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Tag Archives: factset

Host Hotels 2Q FFO improves on better occupancy

BETHESDA — Host Hotels & Resorts Inc. said Wednesday that its second-quarter funds from operations improved as the lodging real estate investment trust saw occupancy improve and room rates climb. Funds from operations, or FFO, increased to $210 million, or ...

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Wells Fargo turns to cost cuts as recovery stalls

NEW YORK — The nation’s largest mortgage lender is turning to cost-cutting as the economy sputters and the grinding housing slump means waning profits from new mortgages. Wells Fargo & Co. on Tuesday posted a 30 percent leap in second-quarter ...

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Capital One 2Q profit up, plans $2B stock offering

MCLEAN, Va. — Capital One Financial Corp. said Wednesday that its second-quarter profit climbed 50 percent as it made more money from deposits, loans and fees. The financial services company also announced a $2 billion stock offering. The earnings beat ...

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Ciena stock dives after disappointing 2Q results

Shares of network equipment maker Ciena Corp. fell sharply Wednesday after it reported a larger loss and lower revenue than Wall Street expected, coupled with a disappointing forecast for the current quarter. The shares fell $3.92, or nearly 16.2 percent, ...

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Credit-card business pushes Target net up 2.7 pct

NEW YORK — A stronger credit-card business helped Target Corp.’s net income rise 2.7 percent in the first quarter, even as customers were cautious about buying because of higher gas and food prices. Target’s credit-card business, which it uses to ...

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Consumer Confidence Index rises in April

NEW YORK — A monthly survey says concerns about jobs and inflation eased in April, pushing the Consumer Confidence Index above expectations. The Conference Board says the index rose to 65.4 from a revised 63.8 in March. Economists expected a ...

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Marriott International 1Q net income up 22 pct

Marriott International Inc.’s first-quarter earnings missed analysts’ estimates as travel demand slowed in North America, with hotels in the Washington area being hurt by cuts in lodging and conference spending. Net income rose to $101 million, or 26 cents a ...

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