Interest Payments Weigh on DirecTV Earnings
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The satellite TV operator said higher interest payments on its debt sent fourth-quarter earnings down 2 percent, to $348 million.
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Plus: TiVo posts small profit...Novell reverses year-earlier profit...Lenovo posts 2006-07 net surge.
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NEVER surprise the market with a profit downgrading or the shares of your company will be severely caned. A slumping advertising share saw a surly Kerry Stokes yesterday issue a major earnings downgrade for the Seven Network.
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After weeks of speculation and controversy over an apparent deal between Major League Baseball and DirecTV that would limit access to baseball's Extra Innings package to subscribers of the satellite service, the parties announced the deal yesterday in a conference call, though they would not confirm the details of a widely reported seven-year, $700 million pact.
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Best Buy Co Inc.  may have ridden the flat-panel TV wave to higher profits, but the retailer's disappointing quarterly results have sparked worries that the wave may have crested sooner than expected.
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WASHINGTON -- Interest rates on short-term Treasury bills were mixed in yesterday's auction, with rates on six-month bills rising and rates on three-month bills dropping to the lowest level since early June.
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Satellite television provider DirecTV Inc. said it may take up to &#36;1.6 billion in charges to write down the value of satellites it would use for broadcasting instead of high-speed data services.
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Today's dividend yields may not be as important as tomorrow's.
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Allmerica Financial Corp.'s third-quarter earnings rose 55 percent, and the property and casualty operations reported ''solid&quot; pretax segment earnings for the period despite being hurt by catastrophe losses primarily related to hurricanes in the Southeast. The Worcester insurance and financial services holding company said earnings were $17.7 million, or 33 cents a share, for the quarter, up from net income ...
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TiVo&#39;s Q2 earnings reflect the high cost of attracting new subscribers to its customer base. The company lost $10.8 million, or 13 cents a share, on revenue of $27.
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What's the cause of the fall in Comcast's share price during the past month?
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MELBOURNE (Dow Jones)--Australa&#39;s Seven Network Ltd. (SEV.AU) said Friday that earnings before interest and tax for the six months ending Dec. 31 will be down around 20% from A$112.
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The cable operator reported fourth-quarter net income of $602 million on solid revenue gains as customers spent more for cable TV. The company also said it will start paying a quarterly dividend.
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The Fed&#39;s Open Market Committee nudged federal funds interest rates up a quarter point to 2 percent. Cisco lost $1.31 to $18.44, after issuing results that met profit expectations but missed sales forecasts.
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Have weak first-quarter earnings pulled the plug on this party?
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Profit increased as customers signed up for Comcastâs discounted video, Internet and phone package, but the results fell short of expectations.
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Make sure you know how much you're paying for your fund.