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Tag Archives: profits

Legg Mason’s 4th quarter profit up 10 percent

Baltimore-based Legg Mason Inc. said Tuesday that its fiscal fourth-quarter profit increased 10 percent as it cut expenses to offset the impact of lower stock and bond assets. Net income rose to $76.1 million, or 54 cents a share, in ...

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Bernanke says community banks strengthening

WASHINGTON — U.S. community banks are gaining strength even though the economy is improving only moderately, Federal Reserve Chairman Ben Bernanke said Wednesday. The Fed chief delivered prerecorded remarks on a video monitor before a convention of community bankers in ...

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Slower gains in worker output could lead to hiring

WASHINGTON — U.S. companies will have to keep hiring steadily to meet their customers’ rising demand. That’s the message that emerged Wednesday from a report that employers are finding it harder to squeeze more output from their existing staff. Worker ...

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Former trailblazer Kodak files for Chapter 11

ROCHESTER, N.Y. — Is Kodak’s moment past? The glory days when Eastman Kodak Co. ruled the world of film photography lasted for over a century. Then came a stunning reversal of fortune: cutthroat competition from Japanese firms in the 1980s ...

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