| Corporate Earnings Headlines |
| Price hikes boost Reynolds American's 2Q profit
(AP)
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| AP - Reynolds American Inc., the nation's second-biggest tobacco maker, said Wednesday that its second-quarter profit rose nearly 13 percent as price increases more than made up for a decline in domestic cigarette demand. -- read full article |
| Wed, 30 Jul 2008 21:28:54 GMT - Yahoo! News: Earnings News |
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| Avon Products 2nd-quarter profit more than doubles
(AP)
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| AP - Strong sales internationally, especially in Latin America and Eastern Europe, helped Avon Products Inc. more than double its second-quarter profit, the cosmetics company said Wednesday. Its shares surged more than 17 percent. -- read full article |
| Wed, 30 Jul 2008 21:29:23 GMT - Yahoo! News: Earnings News |
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| Office supply retailers struggle in North America
(AP)
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| AP - Office supply retailers felt no relief from the pinch of weaker spending by consumers and small businesses, with both Office Depot and OfficeMax citing the struggling economy as they reported losses for the second quarter.
-- read full article |
| Wed, 30 Jul 2008 21:36:12 GMT - Yahoo! News: Earnings News |
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| Starbucks swings to loss on store closure costs
(AP)
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| AP - Coffee chain Starbucks Corp., which is closing stores and cutting office jobs amid weak sales in the U.S., posted a loss for its third quarter on Wednesday, lowered its outlook for the year and said it would open fewer new locations.
-- read full article |
| Wed, 30 Jul 2008 22:39:55 GMT - Yahoo! News: Earnings News |
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| First Solar Q2 net soars past view, shares rise
(Reuters)
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| Reuters - Solar cell maker First Solar Inc
reported a 57 percent increase in quarterly profit on
Wednesday, blowing past Wall Street estimates as
higher-than-expected production from a new plant in Malaysia
helped it meet surging demand.
-- read full article |
| Wed, 30 Jul 2008 22:42:15 GMT - Yahoo! News: Earnings News |
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| Starbucks posts first loss, backs '09 profit target
(Reuters)
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| Reuters - Starbucks Corp posted its
first quarterly loss as a public company on Wednesday and said
its U.S. coffee chain would shrink in the year ahead, but
investors stunned by months of uncertainty sent shares up 4
percent as it stuck by its profit target for 2009.
-- read full article |
| Thu, 31 Jul 2008 01:35:49 GMT - Yahoo! News: Earnings News |
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| ArcelorMittal 2Q profit more than doubles
(AP)
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| AP - ArcelorMittal SA, the world's largest steelmaker, said Wednesaday its second-quarter profit more than doubled as it increased steel prices to defray higher costs for energy and iron ore. -- read full article |
| Wed, 30 Jul 2008 10:58:11 GMT - Yahoo! News: Earnings News |
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| Garmin cuts '08 outlook, delays nuvifone
(Reuters)
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| Reuters - Garmin Ltd slashed its profit and
revenue forecasts for 2008, hurt by slower growth in the
personal navigation devices (PND) market, and delayed the
launch of its smartphone, sending its shares down 13 percent.
-- read full article |
| Wed, 30 Jul 2008 14:02:34 GMT - Yahoo! News: Earnings News |
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| EADS 2Q profit up 46 percent on cost savings
(AP)
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| AP - EADS, the parent company of planemaker Airbus, said Wednesday its profit surged in the second quarter as cost savings and higher deliveries offset a big charge for delays to its groundbreaking A380 jumbo jet and further woes from the falling dollar. -- read full article |
| Wed, 30 Jul 2008 12:05:40 GMT - Yahoo! News: Earnings News |
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