Nationwide Financial said first-quarter net income dropped 79% on investment losses in the latest quarter and a gain in the year-earlier quarter.
Daily Archives: May 7, 2008
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OCBC Net Slips in Market Tumult
Oversea-Chinese Banking Corp. said first-quarter net profit fell 3.9% as trading losses and weaker insurance revenue weighed against higher interest income.
DBS Profit Falls on Noninterest Income
DBS said its first-quarter net profit fell 2% as global market turmoil took a toll on its noninterest income.
News Corp.’s Profit Jumps
News Corp. said its net income more than tripled on a $1.7 billion gain from an asset swap and strong results from the company’s broadcast and cable networks. Its filmed-entertainment earnings fell.
Overseas Botox Sales Strong
Allergan’s profit more than doubled as robust sales of its pharmaceuticals for eye, skin and nerve disorders offset lower U.S. sales growth of its wrinkle-fighting drug Botox and other cosmetic medical treatments.