Kroger says 3rd-quarter profit falls 6 percent on Ike damage; shares fall on cautious outlook
Dec 10 2008
Dan Sewell December 9, 2008 - 6:57 p.m. CINCINNATI (AP) - Hurricane Ike battered Kroger Co.'s third-quarter profits, and the grocery chain offered a cautious forecast Tuesday amid the churning U.S. relating to housekeeping gale. The nation's largest traditive grocer said profits fell 6 percent in the quarter, greatly because of far-reaching mischief from Hurricane Ike, even as its sales rose 9 percent. But Kroger expects lower holiday spending to harm fourth-quarter results, and projects slower same-store sales growth for next year. "Times are such that it's a trivial less predictable than you might wish for," Chairman and CEO David B. ...
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Live & Learn: Maurice Strong
Dec 10 2008
Live & Learn: Maurice Strong <!-- Live & Learn: Maurice Strong Andrew Wahl Maurice Strong, China, Harper, UN, United Nations 20081208 The ex-UN special envoy and former CEO of Ontario Hydro on China and the hostility of Stephen Harper’s government toward it. /managing/ceo_interviews/ --> Born April 29, 1929, in Oak Lake, Man. • Honorary professor at Peking University • UN crusader • Sinophile China now is very pursuit oriented. You are often taken more seriously if you’ve got a business relationship as well like an academic relation. I founded this company called China Carbon, which I don’t in truth run but I’m presiding officer ...
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ADC posts wider 4th-quarter loss, forecasts lower-than-expected 1st-quarter revenue
Dec 10 2008
December 9, 2008 - 6:53 p.m. EDEN PRAIRIE, Minn. (AP) - ADC Telecommunications Inc. on Tuesday reported a wider deprivation by reason of the fourth quarter from a year earlier, weighed down by restructuring costs, inventory write-downs and other charges. Net disadvantage from continuing operations came to $45.4 million, or 39 cents per share, compared with a net overthrow of $7.6 million, or 7 cents, in the year-earlier period. The fourth-quarter 2008 loss included charges of $67 million, or 58 cents, for impairment of certain investments, severance, inventory write-downs, restructuring and others. Excluding charges, Eden Prairie, Minn.-based ADC would have posted ...
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Pensions: A golden retirement?
Dec 10 2008
Pensions: A golden retirement? <!-- Pensions: A golden retirement? Paul Webster CPPIB, Canada Pension Plan, Pensions 20081208 The Canada Pension Plan Investment Board takes a big hit from the stock mart. /markets/public funds/ --> With contributions from working Canadians totaling $168 billion since 2000, the Canada Pension Plan aims to have assets over $300 billion by 2019, the year before it’s expected to begin relying on investment income to help pay pensions. Since 2000, when Ottawa simpleton the fund in the hands of voluntary managers and almost doubled mandatory contributions, the Canada Pension Plan Investment Board has moved aggressively into world markets. Guided by means ...
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