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Earnings roundup: Time Warner Cable, MBIA
By The Associated Press | 05 Nov 2008 | 11:58 AM ET
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Among the earnings stories for Wednesday, Nov. 5, from AP Financial Desk News:

NEW YORK (AP) — Time Warner Cable Inc. said Wednesday that its third-quarter profit rose 21 percent partly on stronger high-speed data and voice revenue.

ARMONK, N.Y. (AP) — Bond insurer MBIA Inc. said Wednesday its third-quarter loss widened sharply as it increased loss reserves for its home equity mortgage exposures and continued to rebalance a portfolio.

WESTLAKE VILLAGE, Calif. (AP) — Athletic footwear maker K-Swiss Inc. said Wednesday it swung to a third-quarter loss, but results beat expectations, helped by the acquisition of French shoe company Palladium SAS.

FRANKLIN LAKES, N.J. (AP) — Medical-device maker Becton Dickinson and Co. said Wednesday fiscal fourth-quarter profit rose 9 percent on stronger overseas sales and higher revenue from each of its segments.

ARLINGTON, Va. (AP) — Consulting firm Watson Wyatt Worldwide Inc. said Wednesday its fiscal first-quarter profit increased 2 percent due primarily to revenue growth in its benefits and technology and administration solutions groups.

CHICAGO (AP) — R.R. Donnelley & Sons Co. said Wednesday its third-quarter profit declined 4 percent on restructuring and impairment charges, but adjusted results managed to beat Wall Street's expectations.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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