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Earnings roundup: BONY Mellon, State Street
By: The Associated Press | 20 Jan 2009 | 06:25 PM ET
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Among the earnings stories for Tuesday, Jan. 20, from AP Financial News:

Top stories:

NEW YORK (AP) — In an effort to ease investors' mounting concerns about the stability of the financial sector, Bank of New York Mellon Corp. issued its fourth-quarter earnings report on Tuesday two days ahead of schedule.

Other stories:

NEW YORK (AP) — State Street Corp. shares dove to a 13-year low on Tuesday after the commercial bank reported a 71 percent drop in fourth-quarter earnings and warned of a difficult year ahead.

NEW YORK (AP) — Railroad operator CSX Corp. said Tuesday its fourth-quarter earnings sank 32 percent from a year earlier, mostly due to a sizable writedown on the value of a resort the company owns.

FORT COLLINS, Colo. (AP) — Woodward Governor Co., which makes energy control systems for aircraft, said Tuesday that fiscal first-quarter earnings gained 7 percent, beating Wall Street's expectations, and reaffirmed its fiscal 2009 guidance.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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