Among the earnings stories for Thursday, May 7, from AP Financial News: NEW YORK (AP) ¿ Battered insurer American International Group Inc. said Thursday its first-quarter loss narrowed, and was sharply lower than the record-setting loss it posted a quarter ago. NEW YORK (AP) ¿ Live Nation, the largest U.S. operator of concert venues, said Thursday that its first-quarter loss widened in part because fewer people attended concerts in its core North America market. SANTA CLARA, Calif. (AP) ¿ Graphics chip maker Nvidia Corp. said Thursday a 42 percent plunge in revenue and a hefty compensation charge resulted in a fiscal 2010 first-quarter loss. SAN FRANCISCO (AP) ¿ KKR Financial Holdings LLC, an investment fund operated by private equity fund Kohlberg Kravis Roberts & Co., reported Thursday that it lost $13 million in the first quarter, compared with a year-ago profit of $14 million. BRISBANE, Calif. (AP) ¿ Bebe Stores Inc. on Thursday said it posted a loss in its fiscal third-quarter on a continuing decline in sales.
LOS ANGELES (AP) ¿ CBS Corp., the media company controlled by billionaire Sumner Redstone, said Thursday it lost $55 million in the first quarter as advertising revenues fell sharply. NEW YORK (AP) ¿ Weight Watchers International Inc. said Thursday that its profit slipped 18 percent in its fiscal first quarter as restructuring charges and the stronger dollar's negative effect on overseas sales hurt the company's results. SAN DIEGO (AP) ¿ Leap Wireless International Inc. said Thursday its first-quarter loss swelled as the wireless communications company spent money expanding into Chicago and Philadelphia and upgrading its entire system.