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Earnings roundup: Freddie Mac losses narrow, PriceSmart 4Q profit slides on operating expenses

From The Associated Press, November 6, 2009 - 6:01 PM

Earnings roundup: Freddie Mac losses narrow, PriceSmart 4Q profit slides on operating expenses

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(AP) - Among the earnings stories for Friday, Nov. 6, from AP Financial News:

Other stories:

SAN DIEGO (AP) — PriceSmart Inc., which runs warehouse-shopping clubs, said its fourth-quarter profit declined 9 percent as an increase in operating expenses hurt its bottom line.

NEW YORK (AP) — Alternative asset manager Fortress Investment Group LLC said its third-quarter loss deepened as it cut expenses and recorded a big gain on affiliate investments.

NEW YORK (AP) — AIG said it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.

NEW YORK (AP) — Hedge fund and private equity firm The Blackstone Group LP posted a narrower loss for the third quarter, as its private equity holdings gained value and its real estate investments stabilized.

TROY, Mich. (AP) — Temporary staffing company Kelly Services Inc. said its third-quarter loss widened on continued softness in the U.S. staffing market.