Among the earnings stories for Thursday, May 8, from AP Financial News:
NEW YORK (AP) -- American International Group Inc. said Thursday that it swung to a first-quarter loss of $7.81 billion because of losses tied to credit swaps and mortgage-related operations and that it plans to raise a total of $12.5 billion in new cash to shore up its capital base.
PITTSBURGH (AP) -- Generic drug maker Mylan Inc. Thursday said its first-quarter loss widened due to a $385 million noncash goodwill impairment charge related to its specialty business, though adjusted results beat analyst expectations.
OKLAHOMA CITY (AP) -- Oil and gas producer SandRidge Energy Inc. said Thursday its first-quarter loss widened on a hefty one-time charge related to a change in value of certain financial contracts, but revenue soared on booming production.
VERNON, Calif. (AP) -- Jeans maker True Religion Apparel Inc. said Thursday its first-quarter profit jumped 35 percent on surging sales in both North America and abroad.
SEATTLE (AP) -- RealNetworks Inc. said Thursday its first-quarter profit declined from a year-ago period that benefited from the settlement of antitrust litigation with Microsoft Corp.
