August 9, 2011 |
Bolstered by reviving concert attendance, Live Nation Entertainment Inc. posted a 23% jump in revenue and reversed a year-earlier loss. The world's largest concert promoter, which merged a year ago with Ticketmaster, benefited from rising attendance at its events such as a tour by the band U2, as well as higher spending by concertgoers on concessions, parking and other high-margin products. The report appears to bode well for the overall concert business, which slumped last year as consumers, spooked by the wobbly economy, pared down discretionary spending.
April 29, 2010 |
An uproar over hefty rate hikes for Anthem Blue Cross customers in California is taking a bite out of the insurer's revenue, but its parent company nonetheless reported soaring profit Wednesday. WellPoint Inc. said that earnings jumped 51% during the first three months of the year compared with the same time last year, even as it lost money in California after state regulators forced it to delay premium increases of as much as 39% for thousands of customers who buy their own insurance.
September 17, 1994
Dear Oliver Stone: If you profit from your new film, "Natural Born Killers," are you not that which you criticize? JULIE VETTER Santa Monica
July 29, 1990
Profit (in this instance) as any schoolchild could tell Campbell, is the sales price less the selling expenses and the cost price (including any costs of improvement). Period. Shame on the L.A. Times for publishing this simple writer's theory as if touted by an expert. CLIVE KENNEDY Beverly Hills Don Campbell replies: When in his question my letter writer used the word "profit" when he clearly meant "equity," my first instinct was to change the copy accordingly.
December 21, 2003
I must report the effect of recent prescription drug legislation as it applies to me. I have been paying about $30 a month for prescribed one-a-day pills; about $1 a day. Guess what the new price is this month: $145. Almost $5 per day. The profit is not in cures but in repeat sales. A research company that markets a cure is soon out of business. The profit motive works in the commodity marketplace but applied to medicinal matters, it threatens not only the physical well-being of the population but the science of medicine itself.
April 17, 2012 |
Goldman Sachs had a miserable first quarter - but mainly when it comes to public relations. The firm managed to beat analysts' expectations with better-than-anticipated profit, joining a pageant of generally strong earnings reports that buoyed the stock market. The Goldman Sachs Group Inc. earned $2.1 billion, or $3.92 a share, a 23% slump from its $2.7 billion, or $4.38 per share earnings during the same quarter a year earlier, excluding a one-time cost. But the bank's performance was still better than analysts' projections of less than $3.60 a share.
December 17, 2013 |
Frank Darabont, creator of "The Walking Dead" television series, and Creative Artists Agency are suing AMC Networks Inc. over profit from the hit cable show. Darabont, who developed the series with CAA and delivered it to AMC in 2010 and was forced off the show prior to the second season, said the company has deprived them of "tens of millions of dollars" in profit through improper and abusive "self-dealing. " In a complaint filed with the New York Supreme Court on Tuesday, the plaintiffs said that the company pays an artificially low licensing rate to the AMC affiliate that produced the show, keeping it running at a deficit while AMC benefits from the highly rated series.
August 2, 2012 |
General Motors Co. profits fell 41% as the automaker piled up losses in Europe and earned less money in the U.S. GM said it earned $1.5 billion in the second quarter, down from $2.5 billion in the same period a year earlier. Revenue dipped 4% to $37.6 billion. The company attributed the decline to strengthening of the U.S. dollar against other currencies. "Our results in North America, our international operations and at GM Financial were solid but we clearly have more work to do to offset the headwinds we face, especially in regions like Europe and South America," said Dan Akerson, GM's chief executive.
May 4, 2012 |
LinkedIn Corp., the biggest professional-networking website, rose to the highest price since its market debut after reporting first-quarter sales and profit that beat analysts' estimates amid a jump in membership. LinkedIn advanced 8.9% to $118.88 at 6:50 a.m., the highest level since it listed on the New York Stock Exchange in May 2011. The shares have more than doubled since then. LinkedIn said membership increased to 161 million from 150 million in the fourth quarter. Chief Executive Jeff Weiner is pushing mobile technology to woo more professionals to its subscription services and attract advertisers who want to reach the growing user base.
January 18, 2013 |
Morgan Stanley 's big push into wealth management seems to be paying off. The New York investment bank, which has been cutting costs as it has struggled to boost earnings, returned to profitability in the fourth quarter. Morgan Stanley reported $507 million in profit, compared to a loss of $250 million the same period in 2011. Profits from its wealth management and institutional securities divisions surged. Morgan Stanley's profit beat Wall Street estimates, and its stock surged in pre-market trading on Wall Street.