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The third quarter is still on track to be the second-highest earnings period, in dollar terms, on record after the second quarter, Silverblatt said. "There's a lot of a cushion already built into the average stock to compensate for a variance in earnings plus or minus," said Mendelsoh
Tags:"They were proactive," Neidl said. "They should have adequate cash reserves to get through this." Shares of AMR closed Tuesday down $1.36, or 84 percent, at 26 cents, down from a 52-week high of $8.89 on January 7. Stock typically is wiped out in bankruptcy. "Bankru
Tags:Throughout the talks, Iraqi leaders refused to give U.S. troops immunity from prosecution in Iraqi courts, and the Americans refused to stay without that guarantee. For Obama, Friday's announcement capped a remarkable two days of national security successes, though there's no indication how much th
Tags:NEW YORK – A student accused of selling LSD at Columbia University pleaded guilty Tuesday to attempted drug possession, resolving the last case in a takedown of a drug ring on the Ivy League campus. Adam Klein was the last of five students to plead guilty in the case, which authorities called
Tags:NEW YORK – A part-time art dealer who unwittingly bought bogus Damien Hirst prints from a California fraudster created his own legal problems by doctoring appraisals as he resold them, authorities and his lawyer said. Richard Silver, a real estate broker who moonlights in photography and art
Tags:DESPERATE MEASURES: Dozens of Chinese workers assembling Xbox video game consoles climbed to a factory dormitory roof, and some threatened to jump to their deaths, in a dispute over jobs. BROKEN PROMISES: Foxconn announced it would close the production line for the consoles and transfer some jobs e
Tags:LOS ANGELES – Don't be stunned to see a future collaboration between superstar American actress — and now director — Angelina Jolie and revered Spanish director Pedro Almodovar. The two were among attendees at the annual Golden Globes foreign-language seminar on Saturday at the Eg
Tags:PROVIDENCE, R.I. – Rhode Island union leaders say state lawmakers should raise income taxes on the state's highest earners to reverse years of budget cuts. State AFL-CIO President George Nee said Thursday that Rhode Island needs additional tax revenue to stabilize government budgets and preve
Tags:BEIJING – A man who led mass protests over a land dispute that drove out local officials and police from a village in southern China has been appointed the village's new chief. December's protests in Wukan village ended after provincial officials intervened and gave in to the protesters' key
Tags:NEW ORLEANS – In the four-block radius where he painted and drank himself into frightening stupors, Noel Rockmore was known by the denizens of the French Quarter as an outrageous Pablo Picasso-like figure who combined the mythological and the real. He produced some 15,000 oil paintings, tempe
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