Whole Foods Q4 Earnings Call Transcript Nov 10, 10:34 AM ET |
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| Whole Foods Market, the natural food retailer fourth quarter sales increased 16% to $1.8 billion and comparable store sales grew 0.4%, identical store sales declined 0.5%, and sales at Wild Oats stores were $159.3 million. Net income was $1.5 million and diluted earnings per share 1 cents. |
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Northrop Grumman Q3 Earnings Call Transcript Nov 10, 11:00 AM ET |
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| Northrop Grumman, the defense contractor third quarter 2008 earnings from continuing operations increased to $509 million or $1.50 per diluted share compared with $489 million or $1.41 per diluted share in the third quarter of 2007. Sales increased 6% to $8.4 billion. |
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U.S. Stocks Rise, IMF Lowers Global Outlook Nov 07, 5:25 PM ET |
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| U.S. unemployment rose in October and an index of pending home sales declined. Crude oil hovered near $60 a barrel. IMF lowered outlook for global economy. General Motors and Ford seek federal assistance but fail to trim labor costs and executive compensation. British Airways lifted revenue outlook. |
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GM Drops 10%, Ford Below $2; CB Richard Surges Nov 07, 3:47 PM ET |
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| General Motors and Ford reported weaker than expected results and cried out for federal help but fail to trim executive compensation and labor costs. GM dropped 10% and Ford declined below $2. Dolby Laboratories dropped 4% after third quarter net rose 10%. CB Richard Ellis surges 16%. |
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U.S. Unemployment Rate 6.5%, Ford Loss Nov 07, 5:09 PM ET |
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| October unemployment rate rose to 6.5% from 6.1% in September. The U.S. economy has lost 1.2 million jobs in the first ten months in the year. Total number unemployed stand at 10.1 million. Ford Motor reported a fall in revenue and a higher quarterly loss. Disney net in the quarter dropped. |
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British Air Forecast Lifts London Stocks Nov 07, 2:44 PM ET |
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| British Airways lifted its revenue guidance to 4% from earlier projection of 3% increase. However, the six-month net dropped 75%. Commodities and energy stocks rallied on an increase in crude oil and metal prices. Stocks in London trading rose 1.8%. |
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Japan Stocks Struggle, JAL Net Drops Nov 07, 12:53 PM ET |
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| Global economic worries and lowered IMF estimates of global growth played into early sell-off of 7% in Tokyo trading. Stocks recovered to close down 3.6% for the day and 0.1% for the week. Japan Airlines second quarter operating profit fell to 26.3 billion yen from 65 billion yen a year ago. |
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China Stocks Rise Nov 07, 5:12 PM ET |
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| Stocks in Hong Kong rose 3.3% and in Shanghai gained 1.7% on higher trading volume. The HKMA reported that foreign exchange reserve declined in October to $155 billion from $160 billion. Banks and real estate companies increased. Hong Kong Exchange dropped on broker comments. |
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Sensex Rises, Rupee Gains 4% Nov 07, 1:38 PM ET |
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| Stocks in Mumbai rose after a week of volatile trading. The IMF lowered growth projections for India, Europe, Australia and the U.S. and said that emerging markets will still lead the world economic growth but at a slower pace. Local banks lowered interest rates on loans. Rupee gains 4% in the week. |
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Australian Stocks Drop, Funding for ABC Nov 07, 5:10 PM ET |
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| Australian stocks fell 2.3% after the IMF lowered the growth estimate for the country to 1.8%. Australia offered emergency funding of A$22 million to ABC Learning Centers, the child care company in voluntary administration. |
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