Among the earnings stories for Wednesday, April 30, from AP Financial News:
Top stories:
DETROIT (AP) _ General Motors Corp. struggled to a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicles and pickups.
Other stories:
WESTWOOD, Mass. (AP) _ LoJack Corp., which makes vehicle-tracking devices, said Wednesday its first-quarter profit tumbled 84 percent, blaming slumping U.S. vehicle sales and the timing of international orders.
HONOLULU (AP) _ Ocean shipping and real estate company Alexander & Baldwin Inc. said Wednesday its first-quarter earnings surged 70 percent, as several residential property sales offset lower transportation revenue.
NEW YORK (AP) _ Overseas Shipholding Group Inc., which owns and operates crude oil tankers, said its first-quarter earnings rose 33 percent on surging vessel charter rates, but still fell short of analysts' expectations.
NEW YORK (AP) _ Shares of Silicon Laboratories Inc. fell Wednesday after the integrated circuit maker said its first-quarter profit fell more than 90 percent on discontinued operations, missing Wall Street estimates.
NEW YORK (AP) _ Shopping center real estate investment trust Equity One Inc. said its first-quarter results increased 10 percent, beating Wall Street's estimates, but rising food costs could hurt its tenants, some analysts say.
ATLANTA (AP) _ Natural-gas distributor AGL Resources Inc. said Wednesday its first-quarter earnings slipped 13 percent and missed Wall Street's expectations, hurt by declines in the retail energy and wholesale services segments.