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Freddie Mac posts 4th-qtr. loss of $480M
AP   Friday, 23 March 2007
AP - Mortgage finance giant Freddie Mac, emerging from an accounting scandal, reported Friday it lost $480 million in the fourth quarter as a result of moves in interest rates that hurt its business of guaranteeing home loans.
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Nike to change shopping experience
AP   Friday, 23 March 2007

A Nike display is seen at Niketown in Portland, Ore., in this March 21, 2006 file photo. Nike Inc. is expected to release quarterly earnings Thursday, March 22, 2007.  (AP Photo/Rick Bowmer, file)AP - Nike Inc. won't say where, how or when — but it wants to change the way consumers shop. "Consumers want a more compelling and relevant experience wherever and whenever they shop," Nike President and Chief Executive Mark Parker said Thursday as the company released its third-quarter results and said it had a soft year with some specialty mall retailers.


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Palm 3Q profit drops 61 pct. amid rumors
AP   Friday, 23 March 2007

An exterior view of Palm headquarters is shown in Sunnyvale, Calif., Monday, Dec. 18, 2006. Palm Inc. reports its fiscal third-quarter results after the closing bell Thursday, March 22, 2007 as feverish speculation of an imminent takeover continues. The Treo smart phone maker has stayed mum on the rumors, though reports citing unnamed sources say a buyout deal could occur before its earnings report. (AP Photo/Paul Sakuma)AP - Palm Inc. reported a 61 percent drop in its third-quarter profits Thursday as speculation of a buyout continued to swirl. Sales of the company's Treo smart phones reached record levels, but increased costs, $5.7 million in stock-based compensation, and $3.7 million in acquisition-related charges hurt Palm's bottom line.


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Charges, higher costs hit Palm quarterly profit
Reuters   Friday, 23 March 2007

A Palm Treo 680 smartphone in a photo courtesy of the company. Palm, the current subject of takeover speculation and maker of the Treo smartphone, on Thursday posted a lower quarterly profit as costs rose and it booked charges. (Handout/Reuters)Reuters - Palm Inc. , the current subject of takeover speculation and maker of the Treo smartphone, on Thursday posted a lower quarterly profit as costs rose and it booked charges.


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Barnes & Noble 4Q profit rises
AP   Thursday, 22 March 2007
AP - Barnes & Noble Inc., the nation's largest bookseller, reported on Thursday a slight increase in fourth-quarter profit that missed Wall Street expectations. It also forecast a loss for the first quarter.
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KB Home 1Q profit falls to $27.5 million
AP   Thursday, 22 March 2007
AP - KB Home, one of the nation's largest homebuilders, said Thursday fiscal first-quarter earnings plunged as the continuing housing slump hurt sales and profit margins.
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KB Home quarterly profit falls 84 percent
Reuters   Thursday, 22 March 2007
Reuters - KB Home , the No. 5 U.S. home builder, on Thursday said quarterly net profit fell 84 percent, reflecting the sharp decline in the U.S. housing market.
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General Mills 3Q profit climbs 9 percent
AP   Thursday, 22 March 2007
AP - The foodmaker General Mills Inc. said on Thursday that its third-quarter profit rose 9 percent as increased sales helped offset rising prices for ingredients, and the company raised its guidance for the year.
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ConAgra Foods posts 3Q profit of $192.6M
AP   Thursday, 22 March 2007
AP - ConAgra Foods Inc. earned $192.6 million in the third quarter despite a massive recall of all of its peanut butter products after they were linked to a salmonella outbreak, the company reported Thursday.
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Japan court convicts 4 ex-Livedoor execs
AP   Thursday, 22 March 2007

Former Livedoor Co. Chief Financial Officer Ryoji Miyauchi arrives at Tokyo District Court for trial on charges of violating stock regulations in Tokyo on Thursday March 22, 2007. A Japanese court sentenced Ryoji Miyauchi, former chief financial officer of dot-com company Livedoor, to twenty months in prison for inflating earnings reports. The Tokyo District Court also handed down suspended prison terms to three other Livedoor officials for similar offenses. (AP Photo/Kyodo News)AP - A Japanese court convicted four former executives of disgraced dot-com company Livedoor of inflating earnings reports Thursday in a scandal that destroyed one of the country's highest-flying Internet startups.


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FedEx Dips on Earnings News
BusinessWeek Online   Thursday, 22 March 2007
BusinessWeek Online - Package delivery company FedEx said Mar. 21 that it's been struggling to grow profits during recent months. Fuel costs cut into profits, while snowstorms made it tougher for trucks to deliver packages. And as the U.S. economy slowed, customers who might have insisted on shipping everything overnight express during easier years downgraded to less expensive services.
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