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Earnings roundup: AIG, Tyson Foods, GLG Partners



By AP
10 November 2008 @ 10:45 am EST

Among the earnings stories for Monday, Nov. 10, from AP Financial News:

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AIG 1.64 -0.1
TSN 8.26 -0.58
GLG 2.88 -0.42
DISH 12.02 0.04
LNY 12.47 -0.4
FTR 8.47 -0.09

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CHARLOTTE, N.C. (AP)--American International Group Inc., once the world's largest insurer, said Monday that continued financial market turmoil resulted in a third-quarter loss of $24.5 billion. It received more government aid.

LITTLE ROCK, Ark. (AP)--Tyson Foods Inc., the world's largest meat company, said Monday that higher sales drove fiscal fourth-quarter profit to $48 million from $32 million a year ago.

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NEW YORK (AP)--Asset manager GLG Partners Inc. said Monday it posted a loss during the third quarter as it took special compensation-related charges.

Dish Network Corp., the nation's second-largest satellite TV provider, on Monday reported a 54 percent drop in third-quarter net income as it spent more on promotions to keep customers from canceling and wrote down the value of its investments.

HOUSTON (AP)--Landry's Restaurants Inc. said Monday it posted a wider third-quarter loss because of hurricane-related charges and a decline in same-store sales.

STAMFORD, Conn. (AP)--Frontier Communications Corp., previously known as Citizens Communications Co., said Monday that third-quarter earnings dipped less than 1 percent, missing Wall Street's expectations, as the company lost access lines.

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 This material may not be published, broadcast, rewritten or redistributed.

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