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Earnings roundup: Dana Holding, AutoNation



By AP
06 November 2008 @ 10:33 am EST

Among the earnings stories for Thursday, Nov. 6, from AP Financial News:

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TOLEDO, Ohio (AP)--Dana Holding Corp. said Thursday it will close up to 10 plants and cut 2,000 more employees than originally planned as the auto parts maker's net loss widened in the third quarter.

RICHMOND, Va. (AP)--AutoNation Inc. said Thursday it swung to a loss in the third quarter, with customers finding it increasingly difficult to get a car loan and the overall economy heading south.

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STAMFORD, Conn. (AP)--Sports entertainment company World Wrestling Entertainment Inc. said Thursday its third-quarter profit slid 37 percent, weighed down by slowing revenue growth.

Cablevision Systems Corp. swung to a profit in the third quarter as strong gains in its cable service, programming and Madison Square Garden businesses buoyed results.

PARK RIDGE, N.J. (AP)--Car-rental chain Hertz Global Holdings Inc. said its third-quarter earnings fell 89 percent as it prepares to cut 4.7 percent of it work force and close locations during a wrenching time for the industry.

Cable operator Charter Communications on Thursday reported a narrower third-quarter loss compared with a year earlier, helped by gains in phone and high-speed Internet revenue as well as cable TV price increases.

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 This material may not be published, broadcast, rewritten or redistributed.

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