(AP) - Among the earnings stories for Friday, Feb. 8, from AP Financial
News:
STOCKHOLM, Sweden (AP) -- Nordic telecommunications operator TeliaSonera AB
on Friday reported an 11 percent rise in its fourth-quarter net profit, but said
it would slash 2,900 jobs, or 9.3 percent of its work force, to cut costs.
BASEL, Switzerland (AP) -- Ciba Specialty Chemicals AG said Friday its
fourth-quarter profit was little changed due to restructuring and tax charges.
SEATTLE (AP) -- Weyerhaeuser Co., one of the world's largest lumber and
packaging producers, said Friday it swung to a fourth-quarter loss as the
deteriorating U.S. housing market cut into demand for lumber.
MELVILLE, N.Y. (AP) -- FalconStor Software Inc., a provider of data storage
and protection products, said late Thursday its fourth-quarter profit doubled as
license and maintenance revenue grew, sending shares up in Friday trading.
BOSTON (AP) -- Liberty Mutual Group said Friday its 2007 profit dipped
nearly 7 percent compared with unusually strong 2006 results, as greater
insurance industry competition led to pressure to cut policyholder rates.
Copyright 2007 Associated Press. All rights reserved. This material may not be
published, broadcast, rewritten, or redistributed.
|