Accounting - UPDATE 1-India’s Patni June qtr net falls; outlook muted - Reuters

UPDATE 1-India’s Patni June qtr net falls; outlook muted - Reuters
BANGALORE, July 24 (Reuters) - India’s Patni Computer Systems (PTNI.BO: Quote , Profile , Research , Stock Buzz ) said its net profit fell 19.5 percent in the June quarter as wage rises crimped margins, and it forecast weak earnings amid a slowdown

Nickel hits 2-year low on soft stainless steel demand - Reuters
LONDON (Reuters) - Nickel fell below $20,000 a tonne on Thursday for the first time in just over two years on weaker stainless steel demand, while copper prices were capped by a strengthening U.S. dollar and weak macroeconomic data. London Metal

Ford posts $8.7B loss, plans more small cars - Detroit Free Press
Ford Motor Co. today reported a second-quarter loss of $8.7 billion, or $3.88 a share the company s worst quarterly loss ever. The performance is a consequence of slumping sales, especially of trucks, in a sour U.S. economy with $4-a-gallon

Southwest Airlines Reports Second Quarter Earnings - Forbes
DALLAS, July 24 /PRNewswire-FirstCall/ — Southwest Airlines (NYSE: LUV) today reported its second quarter 2008 results. Net income for second quarter 2008 was $321 million, or $.44 per diluted share, compared to $278 million, or $.36 per diluted

From the Cubefiles Accounting Dept.

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