Earnings roundup: Dynegy, Warner Music Group

Among the earnings stories for Thursday, May 8, from AP Financial News:

Top stories:

HOUSTON (AP) _ Dynegy Inc. said Thursday it swung to a loss in the first quarter as market prices for power surged, causing accounting losses on some forward sales.

LOS ANGELES (AP) _ Warner Music Group Corp., whose artists include R.E.M., Madonna and Green Day, said Thursday that higher costs and a shift to digital music resulted in a wider second-quarter loss and it suspended dividends.

Other stories:

ENGLEWOOD, Colo. (AP) _ Liberty Global Inc. said its first-quarter loss widened on higher interest payments and losses on derivatives.

HOUSTON (AP) _ ATP Oil & Gas Corp. said Thursday its first-quarter earnings leaped 71 percent on higher production and soaring sales of oil and gas.

PROVIDENCE, R.I. (AP) _ Television and online news company Lin TV Corp. said Thursday that first-quarter earnings dropped 93 percent from 2007, when the company booked a hefty gain related to the sale of its Puerto Rico operations.

TOKYO (AP) _ Toyota said the strong yen and weaker U.S. sales took a bite out of January-March earnings and projected worse was to come _ a 27 percent plunge in its full-year profit.

LAS VEGAS (AP) _ Ameristar Casinos Inc. said Thursday it swung to a first-quarter loss, weighed down by a hefty impairment charge.

FRANKFURT, Germany (AP) _ Bertelsmann AG, the owner of book publisher Random House, said Thursday that its first-quarter loss narrowed significantly from last year, but the higher euro and a drop in sales at its book and music clubs hurt its performance.