BRIEFCASE.Byline: - Staff and Wire Services DreamWorks Inc. clears SEC probe GLENDALE - DreamWorks Animation SKG SKG Stichting Kwaliteit Gevelbouw (Dutch) SKG Spielberg, Katzenberg,and Geffen (DreamWorks Studios) SKG Thessaloniki, Greece - Thessaloniki (Airport Code) SKG Smith and Kraus Global Inc. said Thursday that the staff of the Securities and Exchange Commission has ended its informal investigation of stock trades at the company and recommended that the commission take no enforcement action. The SEC began its informal inquiry into stock trades at the Glendale- based computer animated film company in July 2005. The investigation concerned stock trades around DreamWorks Animation's disclosure of its first-quarter 2005 financial results last May 10. DreamWorks' shares slipped 12 cents in after-hours trading after-hours trading The trading of securities after the exchanges are closed. After-hours trading often refers to trading a listed security in the over-the-counter market after the exchanges have been closed for the day. to $27.68, after rising 43 cents, or 1.6 percent, to close Thursday at $27.80 on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Gemstar TV Guide makes a profit Los Angeles-based Gemstar TV Guide International Inc., publisher of TV Guide magazine, swung to a profit in the first quarter despite continuing losses in its publishing division. The company, which also licenses searchable program guide technology to cable and satellite TV companies and television makers, reported net income for the three months ended March 31 of $8.6 million, or 2 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 with a loss of $3.7 million, or 1 cent per share, for the same period last year. Revenue dropped to $144 million from $164 million in the same period last year. The results beat expectations of analysts who had been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. earnings of 1 cent per share, according to Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings . The company reported increased advertising and subscription revenue from its TV Guide channel and a 20 percent jump in revenue from licensing its interactive program guide. Enron trial nears final testimony HOUSTON - The fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief Executive Jeffrey Skilling is winding down, with one more week of testimony on the horizon. The defense teams aim to rest their case Monday or Tuesday, followed by what prosecutors said would be up to 10 rebuttal rebuttal n. evidence introduced to counter, disprove or contradict the opposition's evidence or a presumption, or responsive legal argument. witnesses. Then jurors are to begin deliberations May 17 after hearing a dozen hours of closing arguments. Kodak may drop health-imaging ROCHESTER, N.Y. - Eastman Kodak Co., undergoing a rough transition to digital photography, said Thursday that it was considering the sale of its fabled health-imaging business after reporting a $298 million loss in the first quarter - its sixth straight quarterly loss. Created a year after the discovery of X-ray film in 1895, the unit accounts for nearly one-fifth of Kodak's overall sales but its operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. plunged 21 percent last year as margins tightened. A sale would wipe out most or all of Kodak's $2.6 billion in debt, analysts noted. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion