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BLAIRSVILLE, GA, Jan 05 (MARKET WIRE) -- United Community Banks, Inc. (NASDAQ: UCBI) announced today an updated outlook on credit quality for the fourth quarter of 2008. United expects its fourth quarter loan loss provision and charge-offs to remain at elevated levels due to continued credit deterioration and current economic conditions, particularly in the residential construction portfolio in the Atlanta market. United also expects to increase its loan loss reserve for the quarter. The estimate for the fourth quarter loan loss provision is $85 million, with an expected $74 million in charge-offs and an $11 million build-up in the allowance for loan losses to 2.14% of total loans. United plans to release fourth quarter 2008 financial results on January 23, 2009, before the stock market opens.
in Banking
via Reuters @ 17:09 5th Jan
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United expects its fourth quarter loan loss provision and charge-offs to remain at elevated levels due to continued credit deterioration and current economic conditions, particularly in the residential construction portfolio in the Atlanta market. United also expects to increase its loan loss reserve for the quarter. The estimate for the fourth quarter loan loss provision is $85 million, with an expected $74 million in charge-offs and an $11 million build-up in the allowance for loan losses to 2.14% of total loans.
in Banking
via MarketWatch @ 17:05 5th Jan
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TORONTO — Rogers Communications Inc. (TSX:RCI) says sales of Apple iPhones slowed during the fourth quarter to about half of what they had been in the summer, when they were new to the Canadian market. About 130,000 new iPhone accounts were created during the quarter and 40 per cent of those were new subscribers, Rogers said Tuesday. The results were a drastic slide from the 255,000 iPhone accounts activated by Canada’s largest wireless network in from July to September. Two-thirds of those were for existing customers. Rogers said Apple’s iPhone helped boost the number of new wireless subscribers in the fourth quarter by about three per cent to 199,000 in the fourth quarter of fiscal 2008, compared with 183,000 new additions in the year-ago period.
in Mobile Technology
via Ottawa Sun @ 17:57 7th Jan
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(RTTNews) - Nokia Corp. (NOK: News ), the world's biggest maker of mobile phones, on Thursday lowered its forecast for mobile device industry volumes for the fourth quarter of 2008 saying that the slowdown in the mobile devices market has continued more rapidly than previously expected. The company also said it was unable to confirm its prior forecast for its share of the mobile devices market in the fourth quarter. For 2009, Nokia forecasts industry mobile device volumes to decline 5% or more from 2008 levels. This is the second time in as many months that the company has lowered its industrywide outlook for the fourth quarter.
in Mobile Technology
via RTTNews.com @ 13:17 4th Dec
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India's fairly comfortable chase of 387 in Chennai was set up by Virender Sehwag's innings of genius and madness. We take a look at more such frenetic knocks in the fourth innings that sealed unlikely victories
in Cricket
via CricInfo @ 0:31 18th Dec
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On the fourth day the England cricket team set free the Henman within and the consequences were inevitable. With the loftiest prize almost within reach, they suffered an attack of diffidence and lost the initiative, the match and the chance to complete a task they had every right to finish.
in Cricket
via The Times @ 18:29 15th Dec
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Sony Ericsson's fourth quarter, 2008 financial results announcement will be made on January 16, 2009 at 07:30 UK time / 08:30 CET, followed by a conference call with analysts and media at 09:30 UK time / 10:30 CET.
in Mobile Technology
via Sony Ericsson @ 6:01 23rd Dec
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Arrowhead Research Corporation (NASDAQ: ARWR) (Arrowhead) today announced its fourth quarter and full year financial results for the fiscal year ended September 30, 2008.
in Nanotech
via Nanotechnology News @ 7:50 20th Dec
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is scheduled to announce its fourth quarter 2008 earnings Wednesday, January 28, 2009, at 5 a.m. PST (8 a.m. EST). The news release will be available at wellsfargo.com/invest_relations/earnings
in Banking
via MarketWatch @ 17:16 7th Jan
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announced that it will release its fourth quarter 2008 earnings on Monday, January 19, 2009, at 4:15 p.m. EST. A conference call to discuss these results will be held Tuesday, January 20, 2009, at 10:00 a.m. EST.
in Banking
via MarketWatch @ 17:33 26th Dec
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McAfee, Inc. MFE will webcast its conference call to discuss fourth quarter and full year 2008 earnings results on Thursday, February 12, 2009, at 4:30 p.m. Eastern Time.
in Computer Security
via Business Wire via MSN Money @ 11:30 15th Dec
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SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) is scheduled to announce its fourth quarter 2008 earnings Wednesday, January 28, 2009, at 5 a.m. PST (8 a.m. EST). The news release will be available at wellsfargo.com/invest_relations/earnings
in Banking
via Business Wire @ 17:16 7th Jan
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CHENNAI, India, Dec 15 (Reuters) - India defeated England by six wickets in the first test on Monday, with the fourth highest final innings total to win a test.
in Cricket
via Reuters UK @ 7:19 15th Dec
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Israeli jets have attacked the Gaza Strip for a fourth day, with raids on a number of Hamas government buildings and security installations.
in Top Stories
via BBC @ 21:14 29th Dec
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(Reuters) - Veteran banking analyst Richard Bove widened his fourth-quarter loss estimate for Citigroup Inc
in Banking
via ABC News @ 3:28 18th Dec
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the trusted provider of Internet infrastructure services for the networked world, announced that its earnings call for the fourth quarter and fiscal year 2008 will take place on Thursday, February 5, 2009 at 2 pm (PST).
in Computer Security
via MarketWatch @ 21:07 5th Jan
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MasterCard Incorporated (NYSE: MA) will release its fourth-quarter and full-year 2008 financial results. The company will host a conference call to discuss these results at
in Banking
via Earthtimes.org @ 13:28 30th Dec
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HOLLAND, Mich., Dec. 26, 2008 (GLOBE NEWSWIRE) -- Macatawa Bank Corporation (NasdaqGS:MCBC - News) announced that it will release its fourth quarter 2008 earnings on Monday, January 19, 2009, at 4:15 p.m. EST. A conference call to discuss these results will be held Tuesday, January 20, 2009, at 10:00 a.m. EST.
in Banking
via Yahoo! Canada @ 17:34 26th Dec
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PRNewswire-FirstCall/ -- Fifth Third Bancorp (FITB) will report fourth quarter 2008 financial results on
in Banking
via Houston Chronicle @ 17:17 7th Jan
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VeriSign, Inc. (NASDAQ: VRSN), the trusted provider of Internet infrastructure services for the networked world, announced that its earnings call for the fourth quarter and fiscal year 2008 will take place on Thursday, February 5, 2009 at 2 pm (PST).
in Computer Security
via Market Wire via MSN Money @ 20:41 5th Jan
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