(AP) - Among the earnings stories for Tuesday, Nov. 6, from AP Financial News:
Top stories:
FRANKFURT, Germany (AP) -- Luxury automaker BMW AG saw its third-quarter net profit leap 78 percent, driven higher by increased sales, and raised its sales outlook for the rest of 2007 on Tuesday.
FRANKFURT, Germany (AP) -- Bayer AG said Tuesday that its third-quarter profit nearly quadrupled with help from a massive tax gain, and the drug and chemical maker lifted its sales outlook for the year.
Other stories:
FRANKFURT, Germany (AP) -- Commerzbank AG named a new chief executive Tuesday and said its total writedowns related to the U.S. subprime crisis totaled $488.3 million during the second and third quarters, more than expected.
NEW YORK (AP) -- TheStreet.com Inc., the financial news service founded by Jim Cramer, said Tuesday third-quarter earnings ballooned with the help of a tax gain and higher advertising revenue.
ST. LOUIS (AP) -- Emerson Electric Co. said Tuesday its fiscal fourth-quarter profit rose 18 percent on sales growth at all of its divisions.
TAMPA, Fla. (AP) -- Minimill steel maker Gerdau Ameristeel Corp. said Tuesday its third-quarter earnings rose 35 percent, helped by increased shipments and higher prices for finished steel.
ATLANTA (AP) -- Cox Radio Inc. said Tuesday third-quarter earnings fell 16 percent, as national advertising revenue continued to decline amid an industrywide shift toward the Internet.
Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
© 2007 AFX News
