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BUSINESS
July 21, 1998 | RICHARD NATALE
Opening weekend for Sony's "The Mask of Zorro" and Fox's "There's Something About Mary" may be deceiving in terms of their true potential. Worldwide theatrical gross for romantic adventure "Zorro" should hit $150 million and could easily exceed $200 million. If it grosses more than $100 million in the U.S., "Zorro" would move into the serious profit category for Sony. Strong holding power would do the same for "Mary," which will certainly bring a return on Fox's modest investment.
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BUSINESS
March 20, 1998 | From Reuters
Here are Wall Street analysts' consensus expectations for first-quarter earnings in some key industries: * The energy sector has been hit hard this quarter, with earnings expected to fall 24%, on average, from a year earlier, according to Chuck Hill, director of research at First Call, which tracks profit forecasts on Wall Street. With oil prices hitting nine-year lows this week, earnings at big refiners and marketers such as Exxon Corp. and Mobil Corp.
ENTERTAINMENT
November 3, 1998 | BRIAN LOWRY
Who owns a television show--and thus stands to make money if a series becomes the next "Seinfeld" or "Home Improvement"--generally interests only those people who obsess over who ranks where on Entertainment Weekly's list of Hollywood power players. Fans of "ER" and "Friends" care about those shows being there for them each Thursday; they don't care how Warner Bros. has cashed in selling rerun rights.
BUSINESS
February 21, 2003 | From Reuters
Major U.S. retailers reported higher fourth-quarter profits Thursday, although many relied on cost-cutting and credit card business to offset a disappointing holiday shopping season. J.C. Penney Co. beat earnings forecasts, while Target Corp. just managed to hit its mark, but Target's shares fell amid concerns about its credit card business. Upscale retailer Nordstrom Inc. reported an 18% jump in quarterly profit, just ahead of Wall Street expectations, as it kept costs in check.
BUSINESS
April 15, 1999 | From Bloomberg News
TRW Inc. warned Wednesday that its profit would be below analysts' estimates for the first quarter because of delayed contracts in its space and defense business and shrinking margins in its automotive business. TRW expects to earn 83 cents a share, below the $1 average estimate of analysts surveyed by First Call Corp. Delays in restructuring its automotive unit have narrowed margins, the company said. The warning comes as TRW is about to complete its biggest acquisition ever.
BUSINESS
November 7, 2001 | Reuters
Univision Communications Inc. on Tuesday posted weaker third-quarter earnings than a year earlier, hurt by additional costs related to the Sept. 11 terrorist attacks. The No. 1 Spanish-language broadcaster did manage to boost revenue by 5%. The company reduced its full-year projections, citing the effect of world events on the economic climate, and said the overall television advertising market will fall sharply in the fourth quarter.
ENTERTAINMENT
December 2, 2006 | From the Associated Press
Add "The Color Purple" to Broadway's financial hit column. The stage version of Alice Walker's Pulitzer Prize-winning novel has recouped its $11-million investment -- less than a year after opening in New York, producer Scott Sanders said Friday. The musical, the story of a determined black woman's triumph over adversity, has grossed more than $60 million since opening Dec. 1, 2005, at the Broadway Theatre, one of New York's largest playhouses. It has been seen by almost 750,000 theater-goers.
CALIFORNIA | LOCAL
July 8, 2010 | By Victoria Kim, Los Angeles Times
Nearly a decade after the fictional San Francisco police detective Nash Bridges called it quits, the actor who played him will be receiving a belated $23.2-million check in profits from the show. That's the sum a Los Angeles jury on Wednesday found that actor Don Johnson was owed from the production company Rysher Entertainment in profits accrued to date from the show, which Johnson's attorney said is still being shown in more than 40 countries around the world. Johnson, the former "Miami Vice" star, sued Rysher, saying he was entitled to half the profits from the show because he owned half of its copyright.
BUSINESS
March 1, 1987
Ultrasystems Inc. said it expects to post record revenues for its fiscal year ended Jan. 31, but it said profits will slip because of the third quarter write-off of its investment in the Dawn Enterprises ethanol refinery in North Dakota. Phillip J. Stevens, president of the Irvine-based engineering and alternate energy systems company, said he expects revenues to total about $154 million, up about 1% from $152.6 million the previous year. Profits should be "in excess" of $1.
BUSINESS
December 14, 1997
Reality ignored brings ease of mind ["Microsoft Testing Limits on Temp Worker Use," Dec. 7]. The truth is that our vaunted market economy legitimizes and rewards cruel and selfish practices by entrepreneurs. Bill Gates' freedom to hire and fire temp workers indiscriminately to improve profits is wrong. When profits are put above human welfare, then ethics fly out the window. The fact that we have all been taught that an economic system based on greed is best does not make it best.
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