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Earnings roundup: Fannie Mae seeks aid after 3Q loss, Cornell 3Q profit jumps 39 percent

From The Associated Press, November 5, 2009 - 5:33 PM

Earnings roundup: Fannie Mae seeks aid after 3Q loss, Cornell 3Q profit jumps 39 percent

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(AP) - Among the earnings stories for Thursday, Nov. 5, from AP Financial News:

WASHINGTON (AP) — Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising.

HOUSTON (AP) — Prison and treatment services operator Cornell Cos. said its third-quarter profit shot up 39 percent, driven by higher revenue from expansion and higher populations at its facilities.

HOUSTON (AP) — Oil and gas company W&T Offshore Inc. posted a loss in the third-quarter amid a 42 percent drop in revenue.

NEW YORK (AP) — It's been a rough year for the video game industry, but Activision Blizzard Inc. reported a profit for its third quarter because of a good response to games such as "Guitar Hero 5" and "World of Warcraft."

RENO, Nev. (AP) — International Game Technology posted a fiscal fourth-quarter loss, but said it thinks demand for its slot machines and casino management systems has stabilized.

CHICAGO (AP) — More people visited Starbucks Corp. coffee shops in the fourth quarter this year than last, and they spent more money when they did, an executive said.

NEW YORK (AP) — CVS Caremark disclosed more multibillion dollar contract losses in its pharmacy benefits management business and said the head of the unit will depart.

LOS ANGELES (AP) — CBS Corp. posted third-quarter earnings that beat analyst forecasts as sales of popular shows to other networks and higher subscription fees for pay-TV service Showtime helped overcome an advertising downturn.

CLEARWATER, Fla. (AP) — Boat retailer MarineMax Inc. said its fourth-quarter loss nearly tripled from a year earlier as it unloaded boats at a loss amid plummeting demand.