Word: quarterly
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Dates: during 2000-2009
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...Investors who believe that Apple can still do well got a hand. Smart phone king Research In Motion (RIMM), maker of the Blackberry, posted strong earnings for the last quarter. The company did what Wall St. likes most of all. It did better than expected in the last reporting period and said it would do better than people anticipated in the future. Now Wall St. gets to re-evaluate Apple. RIMM, which is among the lesser branded competitors in the field, has done fine even in a downturn. Even if the recession has been deepening, businesses and consumers are willing...
...number of risks remain for the nation's largest banks, any one of which could derail the recent rally. Not only will banks' earnings probably be down in the first quarter, Treasury Secretary Timothy Geithner's plan to rid the banks of their troubled loans suggests there could be billions more in losses as banks offload these loans in the quarters ahead. What's more, a number of banks have yet to deal with a requirement to recapitalize their large trove of off-balance sheet assets, which will put further strain on banks already strapped for cash...
...that the tug of recession. "Our core view is that banks' [stocks] will not bottom until nonperforming [loan] growth decelerates," opined Goldman Sachs analyst Richard Ramsden in a report to clients on Friday. "All of the data points we track in the first quarter point to an acceleration." Banks are expected to report their results for the first few months of the year in the next two weeks. And despite positive statements from bank CEOs in recent weeks, earnings at nearly all of the nation's largest banks will likely have fallen in the first quarter versus one year...
Protesters wanting to deliver a message to world leaders in London for this week's G-20 summit gathered outside the high walls of the Bank of England in the heart of London's financial quarter on Wednesday and demonstrated over everything from the meltdown in the financial system to the growing threat from climate change. Some people got a little too excited; after protesters broke windows at the nearby headquarters of the Royal Bank of Scotland - which recently needed a government bailout to avoid going under - one or two people looted the lender's computer equipment. A few dozen...
...Bishopsgate, one of the financial quarter's busiest streets, a separate climate-change protest opted for fun over fracas. Campaigners set up tents, strung bunting and danced to salsa music. Emerging from his purple and green domed tent, 19-year-old student Charlie Game said "something big, visual and positive" was the best way to get politicians to face up to the issue. But while he hoped that he and his friends would be allowed to camp out for a while, he "didn't want to cause much trouble." But trouble is what protesting is often about in London...