Earnings roundup: Freddie Mac, PriceSmart
Earnings roundup: Freddie Mac losses narrow, PriceSmart 4Q profit slides on operating expenses
- On 6:01 pm EST, Friday November 6, 2009
Among the earnings stories for Friday, Nov. 6, from AP Financial News:
Top stories:
WASHINGTON (AP) -- Freddie Mac says its losses narrowed to $6.3 billion in the third quarter and the company didn't need a federal cash infusion.
Other stories:
SAN DIEGO (AP) -- PriceSmart Inc., which runs warehouse-shopping clubs, said its fourth-quarter profit declined 9 percent as an increase in operating expenses hurt its bottom line.
NEW YORK (AP) -- Alternative asset manager Fortress Investment Group LLC said its third-quarter loss deepened as it cut expenses and recorded a big gain on affiliate investments.
NEW YORK (AP) -- AIG said it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.
NEW YORK (AP) -- Hedge fund and private equity firm The Blackstone Group LP posted a narrower loss for the third quarter, as its private equity holdings gained value and its real estate investments stabilized.
TROY, Mich. (AP) -- Temporary staffing company Kelly Services Inc. said its third-quarter loss widened on continued softness in the U.S. staffing market.
Related Headlines
- Wall St. Finds Profits Again, Now by Reducing Mortgages - at The New York Times
- Business events scheduled for the coming week - AP
- What's Next for Mortgage Rates? - BusinessWeek
- Attention Shifts to China for Private Equity Industry - at The New York Times
- Blackstone Unit to Buy Birds Eye Foods - at The New York Times
Related Blog Headlines
- Mortgage Backed Securities: What Happens When the Training Wheels Come Off? - at Seeking Alpha
- FDIC Keeping Mum About Real Estate Auction Results - at Seeking Alpha
- The Week In Private Equity: Buyouts Are Back, Baby! - at The Wall Street Journal Online
- Expect a Near-Term Setback in Real Estate - at Seeking Alpha
- Delinquent Mortgages Equal to Three Times the Balanced For-Sale Inventory - at Seeking Alpha
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