Among the earnings stories for Tuesday, April 1, from AP Financial News:
CARMEL, Ind. (AP) _ Insurance provider Conseco Inc. confirmed late Monday that it swung to a fourth-quarter loss on hefty investment losses related to subprime residential mortgage loans, after releasing its preliminary results earlier this month.
DALLLAS (AP) _ American Realty Investors Inc., a Dallas real estate investment trust, said late Monday fourth-quarter earnings more than doubled as the company increased its rental portfolio and sold land.
NEW YORK (AP) _ Kandi Technologies Corp., a Chinese manufacturer of go-carts and other small vehicles, said Tuesday its profit more than quadrupled last year as U.S. sales grew.
LOS ANGELES (AP) _ Abraxis BioScience Inc. said Tuesday its fourth-quarter loss widened as a slew of hefty costs offset surging drug sales.
WAYNE, Pa. (AP) _ Safeguard Scientifics Inc., which invests in high-tech and life sciences ventures, said Tuesday it swung to a fourth-quarter loss as it exited several income-generating businesses.
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