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.
April 17, 2012 |
Toy giant Mattel Inc.reported a 53% decline in profit in the first quarter, sending its stock down more than 9%, after higher production costs, slower sales of Barbie and Hot Wheels and a recent acquisition affected its bottom line. For the three months ended March 31, sales totaled $928.4 million, down 2% compared with $951.9 million in the same quarter last year, the company said Monday. Profit dropped to $7.8 million, or 2 cents a share, from $16.6 million, or 5 cents. The results fell below analyst expectations of a profit of 7 cents a share.
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
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.
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.
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.
May 1, 2012 |
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.
January 29, 2013 |
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.