BRIEFCASE.Byline: - Staff and Wire Services Guess? revenues hit highest levels Los Angeles-based Guess? Inc. on Thursday reported record financial results for the fourth quarter and fiscal year ended Dec. 31. Net revenue and net earnings for the quarter and the year were at their highest levels since the company went public in 1996, officials said. For the fourth quarter, the company reported net earnings of $25.8 million, or diluted earnings of 57 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , compared to $14.9 million, or 33 cents per diluted share, for the year-ago period. For the full year, the company reported that net earnings increased to $58.8 million, or $1.31 per diluted share, versus $29.6 million, or 66 cents per share, in 2004. Co-chairman and co-CEO Paul Marciano said the results ``reflect the progress that we have made in all our businesses - retail and wholesale operations in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , our European business, and domestic and international licensing.'' Insurance execs plead not guilty ALEXANDRIA, Va. - Four former top executives of insurance giants General Re and American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. pleaded not guilty to federal fraud and conspiracy charges Thursday and pledged $1 million in bond. Their trial was set for May. The Justice Department has accused the four of orchestrating an audacious fraud that allowed AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group to falsely report some $500 million in reserves against losses and thereby mislead shareholders, Wall Street and regulators. Appearing in federal court in Alexandria were: Ronald Ferguson Major Ronald Ivor Ferguson (born on October 10, 1931 – died on March 16, 2003) was the father of Sarah Ferguson, former wife to Prince Andrew. He is the maternal grandfather of Princesses Beatrice and Eugenie of York. , who was chief executive of Berkshire Hathaway Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. Inc.'s General Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Corp.; Elizabeth Monrad, its former chief financial officer; Robert Graham Robert Graham is the name of several persons:
Each pledged a $1 million bond and surrendered his or her passport. Lee set a trial date of May 22, saying it's likely to last about 16 days. Reliance reports record net income Los Angeles-based Reliance Steel & Aluminum Co. Thursdayreported record net income of $205.4 million, or $6.21 per diluted share, for the 2005 calendar year. The company recorded net income of $169.7 million, or $5.19 per diluted share for the 2004 fiscal year. For the 2005 fourth quarter, net income was a record $60.6 million, or $1.81 per diluted share, compared to $43 million, or $1.31 per share, for the same period in 2004. On Jan. 17, Reliance announced that it had entered into a definitive merger agreement to acquire Lynwood-based Earle M. Jorgensen Co. for $13 per share in cash and stock in a deal valued at $934 million. Target, Penney's top expectations NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - Retail powerhouses Target Corp. and J.C. Penney Co. Inc. offered bullish outlooks on consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. as they reported fourth-quarter profits that beat Wall Street estimates. Both are counting on improved merchandise assortments to lure shoppers away from rivals. Target - helped by strong holiday sales and an increasing contribution from its credit card division - reported a 14 percent rise in profits in the fourth-quarter. The Minneapolis-based company expects that same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. , or sales at stores open for at least a year, to rise 4 percent to 6 percent this year, compared to the 5.6 percent gain in its last fiscal year. Penney said that its profit jumped 65 percent in the fourth quarter, buoyed by strong sales in stores and online as well as a one-time tax gain. Chrysler only U.S. carmaker to profit DETROIT - DaimlerChrysler AG's Chrysler Group was the only U.S. automaker with a profitable North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. business in 2005, but executives said Thursday the division faces increasing costs and competition and will be seeking benefit cuts from its hourly and salaried workers. Chrysler reported a profit of $1.8 billion for the year in the U.S., up 6 percent from the year before. The company said Thursday it plans to distribute profit-sharing checks averaging $650 to its hourly employees. By contrast, there will be no profit-sharing at General Motors Corp. which lost $5.6 billion in North America last year, and Ford Motor Co., whose North American losses totaled $1.6 billion. Both Ford and GM lost U.S. market share in 2005, while Chrysler gained share on the strength of products such as the Chrysler 300 and Dodge Magnum sedans. |
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