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Tag Archives: profit

Freddie Mac posts $1.2B net income for 2Q

WASHINGTON — Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn’t requesting any additional federal aid for the period. The government rescued Freddie and larger sibling Fannie Mae in September 2008 after ...

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Marriott profit grows, but growth slowing in Asia

NEW YORK — Marriott International Inc. is betting that it can grow earnings this year through higher bookings and rates despite slowing growth overseas The Bethesda-based hotel company raised its profit expectation for the full year but reined in its ...

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McCormick & Co. 2Q profit rises as prices climb

McCormick & Co. Inc. said Wednesday that its second-quarter net income rose 9 percent, buoyed in part by higher prices, strength in emerging markets and acquisitions. The Sparks-based spice and flavoring maker earned $80.4 million, or 60 cents per share, ...

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SEC reviewing JPMorgan’s filings after $2B loss

WASHINGTON — Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading loss. Mary Schapiro, chairman of the Securities and Exchange Commission, told the Senate Banking Committee ...

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T. Rowe sees record assets under management, increase in profits

T. Rowe Price Group Inc. saw a record quarterly cash flow into target-date retirement portfolios in the first three months of 2012, the company’s CEO said Tuesday. “When people are thinking about adding more money into the marketplace, people, thankfully, ...

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