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Hormel 4Q profit rises 50 percent, but sales slip (AP)
News | finance.yahoo.com | 5 hours 35 minutes ago
MILWAUKEE (AP) -- Hormel Foods Inc. plans to boost its advertising next year to persuade cash-strapped shoppers to pay extra for its pricier items, like microwave
http://finance.yahoo.com/news/Hormel-4Q-profit-rises-50-apf-3941658057.html?x=0&.v=7
Hormel Foods Corporation F4Q09 (Qtr End 25/10/09) Earnings Call Transcript (at Seeking Alpha)
News | seekingalpha.com | 7 hours 26 minutes ago
Ladies and gentlemen thank you for standing by and welcome to the Hormel Foods fourth quarter earnings conference call on today, 24 November 2009. (Operator Instructions) I will now hand the conference over to our host Mr. Kevin Jones. Please go ahead sir. Kevin Jones Good morning everyone.
FDIC: Hawaii bank profits drop 56%
News | pacific.bizjournals.com | 8 hours 2 minutes ago
Hawaii’s six FDIC-insured banks recorded a $79 million profit in the quarter, down 55.9 percent compared with a $179 million profit in the third quarter of 2008. However, the FDIC report shows 66.6 percent of all Hawaii banks were unprofitable in the third quarter, compared with 33.
Deposit insurance fund was negative in September
News | jacksonville.bizjournals.com | 8 hours 14 minutes ago
The federal fund that insures depositors fell below zero in September for the first time in 17 years as “problem list” banks continued to mount largely due to deteriorating asset quality. The Federal Deposit Insurance Corp.
FDIC: 62% of GA banks now unprofitable
News | atlanta.bizjournals.com | 8 hours 42 minutes ago
Georgia’s 257 FDIC-insured banks recorded a $2.4 billion loss in the quarter, compared with 281 banks that posted a $1.07 billion profit in the third quarter of 2008 and 287 banks that had a $2.4 billion profit in the third quarter of 2007.
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FDIC reports 552 “problem” banks
News | sacramento.bizjournals.com | 9 hours 16 minutes ago
8 billion in the third quarter, an improvement over the banking industry’s loss of $4.3 billion in the second quarter of the year, according to the most recent quarterly report from the Federal Deposit Insurance Corp.
FDIC-backed banks boost profits in 3Q; problem list grows
News | birmingham.bizjournals.com | 9 hours 17 minutes ago
However, financial struggles at banks across the nation continued to escalate as the Federal Deposit Insurance Corp.’s problem list jumped to its highest level in 16 years. Banks insured by the FDIC earned $2.8 billion for the quarter ended Sept.
FDIC: Number of problem banks rises 32 percent
News | kansascity.bizjournals.com | 9 hours 17 minutes ago
’s “problem list” increased 32 percent during the third quarter to 552 banks, the highest level in 16 years, as troubled loans continued to batter banks nationwide, the agency said Tuesday. The problem list is not public.
Bank loans decline at record pace in Q3
News | dallas.bizjournals.com | 9 hours 47 minutes ago
The nation’s 8,099 banks ended the third quarter with $210.4 billion less in loans and leases on their books — a 2.8 percent decline. That percentage is the largest decline on record since banking regulators began tracking quarterly loan balances in 1984.
Florida bank losses deepen to $674M in Q3
News | southflorida.bizjournals.com | 9 hours 48 minutes ago
The Federal Deposit Insurance Corp. released the third quarter results Tuesday, in addition to its update on the state of its Deposit Insurance Fund (DIF). For the first time since 1992, the DIF went into the red with a balance of negative $8.2 billion. However, the FDIC noted that it has $38.
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