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.- Loading Comments...
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