Local Digest
Local Digest
|
TOOLBOX
   Resize
COMMENT
 Discussion Policy
 CLOSE
Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post.
Who's Blogging  |
EARNINGS
AOL income fell 50 percent in quarter
AOL's operating income fell 50 percent in the third quarter, as the Time Warner unit continued to face declines in the number of subscribers and revenue.
AOL's operating earnings fell to $134 million for the three months ended Sept. 30, from $268 million a year earlier. Revenue declined 23 percent, to $777 million, as the number of dial-up subscribers fell to 5.4 million, from 5.8 million three months earlier and 7.5 million a year earlier.
AOL's problems helped drag down Time Warner's results; the media conglomerate reported a 38 percent drop in earnings, to $661 million from $1.07 billion a year earlier. Revenue fell 6 percent, to $7.15 billion.
Even so, the results beat expectations, helped by cost cutting.
The company also boosted its full-year earnings forecast and said it remains on track to spin off AOL by the end of the year.
-- Associated Press
MANUFACTURING
Danaher sees boost in 4th-quarter orders
Danaher, maker of Gilbarco fuel pumps and Craftsman tools, is seeing orders improve across its businesses in the first weeks of the fourth quarter, said Chief Financial Officer Dan Comas.
Danaher had "a better-than-expected order book in October, so that's an encouraging start," Comas said at the Goldman Sachs Global Industrial Conference in New York. "That bodes well going into next year. Across all our platforms we have good strength, including test and measurement, Gilbarco, and in China."
