Red Fannie
Fannie Mae, the biggest backer of US home loans, reported a $2.4 billion net loss for the fourth quarter and sought nearly $4.6 billion from the Treasury Department to balance its books.
Video cuts
Activision Blizzard, the largest US video publisher, said it was cutting 600 jobs globally in the unit that makes Internet games including the company’s most profitable property, “World of Warcraft.”
Lemon Juicy
Liz Claiborne reported a lower profit from its continuing businesses for the holiday quarter, as its largest brand, Juicy Couture, continued to struggle. Total sales fell 2.6 percent to $447.1 million.
Ford’s in a fix
Lewis Booth, retiring April 1 as Ford’s CFO, said that the automaker may lose $500 million to $600 million this year in Europe.
Hammered
Sotheby’s, the arts auctioneer, said fourth quarter profit fell 26 percent. The New York company’s net income fell to $71.5 million from $96.2 million a year earlier.
Copyright 2010 Thomson Reuters. Click For Restrictions
Juicy Couture, Red FannieFannie Mae online, Treasury Department, video publisher
No comments:
Post a Comment