Reuters - It will be tough for Wall Street to
shake off the bear market blues next week if the price of oil
keeps rising and the earnings season kick-off from Alcoa and
General Electric disappoints investors.
AP - In a June 25 story about quarterly earnings at Research In Motion Ltd., The Associated Press incorrectly reported that the BlackBerry Bold will be a touch-screen phone. Current plans do not call for the device to have a touch screen.
Reuters - Family Dollar Stores Inc on
Wednesday reported higher-than-expected quarterly profit as the
discount retailer kept a tight control on expenses and
inventory to navigate the tough environment, sending its shares
up than 11 percent.
AP - Constellation Brands Inc. said Tuesday its fiscal first-quarter profit jumped 50 percent, lifted by price increases as well as strong sales of its new higher-margin wine brands such as Clos du Bois and Wild Horse.
Investor's Business Daily - Every penny a company earns that survives the butcher's knife of materials costs, wages, taxes and capital spending deserves a place on the mantle.
