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    Corporate Earnings Headlines
    Alcoa's 3Q profit falls 52 percent (AP)
    AP - Alcoa Inc., the world's third-largest aluminum producer, on Tuesday reported a 52-percent drop in third quarter profit and said it would conserve cash by suspending its stock buyback program and all non-critical capital projects. -- read full article
    Wed, 08 Oct 2008 02:12:46 GMT - Yahoo! News: Earnings News
    Costco fourth-quarter profit rises 8 pct (Reuters)
    Reuters - Discount retailer Costco Wholesale Corp reported higher quarterly profit on Wednesday as price-conscious shoppers headed to its warehouse locations for bargains. -- read full article
    Wed, 08 Oct 2008 08:19:12 GMT - Yahoo! News: Earnings News
    Acuity profit falls, to cut jobs (Reuters)
    Reuters - Lighting maker Acuity Brands Inc reported lower-than-expected quarterly profit on Tuesday, reflecting weaker housing and retail construction markets and high raw material costs, and said it would cut jobs and consolidate some manufacturing operations. -- read full article
    Tue, 07 Oct 2008 13:17:30 GMT - Yahoo! News: Earnings News
    Safeway quarterly profit up, shares rise (Reuters)
    Reuters - Supermarket operator Safeway Inc posted a higher third-quarter profit, helped by cost controls that sheltered earnings from weak consumer spending, and its shares rose more than 6 percent. -- read full article
    Tue, 07 Oct 2008 15:59:21 GMT - Yahoo! News: Earnings News
    Safeway profit edges up in Q3 (AP)

    In this Feb. 21, 2008 file photo, Safeway CEO Steve Burd smiles as he sits in a Safeway truck at a Safeway store in Dublin, Calif. Higher gas sales and a boost from its more upscale stores helped grocer Safeway post a slight rise in third-quarter earnings Tuesday, Oct. 7, 2008. (AP Photo/Paul Sakuma, file)AP - Higher sales at its gas stations and upscale stores helped boost grocer Safeway Inc.'s profit nearly 3 percent in its third fiscal quarter.


    -- read full article
    Tue, 07 Oct 2008 16:48:35 GMT - Yahoo! News: Earnings News
    Fed steps up in global scramble to stem crisis (Reuters)

    A trader works in the dealing room of the First International Bank of Israel (FIBI) in Tel Aviv October 7, 2008. (Baz Ratner/Reuters)Reuters - The Federal Reserve stepped forward as a commercial lender of last resort and signaled a readiness to cut interest rates as governments around the world scrambled to stem the global financial crisis and calls arose for concerted action.


    -- read full article
    Tue, 07 Oct 2008 18:48:30 GMT - Yahoo! News: Earnings News
    BofA earnings tumble, cuts dividend (Reuters)

    A man walks past a Bank Of America branch in New York, October 6, 2008. Bank of America Corp, the largest U.S. bank, on Monday reported a 68 percent drop in quarterly earnings, halved its dividend and said it would seek to raise $10 billion in additional capital. (Lucas Jackson/Reuters)Reuters - Bank of America Corp, citing "recessionary conditions," on Monday halved its dividend and said it would sell at least $10 billion in new common stock to bolster its capital to offset rising loan losses.


    -- read full article
    Mon, 06 Oct 2008 23:40:05 GMT - Yahoo! News: Earnings News
    Bank of America reports profit drop, capital raise (AP)

    A building is reflected in the window of a Bank Of America branch in New York, October 6, 2008. Bank of America Corp, the largest U.S. bank, on Monday reported a 68 percent drop in quarterly earnings, halved its dividend and said it would seek to raise $10 billion in additional capital. REUTERS/Lucas Jackson (UNITED STATES)AP - Bank of America Corp. on Monday reported third-quarter results earlier than planned, revealing a wider-than-expected profit drop and plans to boost capital by selling $10 billion stock and halving its dividend.


    -- read full article
    Mon, 06 Oct 2008 23:42:08 GMT - Yahoo! News: Earnings News
    Family Dollar profit tops estimates (Reuters)
    Reuters - Family Dollar Stores Inc posted a higher-than-expected quarterly profit on Friday, helped by shoppers who spent tax rebate checks at the discount retailer and by closely controlling costs. -- read full article
    Fri, 03 Oct 2008 12:01:14 GMT - Yahoo! News: Earnings News
    Marriott books lower 3Q profit, expects tough 2009 (AP)

    In this July 9, 2008, exterior of the Marriott Hotel in San Francisco, Calif. Marriott International said Thursday, Oct. 2, 2008, its third-quarter profit dropped 28 percent, partly hurt by softening North American revenue per available room — a key measure for hoteliers — and weakening timeshare business amid the global economic downturn. (AP Photo/Paul Sakuma, file)AP - Hotel company Marriott International Inc. said Thursday that its third-quarter profit dropped 28 percent, compared to 2007, and it warned investors about deteriorating conditions for 2009 amid the ongoing financial crisis.


    -- read full article
    Thu, 02 Oct 2008 20:51:26 GMT - Yahoo! News: Earnings News
    Winemaker Constellation Brands loses $23M (AP)

    Corona, St. Pauli Girl and Tsingtao beers, all Constellation brands, are seen on display at a market in Palo Alto, Calif., Thursday, Oct. 2, 2008.  Constellation Brands Inc. said Thursday it lost nearly $23 million in its fiscal second quarter as strong sales of vodka and high-end wines were more than offset by charges to shrink its operations in Australia. (AP Photo/Paul Sakuma)AP - Constellation Brands Inc. said Thursday it lost nearly $23 million in its fiscal second quarter as strong sales of vodka and high-end wines were more than offset by charges to shrink its operations in Australia. Its shares fell nearly 9 percent.


    -- read full article
    Thu, 02 Oct 2008 20:54:35 GMT - Yahoo! News: Earnings News
    UBS says back to profit in Q3 despite crisis (Reuters)
    Reuters - UBS AG will make a small quarterly profit after a year of losses, it said on Thursday, lifting its shares as it signaled it had started to turn the corner even as the credit crisis engulfs many rivals. -- read full article
    Thu, 02 Oct 2008 10:42:31 GMT - Yahoo! News: Earnings News
    Constellation Brands posts loss, keeps outlook (Reuters)

    Constellation Brands' CEO Richard Sands speaks in Chicago March 7, 2007. (Joshua Lott/Reuters)Reuters - Constellation Brands Inc , the world's largest wine producer, posted a quarterly net loss on Thursday versus a year-earlier profit, due to charges and inventory write-downs related to selling some Australian assets.


    -- read full article
    Thu, 02 Oct 2008 11:54:27 GMT - Yahoo! News: Earnings News
    Winemaker Constellation Brands loses $23M (AP)
    AP - Constellation Brands Inc. said Thursday it lost nearly $23 million in its fiscal second quarter as strong sales of vodka and high-end wines were more than offset by charges to shrink its operations in Australia. Its shares fell more than 6 percent. -- read full article
    Thu, 02 Oct 2008 17:35:47 GMT - Yahoo! News: Earnings News
    Marriott books lower 3Q profit, expects tough 2009 (AP)

    In this July 9, 2008, exterior of the Marriott Hotel in San Francisco, Calif. Marriott International said Thursday, Oct. 2, 2008, its third-quarter profit dropped 28 percent, partly hurt by softening North American revenue per available room — a key measure for hoteliers — and weakening timeshare business amid the global economic downturn. (AP Photo/Paul Sakuma, file)AP - Hotel company Marriott International Inc. said Thursday that its third-quarter profit dropped 28 percent, compared to 2007, and it warned investors about deteriorating conditions for 2009 amid the ongoing financial crisis.


    -- read full article
    Thu, 02 Oct 2008 18:23:26 GMT - Yahoo! News: Earnings News
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