Among the earnings stories for Wednesday, Nov. 5, from AP Financial Desk News:
Top stories:
NEW YORK (AP)--Time Warner Inc. reported third-quarter profits Wednesday that beat Wall Street expectations, even as its AOL online unit continued to weigh down the company with a 6 percent decline in advertising revenue.
Other stories:
CHARLOTTE, N.C. (AP)--Duke Energy Corp. said Wednesday its third-quarter profit fell 65 percent due to what the company called the worst Midwest storm-related outages ever, worsening economic conditions and mild weather.
FRANKLIN LAKES, N.J. (AP)--Pharmacy benefits manager Medco Health Solutions Inc. said Wednesday its third-quarter profit rose 38 percent on higher prices for brand name drugs and new clients, topping Wall Street forecasts.
NORWELL, Mass. (AP)--Waste management services provider Clean Harbors Inc. reported Wednesday a 13 percent jump in third-quarter profit on a double-digit increase in sales.
NEW YORK (AP)--Cosmetics maker Revlon Inc. said Wednesday it swung to a third-quarter profit on a one-time gain from the sale of a unit.
LINCOLNSHIRE, Ill. (AP)--Office-products maker Acco Brands Corp. said Wednesday it swung to a third-quarter loss, hurt by restructuring and impairment charges and lower demand for products amid a weak economic environment.
TULSA, Okla. (AP)--Dollar Thrifty Automotive Group Inc. said Wednesday its third-quarter profit rose 67 percent as lower losses from derivatives offset a drop in vehicle rental revenue.
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