Among the earnings stories for Wednesday, May 7, from AP Financial News:
CHICAGO (AP) _ Online travel company Orbitz Worldwide Inc. said Wednesday it posted a larger first-quarter loss, as higher costs and weak bookings in the U.S. tugged down results.
COPENHAGEN, Denmark (AP) _ Carlsberg A/S said Wednesday it swung to a loss in the first quarter mainly due to costs related to its acquisition of a stake in the brewer Scottish & Newcastle, which it bought together with Dutch rival Heineken NV.
TEANECK, N.J. (AP) _ Information technology and outsourcing company Cognizant Technology Solutions Corp. said Wednesday its first-quarter profit shot up 35 percent on higher revenue across its business segments.
TOLEDO, Ohio (AP) _ Owens Corning, which makes insulation, roofing materials and other building products, on Wednesday said it swung to a first-quarter loss, hurt by weak demand and lower selling prices on some products amid a difficult housing environment.
CONCORD, N.C. (AP) _ Speedway Motorsports Inc. said Wednesday its first-quarter profit slipped 3 percent on costs related to its New Hampshire Motor Speedway acquisition, but results surpassed analysts' estimates.
NEW YORK (AP) _ Marsh & McLennan lost money in the first quarter as the insurance broker's corporate security business suffered a fundamental deterioration in value, the company said Wednesday.
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