Earnings roundup: Freddie Mac, PriceSmart

AP News
|
Posted: Nov 06, 2009 6:01 PM

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.