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- Washington Post to close remaining US bureaus
- Specifics of Smith proposal to revamp Mich. taxes
- 4 NBC affiliates ban PETA's Thanksgiving Day ad
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Among the earnings stories for Wednesday, Nov. 11, from AP Financial News:
SANTA CLARA, Calif. (AP) — Applied Materials Inc. said that fiscal fourth-quarter net income fell by 40 percent and announced it would cut 1,300 to 1,500 jobs to save money as it grapples with a business downturn.
NEW YORK (AP) — Macy's Inc.'s third-quarter loss shrunk as tight inventory controls and a move to localize merchandise at its department stores by region paid off. The company also raised its full-year profit and sales outlook.
FALLS CHURCH, Va. (AP) — Information technology services provider Computer Sciences Corp. said its fiscal second quarter profit fell more than 50 percent from last year when it reaped a large tax benefit, but still beat Wall Street's forecast by 5 cents.
SEATTLE (AP) — Dendreon Corp., which is developing the prostate cancer drug Provenge, said its third-quarter loss widened on a boost in operating expenses and costs to cover the value of warrants to buy its shares.
VALLEY FORGE, Pa. (AP) — Utility and energy holding company UGI Corp. said its fiscal fourth-quarter loss widened and, even though it predicted weak economic conditions ahead, it held to its 2010 estimates.
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Data is a real-time snapshot *Data is delayed at least 15 minutes