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- Analysts cuts estimates on Goldman, Morgan Stanley - CNN Money
NEW YORK (Associated Press) - Shares of Goldman Sachs and Morgan Stanley continued to plunge Friday as another analyst cut his estimates on the banks amid a weak credit market and as the pair near the end of their fiscal fourth quarters on Nov. 30 ... - Sprint Nextel reports 3Q loss on lower revenues, new credit deal restricts dividend payments (Canadian Business)
David Twiddy November 7, 2008 - 07:57 a.m. KANSAS CITY, Mo. (AP) - Sprint Nextel said Friday it lost $326 million in the third quarter as it continued to hemorrhage customers and announced a change in its credit terms that restricts the payment of dividends. - Consolidation charges a factor in Gevity's loss (The Sarasota Herald-Tribune)
Gevity reported a surprise loss of $1.8 million for the third quarter that was driven by charges of $1.3 million for consolidation of branch offices and layoffs and a drop in professional services fees because of fewer client employees.