Among the earnings stories for Tuesday, May 6, from AP Financial News:
ZURICH, Switzerland (AP) _ Adecco SA on Tuesday reported a 3 percent rise in first quarter net profit but the temporary employment firm warned that it won't reach its revenue target in 2008 because staffing markets are deteriorating worldwide.
HOUSTON (AP) _ Oil and natural-gas company W&T Offshore Inc. said Thursday its first-quarter profit soared on jumps in oil and natural gas prices.
ST. LOUIS (AP) _ Emerson Electric Co. said its fiscal second-quarter earnings rose 11 percent on international growth and sales in its segments that make products including communications infrastructure and temperature gauges.
NASHVILLE, Tenn. (AP) _ Corrections Corp. of America's first-quarter earnings rose 7 percent as the federal and state governments shifted prisoners to privately run facilities, the prison operator said Tuesday.
CLEVELAND (AP) _ Iron ore and coal producer Cleveland-Cliffs Inc. said Tuesday its first-quarter profit fell 49 percent as higher expenses and a one-time charge offset record revenue.
EL PASO, Texas (AP) _ Utility company El Paso Electric Co. said Tuesday its first-quarter profit slipped 4 percent, because of increased operating expenses at its nuclear power station, executive severance costs and decreased investment income.
BALTIMORE (AP) _ Legg Mason Inc. lost more than $250 million in the fiscal fourth quarter as the investment manager set money aside for possible bailouts of funds suffering from turbulent markets, the company said Tuesday.
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