Global Investing Roundups Tuesday, October 21st, 2008
Contrarian Profits (October 21st, 2008) Writes:
Halliburton’s Slight Loss; “The Force” Boosts Hasbro; Better-Than-Expected Economic Outlook; Indian Airline Labor Reversal; NetFlix Earnings Pop; Home Prices to Fall Another 10%; Citi Wins Settlement; Merrill Cuts Jobs
Halliburton Co. (HAL) yesterday (Monday) announced a third quarter loss of $21 million, or 2 cents per share, compared to a gain of $727 million, or 79 cents a share, for the same period in the prior year. The Houston, Tex.-based oil and energy services firm attributed the loss to financing expenses including $693 million in costs related to the redemption of convertible bonds, Bloomberg News reported. Toymaker Hasbro Inc. (HAS) posted a gain of $138.2 million, or 89 cents a share, for its fiscal third quarter, compared with a profit of $161.6 million, or 95 cents per share, which included a tax benefit of 17 cents per share for the same period in 2007. ...Tags for this Post:
Airline, bloomberg, cents, Citigroup Inc, Conference Board, contrarian profits, Energy-Services, Fitch Ratings Inc., Halliburton Co., Hasbro Inc, Houston, India, Indian Government, Jet Airways Ltd., Ken Goldstein, Market Commentary, Merrill Cuts Jobs, Merrill Lynch & Co. Inc., Netflix Inc., Oil, Parmalat SpA, Praful Patel, private airline, Reuters, The Financial Times, tough retail environment, United States, USD
Airline, bloomberg, cents, Citigroup Inc, Conference Board, contrarian profits, Energy-Services, Fitch Ratings Inc., Halliburton Co., Hasbro Inc, Houston, India, Indian Government, Jet Airways Ltd., Ken Goldstein, Market Commentary, Merrill Cuts Jobs, Merrill Lynch & Co. Inc., Netflix Inc., Oil, Parmalat SpA, Praful Patel, private airline, Reuters, The Financial Times, tough retail environment, United States, USD


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