UPDATE 1-FirstCity Financial posts Q1 loss, lower Q4 profit

(Reuters) - Shares of the financial services company were down almost
13 percent at $8.85 in morning trade on the Nasdaq Tuesday,
after falling to a year-low of $8.51 earlier in the day.




The company posted a loss of $914,699, or 8 cents a share,
for the first quarter ended March 31, compared with a profit of
$2.0 million, or 17 cents a share, in the year-ago period.


Read more at Reuters.com Market News

UPDATE 1-U.S. Steel quarterly profit falls 25 percent

(Reuters) - Net earnings were $302 million, or $2.54 per share, down
from $404 million, or $3.22 per share, a year earlier.




The results beat the average Wall Street profit forecast of
$2.35 a share, according to Reuters Estimates. Analysts lowered
their forecasts in April after U.S. Steel issued an earnings
warning.


Read more at Reuters.com Market News

UPDATE 1-New Oriental Education shares fall on miss

(Reuters) - NEW YORK, July 24 - New Oriental Education and
Technology Group Inc. missed analyst expectations that
it would make a fourth-quarter profit, sending its shares down
as much as 17.5 percent on Tuesday morning.




The provider of private education services in China posted
a net loss of $1.6 million, or 4 cents an American Depositary
Share, for the quarter ended May 31.


Read more at Reuters.com Market News

CME profit rises as CBOT merger completed

(Reuters) - By Ros Krasny



CHICAGO, July 24 - CME Group Inc. reported higher second-quarter profit on Tuesday as the company focused on completing a merger between the two largest U.S. futures exchanges.


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Pogo Producing reports second-quarter net loss

(Reuters) - In the second quarter of 2007, Pogo had revenue of $222.9
million, down from 2006 second-quarter revenue of $237.5
million.





Read more at Reuters.com Market News

Occidental sees 3rd-qtr production up slightly

(Reuters) - The company also earnings at its chemical segment of $160
million to $175 million in the third quarter. It earned $158
million at the segment in the second quarter.





Read more at Reuters.com Market News

CP Rail sees no compelling case to split company

(Reuters) - "It's a model that has been around for a while, but we've never found a way to make it work," Fred Green told analysts in a conference call on the railway's second quarter results..



CP Rail said last week that Brookfield Asset Management had approached it with a bid proposal. Published reports say Brookfield is interested in splitting Canada's second-largest railway into two units.


Read more at Reuters.com Market News