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Earnings roundup: Freddie Mac losses narrow, PriceSmart 4Q profit slides on operating expenses
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Among the earnings stories for Friday, Nov. 6, from AP Financial News:
Top stories:
WASHINGTON (AP) — Freddie Mac says its losses narrowed to $6.3 billion in the third quarter and the company didn't need a federal cash infusion.
Other stories:
SAN DIEGO (AP) — PriceSmart Inc., which runs warehouse-shopping clubs, said its fourth-quarter profit declined 9 percent as an increase in operating expenses hurt its bottom line.
NEW YORK (AP) — Alternative asset manager Fortress Investment Group LLC said its third-quarter loss deepened as it cut expenses and recorded a big gain on affiliate investments.
NEW YORK (AP) — AIG said it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.
NEW YORK (AP) — Hedge fund and private equity firm The Blackstone Group LP posted a narrower loss for the third quarter, as its private equity holdings gained value and its real estate investments stabilized.
TROY, Mich. (AP) — Temporary staffing company Kelly Services Inc. said its third-quarter loss widened on continued softness in the U.S. staffing market.
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