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By MICHAEL LIEDTKE, AP Business Writer Fri May 23, 5:14 AM ET SAN FRANCISCO - Gap Inc.'s sales are slumping and shoppers appear unlikely to spend more anytime soon, but the clothing retailer still boosted its first-quarter profit by 40 percent by managi..
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48 minutes ago LOS ANGELES (Reuters) - Gap Inc (GPS.N) said on Thursday that first-quarter net profit jumped 40 percent on tighter inventories and fewer markdowns despite lower sales, and shares rose 2 percent in extended trading.
The global apparel co..
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1 hour, 21 minutes ago NEW YORK (Reuters) - Freddie Mac, the second-biggest provider of funding for U.S. residential mortgages, on Wednesday said its first-quarter loss widened slightly as its credit losses deepened.
The McLean, Virginia-based company..
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By MARK JEWELL, AP Business Writer 52 minutes ago BOSTON - TJX Cos. said Tuesday its first-quarter profit rose nearly 20 percent as the discount retailer continued to draw shoppers increasingly looking for bargains in a tough economy.
But its shares fe..
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By Martinne Geller 1 hour, 58 minutes ago NEW YORK (Reuters) - AnnTaylor Stores Corp (ANN.N) raised its first-quarter earnings forecast on Monday, citing lower inventories and improvement at its LOFT chain, sending shares of the women's clothing retaile..
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By Katie Reid Tue May 6, 5:25 AM ET ZURICH (Reuters) - Adecco (ADEN.VX) posted a forecast-beating 3 percent rise in first-quarter net profit, lifting shares, but cautioned that economic weakness would weigh on its sales growth goal in 2008.
Adecco, the..
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By Euan Rocha 26 minutes ago NEW YORK (Reuters) - Weyerhaeuser Co (WY.N) posted a bigger-than-expected first-quarter loss on Friday, as the slump in the U.S. housing market hurt demand for its lumber, plywood and other wood products used in home constru..
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7 minutes ago NEW YORK (Reuters) - Chevron Corp (CVX.N) said on Friday its first-quarter earnings rose 10 percent as record oil prices outweighed weak profits from gasoline production.
Net income in the quarter rose to $5.17 billion, or $2.48 a share,..
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By Michael Erman 5 minutes ago NEW YORK (Reuters) - Exxon Mobil Corp (XOM.N) posted a $10.89 billion first-quarter profit on Thursday but still managed to disappoint investors as weak production volumes and low refining margins blunted the impact of the..
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49 minutes ago NEW YORK (Reuters) - Exxon Mobil Corp (XOM.N) on Thursday said its first-quarter earnings rose 17 percent on crude oil prices that surged to record levels during the quarter.
Net income at the world's largest publicly traded company rose..
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By Kevin Krolicki and David Bailey 43 minutes ago DETROIT (Reuters) - General Motors Corp (GM.N) on Wednesday posted a first-quarter loss due to a costly supplier strike, waning demand for its most profitable vehicles and charges related to struggling f..
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25 minutes ago WASHINGTON (Reuters) - The economy grew at a slightly stronger pace than forecast as 2008 began, helped by inventory-building that tempered a steadily deteriorating housing sector and less vigorous consumer spending.
The Commerce Departm..
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By Kristina Cooke 26 minutes ago NEW YORK (Reuters) - Stock index futures were little changed on Wednesday, as robust profits from Boeing Co (BA.N) helped offset concerns about the health of the financial sector.
Boeing said first-quarter profit rose m..
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By Euan Rocha 26 minutes ago NEW YORK (Reuters) - Dow Chemical Co (DOW.N) and DuPont Co (DD.N) have faced a tough first-quarter due to soaring costs and economic difficulties, but gains from a weak U.S. dollar, strong overseas markets and booming agricu..
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25 minutes ago NEW YORK (Reuters) - Wachovia Corp (WB.N) posted a surprising first-quarter loss on Monday as credit problems from mortgages and other debt soared, prompting the bank to cut its dividend and raise $7 billion in capital.
The fourth-larges..
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1 hour, 30 minutes ago NEW YORK (Reuters) - Disappointing first-quarter earnings from General Electric Co (GE.N) and a drop in U.S. consumer confidence to its lowest in more than a quarter century in early April provided the latest signs the U.S. econom..
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1 hour, 31 minutes ago NEW YORK (Reuters) - Aluminum producer Alcoa Inc (AA.N) said on Monday that first-quarter profit was cut in half from a year ago because of higher energy and raw material costs and a weak dollar, which offset a surge in the metal'..
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21 minutes ago NEW YORK (Reuters) - Mid-tier department store operator JC Penney Co Inc (JCP.N) on Friday lowered its first-quarter earnings forecast, saying sales through the Easter holiday were "well below expectations."
It now expects first-quarter..
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Mon Mar 24, 12:29 AM ET NEW YORK (Reuters) - Wall Street strategists and industry analysts now expect first-quarter earnings at Standard & Poor's 500 (.SPX) companies to decline 5.5 percent from a year earlier, twice the 2.7 percent decline they had for..
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