Highlights
A collection of news and information related to Earnings published by Tribune Company sources.
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New tax rules add to anxiety for small businesses
Small-business owners are having a tough time trying to figure out the best year-end tax strategies for 2008 as the global financial meltdown turns conventional planning wisdom on its head.
Many also are unaware of new federal tax rules -- some...Tags: Banking, Corporations, Business, State Budgets, Small Businesses
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Financial Watch
The week ahead Economists are predicting grim numbers when the employment report is released Friday. Monday ISM manufacturing index (November) Tuesday Auto sales (November). Earnings: Sears, Staples Wednesday ISM services index (November);...Tags: Aeropostale Incorporated, Federal Reserve, Big Lots Incorporated, JC Penney Company Incorporated, Del Monte Foods Company
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The week ahead
Monday Reports: November Institute for Supply Management index; October construction spending Tuesday Report: November vehicle sales Earnings: Marvell Technology Group Ltd.; Sears Holdings Corp.; Staples Inc. Wednesday Reports: Third-quarter...Tags: Aeropostale Incorporated, Staples Inc., Federal Reserve, Marvell Technology Group Limited, Big Lots Incorporated
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Deere's run likely at end
Tribune reporterFarm-equipment giant Deere & Co. disappointed Wall Street with its fiscal fourth-quarter earnings Wednesday, as higher raw-material costs and weakening non-agricultural sales offset robust farm sales. The latest quarterly results helped the Moline, Ill....Tags: Plant Closings, Sales
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Deere's 4Q profit drops 18%
Tribune staff reporterFarm-equipment giant Deere & Co., pinched by higher raw-material costs and an accelerating decline in sales to the construction sector, turned in fiscal fourth-quarter earnings Wednesday that fell significantly short of analyst forecasts. The Moline...Tags: Sales
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As mortgages went bad, executives cashed out
The subprime lending industry was starting to buckle under the weight of bad loans in November 2006, when executives at Irvine-based New Century Financial Corp. held a conference call to release their latest earnings.
Loan volume was down and defaults...Tags: National Government, Justice System, Bankruptcy, Los Angeles, Securities
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Hewlett-Packard gets a boost as laptop sales rise 21 percent
The Associated PressHewlett-Packard Co. edged past Wall Street's forecast for the latest quarter, showing some resilience in troubled times, as strong laptop sales helped offset falling printer orders and weakness in some server lines. Profit slipped 2 percent while revenue...Tags: Hewlett-Packard Co., Electronic Data Systems Corporation, Consumer Electronics Industry, Sales
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Deere expected to report profit, but outlook is key
Tribune staff reporterWhen Deere & Co. reports fiscal fourth-quarter earnings Wednesday, analysts will be focusing more on what the Moline farm-equipment maker has to say about the year ahead than about the quarter that ended Oct. 31. The latest fourth quarter is expected...Tags: Earnings Forecasts, Sales, New York Stock Exchange, Farms, Forestry and Timber
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To lift the economy, scrap or cut the corporate income tax
As an old anecdote goes, a well-known bandit was asked why he robbed banks. His answer: ''That's where the money is.'' Economists have long noted the irrationality of the corporate income tax. A better system would leave corporate income substantially...Tags: Retirement, Corporations, Lehigh University, Retraining, State Budgets
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Games of chance: Lotto or Wall Street
Ever bought a lottery ticket? You know how it works: You pay for the ticket, and either it's a winner, or you throw it away.
Maybe that's how investors should be thinking about many stocks at this point. With shares of some of America's biggest companies...Tags: Dining and Drinking, Hotels and Accommodations, Casino and Gambling Industry, Sales, Hotel and Accommodation Industry
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11 Weekly Newspapers Could Be Closed
The Hartford CourantThe Journal Register Co. has told employees at 11 weekly newspapers in Connecticut that those operations would be closed if a buyer isn't found by Jan. 12. It's the same message the reeling newspaper publisher delivered on Monday to employees at two...Tags: Middletown, Windsor (Hartford, Connecticut), Employees, Employers, Newspapers
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Profit declines 6% for owner of T.J. Maxx and Marshalls
The Associated PressTJX Cos., which operates the T.J. Maxx and Marshalls stores, reported a 6% decline in third-quarter profit as unfavorable exchange rates and a tough economy crimped results for the discount apparel retailer. The company also forecast a lower-than-...Tags: Earnings Forecasts, TJX Companies Incorporated, Sales, Inventories
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|Story| Allentown Morning Call
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