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BUSINESS
October 23, 2010 | By E. Scott Reckard, Los Angeles Times
Shares of City National Corp. jumped Friday after the Los Angeles bank said its third-quarter profit quadrupled thanks to a continuing trend of fast-growing deposits, rising fee income and shrinking loan losses. City National earned $34.4 million, or 65 cents a share, in the latest quarter, up from $8 million, or 5 cents, a year earlier. Revenue climbed 11% to $254.5 million, reflecting the acquisition in the last year of three failed banks in La Jolla, San Diego and Las Vegas.
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BUSINESS
April 22, 2010 | Bloomberg News
Microsoft Corp. reported fiscal third-quarter revenue that missed analysts' most optimistic predictions, a sign that corporate customers may be putting off computer purchases. Sales rose 6.3% to $14.5 billion, compared with analysts' estimates that were as high as $14.8 billion for the quarter that ended March 31. While Microsoft's Windows business has benefited from increased consumer purchases of personal computers, corporations have hung back, avoiding spending on new machines and contracts with the Redmond, Washington-based software maker.
BUSINESS
August 4, 2011 | Bloomberg News
LinkedIn Corp., the largest professional-networking website, unexpectedly reported a second-quarter profit as it lured new members following a May initial public offering. Profit excluding certain costs was $10.8 million, or 10 cents a share, the Mountain View, Calif.-based company said Thursday. Sales soared to $121 million. Analysts on average had predicted a loss of 1 cent a share on $106.4 million in revenue, according to data compiled by Bloomberg. LinkedIn, the first U.S. social network to sell shares to the public, has been hiring sales staff and working to add features in an effort to attract more professionals to its site internationally.
BUSINESS
January 7, 2010 | By Jerry Hirsch
General Motors Co. could make a profit this year following years of massive losses, according to a tempered prediction by Edward J. Whitacre Jr., the automaker's chairman and interim chief executive. Speaking to reporters Wednesday, Whitacre said he was "pretty pleased" with how the restructured GM was operating after its emergence from bankruptcy in July. But he noted there was much more work to do -- primarily in persuading consumers that GM makes "quality" vehicles that are "cool to drive."
BUSINESS
April 29, 2010 | By Duke Helfand, Los Angeles Times
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.
ENTERTAINMENT
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
BUSINESS
March 2, 2012 | By Tiffany Hsu, Los Angeles Times
DineEquity Inc., the Glendale-based owner of the Applebee's and IHOP restaurant chains, had a strong fourth quarter after suffering a severe slump a year earlier. Several factors helped the recovery, including the company's increase in franchising, warmer weather that drew out more diners and remodeling efforts that have freshened up hundreds of Applebee's locations. Profit for the quarter that ended Dec. 31 jumped to $27.3 million, or $1.51 cents a share, compared with a loss of $58.1 million, or $3.33 cents a share, from the fourth quarter of 2010.
NEWS
May 4, 2012 | Bloomberg News
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.
BUSINESS
May 1, 2012 | By Tiffany Hsu
DineEquity Inc., the Glendale-based owner of IHOP Restaurants and Applebee's Neighborhood Grill & Bar, is making a heavy push toward franchising. More than 95% of the company's thousands of restaurants are now owned by entrepreneurs, DineEquity said Tuesday when it announced its first quarter earnings . The franchise model helps keep the company's balance sheet from wild swings, leading to a 5.5% boost in profit to $31.3 million, or $1.64 a share, from $29.7 million, or $1.53 a share during the same quarter a year earlier.
AUTOS
January 29, 2013 | By Jerry Hirsch
Strong business in North America helped Ford Motor Co. post a big increase in fourth-quarter profit Tuesday, excluding a tax adjustment last year, but the automaker is still being hurt by Europe's economic malaise. The nation's second-largest automaker earned $1.6 billion in the latest quarter, up 55% from a year earlier.  For the year, earnings slipped 5% to $5.7 billion. The results don't include the effect of 2011 changes in valuation allowance against deferred tax assets, which greatly increased net income last year.
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