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{ Tag Archives } second-quarter

Talbots returns to 2Q profit, offers weak outlook (AP)

AP – Women’s clothing seller The Talbots Inc. returned to a profit in the fiscal second quarter as the company cut costs to offset slightly lower revenue.

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Loan picture improves but troubles remain: FDIC (Reuters)

Reuters – The U.S. loan picture improved slightly during the second quarter, with the amount of loans 90 days or more past due declining for the first time in more than four years, bank regulators said on Tuesday.

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Summary Box: British 2Q economic growth revised up (AP)

AP – CONSTRUCTION BOOSTS GROWTH: Britain’s economy grew by 1.2 percent during the second quarter, faster than the earlier estimate of 1.1 percent, thanks to a sharp rise in construction.

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Pacific Sunwear fiscal 2Q loss widens, shares fall (AP)

AP – Teen retailer Pacific Sunwear of California Inc. posted a wider loss in its fiscal second quarter as sales fell 10 percent and issued a third-quarter outlook that partly fell below analyst expectations.

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Nissan spent $870K on 2Q lobbying (AP)

AP – Automaker Nissan’s North American division spent $870,000 lobbying Congress and the federal government during the second quarter on a range of issues from vehicle safety to financial reform.

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Dell 2Q net income rises 16 percent (AP)

AP – PC maker Dell Inc.

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GM Turnaround Continues With Strong Quarter – New York Times

msnbc.com GM Turnaround Continues With Strong Quarter New York Times DETROIT — General Motors said Thursday that it earned $1.3 billion in the second quarter, citing sustained progress in rebuilding operations after emerging from its government-sponsored bankruptcy last year. … GM reports profit of $1.3 billion in second quarter … Read more: GM Turnaround Continues With Strong Quarter – New York Times View post: GM Turnaround Continues With Strong Quarter – New York Times Call or visit our website to speak to a bankruptcy attorney or learn more about filing for bankruptcy . Baxter & Baxter, LLP 8835 SW Canyon Lane, Suite 130 Portland, Oregon 97225 (503) 297-9031 Portland Oregon Bankruptcy Baxter & Baxter, LLP 1101 Broadway Street, Suite 213 Vancouver, Washington 98660 (360) 574-5239 Vancouver WA Bankruptcy

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Chrysler Posts Loss

Chrysler reported a net loss of $172 million for the second quarter amid sluggish sales, the latest sign the smallest of the Detroit three auto makers continues to struggle a year after emerging from bankruptcy reorganization. More: Chrysler Posts Loss

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Summary Box: NYSE Euronext earns $184M in 2nd qtr (AP)

AP – TURNAROUND: NYSE Euronext earned $184 million, or 70 cents per share, during the second quarter after losing $182 million, or 70 cents per share, a year ago.

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Metro quarterly profit off by 15.4 percent (AFP)

AFP – German retail giant Metro posted Monday a 15.4 percent drop in second quarter net profit to 44 million euros (57 million dollars), well below analyst’s forecasts owing to restructuring charges and higher interest payments.

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