Dave DeWalt, President and CEO of McAfee, speaks to MarketWatch’s Larry Kofsky about malware and phishing attacks and new projects for safer searching and shopping. (May 9)
Brewer InBev reported a worse-than-expected 11% fall in first-quarter net profit, as lower beer sales in Brazil and higher raw-materials costs pinched the company’s margins.
Deutsche Telekom said its first-quarter net income more than doubled as it reaped the benefit of selling its media and broadcast unit.
Bond insurers Security Capital Assurance and Assured Guaranty both reported first-quarter losses amid the credit crunch, which has shrunk the value of many mortgage-backed securities they insured.
Three Japanese consumer-loan firms swung back into the black for the 12 months ended March 2008 after racking up huge losses the previous financial year.
Softbank’s net profit more than doubled in its fiscal fourth quarter as tax credits helped the Japanese company absorb the cost of luring subscribers to its mobile-phone business.
El Paso recorded strong growth in its pipeline and exploration-and-production businesses, although its quarterly profit dropped 65% from a year-earlier result that was boosted by a divestiture gain..
Dynegy swung to a first-quarter loss as it was hurt by losses on forward power contracts that were negotiated before power prices surged to recent highs.