BY MARJORIE KORN, MEDILL NEWS SERVICE
Home Depot Inc. [[HD]] saw its net earnings tumble 24 percent for the second quarter of 2008 to $1.2 billion, or 71 cents per diluted share, from $1.6 billion, or 77 cents per diluted share this time last year. Despite its [...]
BY MARJORIE KORN, MEDILL NEWS SERVICE
Moline, Ill.-based Deere & Co. [[DE]] posted a net income of $575.2 million, or $1.32 per share, for the third quarter ended July 31, compared with $537.2 million, or $1.18 per share, in the year earlier period. But the 7 percent rise in [...]
BY MARJORIE KORN, MEDILL NEWS SERVICE
One of Fannie Mae’s [[FNM]] biggest challenges as it enters the second half of 2008 and into the following year is the number of unknown factors that are plaguing the U.S. housing market, according to Dan Mudd, president and CEO.
On a conference call with investors following the [...]
BY MARJORIE KORN, MEDILL NEWS SERVICE
Fannie Mae [[FNM]] expects this year’s beefed-up loan-loss reserves to carry it through 2009 and 2010, but anticipates credit-related expenses to be “significant” in 2009.
The company expects to preserve $1.9 billion in capital through 2009 by slashing its quarter common stock dividend 86 percent, from 35 cents to [...]
By MARJORIE KORN, MEDILL NEWS SERVICE
Archer Daniels Midland Co. posted a decline in net earnings in its fiscal fourth quarter 2008 on Tuesday, causing its shares to drop 7 percent to just above $26 at midday, from $27.94 at the opening of trading. [...]
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