US Equities Market News

World Equity News

Equities Org UK

Mortgages, insurance, and loans for the self-employed and students

Equities Org equities news has moved!

How to quickly sell your house

London equity markets make small gains

Eurofirst highest since May 2002

Eurofirst makes small gains as Xetra Dax down

Eurofirst slightly higher as elections approach

London strong on double witching hour

NYSE sees little movement on investor caution

European equities investors worried by elections

NYSE equities down on economic data

Nikkei down on post-election profit-taking

Nikkei down on post-election profit-taking

Economic concerns hit Eurofirst and Xetra Dax

Japanese elections boost Tokyo indices

Xetra Dax sees fall in Allianz

Utilities focus on FTSE

Dow Jones sees little movement

Analysts suggest Katrina will stimulate economy

Investors settled by Japanese polls

Banking and utilities see gains on Eurofirst

FTSE makes small gains on mergers

Investors consider construction boom after hurricane

Investors wait in Sunday's election

Eurofirst drops from 38-month highs

UK Equities down despite monetary policy decision

London FTSE makes only small gains

Investors consider Katrina economy impact

FTSE gains to three-year high


03/08/05

Permalink 01:36:32 pm, Categories: Companies, 165 words  

Time Warner settles on lawsuit over share price losses

Time Warner has settled a lawsuit filed by shareholders over the media giant’s merger with America Online in 2001. After the merger, which cost Time Warner $124 billion, stock values plummeted on stalled growth, prompting the litigation which claimed that AOL had inflated sales figures in order to close the deal.

The settlement will cost Time Warner $2.4 billion dollars, pushing the company to its first losing quarter in nearly three years. The company’s report shows that it lost $321 million in the second quarter as sales dropped 1.1 percent to $10.7 billion on lower film revenues and lost AOL customers.

AOL lost 917,000 customers in the US in the quarter, and film revenues could not match last year’s income from “Lord of the Rings” and “Harry Potter”.

In the same quarter last year, Time Warner’s profit was $777 million. Besides announcing the end of litigation, Time Warner also said on Wednesday that it will mount a $5 billion share buyback. The combined announcements saw share values drop 15 cents to $17.27.

Permalink

Categories

US Equities


Land for sale Brazil
Land for sale in Brazil.
Bath screens
Discounted bath screens for the shower & bathroom
Cash for your mobile phone
Cash for your mobile phone for recycling.
Sell your house
We buy houses for cash, to sell your house fast.
Sales training Scotland Sales training in Scotland for business.
SDH Bedding
Find great deals on SDH bedding products.
Laser fax machines
Excellent prices on laser fax machines


Syndicate this blog XML

 

US Equities copyright 2005 Central Consultants : All Rights Reserved