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Wal-Mart Stores Inc. says its second-quarter profit rose 5.7 percent, fueled by strong international sales and expense cutting. But the world’s largest retailer still wasn’t able to reverse a two-year U.S. sales slump.
The company raised its annual profit outlook.
The retailer says it earned $3.8 billion, or $1.09 per share, in the three months ended July […]
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The world’s largest brewer Anheuser-Busch InBev NV said Thursday that second-quarter profits rose by more than a quarter as higher sales in China made up for declining demand in the U.S. and Brazil.
The Asian-Pacific region, led my China, is now AB InBev’s third biggest market, cushioning the brewer from difficult economic conditions in its traditional […]
Shares of Panera Bread Co. fell 10 percent today after the bakery cafe chain announced slower sales growth at company-owned stores during the past year.
After markets closed on Tuesday, the Sunset Hills-based company reported that its second-quarter net income rose 34 percent, though a key revenue comparison fell short.
Panera, among the stronger performers in the restaurant […]
NATO suggested Tuesday that it would be willing to stop bombing Libya during Ramadan, if Moammar Gadhafi’s forces also honored a cease-fire during the Muslim holy month.
“We need to wait and see whether Gadhafi’s forces continue to shell and inflict harm,” said a NATO spokesman, Wing Cmdr. Mike Bracken.
“If they do, and we believe there […]
The state of Montana has cut its ties to a joint Exxon Mobil-government command post overseeing an oil spill along the Yellowstone river, after the state’s Democratic governor said the group was defying state open government laws by denying public access.
The move underscores mounting tensions between the state and one of the world’s largest energy […]
A key auto quality study has found that models that are new or redesigned for 2011 are less reliable than those introduced last year.
The newer models had 10 percent more problems on average than those introduced in 2010, according to the J.D. Power and Associates’ annual U.S. Initial Quality Study. The increase stemmed from manufacturers’ […]
Fitz’s Bottling Co. plans to increase production of Fitz’s Root Beer and sodas after inking a distribution deal with six local Anheuser-Busch wholesalers.
The deal was signed in late May and announced today. Terms were not disclosed.
The local wholesalers are: Grey Eagle Distributors, Lohr Distributing, H. W. Herrell Distributing, Krey Distributing, Donnewald Distributing, and Illinois Distributing.
Fitz’s operates a bottling facility and […]
The European Central Bank’s chief economist said a Greek debt restructuring would be a “recipe for catastrophe” as he blamed “vested interests” in Britain and the United States for fueling market pressure on the country.
Juergen Stark told a financial conference in Greece Wednesday that the struggling eurozone country’s “debt sustainability is insured” if it fully […]
Japanese Economy and Fiscal Policy Minister Kaoru Yosano said taxes must be part of funding earthquake reconstruction, as polls indicate public support for increasing levies to pay for rebuilding.
“Of course our borrowing must be backed by taxes,” Yosano, 72, said in an interview in Tokyo yesterday. While a sales tax increase “is one possibility […]