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Fannie Mae makes record $58.7B profit in 1Q
ReutersFannie Mae, the nation's biggest mortgage finance company, on Thursday posted a record profit of $58.7 billion, most from $50 billion tax-related gain. The mortgage lender said it will pass that windfall, and then some, to the U.S. Treasury in the...Tags: Mortgages, Companies and Corporations, Loans, U.S. Congress, Freddie Mac
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Missouri Senate passes tax cut bill
The Kansas City StarDemocratic lawmakers, severely outnumbered, filibustered for hours on end this week to block a bill aimed at cutting Missouri taxes to keep up with Kansas in an ongoing economic border war. The legislation would end up costing roughly $700 million and...Tags: Parties and Movements, Democratic Party, Business, Republican Party, Elections
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Five Star parent bullish on upstate
The Buffalo NewsUpstate New York takes its knocks as a slow-growth place for business, but top executives at Financial Institutions, the parent of Five Star Bank, look at the landscape differently. "As other banks have shifted their focus from the region, we have...Tags: Federal Deposit Insurance Corporation, Marketing, Business Institutions, Corporate Officers, Erie County
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Toyota profit booms
Toyota's quarterly profit more than doubled to 313.9 billion yen ($3.2 billion) as cost cuts and better sales worked with a weakening yen to add momentum to the automaker's comeback. Toyota Motor Corp., which last year reclaimed the title of world's...
Tags: Vehicles, Manufacturing and Engineering, Toyota, Honda, Ford Motor Co.
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Cardinal Health laying off 70 in Dublin, 170 total
The Columbus DispatchCardinal Health will lay off about 170 employees, including 70 from its Dublin headquarters. The jobs are primarily in the company's pharmaceutical segment and in corporate support, said Cardinal spokeswoman Debbie Mitchell. Employees were notified on...Tags: Health and Safety at Work, Earnings Forecasts, Companies and Corporations, Walgreen Co., CVS Corp.
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CORRECTED-BRIEF-McKesson Q4 results
Reuters(In May 7 story, corrects seventh bullet point to show analysts' estimate for 2014 profit was $8.06 per share, not $7.21) BANGALORE, May 8 (Reuters) - May 7 (Reuters) - McKesson Corp : * Reports fiscal 2013 fourth-quarter and full-year results * Q4...Tags: Thomson Corporation, Quarterly or Semiannual Financial Statements
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BRIEF: York Water sees boost in net income, revenue
York Daily Record, Pa.Higher revenue and a growing customer base contributed to a boost in net income for the York Water Co. during the first quarter. During the first three months of the year, the company reported that operating revenues of $10,069,000 increased by $400,...Tags: The York Water Company
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U.S. companies' overseas earnings hit record $1.9 trillion -study
Reuters* Overseas profit stockpile hits record as companies avoid U.S. tax * U.S. companies' foreign earnings up 70 pct in last 5 years-report * Push for tax holiday meets opposition in Congress By Dena Aubin NEW YORK, May 8 (Reuters) - Large U.S....Tags: Holidays, International Travel, Economy, Business and Finance, Travel, General Electric Company
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BRIEF: Land O'Lakes earnings drop in 1st quarter
Star TribuneLand O'Lakes, the Arden Hills-based cooperative, earned $72 million in the first quarter on revenue of $4.2 billion. Net earnings dropped 16 percent from a year ago "due mainly to higher spending on advertising and promotion of new products across the...Tags: Quarterly or Semiannual Financial Statements
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Green Mountain posts higher profit, expands Starbucks partnership
ReutersMay 8 (Reuters) - Green Mountain Coffee Roasters Inc reported higher quarterly earnings on Wednesday, helped by strong sales of its K-Cup packages, and said it had expanded an agreement with Starbucks. The maker of Keurig single-serve brewers and the K-...Tags: Keurig, Inc., K-Cups, Starbucks Corp., Green Mountain Coffee Roasters, Inc.
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News Corp quarterly profit, revenue rise
ReutersMay 8 (Reuters) - Rupert Murdoch's News Corp reported higher earnings and revenue for its fiscal third quarter, aided by the purchase of a controlling stake in German pay TV operator Sky Deutschland and growth at cable networks. Revenue rose 14...Tags: Satellite and Cable Service, Earnings Forecasts, Rupert Murdoch, Media Industry, News Corp.
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INTL FCStone Q2 income sinks as lower revenue, volume bite
ReutersNEW YORK, May 8 (Reuters) - INTL FCStone Inc. saw net income in its second quarter to end-March sink almost 40 percent as trading volume and revenue fell at the mid-size U.S. commodity broker. Net income was down 38 percent to $1.5 million from $2.4...
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