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NEWS
July 28, 2011 | ASSOCIATED PRESS
TAIPEI, Taiwan - Taiwan Semiconductor Manufacturing Co., the world's largest chip contract maker, says its net profit fell 11 percent year-on-year in the second quarter amid weak demand for computers. TSMC's April-June net income totaled 36 billion New Taiwan dollars ($1.23 billion) on revenue of NT$110 billion. It was the third consecutive decline in quarterly profit since TSMC's net income reached NT$47 billion in third quarter of 2010, a 53 percent year-on-year jump. A company statement on Thursday said clients such as Qualcomm Inc. have cut their sales forecasts as the global economic recovery appeared weaker than expected.
NEWS
August 9, 2010
StoneMor Partners L.P., a Levittown cemetery and funeral services firm, said today that second-quarter profit was $2.8 million, compared with $1.6 million a year earlier. StoneMor posted revenues of $48.7 million for the three months ended June 30, up from $47.8 million a year ago. StoneMor said it bought eight cemeteries and five funeral homes for $32.7 million in cash and StoneMor common units representing limited partner interests in the latest quarter. The Bucks County partnership owns and operates 255 cemeteries and 63 funeral homes in 26 states and Puerto Rico.
NEWS
July 29, 2011 | ASSOCIATED PRESS
TAIPEI, Taiwan - Taiwan's top smartphone maker HTC says its second quarter earnings doubled, with shipments reaching 12 million handsets amid growing demand. The company said Friday net profit for the April-June quarter surged 103 percent to New Taiwan dollars 17.5 billion ($607 million) on revenue of NT$124 billion. HTC has grown on the strength of its design and production of handsets based on Google Inc.'s Android operating system. It said the launch of several entry-level models has added to revenue, with Asia posting stronger growth than the U.S. and Europe.
NEWS
July 28, 2011 | ASSOCIATED PRESS
AMSTERDAM - Randstad Holding NV, the world's second largest staffing company, has reported a 38 percent rise in earnings for the second quarter, as companies in North America and Europe prefered hiring temporary workers to permanent employees. Net profit was (euro) 74.5 million ($106 million), from (euro) 54 million in the same period a year ago. Revenues rose 13 percent to (euro) 3.92 billion. Earlier this month Randstad launched a $771 million bid for U.S. staffing company SFN Group.
NEWS
July 26, 2011 | ASSOCIATED PRESS
LONDON - A big reduction in administrative costs and strong sales in Japan helped GlaxoSmithKline PLC return to profit in the second quarter of the year. The pharmaceutical company, which has major operations in Philadelphia, reported Tuesday a profit of 1.1 billion pounds ($1.8 billion) in the second quarter, in contrast to last year's loss of 304 million pounds. GSK achieved the result despite a 4 percent drop in revenue, to 6.7 billion pounds, largely because sales and administration costs were slashed from 4.2 billion pounds last year to 2.3 billion pounds.
BUSINESS
January 20, 1993 | Daily News Wire Services
Citicorp, the nation's largest banking company, said yesterday it had returned to profit in the fourth quarter as the industry showed signs of continuing recovery. Several other banking companies, including Chemical Banking Corp. and Chase Manhattan Corp., said they also returned to profitability and posted improved results. Citicorp said it earned $280 million in the quarter, compared with a loss of $133 million in the year-ago period. The results included a $67 million pretax restructuring charge.
SPORTS
January 26, 1988 | By Glen Macnow, Inquirer Staff Writer
The Eagles, who last week raised their ticket prices by up to 25 percent, were among just seven NFL teams to turn a profit this season, according to a published report. The Los Angeles Times reported yesterday that the Eagles made a profit of $470,711 for the recently concluded season, which ranked fifth among the 28 clubs. The Times said it used figures from internal reports of the NFL Management Council and the NFL Players Association. Eagles president Harry Gamble branded the report "totally absurd.
BUSINESS
May 1, 2004 | By Harold Brubaker INQUIRER STAFF WRITER
Penn Engineering & Manufacturing Corp. had its best quarter since the end of the technology bubble, as sales to electronics-, automotive- and medical-equipment-makers soared. The Danboro, Bucks County, manufacturer of fasteners and electric motors had first-quarter revenue of $63.31 million, about $5 million less than their peak in the fourth quarter of 2000. Sales had bottomed out at $31.36 million in the fourth quarter of 2001, when Penn Engineering lost $2.77 million. Quarterly profit then averaged $1.11 million for two years, until it jumped to $5.87 million in this year's first quarter.
BUSINESS
October 20, 1987 | By MARC MELTZER, Daily News Staff Writer
Beleaguered Mellon Bank Corp. today turned around its financial performance, reporting its first quarterly profit of the year. Mellon said net profit for the third quarter was $16 million, or $.47 per common share. However, profits still declined sharply from the year ago quarter, down almost 70 percent from net income of $53 million, or $1.78 per common share. "We have made substantial progress in a relatively brief period," Mellon chairman and chief executive officer Frank V. Cahouet said.
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