updated Tue October 30, 2007

Earnings Roundup: US Steel 3Q Profit Drops on Lower Prices, Tenneco Earnings Triple in 3Q

Among the earnings stories for Tuesday, Oct. 30, from AP Financial News:Top stories:PITTSBURGH (AP) -- United States Steel Corp. said Tuesday its third-quarter profit fell about 35 percent with results hurt by ...

updated Tue October 30, 2007

Earnings Roundup: Sirius Satellite Radio Narrows 3Q Loss, Steris 2Q Profit Slips on Costs

Among the earnings stories for Tuesday, Oct. 30, from AP Financial News:Top stories:NEW YORK (AP) -- Sirius Satellite Radio Inc. reported a narrower third-quarter loss Tuesday and recorded a 50 percent increase...

updated Tue October 30, 2007

Foreign Exchange Hit and Higher Production Costs Could Hurt Newmont's 3rd-Quarter Results

NEW YORK (AP) -- Newmont Mining Corp. reports its third-quarter earnings on Wednesday. The following is a summary of key developments and analyst opinion related to the period.OVERVIEW: The price of gold, Newmo...

updated Tue October 30, 2007

Packeteer Resolves IRS Dispute, Will Not Pay $171 Million Fine; Expects $10 Million Charge

CUPERTINO, Calif. (AP) -- Packeteer Inc., which develops bandwidth management systems, said Tuesday it has resolved a dispute with the Internal Revenue Service and will not be subject to a previously disclosed ...

updated Tue October 30, 2007

Industrial Distribution's 3rd-Quarter Profit Slips 28 Percent

ATLANTA (AP) -- Industrial Distribution Group Inc.'s profit slipped 28 percent in the third quarter as the struggling car industry stanched demand for certain kinds of equipment, the equipment and tools maker s...

updated Tue October 30, 2007

McAfee to Pay Up to $75 Million for ScanAlert to Improve Web Security Segment

SANTA CLARA, Calif. (AP) -- Security software maker McAfee Inc. on Wednesday said it will buy privately held ScanAlert Inc. for about $51 million in cash.If certain performance targets are met, McAfee could pay...

updated Tue October 30, 2007

Martin Marietta Posts Higher 3rd-Quarter Profit on Pricing Improvements

RALEIGH, N.C. (AP) -- Martin Marietta Materials Inc., a producer of construction aggregates and magnesia-based chemicals and dolomitic lime, said Tuesday its third-quarter profit rose 19 percent as higher selli...

updated Tue October 30, 2007

Dollar Sinks to 26-Year Low Against Pound, Edges Up Against Euro

FRANKFURT, Germany (AP) -- The dollar fell to a 26-year low against the British pound but edged up against the euro in European trading Tuesday amid expectations of a U.S. interest rate cut.The pound rose to $2...

updated Tue October 30, 2007

Teradata Earnings Down 79 Percent on Expenses Related to Spinoff

DAYTON, Ohio (AP) -- Computer maker Teradata Corp., in its first earnings report as a standalone company, said Tuesday its earnings fell 79 percent in the third quarter, in part because of expenses related to i...

updated Tue October 30, 2007

Earnings Roundup: MGM Mirage Rises on Sales, Insurance Recoveries; PC Mall 3Q Profit Up 56 Pct

Among the earnings stories for Tuesday, Oct. 30, from AP Financial News:Top stories:LAS VEGAS (AP) -- MGM Mirage's third-quarter profit rose 18 percent as the world's second-largest casino company notched highe...

updated Tue October 30, 2007

Earnings Roundup: Matsushita 2Q Profit Falls on Battery Recall, FPL Group 3Q Earnings Rise

Among the earnings stories for Tuesday, Oct. 30, from AP Financial News:TOKYO (AP) -- A massive cell-phone battery recall helped drive down the profit of Matsushita, maker of Panasonic brand products, by 17 per...

updated Tue October 30, 2007

London and Tokyo Stock Exchanges to Set Up New Market in Japan for Start-Up Companies

LONDON (AP) -- The London Stock Exchange Group PLC said Tuesday that it had agreed to set up a new market with the Tokyo Stock Exchange Group for start-up companies.The LSE, which already operates a London-base...

updated Tue October 30, 2007

US Home Prices Fell in August for the Eighth Month in a Row, No Turnaround in Sight

NEW YORK (AP) -- U.S. home prices fell nationwide in August for the eighth consecutive month, offering little hope of a turnaround anytime soon, according to the S&P/Case-Shiller index released Tuesday. Thi...

updated Tue October 30, 2007

ON Semiconductor Sees 4th-Quarter Revenue Up Slightly From 3rd Quarter, but Below Wall Street

PHOENIX (AP) -- ON Semiconductor Corp. predicted Tuesday that its fourth-quarter revenue to be flat to 2 percent higher compared with its third-quarter revenue but below Wall Street estimates, based on backlog ...

updated Tue October 30, 2007

FirstEnergy 3rd-Qtr Profit Falls on Higher Costs, but Beats Wall Street's Expectations

NEW YORK (AP) -- FirstEnergy Corp. said Tuesday its third-quarter earnings fell 9 percent on higher purchased power and distribution costs, but still beat analysts' expectations.The company earned $413 million,...

updated Tue October 30, 2007

Consumer Confidence Falls in October to the Lowest Level in 2 Years

NEW YORK (AP) -- A key barometer of consumer sentiment dropped to its lowest level in two years, igniting concern that the upcoming holiday shopping season would be lukewarm.The New York-based Conference Board ...

updated Tue October 30, 2007

Consumer Products Shares Mixed After 'Solid' Reports From P&G, Colgate-Palmolive

NEW YORK (AP) -- Shares of consumer-products makers were mixed on Tuesday, as both Colgate-Palmolive Co. and Procter & Gamble Co. reported strong quarterly results, but P&G warned rising costs might hur...

updated Tue October 30, 2007

Imax Rises As Analyst Upgrades Co., Citing Anticipated Growth Related to New Digital System

NEW YORK (AP) -- Shares of Imax Corp. rose Tuesday as a Soleil Research Associates analyst upgraded the maker of movie projection systems for use on giant screens, citing anticipated growth related to the upcom...

updated Tue October 30, 2007

Earnings Roundup: Sepracor Posts Lower Profit, Jarden Earnings Slide 59 Percent

Among the earnings stories for Tuesday, Oct. 30, from AP Financial News:MARLBOROUGH, Mass. (AP) -- Sepracor Inc., which makes prescription drugs such as insomnia treatment Lunesta, said Tuesday third-quarter pr...

updated Tue October 30, 2007

Midwest Air Group Shareholders Approve $450 Million Sale to TPG

MILWAUKEE (AP) -- Midwest Air Group Inc.'s shareholders approved a $450 million buyout Tuesday by private equity firm TPG Capital.A majority of shareholders approved the sale at a special meeting in the company...