Dollar Drops, Exchange rates, Forex and US Currency Converter

SAN FRANCISCO (MarketWatch) — Callaway Golf Co. posted a fourth-quarter loss of $16.2 million, or 25 cents a share, compared with a loss of $10.2 million, or 15 cents, a year ago. Revenue for the quarter fell 3% to $174.4 million from $179.9 million. Analysts surveyed by Thomson Financial had predicted the Carlsbad, Calif.-based […]

SAN FRANCISCO (MarketWatch) — Standard & Poor’s said late Thursday that it put MBIA Inc. ratings on CreditWatch with negative implications. That means the agency could downgrade MBIA’s crucial AAA ratings within 90 days. “Although MBIA has succeeded in accessing $1.5 billion of additional capital, the magnitude of projected losses underscores our view that […]

SAN FRANCISCO (MarketWatch) — Columbia Sportswear Co. late Thursday said fourth-quarter net income rose to $45.7 million, or $1.26 a share. The Portland, Ore.-based outdoor sports-goods maker said its profit was helped by a tax-benefit gain of 14 cents. In last year’s period, Columbia Sportswear earned $38.4 million, or $1.06 a share. Sales rose […]

SAN FRANCISCO (MarketWatch) - Altera Corp. reported fourth-quarter net income of $65.5 million, or 20 cents a share, compared with a profit of $99.9 million, or 27 cents a share, in the year-earlier period. Revenue was $323.2 million, up from $317.4 million in the same quarter last year. Analysts had expected the company […]

SAN FRANCISCO (MarketWatch) — Safeco Corp. said late Thursday that fourth-quarter net income came in at $144.5 million, or $1.56 a share, down 33% from a year earlier when the property and casualty insurer made $216.4 million, or $1.96 a share. Operating earnings, which exclude the impact of after-tax net realized investment gains, contributions […]

SAN FRANCISCO (MarketWatch) - Electronic Arts Inc. swung to a loss for its third-fiscal quarter thanks to deferred revenue and restructuring charges. For the period ended Dec. 31, the video game publisher said net loss was $33 million, or 10 cents a share, compared to earnings of $160 million, or 50 cents a share, […]

LOS ANGELES (MarketWatch) - McKesson Corp. said Thursday that fiscal third-quarter net income was $201 million, or 68 cents a share, for the period ended Dec. 31, compared with $243 million, or 80 cents a share, for the same period a year ago. Sales at the San Francisco-based pharmaceutical distributor were $26.5 billion vs. […]

SAN FRANCISCO (MarketWatch) - Google Inc. said Thursday its fiscal fourth-quarter profit rose 17% compared to the period a year earlier. Google said net income for the period ended in December rose to $1.21 billion, or $3.79 a share, compared to $1.03 billion, or $3.29 a share in the same period a year earlier. […]

NEW YORK (MarketWatch) — U.S. stocks build Thursday on the sharp rebound following MBIA Inc.’s reassurances that it does not believe its triple-A rating is in jeopardy, with investors optimistic about results from Google Inc. after the bell. The Dow Jones Industrial Average added 207.5 points, or 1.7%, to 12,650.4, finishing with a monthly […]

SAN FRANCISCO (MarketWatch) — Standard & Poor’s Ratings Services said Thursday it raised the corporate credit and unsecured debt ratings on Cardinal Health Inc. to BBB+ from BBB. “The rating upgrade predominantly reflects Cardinal Health’s willingness to maintain a strong financial risk profile while making acquisitions, divestitures, and share repurchases,” said Jesse Juliano, an […]