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The Wire

J.M. Smucker 2nd-quarter profit soars on coffee

J.M. Smucker Co. nearly tripled its profit in the second quarter as the addition of Folgers coffee gave a jolt to its lineup and lower commodity prices for coffee beans and other items fattened its profit margins. Complete Story...

Verigy shares rise on better-than-expected 4Q

Shares of Verigy Ltd. rose Friday after the maker of chip testing equipment turned in a stronger-than-expected performance in the fourth quarter.

Griffon Corp. turns 4th-qtr profit of $12.4M

Griffon Corp., a communications and electronic information, building products and specialty plastics business, said it posted a fiscal fourth-quarter profit of $12.4 million, compared to a year-ago loss, even as sales fell 7 percent.

Met-Pro 3Q profit plunges as markets remain weak

Met-Pro Corp., which makes pollution control technologies, said Friday its third-quarter profit plunged two-thirds on weak markets, surprising Wall Street.

America's Car-Mart fiscal 2Q profit rises

Auto retailer America's Car-Mart Inc. reported on Friday a 61 percent higher fiscal second-quarter profit, as consumers turned to the used car market amid tighter credit restrictions.

D.R. Horton sees 26 perecent spike in 4Q orders

Homebuilder D.R. Horton Inc., saw new home orders spike 26 percent from a year ago in the latest quarter as buyers raced to close deals and take advantage of a federal tax credit. But a wider-than-anticipated loss fueled by write-downs sent shares tumbling more than 15 percent Friday.

SkillSoft 3Q profit up 63 percent; raises outlook

Education software company SkillSoft PLC said Thursday its third-quarter net income rose 63 percent as lower costs offset a decrease in revenue, and it raised its outlook for the rest of the year.

Hibbett Sports 3rd-qtr profit rises 15 percent

Sporting goods retailer Hibbett Sports Inc. said Thursday its profit rose 15 percent in the third quarter as sales rose and it took better control of inventory and expenses.

Dole Food 3Q loss widens to $54 million

Dole Food Co. said Thursday its third-quarter loss widened as the loss of two businesses cut into the fruit and vegetable producer's revenue compared with a year ago.

Foot Locker posts 3Q loss on charge, sales drop

Athletic shoes seller Foot Locker Inc. on Thursday reported a loss for the third quarter as consumers spent less at its stores and it wrote down the value of its assets by $22 million.

Aruba's 1Q loss grows on legal charge

Aruba Networks Inc. posted a wider quarterly loss Thursday as one-time legal costs outweighed sales growth.

Dress Barn 1Q profit rises 10 pct on higher sales

Women's clothing retailer Dress Barn Inc. said its profit rose 10 percent in the fiscal first quarter on higher sales and issued an improved outlook for the full year.

Suntech Power tops expectations with 3Q earnings

Shares of Chinese solar energy company Suntech Power Holdings Co. Ltd. closed up 6 percent Thursday as the company signaled improving demand despite a drop in quarterly earnings.

Casual Male Retail Group posts smaller 3Q loss

Casual Male Retail Group Inc., which sells men's clothing under the brand names Casual Male XL and Rochester Big & Tall, said Tuesday it posted a smaller third-quarter loss by trimming expenses and improving merchandise margins to offset weak sales.

Dell's profit, stock drop on weak quarterly report

Some of the computer industry's biggest players — such as IBM Corp., Intel Corp. and Hewlett-Packard Co. — have wowed Wall Street this fall with stronger-than-expected profits.

Gap profit up 25 pct in 3Q as Old Navy recovers

Shoppers spent more money at low-price Old Navy stores in the third quarter, helping Gap Inc.'s profit climb 25 percent compared with last year, the retailer said Thursday.

Cato 3Q profit more than triples as sales rise

Cato Corp., which sells low-priced women's clothes at stores in the southern U.S., said Thursday its profit more than tripled in the third quarter as its sales rose.

Helmerich & Payne 4Q profit falls

Contract driller Helmerich & Payne Inc. said Thursday its fiscal fourth-quarter profit fell 59 percent due primarily to a drop in the U.S. land drilling market.

Stage Stores posts smaller 3rd-qtr loss

Department store operator Stage Stores Inc. said Thursday it posted a smaller third-quarter loss, as cutting costs and managing inventory improved its bottom line.

Hot Topic declines as sales slip, miss estimates

Shares of teen-oriented Hot Topic Inc. fell Thursday after it reported that its third-quarter revenue declined and it missed Wall Street expectations during the weak economy.

Game sales lift GameStop 3Q profit 12 percent

GameStop Corp., the world's largest video game retailer, said Thursday that sales of new hot-selling games helped boost its third-quarter profit nearly 12 percent and offset a sales decline for video game hardware.

Raven Industries reports 13 percent 3Q profit drop

Raven Industries Inc., which makes reinforced plastic sheeting and products for precision farming and navigation, on Thursday reported a 13 percent drop in third-quarter profit but said higher operating margins helped offset lower sales.

Dick's Sporting Goods 3Q profit more than triples

Dick's Sporting Goods Inc. said Thursday that its third-quarter profit more than tripled, as the prior year's results were burdened by higher expenses.

Trina Solar 3Q profit rise 25 pct; shares jump

Chinese solar power company Trina Solar Ltd. on Thursday said its third-quarter earnings climbed 25 percent to a record high and beat expectations, pushing its shares up in morning trading.

Sears narrows 3Q loss on cost-cutting efforts

Shoppers increased their spending at Kmart stores for the first time in at least seven years this fall, picking up cheap toys, shoes and items for their homes.

The Vine
AP IMPACT: After 60 years, black officers rare
Source: msnbc.com

Sixty years after President Truman desegregated the military, senior black officers are still rare, particularly among the highest ranks.

Letter to the editor earns 81-year-old Pa. man a visit from Secret Service agents
Source: User Submission

BETHLEHEM, Pa. (AP) -- An elderly man who wrote in a letter to the editor about Saddam Hussein's execution that "they hanged the wrong man" got a visit from Secret Service agents concerned he was threatening President Bush.

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