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441. Archer Daniels Midland profit drops 61 percent
Archer Daniels Midland Co. said Tuesday its fourth-quarter profit plunged 61 percent, coming in below expectations, even though revenues soared. The results disappointed analysts who worry ADM's future might only get tougher as grain prices fall from historically high levels.
05 Aug 2008
442. LSI shares down 4 percent on Lehman downgrade
Shares of LSI Corp. were down nearly 4 percent Tuesday after Lehman Brothers downgraded the stock to "Underweight" from "Equal Weight" and cut its price target to $7 from $8 because the shares are already up 30 percent so far this year.
05 Aug 2008
443. Midday Glance: Chemicals companies
Shares of some top chemicals companies are up at noon: Chemtura rose $.18 or 2.8 percent, to $6.51.
05 Aug 2008
444. WGL Holdings shares down on 3Q loss
Shares of WGL Holdings Inc. slid Tuesday after the natural gas company fell to a loss in its latest quarter and lowered its fiscal 2008 guidance. The stock lost $1.66, or 4.8 percent, to $33 in afternoon trading.
05 Aug 2008
445. Report: China intensifies crackdown on Tibet
Days before the start of the Beijing Olympics, a pro-Tibet activist group is criticizing China for intensifying a crackdown on Tibet and sealing off virtually the entire Tibetan plateau to "hide its repression."
05 Aug 2008
446. Swiss Re profit down, buys Barclays unit
Swiss Reinsurance Co. reported a 53 percent drop in second-quarter net profit Tuesday, citing ongoing financial turmoil on the world markets. The world's largest reinsurer said its net profit during the three months to June was 564 million Swiss francs ($536 million), or 1.70 francs ($1.61) per share. That compares with 1.19 billion francs, or 3.50 francs per share, in the same period last year.
05 Aug 2008
447. Rackable Systems down after 2Q results disappoint
Rackable Systems Inc. shares fell sharply Tuesday after the server and storage system maker reported second-quarter results that missed Wall Street expectations due to component shortages and price discounts.
05 Aug 2008
448. St. Mary 2nd-quarter profit down 43 percent
Natural-gas and oil company St. Mary Land & Exploration Co. on Tuesday reported a 43 percent drop in second-quarter profit that met Wall Street expectations, excluding one-time items.
05 Aug 2008
449. Flotek Industries CFO Lisa Meier steps down
Flotek Industries Inc. said Tuesday that Lisa Meier resigned as the oilfield services company's chief financial officer and senior vice president. Houston-based Flotek said Meier would resign effective Friday "to pursue other interests."
05 Aug 2008
450. Rowan Cos. 2Q profit down but narrowly tops Street
Offshore contract drilling services company Rowan Cos. on Tuesday reported a 6 percent drop in second-quarter earnings, but narrowly beat Wall Street expectations.
05 Aug 2008
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