Late Rally Leads to More Gains for the Bulls
After a choppy start, stocks rose late in the day to
record another minor victory for the bulls. Positive earnings
offset investors lingering concerns surrounding the credit
markets.
International Paper
(
IP |
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PowerRating) reported net earnings for the second
quarter were $190 million or $0.44 per share, compared to $83 million or $0.17
per share in the prior year quarter (more).
Nortel Networks
(
NT |
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News |
PowerRating) second quarter net loss was $37 million,
compared to net earnings of $342 million in the second quarter of 2006 (more).
Newmont Mining
(
NEM |
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PowerRating) reported a net loss for the quarter of $2.06
billion, compared with net income of $161 million for the second quarter of 2006
(more).
Williams Companies
(
WMB |
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PowerRating) swung to a second quarter profit, helped
by strong operational performance in all of its core natural gas businesses (more).
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