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Hannover Re Posts 4Q Net Loss of $15.2M
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AP - Hannover Re AG said Thursday that its exposure to Hurricane Wilma last fall caused a fourth-quarter net loss, but the reinsurance company managed to turn a profit for the whole of 2005.
3Com posts narrower quarterly loss
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Reuters - Communications network equipment 3Com Corp. said on Thursday its fiscal third-quarter loss narrowed as revenue rose.
India's Gandhi quits parliament
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Reuters - The chief of India's ruling Congress party, Sonia Gandhi, quit on Thursday as member of parliament and a key advisory body, after charges she had violated the constitution by holding both posts.
British Supermarket Chain Posts Loss
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AP - Britain's William Morrison Supermarkets PLC reported its first annual loss on Thursday and outlined a three-year plan to revive its business.
Movie Gallery posts loss on weak box office, closures
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Reuters - Movie Gallery Inc on Thursday reported a fourth-quarter loss, citing a weak box office, charges related to store closures following its purchase of the Hollywood Video chain and other items.
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India's Sonia Gandhi resigns from parliament
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AFP - India's ruling Congress party chief Sonia Gandhi resigned from parliament following opposition allegations that she had breached parliamentary regulations by holding other salaried posts.
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Morrisons posts first annual loss
BBC
Sources: BBC
Interpublic posts quarterly loss, restates results
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Reuters - Interpublic Group of Cos. Inc. , the world's No. 3 advertising services company, on Wednesday posted a fourth-quarter loss and restated earnings for the first three quarters of 2005.
Sources: YAHOO
Nike posts rise in quarterly profit
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Reuters - Nike Inc. on Tuesday posted a 19 percent rise in quarterly profit as robust sales of footwear and apparel in key markets such as the U.S. and Americas offset stagnant demand for Nike goods in Europe and Japan.
Sources: YAHOO
Kingfisher posts slump in annual profits
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AFP - Kingfisher, the biggest European home-improvements retailer, said that its annual net profit fell by almost 70.0 percent, owing to an extremely weak performance in Britain.
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Perry Ellis posts lower quarterly profit
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Reuters - Perry Ellis International Inc. on Tuesday reported slightly lower fourth-quarter earnings.
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Kingfisher posts slump in annual profits
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AFP - Kingfisher, the biggest European home-improvements retailer, said that its annual net profit fell by almost 70 percent, owing to an extremely weak performance in Britain.
Sources: YAHOO
Hamas unveils Palestinian cabinet list
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Reuters - The Islamic militant group Hamas unveiled its full cabinet list on Monday, as expected putting loyal members in charge of all key ministries including the foreign affairs, interior and finance posts.
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Wheeling-Pittsburgh Posts $23.4M 4Q Loss
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AP - The parent of Wheeling Pittsburgh Steel Corp. blamed rising costs and falling steel prices for a fourth-quarter loss of $23.4 million, pushing shares down 5.38 percent.
Sources: YAHOO
Hamas completes government list
BBC
Palestinian group Hamas announces it has chosen a cabinet, with all key posts given to its own members.
Sources: BBC
Google Wins Legal Battle
AHN
Yvonne Lee - AHN Staff Reporter (AHN) - Google wins a two-year legal fight over the right to publish material posted on its Usenet message board. Gordon Roy Parker, who posts his works on the Internet, brought the case. He sued Google for reprinting an excerpt from a book he wrote and placed...
Sources: AHN
Hamas set to dominate new Palestinian cabinet
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AFP - Islamic militant group Hamas is set to take all key posts in a new Palestinian cabinet in the face of continued failure of coalition talks with other factions.
Sources: YAHOO
Bear Stearns Says Quarterly Income Is Up 36 Percent
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Matthew Borghese - AHN Staff Writer New York, New York (AHN) - Bear Stearns Cos., posts a first quarter rise in net income well over what analysts predicted. Bear Stearns says that in the three months ended Feb. 28, net income grew from $378.8 million to $514.2 million, up 36 percent. This...
Sources: AHN
Bear Stearns Posts 1Q Profit, Fined $250M
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AP - Bear Stearns Cos. on Thursday became the third brokerage in as many days to post record first-quarter earnings and revenues, but the good news was overshadowed by old problems — illegal market timing practices that bilked mutual fund investors out of millions.
Sources: YAHOO
AIG posts lower 4th-quarter results
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Reuters - American International Group Inc. said on Thursday fourth quarter earnings fell, hurt by a charge taken to pay for a $1.64 billion legal settlement.
Sources: YAHOO
Bear Stearns Posts 1Q Profit, Fined $250M
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AP - Bear Stearns Cos. on Thursday became the third brokerage in as many days to posted record first-quarter earnings and revenues, but the good news was overshadowed by old problems — illegal market timing practices that bilked mutual fund investors out of millions.
Sources: YAHOO
Gaz De France Posts 29 Pct. Profit Rise
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AP - State-controlled utility Gaz de France SA, which has announced plans to acquire French utility Suez SA, said Thursday its profit jumped 29 percent in 2005, partly on rising natural gas prices and growing sales volume.
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Hot Topic posts lower quarterly profit
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Reuters - Teen retailer Hot Topic Inc. said Wednesday that quarterly net profit fell, as results were hurt by lower same-store sales in the quarter.
Sources: YAHOO
Plot Uncovered to Kidnap U.S. Diplomats in Iraq
AHN
Denise Royal - AHN Staff Writer Baghdad, Iraq (AHN) - An Iraqi official says they've foiled an al-Qaeda attack. Their plans included a plot to storm the American and British embassies in Baghdad. Iraq’s interior minister says it involved placing 421 al-Qaeda operatives at guard posts...
Sources: AHN
Ross posts higher quarterly profit
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Reuters - Off-price retailer Ross Stores Inc. on Wednesday posted higher quarterly net profit, helped by robust January sales and expanding operating margins.
Sources: YAHOO
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