Clik here to view.
In a recession, construction equipment doesn’t sell
(Tom Reel / Express-News) Gov. Rick Perry gives the thumbs up to Caterpillar’s plant in Seguin. For the first time in 17 years, heavy equipment maker Caterpillar Inc. has reported a quarterly loss, as...
View ArticleClik here to view.
Clear Channel wants to reorganize its massive debt
Burdened with more than $21 billion in debt, Clear Channel Communications today filed an offer with the SEC to exchange $2.3 billion worth of bonds. According to a New York Times article, the exchange...
View ArticleClik here to view.
Cullen/Frost first quarter net income drops 14.7 percent
Cullen/Frost Bankers Inc. today reported $45 million in net income for the first quarter of 2009 or 76 cents per share. That’s a 14.7 percent drop compared with first quarter 2008 earnings of $52.8...
View ArticleClik here to view.
AT&T first quarter profit falls 9.7 percent
Although its profit fell 9.7 percent — from $3.5 billion (57 cents per share) in the first quarter 2008 to $3.1 billion (53 cents per share) this year — AT&T Inc.’s earnings exceeded analysts’...
View ArticleClik here to view.
S.A. team helps Steak n Shake post surprising profit
A few local businessmen have reason to celebrate, and it’s not because of Fiesta. Steak n Shake is an Indiana-based hamburger and shake restaurant (in case you couldn’t figure that one out by its...
View ArticleClik here to view.
Set your alarms for Valero excitement
If you have nothing better to do Tuesday morning, set your alarm for 10 a.m. and check out this site. There, you’ll get to listen to Valero’s first quarter conference call to discuss its earnings,...
View ArticleClik here to view.
Viva Valero: First quarter profit rises 18 percent
Though revenue fell 51 percent from the first quarter of 2008 to a mere $13.82 billion in the first quarter of 2009, Valero Energy Corp.’s profit jumped 18 percent, up from $261 million (48 cents per...
View ArticleClik here to view.
IBC first quarter profit inches up 2.4 percent
Laredo-based International Bancshares Corp. reported Wednesday that net income increased 2.4 percent from $33.5 million in the first quarter of 2008 to $34.3 million in the first quarter of this year....
View ArticleClik here to view.
NuStar GP Holdings first quarter profit drops 20 percent
San Antonio’s NuStar GP Holdings LLC Thursday announced a profit of $12 million or 28 cents per share for the first quarter of 2009, a 20 percent drop from the $15 million in profit in the first...
View ArticleClik here to view.
Exxon profit plummets 58 percent
Poor Exxon, the world’s largest company, has taken a hit from falling oil demand and prices. The company posted a first quarter profit that’s 58 percent lower than its profit in the first quarter last...
View ArticleClik here to view.
Tesoro earns $51 million in first quarter
San Antonio’s Tesoro Corp. earned $51 million or 37 cents per share in the first quarter this year, an increase from the $82 million net loss (60 cents per share) in the first quarter of 2008. Analysts...
View ArticleClik here to view.
Pioneer Drilling barely turns a first quarter profit
San Antonio’s Pioneer Drilling Co., hurt by falling commodity prices, barely earned a profit in the first quarter this year, making one cent per share, or $618,000. That’s down from the 37 cents per...
View ArticleClik here to view.
In recession, people buy Spam but not books
(Associated Press) If you want to make money, sell Spam. This whole consumer spending thing is out of whack. People don’t want to spend money, and can you blame them? As companies report earnings,...
View ArticleClik here to view.
Fancy jewelry and yellow pages: Not recession-proof
People have unsurprisingly slowed down on their purchases of exepensive jewelry, evident by the latest earnings report from Tiffany’s. The retailer earned $24.3 million in the first quarter this year,...
View ArticleClik here to view.
Valero predicts second quarter loss
In an announcement that has not been pretty for its stock in after-hours trading, San Antonio’s Valero Energy Corp. said it expects to report a 50 cents per share loss in the second quarter. The...
View ArticleClik here to view.
Southwest announces 1,400 buyouts
Southwest Airlines turned a profit in the second quarter, although the airline was faced with a drop in passengers. The profit’s also 83.2 percent less than it was in the second quarter of last year....
View ArticleClik here to view.
KCI earns $58.1 million in second quarter
San Antonio’s Kinetic Concepts Inc. Tuesday reported that it earned $58.1 million (82 cents per share) in the second quarter of 2009 compared with a net loss of $4.8 million in the second quarter last...
View ArticleClik here to view.
Frost earnings drop 27.8 percent
San Antonio’s Cullen/Frost Bankers, Inc. Wednesday reported that it earned $37.9 million in the second quarter of 2009 (63 cents per share), a 27.8 percent drop from the $52.5 million (89 cents per...
View ArticleClik here to view.
As people eat out less, Landry’s suffers
Houston’s Landry’s Restaurants Inc. has suffered from what we like to call a lack of consumer spending. It’s caused by people opting not to eat at higher-priced establishments such as the Tower of the...
View ArticleClik here to view.
Valero loses $254 million on lack of demand
San Antonio’s Valero Energy Corp., said Tuesday it lost $254 million in the second quarter as the global economy curtailed the demand for energy. That’s nearly a $1 billion swing from the $734 million...
View Article
