Among the earnings stories for Thursday, May 8, from AP Financial News:
NEW YORK (AP) _ Babcock & Brown Air Ltd., which buys and leases commercial jets, said Thursday its first-quarter profit more than doubled on higher demand for fuel-efficient aircraft.
NEW YORK (AP) _ RiskMetrics Group Inc., a provider of risk management and corporate governance services for the financial markets, said Thursday its first-quarter earnings rose 20 percent because of improving product sales and acquisitions completed in 2007.
RALEIGH, N.C. (AP) _ Power company Progress Energy Inc. said Thursday its first-quarter earnings tumbled 24 percent, hurt by milder weather in the southeastern U.S. and lower-than-expected customer growth in Florida.
DEVENS, Mass. (AP) _ Energy equipment supplier American Superconductor Corp. said Thursday its fourth-quarter loss narrowed 84 percent on wind power and electric utility sales.
MONTVALE, N.J. (AP) _ Barr Pharmaceuticals Inc. said Thursday that first-quarter earnings nearly doubled, but the results failed to meet Wall Street forecasts as the company's U.S. generic contraceptive sales fell.
HOUSTON (AP) _ Natural gas provider El Paso Corp. said Thursday its first-quarter profit tumbled 68 percent on tough comparisons to a quarter boosted by profits from discontinued operations.
FRANKFURT, Germany (AP) _ Germany's HVB Group reported a first-quarter loss of 282 million euros ($435 million) on Thursday and said that it was hard hit by the effects of the U.S. credit crisis.
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