- Smucker's profit surges after acquiring Folgers
J.M. Smucker Co.'s acquisition of Folgers Coffee Co. continues to pay off for the jam maker, helping to more than double its fiscal second-quarter profit, as consumers continue to turn to the company's well-known brands and eat at home more during the recession.
- Dell profit falls 54 percent amid PC slump
Dell Inc. said Thursday that its net income dropped 54 percent in the latest quarter and amid signs the company isn't fully benefiting from the computer industry's fledgling recovery.
- Sears posts second consecutive quarterly loss
Sears Holdings Corp. said Thursday it lost money for the second consecutive quarter as customers spent elsewhere even as the retailer offered a series of early holiday season promotions to bring them back to its brands.
- Gap profit up 25 pct in 3Q as Old Navy recovers
Shoppers spent more money at low-price Old Navy stores in the third quarter, helping Gap Inc.'s profit climb 25 percent compared with last year, the retailer said Thursday.
- CIT Group reports $1.07 billion loss
Commercial lender CIT Group, which recently filed for bankruptcy protection, says it lost $1.07 billion during the third quarter.
- Home Depot third-quarter earnings fall
Home Depot Inc.'s third-quarter earnings fell 8.9 percent as the housing and renovation markets remained weak, the nation's largest home improvement retailer said Tuesday.
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