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Dow Jones Newsires | Jones Lang LaSalle Inc.’s fourth-quarter profit climbed 26 percent as restructuring charges were cut nearly in half.
For the latest quarter, Jones Lang reported a profit of $52.3 million, or $1.19 a share, up from $41.5 million, or $1.17 a share, a year earlier. The latest quarter included $10.8 million in restructuring charges, compared with $20.1 million a year earlier. Excluding items, earnings were $1.44.
From the Daily Herald: Chicago-based insurer Unitrin posted its highest quarterly profit since 2007, reporting Tuesday net income of $66.3 million compared with a $10.6 million loss in the same period a year earlier.
Read the full story: dailyherald.com
The Swamp | “Jobs will be our number one focus in 2010,” President Barack Obama plans to say at a town hall-styled appearance in Nashua, N.H., today. “And we’re going to start where most new jobs do – with small businesses. ” This could mark the start of a reset agenda for a White House still struggling to enact health-care reform while sharpening its focus on job creation.
More about the president’s jobs plan: The Swamp
Associated Press | Whirlpool Corp.’s cost-cutting and big sales gains in Asia and Latin America helped it more than double its fourth-quarter profit, the company said this morning. The world’s largest home appliance maker also said in its 2010 outlook it is starting to see signs of business improving in North America.
Tribune staff report | Anixter International Inc.reported its’ fourth-quarter profit rose 72 percent to $12.7 million from the same period a year ago, mostly due to favorable exchange rates and other unusual items that inflated earnings. Sales decreased 17 percent to $1.22 billion.
Anixter’s financial statement: prnewswire.com
Dow Jones Newswires | Archer Daniels Midland Co.’s fiscal second-quarter earnings fell 1.9 percent amid investment gains and weaker prices, though the company’s sales volumes were up and its ethanol business returned to a profit.
By Becky Yerak | Broadway Bank, the lender owned by the family of U.S. Senate candidate Alexi Giannoulias, saw a $75 million loss for the year.
Last week the bank was hit with an order by banking regulators to raise capital and to set aside more money for bad loans. It had lost $27.3 million in the first nine months of the year.
Dow Jones Newswires | Alberto-Culver Co.’s fiscal first-quarter earnings rose 16 percent amid
lower commodity costs, although the maker of hair-care and personal
products said the hair-care business remains weak.
The company also raised its quarterly dividend 13 percent to 8.5 cents a share.
Tribune staff report | Human resources consultant Hewitt Associates Inc.said first-quarter profit was $68.4 million, up 5.6 percent from $64.8 million in the same three-month period a year ago. Revenues were flat at about $770 million.
Read the earnings statement: hewittassociates.com
Tribune staff report | Sales at Merrillville, Ind. energy company Nisource grew about 1 percent in the fourth-quarter but earnings was $88.5 million or $0.32 per share, down 30 percent from $127.5 million profit in the same quarter last year. Analysts were expecting about 37 cents per share.
