher as increased Internet cable and phone revenue overcame costs related to its planned split from parent Time Warner Inc., the company said Wednesday.

ST. GEORGE, UTAH (AP)--SkyWest Inc., parent of SkyWest Airlines and Atlantic Southeast Airlines, said Wednesday its second-quarter profit fell 10 percent despite an 11 percent increase in sales.

BIRMINGHAM, Ala. (AP)--Protective Life Corp., an insurance and investment products provider, said Tuesday second-quarter earnings fell 41 percent, hurt by impairment charges.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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