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Stacey Widlitz, retail analyst at Pali Research, shares, shares her reaction to Tiffany's earnings report.
General Motors’ restructuring plan will include cutting 10,000 jobs in Europe, Tim Urquhart from IHS Global Insight told...
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As of Wednesday, November 25th:
The blended earnings growth rate for the S&P 500 for Q3 2009, combining actual numbers for companies that have reported, and estimates for companies yet to report rose to -13.7% from -13.8% in the previous day. As of October 1st, the earnings growth rate was at -24.7%.Of the 490 S&P 500 companies who have reported Q3, 79% beat estimates, 7% were in-line, and 14% were below estimates.  The blended earnings growth rate for the S&P 500 for Q3 2009 is currently at -13.7%. (Data provided by Thomson Reuters)

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Best Buy Sees Sales Falling, General Mills Raises Outlook
By: CNBC.com | 09 Jan 2009 | 08:25 AM ET
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Retailer Best Buy said it sees sales at stores open at least one year falling between 2 percent and 3 percent for its current fiscal year and said its market share continued to gain.

Earnings per share, excluding items, will be in the range of $2.50 and $2.70 for fiscal 2009, which ends February, Best Buy [BBY  Loading...      ()   ] said in a statement.

The company had revenue of $7.5 million in December.

Food maker General Mills [GIS  Loading...      ()   ], on the other hand, raised earnings per share forecast for 2009 to between $3.83 and $3.87 and said it sees sales growth of 5 percent or higher for this year.

Operating profit at General Mills is also expected to rise by 5 percent of higher, the company said in a statement.

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