Dollar Drops, Exchange rates, Forex and US Currency Converter

SAN FRANCISCO (MarketWatch) — Independent oil refiner Sunoco Inc. , citing a steep rise in crude-oil prices and weaker gasoline demand, reported late Wednesday a first-quarter loss of $59 million, or 50 cents a share. The company had a profit of $175 million, or $1.44 a share, in the year-ago period. Excluding one-time items, the […]

SAN FRANCISCO (MarketWatch) — Starbucks is making moves to shore up its business but don’t expect the company’s operating margin to improve. The coffee-shop chain warned Wednesday its total operating margin by 2011 will remain below 2007’s level of 11.2%, “driven by erosion in the U.S. business.” That said, Starbucks is forecasting its earnings […]

SAN FRANCISCO (MarketWatch) — DTE Energy Co. late Wednesday reported a rise in its first-quarter profit and increased its earnings outlook range for the year. DTE posted a profit of $212 million, or $1.30 a share, up from $134 million, or 76 cents a share, in the year-ago period. The Detroit-based energy firm booked […]

WASHINGTON (MarketWatch) — Treasury Secretary Henry Paulson said Wednesday he wasn’t satisfied with the anemic growth rate in the first quarter, but said any growth was remarkable given the headwinds facing the economy. In an interview with Bloomberg cable television business channel, Paulson said the financial markets were returning to normal but said there would […]

SAN FRANCISCO (MarketWatch) — Avalonbay Communities Inc. said late Wednesday its first-quarter net income rose to $48.5 million, or 60 cents a share, from $46.5 million, or 56 cents a share, in the prior-year period, due primarily to increased gains from improved community operating results. Funds from operations rose to $96.1 million, or $1.24 […]

SAN FRANCISCO (MarketWatch) — Centex Corp. late Wednesday reported it swung to a fiscal fourth-quarter loss of $910.5 million, or $7.36 a share, from a net income of $198.9 million, or $1.65 a share, a year ago. The loss from continuing operations for the fourth quarter was $7.34 a share. Revenue slid to $2.31 […]

SAN FRANCISCO (MarketWatch) - JDS Uniphase Corp. on Wednesday reported a third-quarter loss of $6.2 million, or 3 cents a share, compared with a loss of $14.2 million, or 7 cents a share, for the year-earlier period. Revenue was $383.9 million, up from $361.7 million. Adjusted income was 14 cents a share. Analysts had […]

SAN FRANCISCO (MarketWatch) — Allied Waste Industries Inc. reported late Wednesday first-quarter net income rose 82% to $72.6 million, or 17 cents a share, from $39.9 million, or 8 cents a share, a year ago. Revenue for the three months ended March 31 rose 2.7% to $1.48 billion from $1.44 billion. Analysts surveyed by […]

SAN FRANCISCO (MarketWatch) — Unum Group said late Wednesday that first-quarter net income came in at $163.1 million, or 46 cents a share, down 9% from a year earlier when the disability insurer made $178.3 million, or 51 cents a share. Income from continuing operations, which excludes net realized investment gains and losses and […]

SAN FRANCISCO (MarketWatch) - Caci International Inc. said late Wednesday that its fiscal third-quarter profit rose to $22.3 million, or 73 cents a share, from $18.4 million, or 59 cents a share, in the year-ago period. Revenue rose to $634.2 million from $473.1 million last year. Analysts surveyed by FactSet Research estimated a quarterly […]