| Corporate Earnings Headlines |
| Alcoa's 3Q profit falls 52 percent
(AP)
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| 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 |
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| Acuity profit falls, to cut jobs
(Reuters)
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| 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 |
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| Safeway profit edges up in Q3
(AP)
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| 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 |
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| Fed steps up in global scramble to stem crisis
(Reuters)
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| 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 |
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| BofA earnings tumble, cuts dividend
(Reuters)
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| 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 |
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| Family Dollar profit tops estimates
(Reuters)
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| 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 |
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| Marriott books lower 3Q profit, expects tough 2009
(AP)
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| 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 |
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| Winemaker Constellation Brands loses $23M
(AP)
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| 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 |
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| Winemaker Constellation Brands loses $23M
(AP)
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| 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 |
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| Marriott books lower 3Q profit, expects tough 2009
(AP)
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| 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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