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Oil falls as demand set to slow The price of oil falls after the International Energy Agency predicts that the global recession will cut demand for crude. BBCCrescent Banking Company: Crescent Banking Company Announces 2008 Results JASPER, GA (MARKET WIRE) Crescent Banking Company, Jasper, Georgia (NASDAQ: CSNT) (the 'Company') announced today a net loss of $31.7 million, which represented a net loss per share on both a basic and fully diluted basis of $6.06, for the year ended December 31, 2008. In comparison, the Company had net income for the year ended December 31, 2007 of $6.4 million, which represented net income per share on a basic and a fully diluted basis of $1.24 and $1.14, respectively. The Company's net loss for 2008 is largely attributable to the provision for loan losses during such period of approximately $25.8 million, a $9.9 Market WireFinancial stocks up in mixed day on Wall Street A banking rally has helped US stocks make limited gains after mixed trading which began with poor earnings forecasts from planemaker Boeing Co and energy giant Chevron Corp. bignewsnetwork.comTotal raises hostile bid for UTS Energy France's Total has raised by more than a third its hostile bid for UTS Energy of Calgary, owner of a stake in one of Alberta's biggest undeveloped oil sands projects FTGalloway Energy Signs MOU to Acquire West Texas Gas Production Galloway Energy Inc. has entered into an agreement with Swissbased resource management corporation Dominus Energy AG whereby Galloway has secured a first right of refusal to purchase 50 of Dominus Oil VoiceFulton Financial Corporation: Fulton Financial Corporation Announces Dates for First Quarter Earnings Release and Conference Call/Webcast LANCASTER, PA (MARKET WIRE) Fulton Financial Corporation (NASDAQ: FULT) today announced that it will distribute its first quarter earnings news release and accompanying charts on Tuesday, April 21 at approximately 4:30 p.m. Eastern Time. Market WireChurchill Energy Q4 Loss Widens on Accounting Loss, Write-down - Update Monday, Churchill Energy Inc. (CEI.V), a junior oil and natural gas company, reported wider loss for the fourth quarter, hurt primarily by accounting loss, non-cash impairment write-down and reduced the demand for oil and natural gas. Further, the company said that economic slow down caused a sharp decline in commodity prices in the fourth quarter of 2008 and into 2009. RTT NewsBank bets lift S&P and Nasdaq, but Boeing trips Dow NEW YORK (Reuters) - The S&P 500 and Nasdaq rose on Monday as bets that major banks will post reassuring quarterly results fueled a run-up in financials, offsetting uneasiness about the fate of General Motors . ReutersCrescent Banking Company Announces 2008 Results JASPER, GA--(Marketwire - April 13, 2009) - Crescent Banking Company, Jasper, Georgia(NASDAQ: CSNT) (the 'Company') announced today a net loss of $31.7 million,which represented a net loss per share on both a basic and fully dilutedbasis of $6.06, for the year ended December 31, 2008. In comparison, theCompany had net income for the year ended December 31, 2007 of $6.4million, which represented net income per share on a basic and a fullydiluted basis of $1.24 and $1.14, respectively. The Company's net loss for2008 is largely attributable to the provision for loan losses during suchperiod of approximately $25.8 million, a $9.9 million valuation allowanceagainst its deferred tax asset and a $3.4 million goodwill impairmentcharge. The Company also announced, in compliance with NASDAQ MarketplaceRule 4350(b)(1)(B), that it received an audit opinion containing a 'goingconcern' modification for its Annual Repor Market WireUS green policy will kill economy, says oil chief Washington's energy and environment policy risks plunging the US into an economic tailspin that could turn it into 'the world's cleanest third world country', one of the US oil industry's most successful chief executives has warned FT1 2 3 4 5 |
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