Among the earnings stories for Monday, March 10, from AP Financial News:
NEW YORK (AP) _ Private equity firm Blackstone Group LP said Monday it swung to a loss during the fourth quarter due to a write-down on its investment in bond insurer Financial Guaranty Insurance Co. and deterioration in the credit markets.
GARDEN CITY, N.Y. (AP) _ Lifetime Brands Inc., which makes KitchenAid, Farberware and Cuisinart products, said Monday its net income dropped sharply during the fourth quarter as slumping sales, restructuring charges and other expenses chipped away at profits.
DENVER (AP) _ Vail Resorts Inc., the nation's largest ski resort operator, said Monday its net income dipped 3 percent in the fiscal second quarter as a dearth of early season snowfall kept skiers away.
SOUTH HACKENSACK, N.J. (AP) _ Plastic packaging company AEP Industries Inc. said Monday its first-quarter profit plummeted 82 percent due to a big jump in costs and expenses.
QUINCY, Mass. (AP) _ Altra Holdings Inc., which makes braking systems for elevators and wheelchairs, said Monday its fourth-quarter loss narrowed on demand for new products and a larger customer base.
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