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Morning Links: 13 May 2008

LP moving forward with Brazil acquisition, profits drop at Nissan and auto insurer, and more...

05-13-2008 7:40 AM

Louisiana-Pacific has signed a deal with Chilean peer Masisa to buy three-quarters of a Brazilian mill for more than $55 million.

Nissan's fourth-quarter profits were down 14 percent as the car maker dealt with all sorts of headwinds. For 2009, CEO Carlos Ghosn said earnings will be down another 30 percent.

Third-quarter profits at auto insurer First Acceptance were down from a year ago as revenue fell but the company's loss and expense ratios rose.

Costs related to a failed acquisition and the weak dollar helped push medical transcription company Spheris into the red during the first quarter.

Goldleaf Financial Solutions – which now officially calls Atlanta home – posted a wider first-quarter loss than a year ago as operating and interest expenses outpaced revenue gains from its acquisition of Alogent.

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