Among the earnings stories for Wednesday, Feb. 13, from AP Financial News:
Top stories:
NEW YORK (AP) _ Vonage Holdings Corp., which provides phone service over broadband lines, reported a narrowed fourth-quarter loss Wednesday as it scaled back on marketing and cut other costs.
ATLANTA (AP) _ The Coca-Cola Co., the world's biggest beverage maker, said Wednesday its fourth-quarter profit rose 79 percent on a double-digit increase in sales as it benefited from growth in key soft-drink brands and in its water, sports drink and orange juice categories.
LOS ANGELES (AP) _ Satellite TV operator DirecTV Group Inc. said Wednesday higher interest payments on its debt sent fourth-quarter earnings down 2 percent.
Other stories:
PARSIPPANY, N.J. (AP) _ Drug company Medicines Co. said Wednesday profit fell 97 percent in the fourth quarter, as the year-earlier results were boosted by a hefty tax gain.
BOCA RATON, Fla. (AP) _ Geo Group Inc., which runs correctional and mental health facilities, said Wednesday its fourth-quarter profit rose 10 percent on improved revenue from its three business segments.
DALLAS (AP) _ Dean Foods Co., which makes food and drinks products like Silk soy milk, said Wednesday its fourth-quarter profit tumbled 55 percent from reorganization costs and rising dairy product costs.
PARIS (AP) _ French auto maker PSA Peugeot-Citroen on Wednesday said net profit almost quadrupled in 2007 as the company reaped the rewards of cost cuts and improved efficiency.
LINCOLNSHIRE, Ill. (AP) _ Acco Brands Corp., which makes office products, said Wednesday its fourth-quarter loss widened on restructuring and other costs.
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