Nov 5th, 2009 - CNNMoney
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Starbucks Corp.'s (SBUX) fiscal fourth-quarter profit soared as the coffeeretailer continued its turnaround and exceeded its targets for cost reductions.
That strength led the company to raise its earnings guidance for the new year,saying it now expects per-share growth of 15% to 20% from the 80 cents posted inthe latest year, up 2 percentage points.
Shares rose 3.6% after-hours to $20.40. The stock has retreated from its 52-week high of $21.11 last month but remains up nearly triple from the low nearlya year ago.
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Dolan Media buys 85 percent stake in document-review firm DiscoverReady
Nov 6th, 2009 - ChicagoTribune
MINNEAPOLIS (AP) - Dolan Media Co. said Friday it bought an 85 percent stake in DiscoverReady LLC, which provides document-review services to companies and their lawyers. Financial terms were not disclosed...
Berkshire Hathaway says 3Q profit triples to $3.2B
Nov 6th, 2009 - AOL Money & Finance
OMAHA, Neb. -Warren Buffett's company said Friday that its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts. Berkshire said it generated $3.2 billion...
Starbucks raises outlook as turnaround signs mount
Nov 5th, 2009 - Reuters
LOS ANGELES (Reuters) - Starbucks Corp (SBUX.O) raised its financial forecasts for 2010 in the latest sign a year-long turnaround effort is boosting margins and putting it back on track for growth...Starbucks Net Climbs; Annual Profit Forecast Raised
Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- Starbucks Corp., the world’s largestcoffee-shop operator, increased its 2010 profit forecast andsaid fourth-quarter profit jumped as cost cuts expanded margins.The shares rose 3.6 percent in late U.S...
International Paper's 3Q profit soars on tax item
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MEMPHIS, Tennessee—International Paper, the world's biggest wood products company, said Wednesday its third-quarter profit more than doubled as a huge federal tax credit more than offset falling sales of cardboard box materials.
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