Supervalu 4th quarter profit up 30 percent on lower interest expenses, sales rise
Apr 17 2008
April 17, 2008 - 08:17 a.m. MINNEAPOLIS (AP) - Supervalu says its profit jumped 30 percent in the fourth quarter from lower interest expenses and a slight boost in sales. The grocer says earnings rose to $156 million, or 73 cents per share, from $120 million, or 57 cents per ploughshare in the year-ago quarter. Supervalu Inc. says it earned 77 cents per share excluding acquisition costs. Thomson Financial says analysts expected 71 cents per share. A decline in interest expenses from lower borrowing and interest rates helped profit. The Minneapolis-based Supervalu says revenue climbed about 1 percent to $10.39 billion ...
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Global demand boosts United Technologies 1st-quarter earnings 26 pct
Apr 17 2008
April 17, 2008 - 08:13 a.m. HARTFORD, Conn. (AP) - United Technologies Corp., which makes Otis elevators, Sikorsky helicopters and Carrier air conditioners, said Thursday its first-quarter earnings rose 26 percent as the weak dollar boosted profits throughout the business. The Hartford-based industrial conglomerate earned $1 billion, or $1.03 per share, in the quarter, up from $819 million, or 82 cents per share a year earlier. Analysts expected $1.01 per share, according to a Thomson Financial poll. Revenue rose 12 percent to $13.7 billion from $12.3 billion a year earlier and was ahead of Wall Street's estimate for $13.4 billion. Chief ...
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House passes one-week farm law extension as lawmakers squabble over tax breaks
Apr 17 2008
Mary Clare Jalonick April 17, 2008 - 08:12 a.m. WASHINGTON (AP) - The House passed a one-week extension of current farm law Wednesday, hoping to give Congress more time to finish a multibillion-dollar farm bill that is stalled by a dispute over tax breaks. Negotiations on the roughly $280 billion, five-year bill to expand agriculture and nutrition programs are in disarray with lawmakers from the House and Senate squabbling over how to pay for it. The White House says as well-as; not only-but also; not only-but; not alone-but the current House and Senate versions are too expensive and has threatened a ...
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Correction: Plastics chemical story
Apr 17 2008
April 17, 2008 - 08:11 a.m. WASHINGTON (AP) - In an April 15 story about a potentially hazardous substance in baby bottles and other plastic containers, The Associated Press reported erroneously that New Jersey lawmakers passed a bill banning products containing the chemical bisphenol A. Lawmakers have only introduced the bill.
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