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Starbucks Profit Up 47 Percent
LOS ANGELES (Reuters) - Starbucks Corp. (SBUX.O: Quote , Profile , Research ) , the world's largest coffee shop chain, on Wednesday said quarterly net profit rose 47 percent, helped by its aggressive store expansion and an extra week in the period. Net income for the fourth fiscal quarter ended Oct. 3 cli...General Motors Posts Lower Earnings
By Michael Ellis DETROIT (Reuters) - General Motors Corp. (GM.N: Quote , Profile , Research ) on Wednesday posted weaker earnings due to growing U.S. health-care costs and bigger losses from its European automotive operations. The world's largest automaker also warned it may only break even in the first quarter. GM said its net earnings including one-time items fell to $630 million, or $1.11 per share, from $1 billion, or $2.13 per share, in the fourth...U.S. Economic Outlook Dims
By Alister Bull WASHINGTON (Reuters) - The U.S. economic outlook dimmed on Tuesday after reports said business productivity grew more slowly in the third quarter than first estimated, labor costs rose and other indicators signaled softening activity. Chain store sales fell in the crucial shopping period after Thanksgiving, planned job cuts climbed during November and a survey of consumer con...UnitedHealth Profit Up on Higher Premiums
NEW YORK (Reuters) - Health insurer UnitedHealth Group Inc. (UNH.N: Quote , Profile , Research ) on Thursday posted a 41 percent rise in first-quarter earnings, topping expectations, on higher premiums and cost-cutting, and it raised its full-year forecast. Net income for the first quarter rose to $779 million, or $1.16...Asian Stocks Rise as Oil Eases
By Anne Marie Roantree SINGAPORE (Reuters) - Asian shares rallied on Tuesday as a drop in oil prices below $50 a barrel eased pressure on the global economy, while the dollar edged lower as U.S. polls showed a dead heat ahead of the presidential election later in the day. Mizuho Financial Group Inc. jumped 4 percent after Japan's biggest bank raised its first-half profit estimate by two-thirds on M...Source: .
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