Nov. 16, 2010 at 6:57 a.m.
Filed under:
Earnings,
Economy,
Retail
By Associated Press
Wal-Mart Stores Inc. reported a 9.3 percent increase in third-quarter net income as the world’s largest retailer benefited from cost controls and a robust international business. The company also raised its full-year profit outlook.
The improvements come despite weakness at its U.S. business. Total revenue at U.S. Walmart stores fell as fewer customers visited and spent less when they did. Revenue at stores open at least a year also fell, for the sixth quarter in a row, underscoring the challenges of its U.S. business as many customers struggle economically.
Nov. 15, 2010 at 6:11 p.m.
Filed under:
Earnings,
Food,
Packaged foods,
Stock activity
By Associated Press
Lifeway Foods Inc. reported Monday that its net income fell in the third quarter as the food maker’s costs rose. Get the full story »
Nov. 15, 2010 at 11:32 a.m.
Filed under:
Earnings
By Reuters
Illinois Tool Works Inc. said on Monday its operating revenue rose in the previous three months and stood by its forecasts for fourth-quarter and full-year earnings. Get the full story »
Nov. 12, 2010 at 12:35 p.m.
Filed under:
Earnings,
Government
By Reuters
The U.S. Postal Service reported a net loss of $8.5 billion during the previous fiscal year as falling mail volumes continued to outpace operating cost savings.
The Postal Service has been trying to reform its business practices after the recent economic downturn, increased use of e-mail and competition from FedEx, United Parcel Service and other delivery services have hurt volumes. Get the full story »
Nov. 12, 2010 at 9:50 a.m.
Filed under:
Earnings,
Retail
By Reuters
Discounting boosted quarterly sales at J.C. Penney Co.’s department stores but ate into margins, raising concerns about the company’s approach to win market share from rivals.
The retailer is under pressure to show it can grow after activist investor William Ackman took a 16.5 percent stake last month and said he would discuss how to improve the company’s performance. Penney adopted an anti-takeover “poison pill” soon after. Get the full story »
Nov. 10, 2010 at 5:38 p.m.
Filed under:
Earnings,
Retail
By Associated Press
Kohl’s Corp. said Wednesday that it earned almost the same amount in this year’s third quarter as last year’s, though its revenue rose, because its costs rose faster.
The department store operator said after the market closed that it earned $194 million, or 63 cents per share, in the period ended Oct. 30, about even with the $193 million, or 63 cents per share, a year earlier. Get the full story »
Nov. 10, 2010 at 4:08 p.m.
Filed under:
Earnings,
Technology
By Reuters
Cisco Systems served up a 19 percent jump in quarterly revenue as a revived economy encouraged more spending on networks to route Internet traffic, but some investors had hoped for stronger proof of a technology sector recovery. Get the full story »
Nov. 10, 2010 at 10:24 a.m.
Filed under:
Autos,
Earnings,
Updated
By Reuters
General Motors posted a $2 billion third-quarter profit Wednesday, driven by an accelerating turnaround in North America as it rushes to complete an initial public offering of stock set for next week. The quarterly profit was the largest for GM since it emerged from bankruptcy in July 2009 and provides the last piece of financial data for investors evaluating the automaker’s $13 billion IPO.
GM said it expected to post solidly profitable results for 2010, its first full-year profit since 2004.
Get the full story »
Nov. 10, 2010 at 7:36 a.m.
Filed under:
Earnings,
Retail
By Associated Press
Macy’s Inc. said Wednesday it turned a profit in the third quarter after a loss a year ago, boosted by tailoring merchandise to local markets and higher spending from wealthier customers at its Bloomingdale’s chain. Get the full story »
Nov. 9, 2010 at 11:19 a.m.
Filed under:
Earnings,
Health care
By Associated Press
Health care information technology company Allscripts-Misys Healthcare Solutions Inc. said Monday that its third-quarter net income plunged on a boost in costs and charges. Get the full story »
Nov. 9, 2010 at 9:59 a.m.
Filed under:
Earnings,
Magazines,
Media
By Reuters
Playboy Enterprises Inc. reported a wider-than-expected quarterly loss as revenue from its entertainment, and print and digital businesses continued to decline, but said it expects Playboy magazine advertising pages to rise about 7 percent in the current quarter. Get the full story »
Nov. 8, 2010 at 7:00 a.m.
Filed under:
Autos,
Earnings
By Associated Press
A 2011 Jeep Grand Cherokee at the Jefferson North Assembly in Detroit. (AP Photo/Carlos Osorio)
Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales.
The automaker raised its full-year profit forecast, its confidence boosted by the arrival of nearly a dozen new or revamped vehicles in the next few months.
Nov. 5, 2010 at 4:54 p.m.
Filed under:
Earnings,
Investing
By Reuters
Billionaire investor Warren Buffett’s Berkshire Hathaway said on Friday that its third-quarter profit fell as it lost money on a portfolio of stock index derivatives, despite strong market gains in the quarter. Get the full story »
Nov. 5, 2010 at 11:49 a.m.
Filed under:
Earnings,
Manufacturing
By Reuters
Specialty metals and plastics distribution company A.M. Castle & Co. posted a quarterly profit, below market estimates, on higher cost of materials and said it expects to report a small net loss for the fourth quarter. Get the full story »
Nov. 5, 2010 at 11:26 a.m.
Filed under:
Earnings,
Food,
Stock activity
By Reuters
Kraft Foods Inc. shares fell 2.4 percent on Friday, a day after the packaged foods company said its 2011 forecast included an extra week.
The maker of Maxwell House coffee, Cadbury chocolate and Velveeta cheese also said that Starbucks wants to end the companies’ 12-year-old deal whereby Kraft sells packaged Starbucks coffee. Get the full story »
