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Tuesday, May 26

Borders' loss deepens in first quarter(6:01 pm ET)
SAN FRANCISCO (MarketWatch) -- Borders Group (BGP: news, chart, profile) late Tuesday reported its first-quarter loss widened to $86 million, or $1.44 a share adjusted, from a loss of $31.7 million, or 50 cents a share adjusted, in the same quarter last year. The quarterly loss includes $1.17 a share of non-operating charges, the book retailer said. "We continued to strengthen the financial structure of the company by making further improvements to cash flow, debt and adjusted EBITDA," said Chief Executive Ron Marshall in a statement. "At the same time, we know that we cannot save our way to prosperity. Our long-term success will come from doing a much better job of driving sales and that's where our focus is right now," he added. Revenue totaled $650.2 million, down from $735.8 million a year earlier.

Take-Two swings to a loss in second quarter(4:04 pm ET)
SAN FRANCISCO (MarketWatch) - Take-Two Interactive Software Inc. said Tuesday that it swung to a loss for the second fiscal quarter on a sharp drop in video game sales stemming from a tough comparison. For the quarter ended April 30, Take-Two (TTWO: news, chart, profile) reported a net loss of $10.1 million, or 13 cents a share, compared to earnings of $98.2 million, or $1.29 per share, for the same period the previous year. Excluding charges related to stock-option expenses and some one-time items, the company said it would have lost $2.9 million, or 4 cents a share, in the recent quarter. Revenue fell 57% to $229.7 million. Analysts were expecting a loss of 13 cents a share on revenue of $218.3 million, according to consensus estimates from Thomson Reuters.

Energy stocks retreat as oil falls below $60 (9:39 am ET)
NEW YORK (MarketWatch) -- Energy stocks retreated as oil fell below $60 a barrel on Tuesday ahead of a key meeting this week of the Organization of Petroleum Exporting Countries. The cartel is expected to keep production stable. The Amex Oil Index (XOI: news, chart, profile) fell 1.4% to 918. The Amex Natural Gas Index (XNG: news, chart, profile) fell 2.5% to 404. Exxon Mobil (XOM: news, chart, profile) dropped 1.2% to $68.02 ahead of its annual meeting on Wednesday.
Friday, May 22

Yingly Green Energy loses $21 million in quarter(8:35 am ET)
NEW YORK (MarketWatch) -- Yingly Green Energy Holding Co. (YGE: news, chart, profile) on Friday said it lost $21 million, or 16 cents a share in its first quarter. Adjusted loss for the period totaled 9 cents a share. Revenue fell 37% from the year-ago period to $146.3 million. Negative factors in the quarter included a weaker euro, substantially lower shipment volume and lower average selling price as a result of difficult macroeconomic conditions globally, the company said. The photovoltaic module maker also cited tighter credit for system project financing, worse-than-normal winter weather conditions in Germany and changes in the feed-in tariff policy in Spain. Analysts expected net income of 2 cents a share on revenue of $200.9 million, according to a survey by FactSet Research.

Gasoline prices rise ahead of Memorial Day weekend(7:11 am ET)
NEW YORK (MarketWatch) -- Average retail U.S. gasoline prices rose 3 cents to $2.39 a gallon on Friday, ahead of the 2009 Memorial Day weekend, according to the AAA Daily Fuel Gauge Report. A day ago, gasoline sold for $2.36 a gallon. A week ago, gas cost $2.29 a gallon. A month ago, it sold for $2.06 a gallon. Gas prices have been moving up with oil futures, which broke through the $60-a-barrel mark this week and held the level.

China Resources first-quarter net income falls 35%(5:04 am ET)
HONG KONG (MarketWatch) -- China Resources Enterprise Ltd. (HK:291: news, chart, profile) said Friday its first-quarter net income totaled HK$417 million ($53.5 million), or 17 Hong Kong cents per share, compared to HK$639 million, or 27 Hong Kong cents a share, a year earlier. Revenue rose 8.2% to HK$17.17 billion from HK$15.87 billion.