October 23, 2010 |
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.
April 22, 2010 |
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.
August 4, 2011 |
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.
January 7, 2010 |
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."
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.
March 2, 2012 |
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.
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.
October 24, 2013 |
Ford Motor Co. posted strong third-quarter earnings, helped by growing sales and improvements in Europe and South America, troubled regions for the auto industry in recent years. Ford said Thursday that it earned $1.3 billion, down 22% from $1.6 billion in the same period a year ago. However, the latest results include special charges of $498 million, including $250 million to cover the restructuring of its European operations, where Ford is closing factories and laying off workers.