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Earnings roundup: Verizon, Wrigley

By Associated Press April 28, 2008 Comments (0)

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Among the earnings stories for Monday, April 28, from AP Financial News:

Top stories:

NEW YORK (AP) _ Verizon Communications Inc.'s first-quarter earnings rose 9.8 percent as its wireless division attracted more customers than other carriers, the company said Monday.

CHICAGO (AP) _ Wm. Wrigley Jr. Co., which is selling itself to candy company Mars for $23 billion, says its first-quarter profit was boosted by a weaker dollar and strong sales in Eastern Europe and Asia.

Other stories:

DALLAS (AP) _ Newspaper operator A.H. Belo Corp. said Monday it lost $8.7 million in the first quarter as revenue fell from a year ago, and the company warned the sales decline would likely continue throughout 2008 due to the weak economy.

NEW YORK (AP) _ Israel-based network software maker Radware Ltd. said Monday that its first-quarter loss widened as rising operating expenses overshadowed a modest increase in revenue.

EVANSVILLE, Ind. (AP) _ Old National Bancorp's profit shrank 12 percent in the first quarter mostly because a former loan officer, accused of falsifying loan documents, forced the bank to set money aside to cover bad loans, the company said Monday.

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